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, EU to exempt Druzhba pipeline from Russian oil embargo

Representatives from the 27 EU member states will examine a compromise that could enable them to break the deadlock on a sixth round of...

Hungary, MOL prepares to abandon Russian oil

Hungary's largest energy group confirms it has begun planning to enable its refineries to process alternative crude oil. Overhaul of Hungary's oil infrastructure to handle...

Hungary needs 750 million euros to give up Russian oil

As much as 750m euros are needed to modernize refineries and pipelines so that Hungary can phase out crude oil imports from Russia, Hungarian...

Hungary, EU foreign ministers failed in an attempt to pressure country to lift its veto on a proposed oil embargo against Russia

EU foreign ministers failed in an attempt to pressure Hungary to lift its veto on a proposed oil embargo against Russia, with Lithuania saying...

Bulgaria, Only refinery in country will stop working if the ban on Russian oil is introduced

Chairman of the Management Board of Lukoil Neftochim refinery Ilshat Sharafutdinov said in an interview that the only refinery in Bulgaria will stop working...

Hungary, EC may spare Hungary and Slovakia from an embargo on buying Russian oil

The European Commission (EC) may spare Hungary and Slovakia from an embargo on buying  Russian oil, which is currently under preparation, wary of the two...
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