{"id":491896,"date":"2022-05-17T12:53:55","date_gmt":"2022-05-17T07:23:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=491896"},"modified":"2022-05-17T12:53:55","modified_gmt":"2022-05-17T07:23:55","slug":"oil-prices-open-lower-as-eu-struggles-to-seal-russia-import-ban","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-open-lower-as-eu-struggles-to-seal-russia-import-ban\/","title":{"rendered":"Oil prices open lower as EU struggles to seal Russia import ban"},"content":{"rendered":"<p>Oil prices opened lower in early Asian trade on Tuesday after the European Union&#8217;s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary.<\/p>\n<p>Brent crude futures fell 35 cents, or 0.3%, to $113.89 a barrel at 0004 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.5%, to $113.68 a barrel.<\/p>\n<p>EU foreign ministers failed on Monday in their effort to pressure Budapest to lift its veto of a proposed oil embargo on Russia following the country&#8217;s invasion of Ukraine. An embargo would require approval from all EU nations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices opened lower in early Asian trade on Tuesday after the European Union&#8217;s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary. Brent crude futures fell 35 cents, or 0.3%, to $113.89 a barrel at 0004 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.5%, to $113.68 a barrel. EU foreign ministers failed on Monday in their effort to pressure Budapest to lift its veto of a proposed oil embargo on Russia following the country&#8217;s invasion of Ukraine. An embargo [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-491896","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/491896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=491896"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/491896\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=491896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=491896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=491896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}