[1] 🚨THREAD🚨 According to @NesteGlobal, Russian Urals crude oil continues to crater in price compared to the Brent crude benchmark. Trading at -$5.65 per barrel on 5 day average.
What does this mean? And how can corporate responsibility urgently support Ukraine? Please read👇
What does this mean? And how can corporate responsibility urgently support Ukraine? Please read👇
[2] Energy traders still assess sanctions & reputational risk of importing Russian oil, & are avoiding oil tanker calls at Baltic & Black Sea Russian ports due to security & sanctions risk.
Turkish owned ship was struck by a shell in Black Sea today.
maritime-executive.com/article/turkis…
Turkish owned ship was struck by a shell in Black Sea today.
maritime-executive.com/article/turkis…
[3] This has led Russian Urals oil price per barrel to hit “lowest ever level relative to Brent” at -$11.23 per barrel as of a few hours ago according to S&P Global Platts:
spglobal.com/platts/en/mark…
spglobal.com/platts/en/mark…
[4] Even if sanctions on Russia’s state owned oil sector haven’t yet been deployed by Transatlantic community and global partners, the private sector holding off from importing these volumes can help ensure Putin regime can’t cash in from current higher oil prices as it waged war
[5] Therefore we should appeal global energy firms to not import Russian oil in spite of the discount for as long as possible to demonstrate corporate responsibility, deprive Putin of profits, & support Ukraine in the face of Russia’s illegal war of aggression. #StandWithUkraine
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