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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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BBCNEWS World Business Report June 4, 2024 04:50:00

Well, we mentioned brent crude there, $116 a barrel. where do you see that heading in the days to come. of course we are talking as our main story about whether or not we might see an oil banned from the eu on russia at the moment, doesn t look like there is a united rent at all between countries on that? ., ., , , on that? no, there has been deal is being on that? no, there has been deal is being done on that? no, there has been deal is being done with i on that? no, there has been l deal is being done with russia iry deal is being done with russia by serbia and hungary which is showing exactly, as you say, that there isn t really a united front. 0il that there isn t really a united front. oil prices already up significantly and remains quite volatile as does the gas price, so it is really difficult to foresee what is going to happen because wejust don t know how long this war is going to continue for, we don t know how determined people are, governments are to stop being so relia ....

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