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EU embargo on Russian oil: 27 negotiate key pipeline exemption for Hungary

The 27-member delegation yesterday considered a new proposal, which provides for the temporary exemption of a key oil pipeline for Hungary from the European Union's progressive embargo on Russian oil, in order to lift the blockade...

R. Habeck: European unity on Russian sanctions ‘begins to collapse’

German Economy Minister Robert Habeck on Sunday expressed fears that European Union unity was "beginning to crumble" ahead of a summit to discuss the oil embargo against Russia and plans to reduce dependence on Russian energy,...

Oil: Rally 6% per brent per week, at + 1.5% US crude

Oil prices closed higher on Friday, supported by the prospect of a European embargo on Russian oil and the upcoming US summer travel season. "The momentum for oil is steadily rising, while many factors are talking about...

Oil: At a high of over 2 months with strong earnings per week

Oil prices continued to gain on Friday, with US crude closing at 11-week highs and Brent at about two-month highs, with prices finding support for a European embargo on Russian oil and the upcoming US summer...

Iran: We will take punitive measures against Greece for US seizure of Iranian oil

Iran has decided to take "punitive measures" against Greece over the US seizure of Iranian oil off the coast of Greece, according to the semi-official Iranian news agency Nour News. The agency, which has ties to Iran's...

Russian oil shipments to China and India are at an all-time high

Record amounts of Russian crude are found in tankers bound for India and China, as other countries restrict imports due to the war in Ukraine, according to Bloomberg. In particular, 74 to 79 million barrels of Russian...