OIL prices jumped again after EU leaders agreed a deal to block two-thirds of Russian oil imports to starve Vladimir Putin’s war machine of revenues.
A barrel of brent crude today hit $123 – it was around $121 yesterday. Shares in BP rose 7p to 441p, Shell was up 46p to 2420p – its shares have gained 75% in the past year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices surge as EU meets to discuss Russian energy banThe jump suggests traders expect a deal to be reached this week on oil imports.
Read more »
Oil prices hit two-month high as EU eyes Russian ban – business liveLive rolling coverage of business, economics and financial markets as Europe pushes for embargo ahead of summit
Read more »
Ukraine war: Oil prices surge as EU meets to discuss Russian energy banEuropean Commission President Ursula von der Leyen told the European Parliament earlier this month the time had come for the bloc to ban Russian oil supplies within six months and refined products by the end of the year.
Read more »
Viktor Orban blasts ‘irresponsible’ EU leaders over Russian oil embargo planHungary’s prime minister Viktor Orban has warned the prospects of Europe agreeing a ban on Russian oil exports are “not looking good”.
Read more »
Ukraine war: EU agrees ban on three-quarters of Russian oil importsThe embargo covers Russian oil brought in by sea - but has a temporary exception for imports delivered by pipeline to appease Hungary and other countries concerned about the economic impact of a full ban.
Read more »
EU leaders agree plan to block more than two-thirds of Russian oil importsEuropean Union leaders have agreed a compromise deal to ban more than two-thirds of Russian oil following weeks of wrangling over a new sanctions package.
Read more »