Oil price shocks: how the energy crisis is dividing Central Europe
As Hormuz closes and Druzhba stays shut, the four Visegrád countries face the same vulnerability from opposite directions.
crude oil
A collection of 8 posts
Czech Republic and Slovakia agree €40m deal to reverse Druzhba pipeline flow
The Czech Republic and Slovakia have agreed to invest approximately €40 million to reverse the flow of the Czech section of the Druzhba pipeline, creating an alternative crude oil supply route for Slovakia amid an ongoing energy crisis triggered by damage to the pipeline's Ukrainian stretch.
Oil crisis: Are the Poles getting off light?
In Poland there are no signs of fuel panic or dramatic price hikes. The key to this apparent mystery lies in successful diversification.
The Druzhba–Adria cost equation
A closer look at the economic realities behind a potential switch from Druzhba to Adria — and whether it truly makes financial sense.
Serbia's oil refinery to close after U.S. refuses to extend NIS license
Serbia failed to remove Russian capital from NIS despite extensions; leaving its refinery unlicensed and oil reserves secure only until year-end.
Refinery fire tests MOL’s resilience and regional supply
A fire broke out last Monday night at MOL Group’s Danube Refinery in Százhalombatta, damaging one of the largest of its three distillation towers. The incident can have significant impact on regional oil supply and prices.
Poland's Orlen ends Russian oil imports to Czech refinery
EC President Ursula von der Leyen said: "Russia has repeatedly attempted to blackmail us by weaponising its energy supplies. We have taken clear steps to turn off the tap and end the era of Russian fossil fuels in Europe for good."
Serbia, Hungary deepen defence, energy ties
When Croatia, Albania and Kosovo recently formed a new military alliance, Serbia and Hungary followed suit, reshaping the security situation in South East Europe. Serbian Defence Minister Bratislav Gasic and Hungarian Defence Minister Kristof Szalay-Bobrovniczky earlier this month signed a bilateral military cooperation agreement in the Serbian capital of Belgrade.