Shell oil

Energy giant Shell on Tuesday revealed that it will withdraw from Russian gas and oil and immediately discontinue purchases of its crude, citing the country’s ongoing invasion of Ukraine.

The company also apologised for buying a cargo of Russian oil last week, adding that it shouldn’t have happened and would never happen again.

‘Shell today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas in a phased manner, aligned with new (UK) government guidance,’ it said in a statement.

‘As an immediate first step, the company …