Oil prices surge as US bans Russian energy imports | Malay Mail

NEW YORK, March 9 — Crude oil prices surged yesterday as the United States banned Russian energy imports, while nickel prices rocketed to a record peak on Russian supply fears.

Meanwhile, Moscow warned earlier that in retaliation for sanctions imposed on it for the invasion, it could cut off natural gas supplies to Europe via the Nord Stream 1 pipeline. On Wall Street, the Dow Jones Industrial Average fell 0.6 per cent, closing near its lowest point in a year. Gregori Volokhine of Meeschaert Financial Services warned of the potential for “collateral damage” from the price spike.

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Shell says to stop Russian oil purchases | Malay MailLONDON, March 8 — Energy giant Shell said Tuesday it would withdraw from its involvement in Russian gas and oil, including an immediate stop to purchases of crude from the country. The UK-based company also issued an apology for buying a cargo of Russian crude oil last week and said it would shut...
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