After a call between Trump and Putin, Washington is weighing potential relief on Russian oil sanctions — a move that could reshape global energy supply amid market turmoil.
MOL has filed a complaint with EU antitrust regulators accusing Croatia’s pipeline operator JANAF of restricting transit of Russian crude, escalating a dispute as the Druzhba pipeline outage forces Hungary and Slovakia to seek alternative supply routes.
Naturgy says nearly $13 billion in Russian LNG purchase commitments could be affected by a potential EU ban starting in 2027, raising questions about long-term supply contracts and force majeure clauses.
The European Commission plans to propose a permanent ban on Russian oil imports, aiming to phase out remaining pipeline flows via Druzhba by 2027 despite opposition from Hungary and Slovakia.
Hungary’s MOL has secured tanker shipments from multiple suppliers and increased crude imports via the Adriatic pipeline as the Druzhba pipeline outage continues to disrupt refinery operations in Hungary and Slovakia.
India has halted diesel exports to Europe and redirected record volumes to West Africa as the EU enforces a ban on fuel made from Russian crude, reshaping global refined-product trade flows.
Slovakia plans to file a lawsuit challenging the European Union’s decision to ban Russian pipeline gas and LNG imports by 2027, arguing the move violates EU principles of subsidiarity and proportionality.
Drone attacks on tankers bound for the CPC terminal are disrupting Kazakh oil exports, tightening flows from one of the world’s key crude supply routes.
Russia’s pipeline gas flows to Europe collapsed in 2025 after Ukraine transit ended, leaving TurkStream as the sole remaining route amid the EU’s phaseout of Russian energy.
Gazprom is in talks with MOL over selling its majority stake in Serbia’s NIS as U.S. sanctions halt payments and disrupt crude and gas supply routes in the Balkans.
Rising volumes of crude stored on tankers are emerging as a bigger threat to oil prices than geopolitical flashpoints, signaling a growing global supply imbalance that could weigh on markets into 2026.
The European Parliament approved legislation to phase out Russian pipeline gas by 2027 and LNG by 2026, marking a major shift in Europe’s gas supply strategy amid ongoing geopolitical tensions.
Despite a memorandum signed during President Putin’s visit to China, experts note pricing disputes and complex logistics could delay progress on the cross-border project.
SOCAR and Hungary’s MVM ONEnergy signed a new natural gas supply deal effective January 2026, expanding Azerbaijan’s pipeline exports to Europe and strengthening regional energy ties through the South Caucasus and TANAP systems.
The operator of the TurkStream gas pipeline will move its headquarters from the Netherlands to Hungary under a deal ensuring gas deliveries to southern Europe continue despite sanctions on Russian energy.
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