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BBCNEWS World Business Report July 7, 2024



can the eu agree on a ban on russian oil? it s not looking hopeful. eu leaders meet again to see what might be done. resistance, notably from hungary, has held up the eu s troubled sixth lot of sanctions. 0ther landlocked countries, such as slovakia and the czech republic, have also asked for more time, due to their dependence on russian oil. bulgaria, already cut off from russian gas by gazprom, has likewise asked for opt outs. but prime minister viktor 0rban s hungarian government, which has compared an oil ban to dropping a nuclear bomb on its economy, is seen as the ultimate obstacle. he wrote to the european council to say he didn t even want to be discussed. joining me now is dr adi imsirovic, senior research fellow, the oxford institute for energy studies. sir, you ve worked in the industry for 30 years. this weekend, the eu chief ursula von der leyen said there was a need to think strategically about how the eu approaches the topic of russian oil. she had previo ....

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World's Most Important Oil Price Transformed by Adding US Crude

World's Most Important Oil Price Transformed by Adding US Crude
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