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Berlin Confirms Russia to Halt Kazakh Oil Flows to PCK Refinery via Druzhba

Germany confirms Russia will stop Kazakh crude deliveries to the PCK Schwedt refinery via Druzhba from May 1, removing 17% of its supply and threatening 90% of Berlin's petrol, kerosene, and heating fuel. Reuters exclusives on April 21 revealed Moscow's adjusted schedules omitting 2.146 million tonnes (43,000 bpd) of 2025 flows—up 44% from 2024—despite Kremlin denial of awareness. Ukraine plans Druzhba restarts Wednesday, but the suspension heightens regional supply risks, potentially lifting Northwest European crude and product prices.

Category

UK Brent Oil

Sentiment

Neutral

Event

Institutional flow

Reading time

1 min