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February 28, 2022

Norwegian energy firm Equinor to exit Russia amid invasion of Ukraine-oil and gas 360-oil and gas 360

Norwegian energy firm Equinor to exit Russia amid invasion of Ukraine

February 28, 2022

Reuters Norwegian energy group Equinor said on Monday it will start the process of divesting from its joint ventures in Russia amid Moscow’s invasion of Ukraine. Equinor is the second major European oil and gas producer, after energy major BP, to announce its exit from Russia as Western countries ramp up efforts to punish Russia with new sanctions. “In the current situation, we regard our position as untenable,” Equinor

Oil soars on Russia nuclear alert, bank sanctions impact-oil and gas 360

Oil soars on Russia nuclear alert, bank sanctions impact

February 28, 2022

Nasdaq MELBOURNE, Feb 28 – Oil prices jumped on Monday on escalating sanctions against Russia over its invasion of Ukraine, which in turn led President Vladimir Putin to put his country’s nuclear deterrent on high alert. Brent jumped back above $100 a barrel, initially surging more than $7, as the nuclear alert and bank payment constraints heightened fears that oil

West still reluctant to target Russian energy on economy fears-oil and gas

West still reluctant to target Russian energy on economy fears

February 28, 2022

World Oil (Bloomberg) — Global governments remain reluctant for now to sanction Russian energy, seeking to insulate the world economy from a greater shock even as they tighten the financial grip on the country following its invasion of Ukraine. While oil last week briefly passed $100 a barrel for the first time since 2014 and European natural gas prices jumped

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