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Zsolt Hernadi, CEO of Hungary's MOL Group, rejects the idea of doing without Russian oil, despite warnings of fuel shortages in Hungary.
Zsolt Hernadi, CEO of Hungary's MOL Group, rejects the idea of doing without Russian oil, despite warnings of fuel shortages in Hungary.
In July, Russian gas flows to Europe via the TurkStream pipeline reached their second-highest monthly level since its operation began, according to data from S&P Global Commodity Insights.
In July, Russian gas flows to Europe via the TurkStream pipeline reached their second-highest monthly level since its operation began, according to data from S&P Global Commodity Insights.
BP and ADNOC are in talks with Cyprus to explore gas investments, following recent discoveries in Egypt and Israel.
BP and ADNOC are in talks with Cyprus to explore gas investments, following recent discoveries in Egypt and Israel.
In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
In July 2024, Gazprom records a peak in gas exports to Europe, with a notable increase thanks to the end of maintenance and increased demand for winter reserves.
In July 2024, Gazprom records a peak in gas exports to Europe, with a notable increase thanks to the end of maintenance and increased demand for winter reserves.
Vietnam is aiming for 15% of its power capacity to be LNG-fired by 2030, but a controversial price cap could jeopardize this goal by discouraging investment and making projects economically unviable.
Vietnam is aiming for 15% of its power capacity to be LNG-fired by 2030, but a controversial price cap could jeopardize this goal by discouraging investment and making projects economically unviable.
The European Commission insists that there is no threat to oil supplies to Hungary and Slovakia despite the Ukrainian sanctions against Lukoil, as transit via Ukraine remains intact.
The European Commission insists that there is no threat to oil supplies to Hungary and Slovakia despite the Ukrainian sanctions against Lukoil, as transit via Ukraine remains intact.
OMV reported lower second-quarter results, impacted by lower gas prices and new regulations in Romania, but increased its operating profit.
OMV reported lower second-quarter results, impacted by lower gas prices and new regulations in Romania, but increased its operating profit.
The European Investment Bank (EIB) provides a 500 million euro counter-guarantee to Deutsche Bank, marking the start of a 5 billion euro initiative to support the European Union's wind power industry.
The European Investment Bank (EIB) provides a 500 million euro counter-guarantee to Deutsche Bank, marking the start of a 5 billion euro initiative to support the European Union's wind power industry.
Denys Shmyhal, Prime Minister of Ukraine, assures us that the sanctions against Lukoil do not compromise Slovakia's energy security and have the full support of the European Union.
Denys Shmyhal, Prime Minister of Ukraine, assures us that the sanctions against Lukoil do not compromise Slovakia's energy security and have the full support of the European Union.

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