Hungary Taps Strategic Oil Reserves After Druzhba Pipeline Halt
Market Intelligence Analysis
AI-PoweredHungary is releasing 250,000 tons of crude oil from its strategic reserves to ensure supply after the Druzhba pipeline halt, with MOL having priority access.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
Hungary is releasing oil from its strategic petroleum reserves to ensure supply after Russian crude flows via the Druzhba pipeline stopped at the end of last month. The Hungarian government will release 250,000 tons of crude oil from the country’s strategic reserves, with domestic oil company MOL having priority access to the commodity, according to a government decree published in the official gazette. At the end of January, Druzhba, the pipeline that carries Russian crude to refineries in Hungary and Slovakia, was damaged in what Ukraine…
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