Russia: EU oil products embargo will further unbalance energy markets

<html xmlns=""><head><title>UPDATE 1-Russia: EU oil products embargo will further unbalance energy markets</title></head><body>

Adds quote, details

MOSCOW, Feb 3 (Reuters) -The Kremlin on Friday said an EU embargo on Russia's refined oil products thatwill come into force on Sunday would further unbalance global energy markets.

The ban is the latest stage of Brussels' plan to cut the vast majority of Russian energy supplies to the 27-member bloc, and reduce the billions of dollars that Moscow earns globally from its hydrocarbon sales.

"Naturally this will lead to further imbalance in the global energy markets," Kremlin spokesman Dmitry Peskov said, when asked about the likely impact.

"But we are taking measures to hedge our interests from any risks that arise," he added, without providing details.

Russian officials have said they will not sell oil to any country that abides by a $60-a-barrel price cap on purchases of Russian oil imposed by the European Union, the Group of Seven major economies and Australia.

Russia's Urals blend of crude oil URL-E has traded at a steep discount to the benchmark Brent blend LCOc1 since the EU's embargo on Russian crude came into effect last December. Refined products such as diesel and fuel oil sell at a premium to crude.

India and China, which have not imposed sanctions on Moscow for sending its armed forces into Ukraine, have stepped up their purchases of cheaper Russian oil over the last year as Western countries have drastically cut their imports.

Reporting by Reuters; Editing by Kevin Liffey


免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。