Hungarian PM Orban confirms the release of crude oil from strategic reserves
Hungary's Prime Minister Orban's decision to release crude oil from strategic reserves signals a response to potential supply pressures, possibly linked to geopolitical tensions.
Russian oil drilling has reportedly dropped to the lowest in three years in 2025
Slovakian refiner Slovnaft says it has ordered supplies that will allow operations at full capacity from April
Hungarian PM Orban confirms the release of crude oil from strategic reserves
Constellium expects demand trends to continue into at least early 2026 and that overall macroeconomic environment remains relatively stable
Newsquawk Daily US Opening News - 18th February 2026
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This move may affect oil prices, particularly WTI and Brent, and could influence broader market sentiment around energy security in the EU. Keep an eye on potential reactions in energy stocks and commodity futures as the situation develops.
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