Free Trial

MOL Expect Druzhba Flows in Days

OIL

Further quote on MOL paying fee to resume Druzhba flows which have been down since Aug 4:

  • “By assuming the fee, MOL could provide a swift solution to the issue: the Ukrainian party has pledged to resume the transport of crude oil within a matter of days, which had been halted a few days ago due to technical issues emerging on the banking front,” it said in a statement.
  • Mol had yesterday said they have oil reserves for “several weeks” in light of the Druzhba situation.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.