Oil
OFAC extends deadline for Lukoil international asset sale talks to May 30
The US Office of Foreign Assets Control has extended the deadline for potential buyers to keep negotiating with Lukoil International, pushing discussions through May 30. The…
US court confirms MOL Group win, raising Croatia compensation to about $286 million
A federal court in Washington has upheld an arbitration-based decision in favor of MOL Group and rejected Croatia’s latest challenges. The confirmed compensation has climbed from…
JANAF posts lower Q1 2026 profit but presses ahead with international storage and energy expansion
Croatian oil transportation company JANAF reported a net profit of €13 million in Q1 2026, down 13% year-on-year, even as revenue stayed stable. The company said…
Geopolitics lifts European oil and gas prices in late April as EU carbon futures soften
Brent front-month crude climbed from a Monday low of $95.48/bbl to a Friday peak of $105.33/bbl, while European gas benchmarks also rose on Strait of Hormuz-related…
Greece’s refining scale and logistics turn it into a fuel redistribution hub for South-East Europe
Greece’s refineries—backed by high-complexity processing and expanding storage and logistics—are increasingly central to how South-East Europe sources diesel, jet fuel and gasoline amid volatile supply and…
Romania’s IEA bid signals a shift toward investment-grade energy governance
Romania’s formal request to join the International Energy Agency (IEA) is more than a diplomatic step: it brings a standards-based framework for data, emergency readiness, policy…
EU emergency fuel planning turns South-East Europe into a storage and redistribution hub
As the EU shifts from managing energy stress mainly through prices to managing it through physical supply risk, South-East Europe is gaining strategic weight. With underused…
Greece’s energy exposure turns into refining, storage and trading opportunities
Greece’s heavy reliance on Persian Gulf fuel imports and a roughly €19 billion annual energy bill underscore its vulnerability to supply shocks. But the same exposure…
Balkan energy corridors move to the core of Europe’s supply strategy
As disruptions and geopolitical risk reshape European energy routes, Turkey’s role as a multi-vector hub is pulling South-East Europe into the center of new gas and…
MOL says NIS takeover talks with Gazprom Neft and Serbia still unresolved as Pančevo deal awaits approvals
MOL Group confirmed that negotiations over a potential takeover of Serbia’s NIS remain ongoing and not yet final. Any future role in managing the Pančevo refinery…