Forex Analysis & Reviews: 01.06.2022 - Oil prices rise as EU...

Live Chat

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex洛普莱斯队 - 达喀尔拉力赛的正式参与者

01.06.2022 10:42 AM

Oil prices rise as EU leaders agree on partial Russian crude ban

EU leaders have agreed to cut Russian oil imports by 90% by the end of the year. The agreement is already reached, with only the details to be clarified.According to Reuters, about 65% of Russian oil exports to the European Union are delivered to the continent by tankers, with the rest coming through the Druzhba pipeline.Poland and Germany had already committed to end Russian crude imports via the Druzhba pipeline by the end of the year, raising the ban coverage to around 90%. First and foremost, the embargo will affect tanker traffic. This will be a problem for those EU members who receive Russian oil in this way. At the moment there is no clarity on how these EU members will be compensated.Meanwhile, Hungary, the Czech Republic and Slovakia will be exempted from the embargo, leaving 10% of usual Russian oil flows in place. There was no mention of Bulgaria in the Reuters report, but the southern European state was also part of the group of countries opposing any embargo that could threaten the security of its oil supply.The European Commission proposed a full oil embargo against Russia in early May as part of its latest sanction package. Hungary, however, immediately and quite vocally opposed it, arguing it would need hundreds of millions of dollars to transform its pipeline and refinery industry. The Central European state relies on Russia for more than 80% of its oil.The following weeks saw active discussions as more EU members heavily reliant on Russian oil followed Hungary's example, with Bulgaria threatening a veto on any embargo proposal unless it received an extension to reduce and eventually eliminate Russian oil imports.Following the news of the embargo agreement, Brent crude was trading at $122.63 per barrel: