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BP to stop new purchases of Russian oil and gas.

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BP and Shell, which also announced it would stop buying Russian oil, said, however, that they wouldn't be able to immediately disentangle themselves from the country due to long-term contracts and the difficulty of finding alternative supplies.

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The Kyiv Independent news desk

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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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