Europe

Croatia must allow Russian oil flows to Hungary and Slovakia, MOL says

MOL has contracted more oil by tankers from various countries, including Russia, to a Croatian port, and both countries are looking to tap emergency crude reserves.

U.S. demands on Europe in the field of energy

This week U.S. Energy Secretary Chris Wright gave the Paris-based International Energy Agency a one-year deadline to abandon its support of goals to reduce planet-warming gas emissions to "net zero" by 2050 or risk losing the United States as a member.

EU allows Berlin to take long-term control of Rosneft's German assets

The assets, which include stakes in the PCK Schwedt, MiRo and Bayernoil refineries, were placed in the German government's trusteeship in 2022 after Moscow's invasion of Ukraine rocked Germany's decades-long energy ties with Russia.

INEOS receives €300-million grant to rejuvenate and decarbonize its Lavera plant

Orlen plans maintenance at Polish, Czech refineries in 2026

In 2025, Orlen processed 39.6 MM tonnes (t) of oil, using 93% of its refining capacity.

Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe

Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure

The refinery - located in Priolo, Sicily - entered the procedure early last year to negotiate with creditors, after its ownership shifted from Russian oil group Lukoil to Cypriot private equity fund G.O.I. Energy.

BASF supports European 1,4‑butanediol supply security through increased production in Ludwigshafen

Hungary asks Croatia for help after Russian oil flows via Ukraine halted

A Russian attack on the Druzhba pipeline in Ukraine on January 27 knocked out flows to Eastern Europe.

Suffocating Western pressure may finally force Russian oil output cuts

Moscow has successfully redirected most of its seaborne crude to China, India and Turkey, often relying on a “shadow fleet” of aging, uninsured tankers to circumvent restrictions while offering steep discounts.