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Poland has threatened to cut off oil exports to Germany's PCK Schwedt Refinery if it does not completely remove a Russian company as a shareholder. The PCK Schwedt Refinery in Germany's [.] ....
Rosneft: substitution of Russian oil at Schwedt refinery to lead to underutilization of capacity, rising fuel prices in Germany interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.
Oil retreated for a second week in the wake of plans for massive stockpile releases, a demand-sapping COVID-19 outbreak in China and a hawkish turn from the US Federal Reserve. Brent Crude for June delivery on Friday rose 2.19 percent to US$102.78 a barrel, but dropped 1.54 percent from a week earlier. West Texas Intermediate (WTI) for May delivery rose 2.32 percent to US$98.26 a barrel. It declined 1.02 percent this week, with the US benchmark giving back most of its gains since Russia invaded Ukraine on Feb. 24. <strong>MULTIPLE FACTORS</strong> Oil rallied to the highest level since 2008 after the conflict started, ....