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Reuters: EU may offer exemptions from Russian oil embargo for Hungary, Slovakia.

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The European Commission might exempt the two countries considering how deeply they are dependent on Russian crude, Reuters reported, citing two EU officials. The Commission is expected to finalize the details on the sixth package of EU sanctions against Russia over its full-scale invasion of Ukraine, according to the report.

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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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