Serbia: NIS prepares temporary shutdown of Pancevo refinery after US sanctions Read More »

Serbia: NIS prepares temporary shutdown of Pancevo refinery after US sanctions

The Pancevo oil refinery has begun preparations for a temporary shutdown after US Treasury sanctions imposed on NIS disrupted crude oil deliveries, the company announced. Refinery operations have entered an initial phase in which processing units are being placed into hot circulation, a controlled mode that keeps equipment operational without full production. NIS said the […]

North Macedonia maintains full domestic electricity supply in September 2025 Read More »

North Macedonia maintains full domestic electricity supply in September 2025

Electricity consumption in North Macedonia reached 373,518 MWh in September 2025, while natural gas use totaled 19.4 million cubic meters. Coal consumption amounted to 368,114 tons, and the use of petroleum products stood at 95,577 tons. According to the State Statistical Office, domestic production covered 100 percent of electricity demand during the month, and 99.9

Greece moves forward with long-delayed Mesochora hydropower plant Read More »

Greece moves forward with long-delayed Mesochora hydropower plant

The Greek Ministry of Environment and Energy has confirmed that the long-delayed Mesochora hydropower plant in Trikala will finally advance, bringing an end to more than two decades of legal battles and halted construction. Although the project was officially revived in 2021–2022, decisive action is only now being taken to move it toward completion. A

Europe: Gas prices slide as warm weather forecasts and Ukraine peace hopes hit the market Read More »

Europe: Gas prices slide as warm weather forecasts and Ukraine peace hopes hit the market

European natural gas futures fell below €31/MWh in the third week of November 2025, as forecasts pointed to milder weather and optimism grew around renewed peace efforts in Ukraine. The latest U.S. proposal raised hopes that a negotiated settlement could ease geopolitical tensions and potentially relax sanctions on energy exports—both of which exerted downward pressure

SEE electricity markets diverge: Prices ease, demand rises, wind power soars Read More »

SEE electricity markets diverge: Prices ease, demand rises, wind power soars

During Week 47 of 2025, electricity prices in Southeast Europe (SEE) declined moderately across most markets compared to Week 46, largely due to falling gas prices. With the exception of Greece, all SEE markets posted weekly average prices above €100/MWh, while the regional average hovered around €110/MWh. Prices began the week at elevated levels, peaked

Europe: Brent falls to one-month low as peace talks pressure oil and gas markets Read More »

Europe: Brent falls to one-month low as peace talks pressure oil and gas markets

Brent crude futures for the Front Month on the ICE exchange hit their weekly peak of $64.89/bbl on Tuesday, November 18, before shifting into a downward trend. By Friday, November 21, they had fallen to $62.56/bbl, marking the week’s lowest settlement price—2.8% below the previous Friday and the lowest level since October 22, according to

Europe: Electricity prices surge in mid-November as demand rises and renewable output falls Read More »

Europe: Electricity prices surge in mid-November as demand rises and renewable output falls

In the third week of November, average electricity prices rose across all major European power markets compared to the previous week. Italy’s IPEX market posted the smallest increase at 3.3%, while the Nordic Nord Pool market and France’s EPEX SPOT market recorded the most dramatic jumps, with prices surging by 113% and 179%, respectively. In

European power demand surges as cold weather drives consumption higher Read More »

European power demand surges as cold weather drives consumption higher

Electricity demand rose across major European markets during the week of November 17, driven by lower temperatures and a return to normal activity in some countries. Electricity consumption increased in all major European markets compared to the previous week. France posted the sharpest rise, with demand up by 31%, followed by Belgium and Great Britain,

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