18 April | Oil

Czech Republic cuts off Russian imports and completes transition to Western oil sources

Czech Republic cuts off Russian imports and completes transition to Western oil sources

Czech Prime Minister Petr Fiala announced a major milestone on Thursday: the country has completely weaned itself off Russian oil for the first time in 60 years. This historic shift marks a complete halt to fuel deliveries through the Druzhba pipeline. 

The recent expansion of the Trans-Alpine (TAL) system has made it possible to transport crude oil directly from the west. The pipeline's capacity was expanded to 8 million tons per year, meeting the country's fuel needs. The Czech refinery Orlen Unipetrol is likely to start processing Norwegian crude from the enhanced pipeline next week.

Russia used to supply up to 58% of the Czech Republic's oil needs, but this gap is now being filled by alternative sources, namely Azerbaijan, Kazakhstan, Guyana, and Norway. Despite such a shift, MERO CEO Jaroslav Pantucek noted that the Druzhba pipeline remains technically ready for future deliveries, including transporting raw materials from other countries.

Period: 31.01.2026 Expectation: 1700 pips
NVIDIA selloff ahead of correction
Yesterday at 11:57 AM 20
Gold buy
Period: 24.12.2025 Expectation: 6000 pips
Gold eyes break above $4,400 by year-end
Yesterday at 11:16 AM 46
Period: 22.12.2025 Expectation: 790 pips
SPX attempts to recover following correction
Yesterday at 09:01 AM 23
Period: 19.12.2025 Expectation: 260 pips
Selling EURUSD down to 1.17070
Yesterday at 08:21 AM 19
Period: 22.12.2025 Expectation: 2400 pips
Silver set to continue its rally after taking little breather
Yesterday at 07:47 AM 29
Period: 19.12.2025 Expectation: 550 pips
AUDCAD trapped in consolidation zone
12 December 2025 59
Go to forecasts