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What will be the impact of resumed oil deliveries on Hungary's energy market by end of 2024?
2
Resolution / Starting Odds
Significant price drop • 25%
Moderate price drop • 25%
No significant change • 25%
Price increase • 25%
Hungarian energy market reports, MOL Nyrt. statements
Story
Hungary and Russia Work to Resume Lukoil Oil Supplies Amid Ukrainian Legal Issues via Druzhba Pipeline
Jul 18, 2024, 04:59 AM
Hungary and Russia are working to resume oil supplies after they were halted due to legal issues in Ukraine. The suspension of oil deliveries to Hungary by Russian energy giant Lukoil is a result of Ukraine hardening sanctions against the company. These sanctions effectively prohibit Lukoil from using Ukraine as a transit country for its products via the Druzhba pipeline. Hungarian Foreign Minister Peter Szijjarto has stated that Hungary's MOL Nyrt. and Russia's Lukoil are jointly seeking a legally acceptable solution to resume deliveries. Hungary received an exemption from EU sanctions on Russian oil. Additionally, Slovakia has also stopped receiving oil from Lukoil due to the same transit ban imposed by Ukraine.
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Yes • 50%
No • 50%
Hungary resumes oil supplies • 25%
Ukraine reinstates oil supplies • 25%
No agreement reached • 25%
Other outcome • 25%
Middle Eastern oil • 25%
US oil • 25%
Norwegian oil • 25%
Other • 25%
Significant financial loss • 25%
Minor financial loss • 25%
No financial impact • 25%
Financial gain • 25%
New deal with Russia • 25%
Alternative EU supply • 25%
Continued shortage • 25%
Other resolution • 25%
Yes • 50%
No • 50%
Through Gazprombank • 25%
Through alternative Russian banks • 25%
Through barter or goods exchange • 25%
Other • 25%
Increase > 20% • 25%
Increase 10-20% • 25%
Increase < 10% • 25%
No significant change • 25%
Exemption maintained • 25%
Exemption revoked • 25%
Exemption modified • 25%
Other outcome • 25%
Energy price increase • 25%
Industrial slowdown • 25%
Government intervention • 25%
No significant impact • 25%