18 April 2025 | 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: 14.11.2026 Expectation: 3500 pips
Sell Bitcoin with $75,000 in view
30 October 2026 84
Period: 14.11.2026 Expectation: 150 pips
Go short on SPX down to $7,500
30 October 2026 105
Brent sell
Period: 29.11.2026 Expectation: 450 pips
Brent crude sell-off targets $105
29 October 2026 83
Period: 12.11.2026 Expectation: 28000 pips
Go long on NVIDIA stock up to $243
29 October 2026 87
Period: 28.11.2026 Expectation: 130 pips
Invest in SPX with 7,850 in view
28 October 2026 116
Period: 28.11.2026 Expectation: 4200 pips
Selling EURUSD down to 1.07000
28 October 2026 133
Go to forecasts