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Oil, shipping markets look to navigate sanctions, conflict

This post was originally published on this siteOil companies, refiners, shippers and traders are all weighing their involvement and exposure to Russia after financial sanctions were imposed in response to the invasion of Ukraine. Dated Brent was assessed by S&P Global Platts at $103.20/b, up $3.70, while American GulfCoast Select was assessed at $97.75/b, up

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Indian Oil removes Russian, Kazakh crudes from tenders on sanctions, insurance risks

This post was originally published on this siteIndian Oil Corp. has asked its crude suppliers to stop offering Russian and Kazakh crudes to avoid any payment and insurance risks caused by international sanctions on Russia after its military invasion of Ukraine, company officials told S&P Global Platts. “This has been communicated to the traders taking

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EU ministers back Ukraine grid synchronization, support reverse gas flows

This post was originally published on this siteEU ministers broadly support an emergency request by Ukraine to synchronize its high voltage power grid with the Entso-e European network, EU Energy Commissioner Kadri Simson said Feb. 28. The task was “technically challenging but doable,” Simson said after an EU energy council emergency meeting in Brussels. “This

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