Russia cuts oil shipments to Poland - Breaking The News

Russia cuts oil shipments to Poland

25 February

1 min read

EPA-EFE/MATEUSZ MAREK

Polish oil refiner PKN Orlen on Saturday announced that Russia halted crude exports to Poland through the Druzhba pipeline.

According to CEO Daniel Obajtek, the move was something the petroleum company was prepared for. "Only 10% of the raw material came from Russia and we will replace it with oil from other directions. This is the effect of diversification that we have carried out in recent years," Obajtek stated.

The Soviet-built Druzhba pipeline remains exempt from European Union's sanctions against Moscow.

oil ukraine crisis russia-poland relations

Woodside, Aramco sign collaboration deal

2 hours ago

Woodside Energy Group Ltd. announced that it signed a collaboration agreement with the Saudi Arabian Oil Company, also known as Saudi Aramco.In an official statement, Woodside said that their ventures will include Aramco's potential acquisition of an equity interest in and liquefied natural gas (LNG) offtake from the company's Louisiana LNG project."This collaboration aligns with Woodside's strategic vision to build a diverse and resilient global portfolio. It...

US oil inventories reportedly up by 4.29M barrels

6 hours ago

Crude oil inventories in the United States increased by 4.29 million barrels in the week that ended May 9, private data from the American Petroleum Institute (API) allegedly showed on Tuesday.In the reported week, distillate inventories allegedly rose by 3.67 million barrels, while gasoline stockpiles declined by 1.37 million barrels. Meanwhile, reserves in Cushing, Oklahoma, reportedly decreased by 850,000 barrels during the same period.

Kremlin: Russian officials to wait for Ukrainians in Istanbul

9 hours ago

Kremlin spokesperson Dmitry Peskov said on Tuesday that the Russian delegation will be in Istanbul on May 15, awaiting the Ukrainian representatives to attend the direct negotiations on ending the war. "We are only assessing the statements of President Vladimir Putin, who proposed holding negotiations between delegations on Thursday in Istanbul. Our delegation will be there and will wait for the Ukrainian side," Peskov responded to a journalist's question,...

Oil up 3% as Trump threats to cut Iranian oil exports

9 hours ago

Oil futures prices jumped by 3% on Tuesday, following the looming threats of sanctions against Iran. United States President Donald Trump threatened Tehran with "maximum pressure" in order to slash Iranian oil exports to zero if the country rejects a peaceful and economic deal with the US.West Texas Intermediate (WTI) for deliveries in June jumped by 3% at 1:14 pm ET to sell for $63.81 per barrel. One minute later, Brent for settlements in July added...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.