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