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The Latest Breaking News from MOL

Péter Magyar's axe could soon hit Orbán's network in Brussels

Magyar's election win in Hungary threatens Orbán's EU influence network, putting figures including Commissioner Olivér Várhelyi, think tank MCC Brussels, and the Hungarian ambassador on the chopping block.

Euronews

Fact check: Does Hungary have alternatives to the Druzhba pipeline?

Budapest insists it is dependent on Russian crude oil, but analysts suggest this could be the result of economic and political decisions, as well as technical constraints.

Euronews

Hungary vows pressure on Ukraine over Druzhba oil pipeline shutdown

Hungarian Prime Minister Viktor Orban has pledged to use “political and financial tools” to force Ukraine to restart flows through the Druzhba pipeline, the key route for Russian oil to Hungary and Slovakia.

Radio France Internationale

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Newsletter: US-Israeli strikes legally 'problematic' but 'righteous', Belgian Defence Minister says

Also in this newsletter: Hungary's energy giant MOL files EU competition complaint against Croatia's JANAF, and the EU seeks to constrain China dominance with "Made in Europe" push.

Euronews

Hungary’s energy giant threatens legal action over access to Croatian pipeline

The warnings from Hungary's MOL Group come amid heightened tensions between Budapest and the European Union. The dispute intensified after Hungary blocked the EU’s €90 billion financial package for Ukraine.

Euronews

'My focus will now be on recovery and the preparation of the road season' – Wout van Aert has successful surgery on ankle after crash

Belgian rider crashed during Exact Cross at Mol on Friday

Cycling Weekly

European Parliament rejects Russian energy ban exemptions for landlocked countries

As the EU finalises plans to wean itself off Russian energy, the European Parliament is opposing any exemptions or loopholes for countries especially reliant on gas imports from the east.

Euronews

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Firefighters contain blaze at Hungary's main oil refinery

Firefighters in Hungary have contained a fire at the country's main oil refinery, according to authorities and the energy company MOL

The Independent UK

Fire at Hungary's largest refinery contained, no injuries reported

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

Euronews

Hungary clings to Russian oil and gas as EU and NATO push to cut supplies

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

The Independent UK

Remember the doomed AI nation ship? A shipping giant is now planning a real, moving, floating data center that could power thousands of AI GPUs

Shipping and energy giants plan launch of floating AI data center by 2027, but concerns remain about cost, reliability, and regulatory feasibility.

TechRadar

Japanese shipping company partners with Turkish outfit to build a 73MW floating data center — data ship expected to be deployed by 2027

Japanese shipping line MOL has partnered with Turkish floating power generation company Karpowership to build a 73-megawatt floating data center.

Tom’s Hardware

A 500-cubic-metre oil spill is still tainting lives in this Hungarian town

After nearly 500 cubic metres of oil spilled from an old pipe, locals are demanding compensation and accountability from the Hungarian oil company.

Euronews

Orban extends reach across border to make TSC a football power in ‘Serbia-Hungary’

West Ham’s Europa League opponents are one of several clubs outside Hungary benefiting from Hungarian assistance

The Guardian - UK

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The Guardian - UK

Which goalkeepers have got an assist with almighty throws down field?

Plus: clubs named after kit sponsors, more forgetful footballers and which club had the first official website?

The Independent UK

Hungarian government scraps year-old ceiling on fuel prices

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

Reuters

Hungarian government scraps price cap on fuels as shortage worsens

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."

The Independent UK

Hungarian filling stations running out of price-capped fuel

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

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Reuters

Croatia detains five people suspected of cheating oil and gas firm INA

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.

Asharq Al-Awsat

Ukraine Halted Oil Flows to Europe over Payment Issue, Russia’s Transneft Says

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…

The Independent UK

Russia curtails oil shipments to central Europe

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

Reuters

Hungary extends food and fuel price caps until Oct amid surging inflation

Hungary's government has extended a cap on some basic food and fuel prices until Oct. 1, while a cap on retail mortgage interest rates will remain in place until the end of the year, Prime Minister Viktor Orban said on his Facebook page on Thursday.

Reuters

Tug boats spray water on burning ship carrying Porsches, Bentleys

Heavy tug boats on Tuesday sprayed water on a ship off the coast of Portugal's Azore Islands which went on fire nearly a week ago carrying thousands of Porsches and Bentleys, an incident insurance experts said could result in $155 million in losses.

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