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2014-05-01 18:58:00

SHELL & RUSSIA: WON'T JUMP

SHELL & RUSSIA: WON'T JUMP

Oil majors are beginning to grow cool on new projects in Russia as U.S. and EU sanctions over Moscow's actions in Ukraine make investment increasingly risky and after the Kremlin's threat to review the West's role in Russia's energy industry, the world's largest.

"I don't think we will be jumping into new investments in the short term," Royal Dutch Shell's chief financial officer Simon Henry told a conference call on Wednesday.

The United States and the European Union imposed more sanctions on Russia this week as part of their drive to put pressure on Moscow for the annexation of Crimea and what they see as…

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Tags: SHELL, RUSSIA, BP, ROSNEFT, GAZPROM, TOTAL
Chronicle:
SHELL RUSSIA: WON'T JUMP
2020, April, 6, 14:00:00
WORLDWIDE RIG COUNT DOWN 161 TO 1,964
The worldwide rig count for February 2020 was 2,125, up 52 from the 2,073 counted in January 2020, and down 181 from the 2,306 counted in February 2019.
SHELL RUSSIA: WON'T JUMP
2020, April, 6, 13:55:00
U.S. RIGS DOWN 64 TO 664
U.S. Rig Count is down 64 rigs from last week to 664, Canada Rig Count is down 13 rigs from last week to 41
SHELL RUSSIA: WON'T JUMP
2020, April, 3, 12:20:00
OIL PRICE: NEAR $31
Brent gained 3.64% to $31.03, WTI fell 0.83% to $25.11.
SHELL RUSSIA: WON'T JUMP
2020, April, 3, 12:15:00
OPEC+ DISCUSSES REDUCTION
The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day
SHELL RUSSIA: WON'T JUMP
2020, April, 3, 12:10:00
#OilPriceWar: SAUDI ARABIA CALLS OPEC+
"It's impossible to take measures to reduce OPEC+ production by 20 million b/d, this is probably half of all countries' total production," Novak said
SHELL RUSSIA: WON'T JUMP
2020, April, 3, 12:05:00
#OilPriceWar: OPEC+ NOT ENOUGH
Russian energy minister Alexander Novak said a coordinated OPEC+ production cut would not be enough to compensate for the fall in demand caused by the coronavirus pandemic, which he said could reach 20 million b/d.
SHELL RUSSIA: WON'T JUMP
2020, April, 3, 12:00:00
#OilPriceWar: RUSSIA'S OIL PRICE $20
Urals crude, Russia’s export blend, is now trading firmly below $20 a barrel, a level which could equate to a budget deficit of 2% of gross domestic product this year,
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