EU's von der Leyen and Costa to speak with Gulf leaders on Monday; EU commission is looking at possible financial support to aid the resumption of supplies via the Druzhba oil pipeline
Newsquawk Staff ·
EU's von der Leyen and Costa to speak with Gulf leaders on Monday; EU commission is looking at possible financial support to aid the resumption of supplies via the Druzhba oil pipeline.
What it means
The upcoming discussions between EU leaders and Gulf representatives signal a proactive approach to securing oil supply routes, particularly through the Druzhba pipeline. If financial support is indeed mobilized, it could not only alleviate supply disruptions but also impact energy prices, particularly WTI, amid ongoing geopolitical tensions.
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)
- US EIA Refinery Crude Runs Change (Oct/23) -0.123M (Prev. 0.034M)
- US EIA Crude Oil Stocks Change (Oct/23) -1.892M vs. Exp. 0M (Prev. -3.061M); SPR falls 0.1mln to 282.6mln
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