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Russia oil contamination impacts 250K bpd of Europe’s refinery runs – IEA

Gasoil News - Published on Fri, 17 May 2019

Image Source: The Sentinel
The International Energy Agency said that the impact on European refinery throughput in the Q2 of 2019 from contaminated crude on the Druzhba pipeline is seen at roughly 250,000 barrels per day, under 2% of the continent’s product demand. The Czech Republic released about 1.5 million barrels of crude from its emergency stocks, or 10 days of the country’s average refining throughput.

Although, Hungary announced on April 30 that it would make 3 million barrels of crude stocks available, not all of this has been taken up, the Paris-based IEA said in a report.

The agency said that “We assume a total of 100,000 bpd impact on refinery throughput in these three countries over May-June, but expect operations to ramp up from July, even if this implies further crude stock draws.”

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Posted By : Rabi Wangkhem on Fri, 17 May 2019
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