Don’t expect fuel prices to come down anytime soon

The EU deal means crude’s upward march is set to continue apace – as member states scour the globe for alternative sources of oil.

The ban of Russian imports of crude and petroleum products will effectively kill three-quarters of prewar Russian oil exports to Europe immediately, and 90 per cent by the end of the year, according to EU council president Charles Michel — The ban of Russian imports of crude and petroleum products will effectively kill three-quarters of prewar Russian oil exports to Europe immediately, and 90 per cent by the end of the year, according to EU council president Charles MichelFoto: Francois Lenoir/Reuters/NTB

Derek Brower (FT)
Myles McCormick (FT)
Amanda Chu (FT)
Justin Jacobs (FT)

Publisert 2. June 2022, kl. 15.27Oppdatert 2. June 2022, kl. 15.27

Financial Times Olje Solenergi Krigen i Ukraina Russland