Related Articles
Forward article link
Share PDF with colleagues

Brent falls as Ukraine election tensions ease

Poroshenko promised to bring peace to a united Ukraine after winning over half of the vote

Brent prices eased at the end of May as pro-European candidate Petro Poroshenko swept to victory in Ukraine’s first presidential elections since Russia’s annexation of Crimea.  Poroshenko vowed to end violence and bring peace to a united Ukraine after winning around 54% of the vote. Brent was trading around $110.25 per barrel (/b) on 27 May, down from just under $111/b on 22 May. WTI also fell by 17 cents on the morning of 26 May, to $104.18/b, ahead of a US public holiday. Oil prices were supported in April by ongoing tensions between Russia and Ukraine, supply outages in Libya and northern Iraq and increased crude buying from refiners ahead of seasonal maintenance periods. These factors

Also in this section
ExxonMobil drilling heralds oil era in Guyana
15 June 2018
Keen to add to its production base, ExxonMobil hopes to have the oil flowing from offshore Guyana within two years
Sechin's role in Magomedov arrest under scrutiny
15 June 2018
The arrest of another oligarch with links to the energy industry has raised questions over the motive
Yemen war enters dangerous new phase
13 June 2018
The Saudi-led coalition has embarked on a high-risk strategy to force the Houthis to the negotiating table