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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
Hungary holds out for total Russian oil ban exemption as EU leaders meet
Hungarian Prime Minister Viktor Orban said May 30 he wants a complete exemption from the European Union's plans to ban Russian oil imports as EU leaders gathered to discuss a new proposal to win the support of the landlocked member state.
read more... 31/05/2022
Poland could build second unit to receive LNG amid Czech, Slovak interest
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said.
read more... 31/05/2022
Daily (31.05.2022): Oil prices hit two-month high on Monday amid easing restrictions in China, EU meeting
Crude oil prices extended gains, hitting two-month highs on Monday amid loosening COVID-19 restrictions in China and expectations that the European Union will eventually reach an agreement to ban Russian oil imports. Hence, Brent crude rose by $2.24, or 1.9%, to settle at $121.67 a barrel. U.S. WTI crude futures added 1.7%, to $116.86 a barrel.
read more... 31/05/2022
Daily (30.05.2022): NBP spot surged by 61% on Friday due to lower temperatures and strong demand
Crude prices have risen as the EU considers oil sanctions on Russia. Hopes that China may relax Covid-19 restrictions also lent support to prices. As a result, the price of Brent crude rose by 1.7% to $119.43 a barrel on Friday.
read more... 30/05/2022