Saving oil in a hurry – an IEA guide
Shell halts spot Russian oil buying
Russia’s oil exports stuck at sea
Biden warns gasoline prices to rise
U.S. shale firms can’t boost output
U.S./Russia oil trade and sanctions
Europe must cut energy use ($BBG)
U.S. urges more shale output ($FT)
Qatar mediates U.S./Iran talks ($FT)
U.S./Venezuela talks to relax sanctions
U.S./Venezuela prisoner release ($FT)
LNG growth shifts from Asia to Europe
LME nickel contract fails and halted
Nickel hit by settlement fail ($BBG)
Russia to keep leased aircraft ($BBG)
U.S. IMPORTS of petroleum from Russia averaged 0.67 million b/d in 2021, mostly in the form of semi-processed oils from Russian refineries imported for further processing (0.35 million b/d) and crude petroleum (0.20 million b/d), with a small volume of finished products (0.12 million b/d). Replacing these items with oil sourced from other countries should be relatively straightforward given the small volumes involved. These items account for a modest share of Russia’s total exports and a small share of U.S. total imports. Banning U.S. oil imports from Russia is therefore primarily symbolic:
JKempEnergy.com 