Slovak PM Fico after call with Ukraine President Zelensky, says Zelensky conveyed that Druzbha oil pipeline will take time
Newsquawk Staff ·
Slovak PM Fico after call with Ukraine President Zelensky, says Zelensky conveyed that Druzbha oil pipeline will take time.
What it means
The Slovak PM's comments on the Druzhba oil pipeline indicate potential delays in oil supply, which could affect pricing dynamics in the energy markets. This situation may lead to escalated tensions around energy security in the EU, with implications for WTI prices and regional commodities. Traders should be watchful of the market’s response as this news unfolds, particularly in relation to broader geopolitical developments.
- 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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