U.S. Crude Oil Exports to EU Support WTI as Global Benchmark.
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| Title: | U.S. Crude Oil Exports to EU Support WTI as Global Benchmark. |
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| Authors: | CME Group |
| Source: | Benzinga. 02/02/2023. |
| Abstract: | AT A GLANCE The volume of U.S crude oil being exported to Europe has risen sharply in recent months and looks set to remain high as the region deals with the shortage of Russian crude oil following the EU ban on crude imports. A price cap on Russian crude oil has also been imposed by members of G7 group of countries further complicating the supply situation for European refiners with many turning to alternative suppliers. [ABSTRACT FROM PUBLISHER] |
| Database: | Newspaper Source Plus |
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| Abstract: | AT A GLANCE The volume of U.S crude oil being exported to Europe has risen sharply in recent months and looks set to remain high as the region deals with the shortage of Russian crude oil following the EU ban on crude imports. A price cap on Russian crude oil has also been imposed by members of G7 group of countries further complicating the supply situation for European refiners with many turning to alternative suppliers. [ABSTRACT FROM PUBLISHER] |
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