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Devil in the Details for EU Russian Oil Embargo

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Oil markets are under pressure as events this week heightened concerns over tighter supply, just as the summer travel season begins to kick-off. The EU announced further sanctions on Russian oil imports, while Shanghai came out of a two-month lockdown, raising expectations for higher demand. How will these developments impact oil markets in the short-to-medium term? Wayne Tan of Bloomberg NEF weighs in.

Image Credit: Shutterstock.com

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