Shell Share Deeper: Shell restricts trade with fuel oil and diesel to German major customers - withdrawal from Russia business
The oil company Shell has limited the sale of fuel oil, diesel and other products for the time being for the time being due to the tense market situation. © Provided by finanzen.net Philippe Huguen / AFP / Getty Images This is from a letter from Shell Germany from Monday to the German Press Agency. As a reason, it is called "massive distortions and shortages on the energy markets" as a result of the outbreak in Ukraine, the following sanctions and economic recovery after the pandemieblue.
The SHELL oil company has limited the sale of fuel oil, diesel and other products for the time being for the time being due to the tense market situation. © Provided by Finanzen.net Kazuhiro Nogi / AFP / GettyImages
This is from a letter from Shell Germany from Monday, which is the German Press Agency. As a reason, it is called "massive distortions and shortages on the energy markets" as a result of the outbreak in Ukraine, the following sanctions and economic recovery after the pandemieblue. First, the "Handelsblatt" had reported about it.
In order to continue to be able to meet contractually promised obligations, controls one of the so-called spot sale - ie the current sale of oil , diesel and other products without prior arrangements. You use all levers in motion, "the supply chains in the best possible stabilize", but it is difficult to foreseeable how the situation developed, it said. A spokeswoman of the company did not want to comment on the development on request.
Report: Government examines Bosch because of parts in Russian military vehicles
The Federal Government examines a media report according to possible violations of the Technology Group Bosch against a Russia export ban. The company has already initiated exams. © Picture-Alliance / DPA / s. Kahnert Provided by Deutsche Wave The Federal Office for Economics and Export Control (BAFA) Prepare a procedure, reported the magazine Mirror on Friday.
Shell does not want to buy Russian petroleum and gas more
Video: Shell draws from Russia business (Glomex)
The SHELL oil company will not want to buy oil and gas from Russia in the future. You want to stop with immediate effect, Russian petroleum on the spot market, so at short notice, to buy and not renew existing contracts, the Group, based in London, announced on Tuesday. In addition, all petrol stations should be closed in Russia and other business activities are placed there, this process is to be initiated directly.
In addition, Shell wants to remove Russian petroleum from its own supply chains in coordination with involved governments "as soon as possible", but this will take several weeks according to the company and lead to bottlenecks in some refineries. The business with Russian pipeline gas as well as LPG should be returned piece by piece. However, one instructed to cooperate with governments and energy suppliers, Stressed Shell.
"These social challenges show the dilemma to put pressure on the Russian government because of their atrocities in Ukraine and at the same time ensuring a stable, safe energy supply in Europe," said shell boss Ben van Beurden according to a message. In it, the Group apologized to have recovered a freight oil from Russia last week after the outbreak of the war. One wanted to give the profits from this humanitarian purposes, it was said.
Shell shares in London temporarily record 0.34 percent higher at 19.88 GBP. (DPA-AFX / Dow Jones Newswires)
after forced breaks: VW diesel process continues after Easter .
After a renewed forced break, the sluggish ongoing diesel criminal proceedings against four previous executives of Volkswagen will be continued after Easter. © Julian Stratenschulte / DPA The VW diesel process is previously progressing. For Tuesday further witnesses were planned, a spokeswoman of the Landgericht Braunschweig on request with. Most recently, the fraud, from which many enlightenment for "Dieselgate" promised at VW, was stalling again and again.