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WAR ON WORLD AND FUNNY SANCTIONS AGAINST ONE: Western "Anti Russian" sanctions undermine itself withing just days(NOT EVEN ONE WEEK) as after British ROYAL BY BUCKINGHAM PALACE OWNED Shell which just bought oil, a Pakistan commits itself to major agreement with Russia on the import of natural gas and wheat(2 million metric tons)
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Shell Says It Bought Russian Oil After Government Talks
- Company will divert Russia profits to humanitarian fund
- Urals deal shows lack of Russia alternatives for energy buyers
After taking a barrage of criticism for buying a cargo of Russian crude, Europe’s largest oil company Shell Plc says it’s navigating the market with government guidance.
“We will continue to choose alternatives to Russian oil wherever possible, but this cannot happen overnight because of how significant Russia is to global supply,” Shell said in a statement on Saturday. “We have been in intense talks with governments and continue to follow their guidance around this issue of security of supply.”
Shell, which is based in London, didn’t specify which governments it had been speaking to. An official at the U.K.’s Department for Business, Energy & Industrial Strategy declined to comment.
Shell bought a cargo of Urals crude oil from Trafigura Group on Friday, at a record discount to benchmark prices in a signal that major buyers will likely continue to make purchases of Russia’s energy products despite its increasingly deadly war against Ukraine.
The deal also underlined the stark situation facing European and world energy buyers. They need to work out how to deal with the potential loss of one of the market’s top suppliers, as a raft self-sanctioning effectively removes Russian product as an option.
The purchase sparked intense criticism; Ukraine’s Minister for Foreign Affairs Dmytro Kuleba took to Twitter to ask the company whether Russian oil smelt like “Ukrainian blood for you?”
For its part Shell, which moved to divest its stake in the Sakhalin-2 LNG project soon after Russia invaded Ukraine, has said it will donate profits from its Russian business to humanitarian aid agencies.
“Without an uninterrupted supply of crude oil to refineries, the energy industry cannot assure continued provision of essential products to people across Europe over the weeks ahead,” it said. “Cargoes from alternative sources would not have arrived in time to avoid disruptions to market supply.”
2022 Russian War on Ukraine WITH TOTAL assistance and in COMPLETE agreement with West https://ausertimes.blogspot.com/2022/02/2022-russian-war-on-ukraine-total.html - how it all started and where world is heading
Petrofac, Gazprom enter partnership
Oil Price Surge: Petrol prices soar as Brits fear ‘eye-watering’ energy bills
GAS and Oil prices in the UK reached another high as Russia's escalating invasion of Ukraine continues to cause turmoil in the energy markets.
The average cost of a litre of petrol at UK forecourts was at a fresh high of 151.67p on Tuesday, up from 151.16p on Monday, according to the data firm Experian Catalyst.
The average cost of a litre of diesel is also at a record high, reaching 155.23p.
As the prices continue to soar, searches for ‘can’t afford energy’ exploded to the highest point in history as customers face skyrocketing bills.
Analysis of Google search data reveals that searches for ‘can’t afford energy’ exploded 2300 percent from February 2022 - the highest level in internet history.
In February, Ofgem announced its energy price cap increase of £693, meaning the UK will see bill increases of 50 percent from April 2022.
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The analysis, by energy experts Boiler Central, reveals that searches for ‘can’t afford energy’ exploded to over 20 times the average volume within the past month, an unprecedented increase in people searching for ‘can’t afford energy’, according to Google search data analysis.
The data also reveals that searches for ‘help with energy’ and ‘energy bill help’ skyrocketed 1000 percent and 2300 percent respectively in February.
Myles Robinson, energy expert at Boiler Central said: “The UK has already dealt with eye-watering bills over the past few months due to inflation and the soaring costs of wholesale oil.
“Now, we’re having to face the stark reality of the energy price cap increase in April, with many customers receiving messages from their energy companies informing them of how much extra they will pay – for some, this amounts to hundreds of pounds more than their original bills.
“While the government is offering an ‘energy bill rebate’ where energy customers will have £200 knocked off their bills, this functions as more of a ‘loan’ or a ‘buy now pay later scheme’, according to Money Saving Expert Martin Lewis, as families will have to repay the loan eventually.
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“Many households in the UK are balancing their budgets on a knife-edge and having to pay even a few pounds – let alone hundreds of pounds - extra could knock them into debt and poverty.
“Some energy suppliers do offer hardship funds, where customers can get up to £750 off your energy bills if they are living in fuel poverty, so if you are struggling, it’s worth checking if your supplier offers this”
Russia is the world’s third-biggest oil producer behind the US and Saudi Arabia and it typically exports about 5m barrels b/d of crude oil and around 2.7m b/d of products such as diesel.
It sends 2.5m to 2.6m b/d of crude oil to Europe either via pipelines or tankers, and sells 2m b/d of oil products in Europe, the US, and Canada.
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