Politics International Relations Economics Finance Energy Market European Politics
Financial Times
Financial Times

@FinancialTimes

5 Tweets 1 reads Jun 01, 2022
Twitter
The EU has finally imposed sanctions on seaborne Russian oil imports over the war in Ukraine.
While some refineries look to cash out, global crude markets are bracing for a shake-up. Here’s why👇
on.ft.com
on.ft.com
Oil prices will rise🛢️
European refineries must quickly replace the more than 10% of global supplies that came from Russia before the crisis — or oil markets could become dangerously undersupplied on.ft.com
Oil prices will rise🛢️ European refineries must quickly replace the more than 10% of global supplie...
on.ft.com
Refineries could stop operating⚙️
Western financing has dried up over fear of sanctions, leaving these plants reliant on receiving crude oil from parent companies. Without access to seaborne Russian oil, they could close altogether on.ft.com
Refineries could stop operating⚙️ Western financing has dried up over fear of sanctions, leaving th...
on.ft.com
There are some winners🏆
Refiners still able to access Russian oil by pipeline will be generating eye-popping margins, such as those in countries including Hungary with access to the Druzbha pipeline on.ft.com
There are some winners🏆 Refiners still able to access Russian oil by pipeline will be generating ey...
on.ft.com
But the timeline to close the carve-out remains unclear⏱️
And EU member states will be watching Hungary closely given Prime Minister Viktor Orbán’s combative approach to the ban on.ft.com
But the timeline to close the carve-out remains unclear⏱️ And EU member states will be watching Hu...
on.ft.com

Categories

Politics International Relations Economics Finance Energy Market European Politics

Some tweets missing

Loading suggestions...