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: 25.09.2025 Expectation: 200 pips
Buying natural gas with $3.230 target on seasonal demand and technical pullback
Today at 11:11 AM 3
Period: 22.09.2025 Expectation: 10000 pips
ETHUSD set to rise after descending channel breakout
Today at 10:37 AM 6
Brent sell
Period: 30.11.2025 Expectation: 700 pips
Selling Brent crude with target of $60 per barrel
Today at 10:32 AM 4
Gold sell
Period: 31.10.2025 Expectation: 40000 pips
Selling gold after Fed meeting
Today at 09:11 AM 27
Expectation: 1250 pips
Selling USDJPY with 146.450 target while anticipating BoJ rate decision
Today at 06:40 AM 48
Period: 17.09.2025 Expectation: 500 pips
Buying SPX on 0.5% Fed rate cut
Yesterday at 11:38 AM 191
Go to forecasts