Economy

Orban calls on EU to lift Russia sanctions to avert energy crisis

Hungarian Prime Minister Viktor Orban has called on the EU to return to Russian oil and gas supplies as energy prices soar due to the Iran war

Is the Brent oil spot price really nearing $150?

Brent crude futures are lagging behind real-world spot prices, meaning the impact the US-Israeli war on Iran is having on oil supplies is more extreme than headlines suggest

Europe sets all-time record for LNG imports in March

The supplies from European terminals into the EU gas transmission system reached approximately 13.7 billion cubic meters in the period

Russian foreign trade not declining since 2022, despite sanctions

According to Deputy Head of the Russian Presidential Administration Maxim Oreshkin, the geography and currency of payments changed over that period

FACTBOX: How energy markets, stock exchanges reacted to Trump’s address

The price of futures contracts of Brent crude oil for June 2026 delivery on London’s ICE has risen by more than 6.5% following Trump’s televised address

Gulf Countries Considering New Oil Export Routes

The region is discussing the expansion of existing capacity, including the Saudi Arabian East-West oil pipeline