SHEL - Energy weekend roundup - sanctions policy OPEC+ asset exposure

Russia/Ukraine news dominated weekend headlines, as diplomacy moved forward, financial sanctions accelerated and violence continued in Ukraine. Many of the geopolitical updates will move commodity markets, and come in concert with energy-related policy statements. OPEC+ rumors swirled, as France's Macron spoke with Saudi, and Iran returned to Vienna to discuss a draft nuclear accord. BP's (NYSE:BP) plan to divest the Company's Rosneft (OTCPK:RNFTF) holdings, announced Sunday, could impact a number of peers with direct exposure to Russian hydrocarbon production. Over the weekend, the US and other Western governments announced that select Russian banks would be removed from the SWIFT payments system. It was further announced that sanctions targeting Russia's central bank would be imposed. In a press call, the White House indicated that energy-related payments would not be impacted by the new sanctions. However, commodity traders said flows of Russian commodities to the West will be severely disrupted or totally halted for

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Energy weekend roundup - sanctions, policy, OPEC+, asset exposure