Russia to halt Kazakh oil for Schwedt refinery from May 1

Germany's Federal Ministry for Economic Affairs has confirmed that Russia will no longer route Kazakh crude oil via the Druzhba pipeline to the PCK refinery in Schwedt from May 1. The supply halt threatens to disrupt energy supplies in northeast Germany.

The PCK oil refinery in Schwedt, Brandenburg, faces a potential halt in Kazakh crude oil supplies. From May 1, no oil may be routed through the Druzhba pipeline, Germany's Federal Ministry for Economic Affairs confirmed on Wednesday.

The move could have far-reaching consequences for energy supplies in northeast Germany, including possible kerosene shortages. Schwedt is a key site for crude oil processing in the country.

The ministry confirmed the information from Berlin. Deliveries of Kazakh oil via Russian territory are affected.

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Illustration depicting Germany's fuel price cap and oil reserve release amid Iran war tensions at a gas station.
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Germany to Cap Daily Fuel Price Hikes and Tap Oil Reserves Amid Iran War

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Building on a cartel investigation into price surges, the German government plans to limit gas stations to one daily gasoline and diesel price increase, following Austria's model, while also releasing national oil reserves to ease costs driven by the Iran war.

Japan will procure crude oil from Russia for the first time since U.S.-Israeli strikes on Iran in February closed the Strait of Hormuz. A tanker carrying oil from Russia's Sakhalin-2 project is heading to the country, a trade ministry official said Saturday. Resource-poor Japan aims to diversify away from Middle East imports.

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The EU has delayed its proposal for a complete ban on oil imports from Russia. The move comes amid a sudden loss of political support due to the Iran war, even though the draft is already prepared. The regulation was set to apply to all member states, including Hungary and Slovakia.

South Africa faces acute fuel supply disruptions from the Middle East conflict and Strait of Hormuz closure, despite government assurances of no crisis. Local shortages have emerged, while price increases loom for April. Agricultural harvests risk lower yields due to diesel limits.

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Amid U.S. and Israeli strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei, the Korean government stated that oil and gas supplies remain stable for now. Emergency meetings confirmed reserves of several months' worth of oil and gas exceeding mandatory levels. However, preparations are underway for potential risks from the Strait of Hormuz closure, including alternative routes and support measures.

Sinabi ni Pangulong Ferdinand Marcos Jr. na sapat ang suplay ng petrolyo sa Pilipinas kahit tumaas nang doble ang presyo ng gasolin dahil sa digmaan sa Gulf. Nakipag-ugnayan ang kalihim ng Ugnayang Panlabas na si Maria Theresa Lazaro sa kanyang katumbas sa Iran upang maprotektahan ang mga barko at mga Pilipino sa Strait of Hormuz. Nakatanggap na rin ang bansa ng 700,000 barrel na crude oil mula sa Russia salamat sa waiver ng US.

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South Korean officials warned of increased LNG price volatility after Qatar reportedly declared force majeure on its long-term supply contract with the country, though supply impacts will be limited. Deputy Minister Yang Ghi-wuk said shipments from Qatar have already been excluded from this year's supply calculations, ensuring sufficiency. A Cheong Wa Dae official confirmed stable supplies from non-Middle Eastern routes.

 

 

 

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