Oil firms on tight supply though EU ban on Russian oil still uncertain

Summary by Ground News

Oil climbs on tight supply, though EU ban on Russian supply still uncertain. European Union wrangles with Hungary over plans to ban imports from Russia. A bigger-than-expected drawdown in US crude inventories in the week to May 20 buoyed the market on Wednesday. Even without a formal ban, much less Russian oil is available to the market.

1 month ago·New York, United States

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Reuters

Oil firms on tight supply though EU ban on Russian oil still uncertain

Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.

1 month ago·United Kingdom

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The Hindu

Oil climbs on tight supply, prospect of EU ban on Russian supply

‘All of the variables are pointing to further gains in oil prices going ahead’

1 month ago·India

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IBTimes

Oil firms on tight supply though EU ban on Russian oil still uncertain

"The focus in oil markets is on the EU summit taking place next week, at which another attempt will be made to agree on an EU-wide embargo on Russian oil,"

1 month ago·United States

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Channel News Asia

Oil firms on tight supply though EU ban on Russian oil still uncertain

MELBOURNE : Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.Brent crude futures for July settlement inch

1 month ago·Singapore

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Financial Post

Oil firms on tight supply though EU ban on Russian oil still uncertain

MELBOURNE -- Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine. Read More

1 month ago·Canada

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Arab News

Oil climbs on tight supply, prospect of EU ban on Russian crude

Author: Thu, 2022-05-26 17:55 LONDON: Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the EU wrangles with Hungary over plans to ban imports from Russia, the world’s second-largest crude exporter, after it invaded Ukraine, according to Reuters. Brent crude futures were up $1.60 cents, or 1.4 percent, to $115.63 a barrel at 1352 GMT. US West Texas Intermediate (WTI) crude futures climbed $2.33, o…

1 month ago·Riyadh, Saudi Arabia

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