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Hungary says Croatia is unreliable for oil transit
Slovakia and Hungary on Friday (2 August) rebuffed a European Commission suggestion that they could replace lost Russian oil supplies via an alternative route through Croatia, the latter saying that the country is unreliable for oil transit.
read more... 05/08/2024
No threat to oil supply security in Hungary, Slovakia
There seems to be no immediate risk to the security of oil supply to Hungary and Slovakia as sanctions imposed by Ukraine on Russian oil producer Lukoil do not affect the transit of oil via Ukraine to Hungary, the European Commission said on Thursday.
read more... 02/08/2024
IEA sees oil demand growth slowing as China's share ebbs
Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the International Energy Agency (IEA) said, as Chinese consumption contracted in the second quarter due to economic problems.
read more... 11/07/2024
OPEC sticks to 2024 oil demand view, sees strong travel season
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024, predicting robust fuel use in the summer months.
read more... 10/07/2024
Russian LNG exports to Europe hit 6-month high but face drop
Russian LNG exports to Europe in June rose to a six-month high, provisional vessel-tracking data showed, amid “challenges” in shipping to Asia but exports would likely decline over the coming months, analysts said on Tuesday.
read more... 10/07/2024