Region: Serbia nears long-term gas deal with Russia, advances oil pipeline project with Hungary
Serbia is nearing the completion of a new long-term natural gas supply agreement with Russian company Gazprom, with only a […]
oil
Hungary sees rising oil and gas production amid push for energy independence
Energy production in Hungary has been steadily increasing since 2021. By the end of June 2025, both oil and natural
Europe: Brent, TTF gas and EU CO2 futures fall amid supply, demand and geopolitical factors
During the second week of August, Brent crude oil Front Month futures on the ICE market remained below $67 per
Region: Russian oil deliveries to Hungary and Slovakia halted after Druzhba pipeline strike
Crude oil deliveries from Russia to Hungary and Slovakia through the Druzhba pipeline were suspended on Monday after damage occurred
Serbia: Pozega fuel depot to expand with two new tanks for the first time since 1999 reconstruction
For the first time since its reconstruction following the 1999 NATO bombing, the fuel storage site near Pozega is set
Europe: Brent oil and TTF gas prices fall in early August while EU CO2 futures rise
In the first week of August, Brent oil Front Month futures on the ICE market reached a weekly high of
Montenegro considers storing part of mandatory oil reserves abroad amid delays at Bar Terminal
Montenegro is considering storing a portion of its mandatory oil reserves abroad if an agreement cannot be reached to use
Romania investigates suspected sabotage of Azerbaijani crude threatening refinery operations
Romanian officials are investigating a suspected sabotage incident involving Azerbaijani crude oil destined for OMV Petrom’s Petrobrazi refinery. The crude,
Energy markets update: Oil, gas and CO₂ prices show mixed trends in late July
In the final week of July, Brent crude oil futures for the Front Month on the ICE market showed volatility.
Hungary: KazMunayGas delivers first crude shipment, strengthens ties with MOL Group
Kazakhstan’s state-owned oil company KazMunayGas (KMG) has successfully delivered its first shipment of crude oil to Hungary, marking a significant
Serbia: NIS launches tender for enhanced oil recovery pilot project at Velebit field
NIS has initiated a tender for the construction of a system to evaluate the feasibility of an enhanced oil recovery
Serbia: NIS to sell Bulgarian subsidiary amid market challenges
Serbian oil and gas company NIS has announced that its board of directors has approved the sale of its wholly