
Hungary to Increase Oil Exports to Serbia Amid Refinery Sanctions
A Budapest initiative aims to boost Belgrade, which faces a potential shutdown of its Pančevo refinery as U.S. sanctions bite Russian-owned assets.

A Budapest initiative aims to boost Belgrade, which faces a potential shutdown of its Pančevo refinery as U.S. sanctions bite Russian-owned assets.

China’s top state and private oil firms are cancelling Russian shipments after Washington blacklisted Moscow’s biggest producers, disrupting one of the Kremlin’s main export routes.

As India faces pressure over buying discounted Moscow crude, one state-backed energy company has paused its payments for new Russian oil.

Energy policy will remain consumer-focused and protecting the interests of end-users will come first, says India.

The calculation seems simple: as long as Doha provides gas, Western governments will forget every postured principle they use as an excuse to raise your taxes.

Brussels unwillingness to extend sanctions reflects broader European ambivalence on backing Israel following October 7 pogrom.

The Tories appear desperate to win the support of green activists who have proved difficult to please.

Government says reliance on oil and gas to enable green transition will continue “over the coming decades.”

Moscow is set to bring in $15 billion more than expected; aims ‘to inflict pain’ on West, expert says.

The opposition’s comments are likely to have received a nod of approval from those more sceptical of the ‘net zero’ agenda.