{"id":492195,"date":"2022-05-18T10:36:22","date_gmt":"2022-05-18T05:06:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=492195"},"modified":"2022-05-18T12:56:23","modified_gmt":"2022-05-18T07:26:23","slug":"oil-prices-open-lower-as-eu-struggles-to-seal-russia-import-ban-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-open-lower-as-eu-struggles-to-seal-russia-import-ban-2\/","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 US 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 US 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":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-492195","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492195","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=492195"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492195\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=492195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=492195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=492195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}