FXHedge|4月 07, 2026 22:12
HUNGARY TO AGREE TO BUY OIL FROM US AT ORBAN-VANCE MEETING
(Bloomberg) -- Hungary will reach a deal to buy oil from the US during a visit in Budapest by Vice President JD Vance on Tuesday, just days before the country’s pivotal general election, according to a person familiar with the matter.
Hungary’s energy company Mol Nyrt. will agree to purchase 500,000 tons for approximately $500 million, said the person, who asked not be named discussing non-public information. No other details were immediately available. Mol has stepped up Russian oil purchases after receiving sanctions exemptions from both the US and the European Union.
Full article:
https://www.msn.com/en-us/news/world/hungary-to-agree-to-buy-oil-from-us-at-orban-vance-meeting/ar-AA20kuUl?ocid=msedgntp&pc=HCTS&cvid=69d573b8529140a6a6992189e2ccb691&ei=174(FXHedge)
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