Closer Look: US Imports of Russian Oil
RED President Steve Hendrickson examines the U.S. imports of Russian crude and petroleum products plus the likelihood of losing those volumes.
Pressure Grows on Biden to Ban US Imports of Russian Oil
House of Representatives Speaker Nancy Pelosi also said she supports a ban. “I’m all for that,” she told reporters. “Ban the oil coming from Russia.”
Top Oil Service Firms Could Easily Replace Lost Russian Business
Schlumberger, the top oilfield service firm by revenue, gets between 5% and 6% of its revenue from Russia, says Richard Spears, vice president of consultants Spears & Associates.
Exxon Mobil CFO Puts Cost of Exiting Russia at 1-2% of Output, Earnings
Exxon Mobil, however, could still double its pre-pandemic earnings and cash flow by 2027 through new cost cuts and an ongoing reshuffling of its oil and gas properties, says CFO Kathryn Mikells.
US Hits Russian Oil Refining Sector, Slaps Export Curbs on Belarus
Oil marched relentlessly higher beyond $110/bbl on March 2, responding to a flood of divestment from Russian oil assets by major companies and expectations that the market will remain short of supply for months to come.
Exxon Mobil to Exit Russia, Leaving $4 Billion in Assets in Doubt
Exxon Mobil, which has been developing its Russian oil and gas fields since 1995, had come under pressure to cut its ties with Russia over Moscow’s invasion of Ukraine.
Chevron CEO Points to ‘Difficult Decisions’ by Competitors to Leave Russia
Chevron CEO Michael Wirth also stressed the importance for world oil supply of the Caspian pipeline consortium, operator of an oil line that moves crude from Russia and Kazakhstan and in which Chevron holds a 15% interest.
US Vows to End ‘Weaponization’ of Russian Oil with Strategic Reserve Release
“We are prepared to use every tool available to us to limit disruption to global energy supply as a result of [Russian] President [Vladimir] Putin’s actions,” White House spokeswoman Jen Psaki said in a statement.
Exxon Mobil Begins Removing US Employees from Russian Operations
Exxon Mobil, which has been developing its Russian oil and gas fields since 1995, has come under pressure to cut its ties with Russia over the country’s invasion of Ukraine.
Canada to Ban Russian Oil Imports in Response to Ukraine Invasion
The Russian oil ban applies only to crude for now, but the Canadian government is looking at oil derivative products next, a government source said.