Oil
Romania set to restart Lukoil’s Petrotel refinery after US waiver, aiming to shore up fuel supply
Romanian authorities plan to restart Lukoil’s Petrotel refinery after receiving a US Government waiver, with operations expected to resume in about 45 days. The restart is…
Serbia and MOL move toward NIS shareholder deal as sanctions and deadlines shape negotiations
Serbia and Hungary’s MOL are nearing a shareholder agreement on NIS, but talks are proving difficult as both sides try to align obligations under a tight…
Hungary fuel reserves fall, spotlighting risks to regulated pricing
Hungary’s fuel inventories fell sharply between February and March, according to MSZKSZ data, renewing concerns that regulated fuel prices may be harder to sustain without timely…
Bulgaria gets six-month US sanctions waiver to keep Lukoil-linked dealings running
Bulgaria has secured a six-month waiver from sanctions-related obligations, confirmed by an OFAC license, to avoid disruption to permitted transactions involving Lukoil’s local subsidiaries. The extension…
Oil, gas and EU carbon prices swing in early April as ceasefire eases pressure
Brent Front Month futures on ICE swung sharply in the second week of April, falling from a $109.77/bbl peak on April 6 to a $95.20/bbl settlement…
Serbia renews fuel excise relief, cutting petrol and diesel taxes until 24 April
Serbia has extended its short-term fuel tax relief by lowering excise duties on petrol and diesel, with the new rates set to run until 24 April.…
MOL buys US crude to broaden sourcing, but refining and pipeline limits complicate the push
MOL has agreed to purchase about 510,000 barrels of US crude in a deal worth roughly $500 million, aimed at reducing dependence on any single supplier.…
FBiH backs plan to suspend oil import duties for six months to bolster Bosnia energy security
The Government of the Federation of Bosnia and Herzegovina (FBiH) has endorsed a proposal to temporarily eliminate customs duties on crude oil and petroleum product imports…
Serbia keeps oil export restrictions in place until May 2026 to protect domestic fuel availability
Serbia has extended its temporary restrictions on exporting petroleum-related products until 2 May 2026, citing persistent volatility in international markets. The government says the move is…
Romania trims diesel excise and adds profit levies to contain fuel-price pressure
Romania has approved emergency steps to ease rising fuel costs by cutting excise duty on standard diesel from 7 April, while introducing a solidarity levy on…