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EU ban on Russian oil products could be counterproductive for energy markets: Experts

EU ban on Russian oil products could be counterproductive for energy markets: Experts
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BBCNEWS BBC News June 4, 2024 09:46:00

poverty. they have stepped in to care for someone else s child. let s return to the news that the energy giant shell has announced record profits of £32.2 billion for 2022, more than double the amount it made the previous year. the results were boosted by a surge in oil and gas prices caused by russia s invasion of ukraine. i m joined now by dr carole nakhle, energy economist and chief executive of crystol energy. thank you very much forjoining us today. your thoughts, personable, and the numbers here, massive numbers from shell, put those into context waters. the numbers from shell, put those into context waters. numbers from shell, put those into context waters. the numbers did not come as a surprise, context waters. the numbers did not come as a surprise, they context waters. the numbers did not come as a surprise, they were - come as a surprise, they were expected, betterthan come as a surprise, they were expected, better than expected, even what we went through a share, b

BBCNEWS BBC News June 4, 2024 11:12:00

we should backdate the windfall tax to when the government ought to have done it, not when they actually did it. and by doing so, we could get real help to families who are struggling now. the energy industry economist dr carole nakhle says the windfall taxes are controversial for the energy companies. windfall taxes are pretty controversial because we already saw such taxes implement last year, and the oil industry is already paying higher taxes than other sectors in the uk and many other producing countries. we have to understand the purpose of taxes, not only imposed to capture the profits companies make, because we need to keep some profits for the companies so that they can sustain their business, but also more importantly to invest. those windfall taxes that are imposed usually come with some incentives to invest in certain areas, so in the uk you have higher windfall tax, like we saw in previous years,

Industry leaders line up for International Energy Week

Top leaders and influencers from across and beyond the global energy sector will convene next month to discuss the big challenges - the climate emergency, energy security and volatile prices - facing the sector and consumers.

What is LNG and why has it become so important? | Hellenic Shipping News Worldwide

What is LNG and why has it become so important? | Hellenic Shipping News Worldwide
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