BP is facing write-downs of $25 billion for its Russian exit and Shell of over $3 billion. French oil major TotalEnergies (TTEF.PA) said on Tuesday it would not renew its Russian gasoil and crude oil supply contracts for its German refinery, but would source gasoil from Saudi Arabia and crude via Poland instead. The firm, with stakes in several Russian projects, has come under criticism after it stopped short of joining rivals Shell and BP (BP.L) in planning to divest oil and gas assets in Russia. European sanctions…
Read MoreTotalEnergies Joins Rivals Shell, BP To Quit Russian Oil Supply Deals
