In the first three months of 2025, Russia increased its natural gas exports to Europe via the TurkStream pipeline by 16% compared to the same period in the previous year, reaching a total of 4.51 billion cubic meters. However, in March, exports dropped by 9.5% compared to February 2025, falling to 1.4 billion cubic meters, […]
As of 31 March 2025, Slovenia has officially ended the early warning phase of its gas supply crisis, marking the conclusion of the initial stage of the crisis response. According to the Slovenian Government, gas transmission to the country is stable and operating at full capacity, with no disruptions expected due to current conditions in
Slovenia ends early warning phase for gas supply crisis Read More »
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
Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County Read More »
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
Brent oil, gas and CO2 futures: Market trends and influences in the fourth week of March Read More »
In the third week of March, Brent crude oil futures for the Front Month on the ICE market remained above $70 per barrel. The weekly low settlement price of $70.56/bbl was recorded on Tuesday, March 18, followed by an upward trend that culminated on Friday, March 21, with a weekly high of $72.16/bbl—an increase of
Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in mid-March Read More »
European natural gas prices in Week 11 of 2025 saw significant fluctuations, particularly on Monday, March 10, when prices hit their lowest for the week. This drop followed comments by Russian President Vladimir Putin, who suggested that a potential energy cooperation deal between Moscow and Washington could boost Russian gas supplies to Europe. Despite the
During the second week of March, oil, gas, and CO2 futures prices experienced fluctuations due to a mix of global economic concerns and geopolitical tensions. Brent oil futures for the Front Month in the ICE market reached their weekly low on Monday, March 10, settling at $69.28 per barrel, the lowest price since September 11,
In the first week of March, Brent oil futures saw a decrease in prices, following a 2.1% drop on Monday, March 3, from the last session of the previous week. Despite this decline, the futures reached their highest settlement price of the week at $71.62/bbl. Prices continued to decrease until March 5, when they hit
Brent oil futures for the front month on the ICE market reached a weekly high of $74.78 per barrel on Monday, February 24. However, prices declined in the following days, hitting a weekly low of $72.53 per barrel on February 26—the lowest level since December 11, 2024, according to AleaSoft Energy Forecasting. Although prices rebounded
Natural gas prices at the Title Transfer Facility (TTF), Europe’s most liquid gas trading hub, have eased this week as expectations rise for a potential Ukraine peace deal. Analysts suggest that Ukrainian transit remains the most viable option for increasing Russian pipeline flows to Europe. As a result, TTF front-month prices dropped by 14.6% week-on-week.
Europe: Natural gas prices decline amid expectations of Russian supply resumption Read More »
