Mol: the quarterly report was excellent, but what is happening in Washington and Belgrade is more important right now

Mol Group reported strong third-quarter results, driven by high refining margins. However, the focus is on the recent U.S. approval for the acquisition of Serbian NIS oil company shares. This approval allows Mol to proceed with negotiations and potential agreements with Gazpromneft. Meanwhile, political changes in Serbia raise questions about the future of the NIS deal, but the new coalition has not opposed the agreement. The company reported an EBITDA of 554.9 billion HUF, significantly up from the previous year. Despite challenges like rising taxes and regulatory pressures, Mol's performance benefited from favorable market conditions and increased production in certain regions.