All four companies have major operations in the country.
“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel — despite being made with security of supplies at the forefront of our thinking — was not right, and we are sorry,” said CEO Ben van Beurden.
Nickel prices soared when China’s Tsingshan Holding Group, one of the world’s top nickel and stainless steel producers, bought large amounts of nickel to reduce its bets that prices would fall, three sources familiar with the matter said.Prices of other metals used in car production, from aluminium in bodywork to palladium in catalytic converters, have also soared, and industry supply chains have been broken.
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