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German rail strikes disrupt oil product supply; inventories cushion price impact

German rail strikes disrupt oil product supply; inventories cushion price impact
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REFINERY NEWS ROUNDUP: Plants in Europe look for alternative supplies | Hellenic Shipping News Worldwide

With the EU planning to ban Russia’s crude imports within six months, following Moscow’s invasion of Ukraine, European refiners will have to look for alternative supply, though many of them have already started diversifying their sources. Shell and Sweden’s Preem were among the first to cease all spot purchases of Russian oil and products. .

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More European plants stop buying Russian crude | Hellenic Shipping News Worldwide

Oil companies and refiners in Europe are increasingly moving away from purchases of Russian crude following Moscow’s invasion of Ukraine. Norway’s state-controlled Equinor is to stop trading or transporting Russian oil, it said late March 14, following a decision to exit its Russian joint ventures in response to the invasion of Ukraine. Shell was one .

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Refiners in Europe seek alternative crudes; aim to increase runs

Refiners in Europe seek alternative crudes; aim to increase runs
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Refiners in Europe seek alternative crudes; aim to increase runs | Hellenic Shipping News Worldwide

Refiners across Europe are looking for alternative crude supply in the wake of Russia’s invasion of Ukraine, with many starting to maximize CDU runs in order to secure better supply as international buyers shun Russian-origin products. As concerns mount over possible EU sanctions to cut dependence on Moscow’s oil and gas, companies across Europe are .

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