Russia’s Gazprom exits German business amid crisis in energy ties

Model of petrol pump is seen in front of Gazprom logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 1 (Reuters) – Russia’s Gazprom (GAZP.MM) said on Friday it was quitting its business in Germany at a moment of crisis in the vital … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

Union workers at Chevron refinery prepare for strike on Monday

Chevron Corp’s refinery is shown in Richmond, California August 7, 2012. REUTERS/Robert Galbraith Register now for FREE unlimited access to Reuters.com Register March 20 (Reuters) – The union representing workers at a Chevron oil refinery in Richmond, California, has told its members to prepare for a strike shortly after 12 am on Monday barring agreement … Read more

Halliburton, Schlumberger draw back from Russia amid US energy sanctions

Halliburton’s booth is seen at the World Petroleum Congress, in Houston, Texas, US December 6, 2021. REUTERS/Sabrina Valle Register now for FREE unlimited access to Reuters.com Register March 18 (Reuters) – US oilfield services companies Halliburton Co (HAL.N)and Schlumberger said on Friday they havesuspended or halted Russia operations in response to US sanctions over Moscow’s … Read more

Debt deadline and central bank hikes loom in Russia

A man walks out of a currency exchange office in Saint Petersburg, Russia January 26, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Reuters.com Register LONDON, March 11 (Reuters) – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency … Read more

Oil falls to $125 on speculation US Russia oil ban won’t worsen supply shock

Russia again promises to let Ukrainians flee seats US bans Russian oil imports, UK to phase them out IEA chief says agency could release more oil from stocks Iran’s chief nuclear talks negotiator returns to Vienna US inventory report shows crude stocks rising LONDON, March 9 (Reuters) – Oil fell to around $125 a barrel … Read more

Brazil government appoints Rodolfo Landim to chair Petrobras board

The Petrobras logo is seen in front of the company’s headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker Register now for FREE unlimited access to Reuters.com Register HOUSTON, March 5 (Reuters) – Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing … Read more

Nike, IKEA close Russian stores as sanctions, trade restrictions bite

March 3 (Reuters) – Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and supply constraints added to political pressure for companies to stop business in Russia because of its invasion of Ukraine. French bank Societe Generale (SOGN.PA) said it was working to cut its risks … Read more

Boeing, Exxon, Apple join Western firms spurning Russia over Ukraine

Ford suspends operations in Russia Apple stops iPhone sales in Russian market ESG investors press Western firms to act March 2 (Reuters) – Boeing (BA.N) suspended maintenance and technical support for Russian airlines and US energy firm Exxon Mobil (XOM.N) said it would exit Russia, joining a growing list of Western companies spurning Moscow over … Read more