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Daily (01.06.2022): Long-term British gas prices rose on Tuesday due to fears about reduced flows from Russia
Crude oil prices increased on Tuesday, boosted by European Union leaders' agreement to impose a 90% ban on Russian crude oil imports by the end of 2022. Consequently, Brent crude rose by 1% to $122.84 a barrel.
read more... 01/06/2022
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EU leaders downplay chances of rapid Russian gas ban
EU leaders on Tuesday (31 May) played down the prospects of getting a ban on Russian gas in a next round of sanctions, after struggling to secure a watered-down embargo on Moscow’s key oil exports.
read more... 01/06/2022
Bulgaria to get exemption from EU ban on Russian oil imports until end-2024
Bulgaria will receive as requested an exemption until end-2024 from a European Union embargo on imports of Russian crude oil, which is part of the sixth package of EU sanctions against Russia in response to the ongoing war in Ukraine, Bulgarian prime minister Kiril Petkov said on Tuesday.
read more... 01/06/2022
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Croatia ready to increase Adriatic oil pipeline capacity
Croatia is ready to increase the capacity of the Adriatic oil pipeline to supply Hungary and Slovakia with crude in case of any disruptions to imports from Russia via the Druzhba pipeline, Hungary's foreign minister said on Tuesday.
read more... 01/06/2022
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EU leaders back partial ban on Russian oil imports into the bloc
After several weeks of drawn-out negotiations mostly stalled by Hungary, EU leaders on Monday (30 May) struck a political compromise to ban seaborne imports of Russian oil by the end of the year, but fell short of a full embargo.
read more... 31/05/2022