Oil
Druzhba oil pipeline restarts after three-month disruption, easing Central Europe supply pressure
Crude shipments have resumed along the Druzhba pipeline after an outage of roughly three months, with Slovakia confirming deliveries restarted on 23 April. The restart comes…
Druzhba pipeline repairs completed, paving the way for Central Europe crude flows to restart
Crude oil deliveries to Central Europe are expected to resume after repair work on the Druzhba pipeline was completed and force majeure was lifted, according to…
Montenegro extends fuel excise tax relief as global oil prices stay elevated
Montenegro has prolonged a temporary cut to fuel excise duties by five weeks, extending the policy’s validity until 26 May. The government says the move is…
Oil and gas slide in Europe as geopolitical risk eases; EU carbon allowances rise
Brent oil futures stayed under $100/bbl during the third week of April, swinging on geopolitical headlines before falling sharply to a weekly low of $90.38/bbl. European…
Greece fuel supply chain faces test as Middle East tensions threaten logistics
Industry participants say Greece’s fuel supply chain has a limited buffer as Middle East tensions raise the risk of prolonged disruptions. With stability estimated at about…
Croatia to seek temporary VAT flexibility on fuel as energy shocks intensify
Croatia is preparing amendments to its tax framework that would allow temporary adjustments to VAT on fuel during clearly defined crisis periods. The proposal would enable…
SOCAR’s potential bid for NIS would reshape South-East Europe’s energy influence map
SOCAR’s possible entry into Serbia’s NIS—potentially replacing MOL Group as the preferred buyer—would be a strategic shift with implications for gas supply, power generation and how…
OFAC extends NIS licence for 60 days as Serbia weighs ownership and sanctions exit
The U.S. Office of Foreign Assets Control has granted NIS a 60-day extension, keeping the company operating until mid-June while Serbia continues talks over its long-term…
Hungary’s incoming leadership signals fuel price caps will continue
Peter Magyar, the incoming prime minister of Hungary, said petrol and diesel price caps are expected to remain in place after the new Government takes office.…
Hungary fuel use climbs more than 11% in Q1 2026 as transport demand lifts petrol and diesel
Hungary’s total fuel consumption rose by more than 11% in the first quarter of 2026, driven by higher demand for both diesel and petrol. Diesel sales…