EU Commission Spokesperson says the EU does not have a new date to communicate regarding its plan to fully phase out Russia oil; scraps April 15th date for Russian oil ban proposal

The EU Commission's announcement to scrap the April 15th date on the Russian oil phase-out proposal signals potential delays in sanctions, which could maintain higher supply levels from Russia in the short term. This uncertainty may influence oil prices, as the market reacts to the prospect of prolonged Russian oil exports against a backdrop of fluctuating demand. Watch for implications on WTI pricing and overall energy market sentiment as this evolves.