RIYADH: Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world’s top oil importer, outweighed fears of potential supply disruptions from a looming EU ban on Russian crude. Brent crude futures fell $1.21, or 1.1 percent, to $105.93 a barrel at 0205 GMT, while US West Texas Intermediate crude futures fell 99 cents,
Germany would weather Russian oil ban despite shortages hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
The EU is set to offer Hungary and Slovakia an exemption from the oil embargo so they lose the power of veto over the latest round of sanctions, said to be the harshest imposed on Russia yet.
The main challenge for the country is to find alternative oil deliveries to a refinery in Schwedt operated by Rosneft company, which supplies its eastern regions and Berlin metropolitan area
By Joseph Nasr and Christian Kraemer BERLIN (Reuters) - Germany would be able to weather an EU embargo on Russian oil imports by the end of this year .