Hungary continues to rely heavily on imported oil, but the country is stepping up efforts to strengthen domestic production as part of a long-term plan to improve energy security. According to a study by the Oeconomus Economic Research Foundation, Hungary’s oil output reached a two-decade high of one million tons in 2024 and is expected […]
Bulgarian President Rumen Radev has vetoed a recently adopted amendment that would have required the State Agency for National Security (SANS) to approve any sale of Lukoil’s Bulgarian assets. The amendment, passed by Parliament on October 24, stipulated that the Council of Ministers could authorize such sales only after receiving a positive assessment from SANS.
Brent crude oil futures for the Front Month on the ICE exchange reached their weekly high of $65.62 per barrel on Monday, October 27, a level 0.5% lower than the previous week’s closing price. After falling by 1.9% on Tuesday, October 28, the futures hit their weekly low at $64.40 per barrel. Over the following
In the last week of October, average electricity prices rose across all major European markets compared to the previous week. The smallest increases were recorded in the United Kingdom’s N2EX market and Italy’s IPEX market, where prices rose by 0.7% and 0.9%, respectively. The largest percentage increases occurred in the Nordic region’s Nord Pool market
During the week of October 27, electricity demand declined across most major European markets compared to the previous week. Italy recorded the largest decrease, with demand falling by 2.8%, followed by Portugal and Germany, where demand dropped by 1.8% and 1.7%, respectively. Spain registered the smallest decline at 0.6%. These reductions reversed the upward trend
Europe: Electricity demand declined in late October, expected to rise in early November Read More »
During the week of October 27, solar photovoltaic energy production declined across most major European electricity markets compared to the previous week. France recorded the largest drop at 15%, marking the third consecutive week of decline. Portugal and Spain followed with decreases of 8.0% and 7.2%, respectively—representing the fourth consecutive weekly drop for Portugal and
An electricity market is an organized system where various participants—such as power generators, retailers, and large consumers—buy and sell electrical energy. Unlike most other goods, electricity cannot be stored easily in large quantities, meaning it must be generated and consumed simultaneously. This characteristic makes managing the electricity market more complex and gives it unique features.
Electricity producer Hidroelectrica has exceeded one million household and business customers on Romania’s retail electricity market, marking a significant milestone in the company’s growth and diversification. Since entering the retail supply sector in 2020, Hidroelectrica has rapidly established itself as one of the country’s most trusted and influential energy providers. The company’s success reflects the
Montenegrin electricity transmission system operator CGES reported a net profit of 16.7 million euros for the first nine months of 2025, slightly lower than the 17.4 million euros recorded during the same period last year. The company’s net sales reached 69.3 million euros, representing a 2.8 percent decrease compared to the same period in 2024.
Pljevlja coalmine reported a net loss of approximately 1.4 million euros in the first nine months of 2025, a sharp decline compared to a profit of 3.34 million euros recorded in the same period last year. According to the company’s financial report, sales revenues dropped significantly to 21.8 million euros, representing a 49.4 percent decrease
