Oil
MOL gets two-week extension for talks with GazpromNeft over Russian stake in NIS
MOL Group has been granted a two-week extension to continue discussions with GazpromNeft on the potential sale of its Russian stake in Serbia’s NIS, with talks…
Explosion at MOL petrochemical site in Tiszaujvaros kills one, injures nine during restart work
An explosion at MOL Petrolkemia’s Olefin 1 facility in Tiszaujvaros during restart-related activities has killed one person and injured nine others, including one in critical condition.…
North Macedonia’s fuel mix in 2025: diesel leads, imports dominate, and gas remains structurally constrained
Diesel accounted for more than 74% of North Macedonia’s total fuel consumption in 2025, while petrol and fuel oil took smaller shares. The Energy Regulatory Commission…
Serbia presses on to clarify NIS ownership as talks with MOL stall ahead of May 22
Serbia says it is still working to resolve uncertainty over the future ownership structure of NIS, but President Aleksandar Vučić acknowledged that negotiations have been difficult…
Hungary’s strategic oil reserves near expiry could reignite fuel price pressure amid global market risks
Hungary’s access to allocated strategic petroleum reserves runs only until 30 June unless the mechanism is extended, raising the risk that distributors will face higher costs…
Serbia trims fuel excise tax relief to 20% through May 31 as global oil volatility persists
Serbia has cut its temporary excise tax relief on petroleum products from 25% to 20%, covering leaded and unleaded gasoline and diesel until May 31. The…
NIS ramps up upstream spending with €41.8m investment in Q1 2026
Serbian oil and gas producer NIS invested €41.8 million in exploration and production during the first quarter of 2026, with nearly four-fifths directed to upstream activities.…
Bulgaria competition watchdog urges emergency fuel-market controls as oil prices swing
Bulgaria’s Commission for Protection of Competition has proposed 23 emergency and long-term measures to stabilize the fuel market amid geopolitical pressure and volatile global oil prices.…
Europe energy markets firm in May as oil, gas and CO2 futures extend gains amid geopolitical supply risks
In the second week of May 2026, Brent crude futures climbed from a weekly low above $104/bbl to $109.26/bbl by Friday, while European gas and CO2…
Serbia awards contract for strategic oil pipeline to Hungary, targeting supply diversification
Serbia’s Transnafta has awarded a contract for the planned Serbia–Hungary oil pipeline to a consortium led by MVM Juzna Backa after a tender process was suspended…