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2026-02-19 16:12:23
[Energy Landscape Shifts: Central and Eastern Europe Suspends Diesel Exports, Russian Drilling Drops to Three-Year Low] ⑴ Hungary and Slovakia announced a suspension of diesel exports to Ukraine, potentially impacting Ukraine's fuel supply. Meanwhile, Slovakia released 250,000 tons of oil reserves to prepare for supply disruptions. ⑵ Russian oil drilling activity has slowed, with drilling volume in 2025 expected to fall to its lowest level in three years. India imported 1.1 million barrels per day of Russian oil in January, the lowest since November 2022, indicating a cooling demand for Russian oil in the Asian market. ⑶ The Italian cabinet approved a decree to reduce energy costs to ease the burden on businesses and residents. Angola lowered its April crude oil export plan to 28 shipments, down from 35 in March. ⑷ In the mining sector, Rio Tinto reiterated its 2026 copper production target of 800,000-870,000 tons, with copper accounting for 85% of its exploration budget. Glencore reached a land agreement with the Democratic Republic of Congo to increase copper production. India has removed margin requirements for gold and silver futures and begun negotiations with the United States on cooperation in key minerals. Indonesia and the United States signed agreements totaling $38.4 billion covering energy, agriculture, technology, and other sectors.
