In a significant move for global energy dynamics, U.S. President Donald Trump has granted Hungary a one-year exemption from U.S. sanctions on Russian oil and gas imports. This decision came following a high-profile meeting at […]
In a high-stakes diplomatic maneuver amid escalating global energy tensions, Hungarian Prime Minister Viktor Orban is scheduled to meet U.S. President Donald Trump in Washington next week to address the impact of new U.S. sanctions […]
Oil prices surged nearly 5% on Thursday, October 23, 2025, following the imposition of new U.S. sanctions on Russia’s two largest oil companies and amid escalating Ukrainian drone strikes on energy infrastructure. Benchmark U.S. crude […]
On October 20, 2025, two major explosions occurred at oil refineries in Hungary and Romania, halting operations and raising widespread suspicions of coordinated sabotage. These incidents targeted facilities heavily reliant on Russian oil supplies, amid […]
In a landmark move to sever its remaining energy ties with Moscow, the European Union has agreed on a phased ban on Russian natural gas imports, effectively aiming to end all such supplies by the […]
Hungary’s foreign minister Peter Szijjarto announced the signing of the deal last week during the Gastech exhibition and conference in Milan, Italy. The agreement is for two billion cubic meters of natural gas for ten […]
In an escalation of its defense strategy, Ukraine has intensified drone strikes on Russia’s energy infrastructure, targeting oil refineries, pipelines, and storage facilities that fund Moscow’s war machine. These attacks, which have disrupted Russian oil […]
ENB Pub Note: The EU’s energy and financial hypocrisy will catch up with them sooner rather than later. The following article from Tsvetna Paraskova, at Oilprice.com, is a great illustration of the EU’s dependence on […]
Croatian natural gas transmission system operator, Plinacro, announced the completion of the 58 km long pipeline in a statement on Friday. According to Plinacro, the pipeline worth about 140 million euros ($153 million) will improve […]
Prime Minister Viktor Orban has announced plans to disclose foreign funding to organizations that undermine his government Hungarian Prime Minister Viktor Orban has declared that he will implement measures ensuring the transparency of aid from the […]
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