Crude Oil Market

05.06 Embargo is On

EU supported the embargo on Russian crude. As often happens the price wavered and even declined at first which is always counterintutive....

28.05 EU is negotiating a deal on Russian oil embargo

According to Bloomberg EU is leaning towards exempting pipeline deliveries from embargo to bring Hungary on board plus Hungary would not...

22/05 Crude oil. Hungary is seeking a compromise with EU over Russian oil embargo.

It is very strange that the news about Hungary changing its position do not make headlines in the western media outlets. Apparently,...