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Vladimir Putin has 'weaponized' energy and Europe may be forced to ration supplies this winter, warns Shell CEO

Ben van Beurden predicted "significantly" higher natural gas prices this winter if the Russian pres…

Beatrice Nolan   


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Energy giant Shell says the world doesn't have systems to trace Russian oil refined overseas. This could undermine sanctions.

Shell chief executive Ben van Beurden said once Russian oil has been refined elsewhere, it's imposs…

Huileng Tan   


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Europe may have to ration energy as Vladimir Putin is able and willing to weaponize supplies, Shell CEO says

"I think we will be facing a really tough winter in Europe," said Shell CEO Ben van Beurden.

Brian Evans   


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Europe may be forced to ration energy for years and it's a 'fantasy' to think it will be easy, Shell CEO says

The worsening energy crisis may result in "a number of winters" where rationing and finding alterna…

Phil Rosen   


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2 mins read

Europe is loading up on Russian oil 3 months before an import ban is set to kick in amid EU's energy crisis

The EU is banning most Russian crude-oil imports from December 5 as part of sanctions against Mosco…

Huileng Tan   


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Shell announces plan to exit Russian oil and gas industry and apologizes for recent purchase of Russian crude oil

Shell's CEO apologized for buying Russian oil and back-tracked on the company's previous position o…

Kate Duffy   


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Big Oil continues its retreat from Russia as Shell condemns Putin's 'senseless act of military aggression'

Shell will exit its joint ventures with Russian energy firm Gazprom. It will also pull out of the N…

Huileng Tan   


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Saudi Arabia is charging Asian buyers near-record prices for oil as demand soars and supply remains pressured

Prices for one of the world's largest oil producers have skyrocketed, struggling to meet demand ami…

Jennifer Sor   


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Oil prices will stay high as production constraints keep supplies tight, top CEOs say

"There is more upside than downside when it comes to the oil price," Shell Chief Executive Ben van …

Jennifer Sor   


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Elon Musk says the world still needs to use oil and gas or 'civilization will crumble'

CEO of the world's biggest electric car maker told a conference there should be more drilling in th…

Ryan Hogg   


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2 mins read

It's a matter of 'when and not if' Europe gets hit by power crunch as Russia chokes off energy supplies, Rystad Energy says

Europe is going to be underprepared for the chaos it will face this winter as alternative options t…

Zahra Tayeb   


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3 mins read

Biden is threatening a windfall tax on energy companies, after he slammed them for 'war profiteering'

Biden criticized major oil companies for making record-setting profits, while not boosting producti…

Huileng Tan   


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3 mins read

Biden is threatening a windfall tax on energy companies, after he slammed them for 'war profiteering'

Biden criticized major oil companies for making record-setting profits, while not boosting producti…

Huileng Tan   


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2 mins read

Shell considers selling assets in the largest US oil field, Reuters reports, highlighting pressure to focus on low-carbon investments

Shareholders and activists have pressured the largest oil companies, including Royal Dutch Shell, t…

Rebecca Ungarino   


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4 mins read

One of the world's biggest oil companies plans to cut up to 10% of its workforce. Here are the jobs most at risk.

Mid-level managers could be at risk, as well as workers in parts of the company that Shell is plann…

Benji Jones   


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3 mins read

Stocks may have hit bottom - here's why a market surge could come next.

The biggest story in markets today is a potential rally in stocks after one analyst said indexes ma…

Phil Rosen   


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2 mins read

Shell CEO calls for 2040 ban on new petrol car sales to be bought forward

In response, Shell and others are buying electric car charging infrastructure, with BP last week bu…

Michael Selby-Green,Michael S…   


Hamza Fareed Malik   


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Here's the list of the top Indian CEOs featured in CEOWORLD global rankings

The top ranking went to Walmart CEO Douglas McMillon. He is followed by Royal Dutch Shell’s Be…

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2 mins read

Shell slumps to an $18 billion loss as it takes huge asset write-downs amid low oil prices and slumping demand

Shell's gloomy forecast follows its decision to cut its dividend the first time since World War II,…

Saloni Sardana