18/12/2025 – Stop Russian gas imports: European Parliament approves two-phase plan expected to come into force next year – Read more news
GAS & POWER: The Hungarian incumbent MVM and the American Chevron have announced a long-term supply agreement that provides for the delivery of 400 million cubic meters per year in the form of liquefied gas, for a total duration of five years. The agreement joins others recently signed with Western suppliers –including Shell, SOCAR and Engie– in the process of diversifying Russian supplies, which are still predominant in Budapest's energy balance.
OIL: Crude oil prices are trying to hold above $60/bbl, supported in recent hours by a Bloomberg-repeated report that the White House is preparing to issue new sanctions against the Russian oil sector to push the Kremlin to reach a truce in Ukraine more quickly. The latest statements from Russian President Putin, who has relaunched his ambitions of full conquest of the Donbass region, are a distant sign.
OIL: Crude oil prices are trying to hold above $60/bbl, supported in recent hours by a Bloomberg-repeated report that the White House is preparing to issue new sanctions against the Russian oil sector to push the Kremlin to reach a truce in Ukraine more quickly. The latest statements from Russian President Putin, who has relaunched his ambitions of full conquest of the Donbass region, are a distant sign.
