Hungary as a European Union member state has the power to block the loan even though it is not contributing to it. It will cover two thirds...

Russian oil output saw a significant drop in April. Ukrainian drone attacks on key ports and refineries forced Russia to cut production. Th...

According to the IEA, Russia’s crude oil exports rose by 270,000 barrels per day (bpd) month-on-month to 4.6 million bpd in March.

Ukraine's drone strikes have crippled nearly half of Russia's oil export capacity. Major western ports and pipelines are affected. This dis...

Hungary, a NATO member, significantly relies on Russian oil, sourcing over 80% of its crude from Moscow, a move that has drawn criticism fr...

The European Commission is considering tariffs on Russian oil imports under pressure from US President Trump, who urged Europe to end energ...

The European Union is contemplating trade measures targeting Russian oil imports, specifically those via the Druzhba pipeline to Hungary an...

The European Union is considering sanctions on Indian and Chinese companies facilitating Russia's oil trade as part of its 19th sanctions p...

Vladimir Putin declared that any foreign troops deployed to Ukraine would be considered legitimate targets. This statement followed Europea...

Oil prices experienced a slight dip on Friday, yet they are poised to conclude the week with gains. This movement is influenced by anticipa...

Russia and Ukraine have stepped up attacks on each other's energy infrastructure, hitting Ukrainian domestic heating supplies, Russia's Dru...

Addressing a huge gathering in Lahore, Imran played a video clip of India's Foreign Minister S Jaishankar from Bratislava Forum held in Slo...

The payment, if confirmed by all parties, would be a step to restoring oil flows to the Czech Republic after a week-long outage and also cr...

But no oil has reached the neighbouring Czech Republic yet, the country's Mero pipeline operator said, and Hungary also was still to receiv...

Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil pipeline, which flows thr...

Ukrainian President Volodymyr Zelenskyy, who will address the 27 heads of state and government by videoconference in the evening, has repea...

EU has decided to ban Russian oil trade, and this plan can lead to a big crisis in Hungary. EU has revised the Russian oil sanctions and is...