Oil balances are ‘concerning’ for 2020, says Mizuho securities’ Sankey
By Bloomberg
07 August 2019 |
7:37 am
Paul Sankey, Mizuho Securities Oil Analyst discusses the falling price of oil with Bloomberg's David Westin and Alix Steel on 'Bloomberg Daybreak Americas.'
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Hungary's government is "holding European Union decision makers hostage" by refusing to join an EU-wide embargo on Russian oil, according to Lithuania's foreign minister. This comes as EU leaders continue their efforts to gather support for a sixth sanctions package on Russia from all 27 EU member states. The government of PM Viktor Orban has claimed that an import ban on Russian oil would ruin the Hungarian economy. Lithuania's Foreign Minister Gabrielius Landsbergis tells FRANCE 24 that "Europe is weaker" as a result, and that he is "still hoping Budapest will be responsible in their decisions".
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