Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MOL Curtails Fuel Supply After Druzhba Shutdown

OIL

Hungary’s MOL is temporarily curbing fuel deliveries to some retailers as Russian oil supplies declined significantly below normal levels since the shutdown of the Druzbha pipeline, the company told state news agency MTI.

  • Russian oil supplies to Hungary have been significantly curtailed since the shutdown of the Druzhba pipeline on Tuesday. Oil shipments via the pipeline have since then restarted but remain only at a low pressure.
  • Maintenance at its main Danube refinery in Hungary caused a drop in capacity, affecting all its products, MOL said.
  • MOL said it was cutting deliveries to retailers it was not legally required to supply and that the change affected a tenth of Hungary's petrol stations, while estimations of the Alliance of Independent Petrol Stations suggest 20% of all petrol stations are affected.
129 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Hungary’s MOL is temporarily curbing fuel deliveries to some retailers as Russian oil supplies declined significantly below normal levels since the shutdown of the Druzbha pipeline, the company told state news agency MTI.

  • Russian oil supplies to Hungary have been significantly curtailed since the shutdown of the Druzhba pipeline on Tuesday. Oil shipments via the pipeline have since then restarted but remain only at a low pressure.
  • Maintenance at its main Danube refinery in Hungary caused a drop in capacity, affecting all its products, MOL said.
  • MOL said it was cutting deliveries to retailers it was not legally required to supply and that the change affected a tenth of Hungary's petrol stations, while estimations of the Alliance of Independent Petrol Stations suggest 20% of all petrol stations are affected.