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EU To Increase Russian Crude Imports Via Southern Druzhba In June

OIL

Russia pipeline crude supplies to the EU - Hungary, Slovakia, and the Czech Republic - via the southern Druzhba pipeline in June are set to rise by 16% compared to May as EU refiners seek to secure more oil amid fears of disruptions in transit via Ukraine, two sources said.

  • Russian pipeline oil supplies to Europe are excluded from an EU embargo, but the route crosses Ukraine and has been under constant risk of disruptions since the start of Russia’s invasion into Ukraine.
  • "Recent escalation in Ukraine, damages to big infrastructural objects (are a) worry...it is a good idea to order more now," one of the sources said, referring in particular to this week's destruction of the Kakhovka hydroelectric dam.
  • Hungary’s MOL is expected to buy around 900,000 tonnes of Urals in June, up from 750,000 tonnes a month earlier.
  • Czech refiner Unipetrol will purchase up to 430,000 tonnes of Urals in June, up from 400,000 tonnes purchased in May.
Energy BulletsCommodities
Energy BulletsCommodities

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