Oil
Greece starts controlled release of strategic fuel reserves to steady domestic supply
Greece has begun a 12-week, staged release of about 2 million barrels from its strategic emergency fuel reserves, aiming to limit volatility tied to global supply…
Petrol Group profit plunges in Q1 2026 as Slovenia’s regulated fuel pricing squeezes retailers
Petrol Group said its first-quarter 2026 profitability fell sharply, blaming Slovenia’s regulated fuel pricing framework for losses even as fuel volumes rose. The company is pursuing…
Serbia presses MOL for changes as OFAC deadline approaches for NIS ownership restructuring
Serbian authorities are still dissatisfied with MOL Group’s proposed path for restructuring NIS ownership, even as a US OFAC deadline nears. The clock is ticking to…
Hungary taps strategic emergency fuel reserves to curb domestic price and supply risks
Hungary will release 150 million liters of 95-octane gasoline and 425 million liters of diesel from its strategic emergency reserves, selling the volumes only inside the…
Oil and gas slide in early May as US–Iran deal hopes cool prices, while EU carbon stays supported
Brent front-month futures peaked at $114.44/bbl on May 4 before falling to $100.06/bbl by May 7, as expectations for a potential US–Iran agreement weighed on sentiment.…
Romania’s oil picture darkens: imports fall and long-term output decline persists
Romania’s crude oil imports fell sharply in the first two months of 2026, while domestic production continued to drop, underscoring a structural downtrend expected to persist…
Serbia pushes ahead on NIS ownership talks as MOL–Gazprom Neft deal heads toward OFAC deadline
Serbian energy officials say negotiations over NIS’s future ownership structure are progressing, with a potential shareholder framework targeted for mid-May. The next step would be submitting…
Europe energy and carbon markets end April on a rollercoaster as geopolitics and supply signals unsettle prices
In the final week of April, Brent crude futures swung higher before pulling back, while TTF gas and EU carbon allowances also saw sharp day-to-day moves.…
NIS delivers higher Q1 2026 profit under US licensing limits and weaker refining volumes
NIS Group reported positive EBITDA of about €94 million and net profit of roughly €24 million in Q1 2026, despite operational constraints tied to short-term US…
INA swings to a first-quarter loss as gas prices soften and volatility rises, even as capex accelerates
INA reported a €2.3 million loss in the first quarter of 2026 after a profitable 2025 start, as revenue fell and margins tightened amid lower natural…