|
Louisiana Light • 5 days | 80.08 | -0.34 | -0.42% | ||
|
Bonny Light • 4 days | 81.14 | -0.02 | -0.02% | ||
|
Opec Basket • 5 days | 81.14 | +1.78 | +2.24% | ||
|
Mars US • 3 days | 74.56 | +2.07 | +2.86% | ||
|
Gasoline • 12 mins | 2.387 | +0.003 | +0.12% |
|
Bonny Light • 4 days | 81.14 | -0.02 | -0.02% | ||
|
Girassol • 4 days | 80.39 | -0.05 | -0.06% | ||
|
Opec Basket • 5 days | 81.14 | +1.78 | +2.24% |
|
Peace Sour • 1 hour | 73.81 | +2.07 | +2.89% | ||
|
Light Sour Blend • 1 hour | 75.11 | +2.07 | +2.83% | ||
|
Syncrude Sweet Premium • 1 hour | 84.06 | +2.07 | +2.52% | ||
|
Central Alberta • 1 hour | 73.41 | +2.07 | +2.90% |
|
Eagle Ford • 5 days | 73.97 | -0.80 | -1.07% | ||
|
Oklahoma Sweet • 5 days | 74.25 | -0.75 | -1.00% | ||
|
Kansas Common • 7 days | 66.25 | -1.25 | -1.85% | ||
|
Buena Vista • 5 days | 82.60 | -1.05 | -1.26% |
Global energy shortages and sky…
As we head into the…
Irina Slav
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Russia’s pipeline operator Transneft has received orders for crude oil purchases from Germany and Poland, Russia’s RIA Novosti reported today, citing the chief executive of Transneft, Nikolay Tokarev.
The oil will be shipped via the Druzhba pipeline which is not covered by the European Union’s embargo on Russian crude oil imports, which only focuses on seaborne deliveries.
The embargo, which went into effect on December 5, seeks to reduce Russia’s income from oil exports, which the EU says the country is using to fund the war in Ukraine. Two months later, on February 5, the EU will put into effect an embargo on Russian oil product exports.
ADVERTISEMENT
The news about orders for Transneft comes after in November Poland called for sanctions on the Druzhba pipeline in a bid to squeeze Russian oil exports to Europe further and quit a deal it already had for Russian oil deliveries through the pipeline without having to pay penalties on the contract.
Germany, for its part, had pledged to stop buying Russian oil completely from next year. To do that, it secured a deal with Poland for the supply of non-Russian crude for the German Schwedt refinery, formerly owned by Rosneft but taken over by the German government earlier this year.
ADVERTISEMENT
Per the deal, Poland pledged to ensure the delivery of two to three oil cargos of 100,000 tons each monthly, beginning in January, according to an unnamed source close to the negotiations, cited by Reuters.
Meanwhile, top Polish refiner Orlen said in November it had applied to Transneft for the delivery of 3 million tons of crude oil via Druzhba over the course of 2023.
The Druzhba pipeline also carries crude to landlocked Hungary, Slovakia, and Czechia, which were all against sanctioning the infrastructure due to the challenging nature of trying to diversify their oil supply.
By Irina Slav for Oilprice.com
More Top Reads from Oilprice.com:
ADVERTISEMENT
ADVERTISEMENT
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Switzerland Considers Electric Vehicle Ban To Avoid Blackouts
U.S. Crude Oil Inventories Continue To Crash, While Products Build
Russia Considers A Crude Oil Price Floor
Crude Oil Sees Large Surprise Inventory Build
Russia’s Oil Exports Nosedive Following Price Cap
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com