Shell Continues To Buy Crude Oil From Russia.
Europe’s largest oil company said on Saturday that it would most probably still continue to buy Russian crude oil to supply its customers and feed into its refineries with petrol and diesel, however, on the other hand, to put a band-aid on a gaping wound would donate any profits to a charity dedicated to “the people of Ukraine.”
According to https://fortune.com/2022/03/05/shell-says-it-bought-russian-oil-after-government-talks/ Shell reportedly on Friday bought a cargo of Urals crude oil from Trafigura Group, at a record discount to benchmark prices in a signal that major buyers will likely continue to make purchases of Russia’s energy products despite its increasingly deadly war against Ukraine.
If this is not helping to fuel the fire, I don’t know what is? and people should make the right decision to continue to use this brand.
Is there not enough oil in UAE?
Has UAE got enough oil or is it running out?
The United Arab Emirates has enough oil for the next 299 years and has proven reserves equivalent to 299.0 times its annual consumption. This means that, without Net Exports, there would be enough oil for the next 299 years (at current consumption levels and excluding unproven reserves).
Therefore the only reason why Shell would continue to do business with Russia is the price of the oil, where Russia’s oil is cheaper.
If all major corporations, government, and countries are turning their backs on Russia then this company should be no different.
“Any company that helps the Russian Economy is as bad as the Russian Dictator and they too have blood on their hands”.
Shell plc is a British publicly traded multinational oil and gas company headquartered at Shell Centre in London, United Kingdom. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE). It is one of the oil and gas “supermajors” and by revenue and profits is one of the largest companies in the world, ranking within the top 10 of the Fortune global 500 since 2000. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Citation Wikipedia.
Shells Key People.
I think any company that trades with Russia should be penalized by the government and anyone that knows of a company trading with Russia should stop buying from them its as simple as that.
If I am an itsy bitsy business that can sever all ties with Russia and take down my eCommerce platforms powered by “Ecwid Lightspeed” then everyone should do their part to help stop this w## and bring down the dictator and the Russian economy.
Shell released a statement on Saturday, saying it was a tough decision. “Yesterday we made the difficult decision to purchase a cargo of Russian crude oil,” Shell tweeted however it would abandon its involvement with the Nord Stream 2 pipeline, its stake in the company’s natural gas facility, and its venture with Gydan energy.
According to Shell the reason why they have decided to continue doing business in Russia was to not disrupt the market supply that if sourced elsewhere would have caused delays for the consumer. However, the consumer would have waited for delayed shortages and would have temporarily used an alternative supplier until Shell got back on its feet again.
“It is now down to the consumer if they wish to continue buying from ‘Shell’ or help end this senseless w## by finding an alternative supplier of auto fuel”.
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