The agency added that the oil markets are already suffering from high prices, along with deep economic challenges.
In its monthly report on oil, the organization on the Paris Energy Markets Monitoring said that the ban that the European Union will impose on imports of crude and Russian oil products and the prohibition of marine services will put more pressure on the global oil balances, especially on the diesel markets, which are already suffering from severe scarcity.
She added that setting a proposed roof for oil prices may help reduce tensions, but there are still countless ambiguity and logistical challenges, and that “the uncertainty has not been at this level. ”
The European Union countries agreed last May to reduce their imports of Russian oil by 90 percent by the end of this year, in a decision that seeks to deprive Moscow of a huge source of funding due to the crisis in Ukraine..
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