BP

Jio-bp introduces E20 blended petrol

Shell to cease its operations in Russia

Major conglomerate Shell has left their Russian operations with the ongoing Ukraine war. Other major renewable energy companies like BP and Equinor are to exit their Russian operations as well.

BP withdraws from Russia, incurring a loss of $25 billion

Political pressure is increasing on Western oil companies to withdraw from Russia. Experts predict a $25 billion loss for BP as a result of the sale of its Rosneft holding, while Brent prices have returned to around $105 levels.