Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County

MOL, Hungary’s leading oil and gas company, has announced the successful acquisition of O&GD’s gas fields near Endrod in southeastern Hungary, including the associated infrastructure. The site spans approximately 1,000 square kilometers and contains 29 active wells, currently producing hydrocarbons with a daily output of about 1,000 barrels. This acquisition is expected to significantly contribute […]

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Bulgaria: IBEX reports decrease in electricity trading volumes and prices in March 2025

In March 2025, a total of 2,396,369.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 7.7% decrease compared to February. The average daily traded volume for the month was 77,302.3 MWh. When compared to the same period in 2024, the traded volume in March was

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Bulgaria sees significant increase in electricity production and renewable energy share in Q1 2025

According to data published by Bulgaria’s electricity transmission system operator, ESO, electricity production in Bulgaria between January 1 and March 30, 2025, increased by 16.83% compared to the same period in 2024, reaching a total of 11.74 TWh. During this period, electricity consumption in Bulgaria also saw a rise of 7.77%, reaching 11.14 TWh. As

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Electricity market trends in Europe: Price fluctuations, demand decline and renewable energy shortfalls in late March 2025

In the last week of March 2025, electricity prices in Europe showed mixed trends. A decline in wind energy production led to price increases in some markets, despite falling demand and lower gas and CO₂ prices. Croatia and Greece saw the highest percentage increases in electricity prices, rising by 20.41% and 14.18%, respectively, while Serbia

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Brent oil, gas and CO2 futures: Market trends and influences in the fourth week of March

In the fourth week of March, Brent oil futures continued their upward trajectory, reaching a weekly maximum settlement price of $74.03/bbl on Thursday, March 27, the highest since late February. On Friday, March 28, prices slightly declined to $73.63/bbl, still 2.0% higher than the previous Friday. The rise in prices was influenced by US tariff

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European electricity prices in late March: Trends, drops and market forecasts for April

In the fourth week of March, average electricity prices decreased in most major European markets compared to the previous week. However, prices increased in the EPEX SPOT markets of Germany, Belgium, France, and the Netherlands, with increases ranging from 9.2% in the Dutch market to 25% in the French market. On the other hand, the

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