Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
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Region: Preparations underway for Serbia–Hungary oil pipeline construction

Preparations are progressing for the construction of the Serbia–Hungary oil pipeline, with authorities working to secure the necessary location conditions. The upcoming stages will...

Hungary: New oil well in Somogysamson boosts energy output

A significant breakthrough in Hungary’s energy sector has come from Somogysamson, located in the southwest of the country, where a newly operational oil well...

Hungary achieves lowest electricity import rate in over a decade amid solar surge

Hungary’s dependence on imported electricity fell to its lowest level in more than ten years in April 2025, with imports accounting for just 9.9%...

Hungary: MOL and MVM forge strategic oil partnership to strengthen Central Europe’s energy security

MOL Group and MVM Group have launched a strategic oil trading partnership aimed at expanding and stabilizing energy supply for Central Europe, particularly for...

Hungary: Holcim commissions 28.5 MW solar plant to power cement facility and advance green goals

A new solar power plant with an installed capacity of approximately 28.5 megawatts has been commissioned at Holcim Hungary’s cement facility in Királyegyháza, located...

Hungary criticizes EU plan to end Russian energy imports by 2027

Hungarian Foreign Minister Péter Szijjártó has strongly opposed the European Commission’s newly unveiled plan to phase out all imports of Russian gas, oil and...
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