Daily operations at many European refineries rely on a Russian crude diet. The EU agreeing to an outright ban on Russian oil is unlikely given its members’ dependence on the fuel. That’s what Rystad Energy’s senior oil market analyst Louise Dickson said in a statement sent to Rigzone late Monday, adding that the daily operations at many European refineries rely on a Russian crude diet, mainly imports of Urals. “Italy, the Netherlands, France, Romania, and Poland are some of the largest importers of Russian crudes, and many of these countries have continued to receive deliveries that were fixed before the invasion of Ukraine, fulfilling already completed transactions, as the time lag between orders and loadings is usually in 10 or 25-day intervals,” Dickson said in the statement. “An outright export ban on Russian crude from Western countries could wipe out as much as four million barrels per day, and […]