Oil continues to achieve gains and jumps to 110 dollars

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. futures roseRaw brent 22 cents, bringing the price of a barrel to 110.36 dollars by midnight GMT.

It also boosted futures contracts forWest Texas Crude The broker gained 15 cents, eventually settling at $107.96 a barrel.

With these increases, the two benchmark crudes rose by more than $5 a barrel, yesterday, Wednesday, according to Archyde.com.

And she was European Commission She proposed, yesterday, Wednesday, through the words of its president Ursula von der Line European countries should gradually reduce imports of Russian oil within 6 months and refined products by the end of 2022, but the proposal needs unanimous support from the bloc’s countries to activate it.

The Commission also proposed a ban on all freight forwarding, brokerage, insurance and financing services provided by EU companies to transport Russian oil within a month.

However, European Union countries must find alternatives while energy prices rise, as they import about 3.5 million barrels of oil and oil products from Russia per day, as well as its dependence on Russian gas supplies.

And across a number of eastern countries European Union She expressed concern that the Russian oil embargo would not leave her enough time to adapt to the situation.

Market players are waiting for a conglomerate meeting "OPEC+"which includes the Organization of Petroleum Exporting Countries "OPEC" And its allies, including Russia, today, Thursday.

Four OPEC + envoys told Archyde.com that the group is expected to agree to increase production by 432,000 barrels per day in June, in compliance with plans to gradually increase monthly production.

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. futures roseRaw brent 22 cents, bringing the price of a barrel to 110.36 dollars by midnight GMT.

It also boosted futures contracts forWest Texas Crude The broker gained 15 cents, eventually settling at $107.96 a barrel.

With these increases, the two benchmark crudes rose by more than $5 a barrel, yesterday, Wednesday, according to Archyde.com.

And she was European Commission She proposed, yesterday, Wednesday, through the words of its president Ursula von der Line European countries should gradually reduce imports of Russian oil within 6 months and refined products by the end of 2022, but the proposal needs unanimous support from the bloc’s countries to activate it.

The Commission also proposed a ban on all freight forwarding, brokerage, insurance and financing services provided by EU companies to transport Russian oil within a month.

However, European Union countries must find alternatives while energy prices rise, as they import about 3.5 million barrels of oil and oil products from Russia per day, as well as its dependence on Russian gas supplies.

And across a number of eastern countries European Union She expressed concern that the Russian oil embargo would not leave her enough time to adapt to the situation.

Market players are waiting for a conglomerate meeting.OPEC+which includes the Organization of Petroleum Exporting CountriesOPECAnd its allies, including Russia, today, Thursday.

Four OPEC + envoys told Archyde.com that the group is expected to agree to increase production by 432,000 barrels per day in June, in compliance with plans to gradually increase monthly production.

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