The Druzhba pipeline can ship up to 1 million barrels per day (bpd), according to data sourced by Reuters — approximately 1% of global demand.
Germany and Poland have suspended imports of Russian oil amid contamination concerns, prompting a rare crisis over supply from the world's second-largest exporter.
"The first thing to note is that this incident involving contaminated Russian oil is rare occurrence," Stephen Brennock, oil analyst at PVM Oil Associates, told CNBC via email on Thursday.High-level Russian government officials were set to meet on Thursday to discuss how to resolve the contaminated crude.
Energy market analysts said the incident represents an important supply risk, hence why oil prices were bubbling higher on Thursday, but it was unclear whether it would have a lasting impact.
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