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MOL fined €122,000 by Hungary’s central bank for delayed Druzhba disclosure

Hungary’s central bank has imposed a €122,000 fine on oil and gas group MOL for failing to promptly disclose information linked to a disruption...

Crude Oil Deliveries to Central Europe Set to Resume via Druzhba Pipeline

Following the completion of repair works on the Druzhba pipeline, crude oil deliveries to Central Europe are poised to restart, as confirmed by MOL...

Hungary threatens gas cuts to Ukraine amid Druzhba pipeline oil dispute

Hungary's Prime Minister Viktor Orban has issued a warning regarding potential reductions in natural gas deliveries to Ukraine, contingent upon the resumption of Russian...

Hungary Considers Energy Supply Cut to Ukraine Amid Druzhba Pipeline Dispute

Hungary has indicated a potential suspension of electricity and natural gas deliveries to Ukraine, contingent upon the restoration of crude oil flows through the...

Latest news

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Front-month Brent crude oil futures on the ICE market recorded a weekly low settlement price of $99.25/bbl on Tuesday, September 22, following five consecutive...

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Europe: Electricity demand declines across major markets amid cooler temperatures

Electricity demand declined across most major European power markets during the week of September 21 compared with the previous week. Italy recorded the largest...

Europe: Solar output rises as wind generation falls across major power markets

Solar photovoltaic generation increased across most of Europe’s major electricity markets during the week of September 21 compared with the previous week. Germany recorded...

Serbia’s day-ahead power prices surge as Southeast European markets diverge

Day-ahead electricity prices in Serbia rose by €47.20/MWh to €150.18/MWh for October 1, as Hungary, Romania and northern Balkan markets recorded significant increases, while...