EU ban on Russian seaborne oil to intensify shifts in trade flows
May 31, 2022 Comments Off
The EU has agreed to ban Russian oil imports by sea, amounting to more than two-thirds of Russian crude deliveries to the bloc, in a move expected to further reshape global energy flows and add to price pressures as buyers seek alternative supplies. Brent crude futures for August were up by 1.6%, or $1.92/b, at $119.51/b in mid-morning European trade…
EU ban on Russian seaborne oil to intensify shifts in trade flows
The EU has agreed to ban Russian oil imports by sea, amounting to more than two-thirds of Russian crude deliveries to the bloc, in a move expected to further reshape global energy flows and add to price pressures as buyers seek alternative supplies. Brent crude futures for August were up by 1.6%, or $1.92/b, at $119.51/b in mid-morning European trade…
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