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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
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 (27.05.2022): Oil prices hit a two-month high on Thursday amid signs of tight supplies ahead summer
Crude oil prices soared to hit their highest levels in two months on Thursday after official US data showed the nation’s crude inventories eased for the second consecutive week, suggesting further tightness in the global market. The European Union’s disagreement with Hungary's plan to ban crude oil imports from Russia because of its invasion of Ukraine added further bullish pressure. Hence, Brent crude for July delivery surged by 3.0%, to settle at $117.40 per barrel. Meanwhile, US WTI crude increased by 3.4%, to close at $114.09 per barrel.
read more... 27/05/2022
(Daily 17.05.2022): Oil and gas on an upward trend
Continued concerns over a potential EU ban on Russian petroleum exports lent support to crude prices. Thus, Brent crude increased by 2.4% to $114.24 a barrel on Monday.
read more... 17/05/2022
(Daily 16.05.2022): NBP spot price rose by around 33% due to weaker LNG send-out
Concerns over a potential EU ban on Russian petroleum exports lent support to crude prices. Thus, Brent crude increased by 3.8% to $111.55 a barrel on Friday.
read more... 16/05/2022