Insight
Cheap crude: what do Russian sanctions exemptions mean for CEE downstream markets?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The leaders of the European Union member states have agreed on the embargo on Russian oil. While most of the EU will phase out Russian imports by the end of the year, some countries in the CEE region, relying on pipeline deliveries, were granted temporary exemptions. As the price of Russian crude is heavily discounted, MOL Group, owner of Hungary’s Duna and Slovakia’s Bratislava refineries, is set to strongly benefit from the decision, which potentially gives it a competitive advantage in fuel wholesale markets in the region. This insight explores the potential implications for the regional market and how the extraordinary refining margins could help MOL to reach its strategic objectives.
Table of contents
- Skyrocketing profitability
- Cheap products – but where to sell them?
- Investing in the future
- Conclusion
Tables and charts
This report includes the following images and tables:
- Refineries in Central Europe (after PKN ORLEN's acquisition of LOTOS)
What's included
This report contains:
Other reports you may be interested in
Insight
Will Russian gas and LNG come back?
Three possible peace agreement between Russia and Ukraine and the implications on global gas and LNG markets and prices.
$950
Insight
LNG Insights_Test 1
This report challenges recent claims about LNG emissions, presenting a comparison of lifecycle emissions from US LNG and coal in power.
$1,050
Insight
Is oil price volatility a threat to upstream production, investment and supply chains?
We assess the impact of global turmoil and trade wars on upstream supply, investment and costs.
$1,350
