Latest news with #Russiancrude
Bloomberg
18-07-2025
- Business
- Bloomberg
Europe's Russia Sanctions Pile Pressure on Tight Diesel Market
The European Union's latest round of Russian sanctions have added yet more pressure on an already tight diesel market in the region that is a large importer of the fuel. The EU confirmed on Friday that it would press ahead with a ban on the import of diesel that is made from Russian crude. Prior to the decision, some traders had been skeptical that the the bloc would go through with such a step.
Bloomberg
11-07-2025
- Business
- Bloomberg
Hungarian Oil Company Comes Up With an Unlikely Pipeline Plan
Hi, this is Zoltan Simon in Budapest. Welcome to our weekly newsletter on what's shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here. Hungarian Prime Minister Viktor Orban is campaigning for re-election by vowing to block Ukraine's European Union accession and by railing against Brussels for its support for Kyiv. He also opposes a push to end Russian energy imports by 2027. That makes oil importer Mol's plan to wean itself off Russian crude all the more unusual.
