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Crude oil supply worries intensify due to Russia-Ukraine issue


Reuters quoted sources as saying that Russia's oil pipeline transportation company (Transneft) said that due to issues related to transit fees, Ukrtransnafta, a company that provides oil transportation services in Ukraine, has suspended the southern route of the Druzhba oil pipeline to Hungary, Hungary since August. Countries such as the Czech Republic and Slovakia transport oil. The Druzhba oil pipeline is a large oil pipeline system for Russia to transport crude oil to Central and Eastern European countries. The news exacerbated the market's concerns about the shortage of crude oil supply, which led to a rebound in the price of oil futures in New York, and regained the level of 90 US dollars.
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