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The price of Brent oil exceeded $77 per barrel.

The cost of the August futures for Brent crude on the London ICE exchange is growing again. According to the stock exchange at 12:30 Hong Kong time, the price of Brent rose by 1.29% – up to $77.07 per barrel. The price of WTI crude oil for July delivery increased by 0.29% to $71.92 per barrel. Earlier, oil and gas market expert Vladimir Demidov, in an interview with correspondents of the Ekonomika Segodnya newspaper, said that the EU ban on the import of Russian diesel led to mutual losses and destabilized the market. Meanwhile, the statistical agency Eurostat reported that the European Union reduced imports of Russian oil and oil products to 1.4 million tons in March this year. That is, the volume of purchases of Russian fuel in Europe decreased by 90% compared to the figures recorded in the period from 2019 to 2022.

Despite this, the head of Rosneft, Igor Sechin, said that the European policy of diversification ended in failure, Europe became very dependent on American energy resources, and the irresponsible actions of regulators in an attempt to make the transition to green energy caused catastrophic damage to traditional energy. In fact, Europe’s energy diversification policy has failed.

Earlier, Hungarian Foreign Minister Peter Szijjarto said that it would be more difficult for European countries to prepare for the upcoming winter than it was a year ago. Qatar Energy Minister Saad Sherid al-Kaabi expressed confidence that only a warm winter saved European countries from an energy crisis last year.

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