Tag: embargo
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EU leaders agree on partial embargo on Russian oil
[ad_1] Ukrainian demonstrators demand an embargo on Russian oil during a protest in front of EU institutions prior to an extraordinary meeting of EU leaders to discuss Ukraine, energy and food security at the Europa building in Brussels, Monday, May 30, 2022. European Union leaders will gather Monday in a fresh show of…
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EU Nations Yet to Break Stalemate Over Russian Oil Embargo
[ad_1] (Bloomberg) — European Union nations failed to agree on a deal Sunday on a revised package of sanctions over Moscow’s invasion of Ukraine ahead of a leaders’ summit in Brussels but talks will continue during the week. Hungary is so far refusing to back a compromise despite proposals aimed at ensuring its Russian oil…
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Crude Oil Shoots Higher as Germany Drops Opposition to Russian Embargo
[ad_1] By Geoffrey Smith Investing.com — Crude oil prices shot higher on Thursday as the German government reportedly dropped its opposition to an embargo on Russian oil, paving the way for a complete EU boycott of liquid fuels out of Russia. By 10:45 AM ET (1445 GMT), futures were up 1.4% at $103.48 a barrel,…
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Crude Oil Rises as Looming Embargo Worsens Russian Supply Picture
[ad_1] By Geoffrey Smith Investing.com — Crude oil prices rose again on Friday, as the market priced in increasingly severe disruptions to Russian supplies of crude and products due to western sanctions. By 10:40 AM ET (1440 GMT), futures were up 2.4% at $108.74 a barrel, while futures were up 2.4% at $109.85 a barrel. U.S.…
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Gold Glistens as Russia Oil Embargo Threat Roils Markets. Where to for XAU/USD?
[ad_1] GOLD, XAU/USD, Crude Oil, US Dollar, AUD, NZD, SEK, EUR/CHF, WHEAT – Talking Points Gold prices soared as hedges against uncertainty gained traction Commodities across the board are roaring while equities are sinking If the Ukraine war rages on, will that further boost XAU/USD? Gold made an 18-month high as markets reeled on Monday.…