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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
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
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Germany and Italy approved Russian gas payments after nod from Brussels
Germany and Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said.
read more... 24/05/2022
Daily (09.05.2022): European carbon prices soared to a new teen-week high on Friday amid robust buying
Crude oil prices increased on Friday as looming European Union sanctions on Russian oil raised the prospect of tighter supply, with traders dismissing concerns about global economic growth. Brent crude rose by $1.49, or 1.3%, to settle at $112.39 per barrel. U.S. WTI crude increased by $1.51, or 1.4%, to end at $109.77 a barrel.
read more... 09/05/2022
Brussels prepares to hit Russia with ‘smart sanctions’ on oil imports
The European Union is preparing “smart sanctions” against Russian oil imports, The Times reported on Monday (25 April), citing the European Commission’s executive vice-president, Valdis Dombrovskis.
read more... 26/04/2022