The Latest Breaking News from MOL

Hungary's strategic oil refinery in Százhalombatta, 27 kilometres from Budapest, may temporarily shut as a result of the fire.

Hungary remains firm in maintaining its supplies of Russian oil and gas, even as the European Union accelerates efforts to cut Russian energy imports

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Hungary’s government is cancelling a state-imposed cap on fuel prices after a wave of panic-buying by motorists led to fuel shortages and long lines at filling stations across the country

Hungary's government scrapped a price cap on fuels on Tuesday after a lack of imports and panic buying led to fuel shortages across the country in the past days that oil and gas group MOL said created a "critical situation."

Drivers in Hungary are running into gasoline and diesel shortages at filling stations as a government-imposed price cap squeezes independent stations and leaves the state energy company struggling to meet increased demand

A court in Zagreb has ordered five people to be kept in custody for a month for questioning over a suspected fraudulent trade deal that lost Croatia's oil and gas firm INA 1 billion kuna ($132 million), local media said on Monday.

Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. International benchmark Brent crude jumped by $2 per barrel to trade near $98 as the news…

Several countries in Europe dependent on Russian energy are suffering another blow with confirmation that oil shipments have stopped through a critical pipeline