Oil deliveries via the Druzhba pipeline are expected to resume on Thursday, according to Slovakia
Newsquawk Staff ·
Oil deliveries via the Druzhba pipeline are expected to resume on Thursday, according to Slovakia.
What it means
The resumption of oil deliveries via the Druzhba pipeline is a positive development for the energy market, indicating stabilization in supply flows. This could alleviate some upward pressure on WTI prices, particularly amid ongoing geopolitical concerns affecting energy markets. Traders might want to watch for any impact on oil inventories and how this news interacts with broader demand signals.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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