# Brent Oil Hits $75 For First Time in 2019 as Russian Exports Cut

> Brent crude rose above $75 a barrel for the first time in 2019 after Poland, Germany and the Czech Republic suspended Russian crude imports via the Druzhba pipeline over quality concerns. About 700,000 bpd of flows were reportedly suspended.

- Date: 2019-04-25 · published 2019-04-25T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/9609-brent-oil-hits-75-for-first-time-in-2019-as-russian-exports-cut
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Suspended pipeline flows remove a large volume of crude from European supply, tightening the market and lifting prices alongside U.S. sanctions on Iran.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-12-11 | [Brent crude oil hits 2½-year high on Forties pipeline outage](https://feedsoft.ai/events/67645-brent-crude-oil-hits-21-2-year-high-on-forties-pipeline-outage.md) | -0.2% | +8.4% |
| BRENT | 2017-12-01 | [Transportation constraints and export costs widen the Brent-WTI crude oil price spread](https://feedsoft.ai/events/68167-transportation-constraints-and-export-costs-widen-the-brent-wti-crude-oil-price.md) | -2.0% | +4.9% |
| BRENT | 2022-03-29 | [CPC pipeline outage forces Kazakhstan to cut oil output by a fifth \| Reuters](https://feedsoft.ai/events/42430-cpc-pipeline-outage-forces-kazakhstan-to-cut-oil-output-by-a-fifth-reuters.md) | -5.0% | -8.4% |
| BRENT | 2017-08-28 | [Oil markets roiled as Harvey hits US petroleum industry](https://feedsoft.ai/events/69604-oil-markets-roiled-as-harvey-hits-us-petroleum-industry.md) | +1.1% | +10.3% |
| BRENT | 2018-11-28 | [Oil prices rise over 1% on outage in North Sea, expected OPEC supply cuts](https://feedsoft.ai/events/62234-oil-prices-rise-over-1-on-outage-in-north-sea-expected-opec-supply-cuts.md) | +2.9% | -11.2% |
| WTI | 2017-12-11 | [Brent crude oil hits 2½-year high on Forties pipeline outage](https://feedsoft.ai/events/67645-brent-crude-oil-hits-21-2-year-high-on-forties-pipeline-outage.md) | +0.1% | +10.0% |
| WTI | 2022-03-29 | [CPC pipeline outage forces Kazakhstan to cut oil output by a fifth \| Reuters](https://feedsoft.ai/events/42430-cpc-pipeline-outage-forces-kazakhstan-to-cut-oil-output-by-a-fifth-reuters.md) | -3.5% | -4.4% |
| WTI | 2018-11-28 | [Oil prices rise over 1% on outage in North Sea, expected OPEC supply cuts](https://feedsoft.ai/events/62234-oil-prices-rise-over-1-on-outage-in-north-sea-expected-opec-supply-cuts.md) | +3.6% | -10.3% |

## Sources

- voanews.com: https://www.voanews.com/a/brent-oil-hits-75-for-first-time-in-2019-as-russian-exports-cut/4890945.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.