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Serbia’s NIS question becomes a regional oil security test for MOL, Gazprom Neft and OFAC

Serbia’s oil market is entering a decisive phase as the future ownership of Naftna Industrija Srbije, or NIS, moves from corporate negotiation into strategic energy security....

Hungary removes petrol and diesel price caps while retaining emergency control powers

Hungary has adopted new legislation that ends government-imposed price caps on petrol and diesel, which had been in place since March. The change shifts...

MOL fined €122,000 by Hungary’s central bank for delayed Druzhba disclosure

Hungary’s central bank has imposed a €122,000 fine on oil and gas group MOL for failing to promptly disclose information linked to a disruption...

Albania to abolish fuel price monitoring board after final price-setting

Government decision to end temporary fuel price oversight The Albanian Government has decided to abolish the fuel price monitoring board, which was introduced earlier this...

OMV Petrom commissions €140 million aromatics unit at Petrobrazi refinery

OMV Petrom has commissioned a new aromatics production unit at its Petrobrazi refinery in Romania following a €140 million investment. The installation is designed...

Serbia weighs cutting fuel excise relief as oil prices ease

Serbia is considering a gradual reduction of fuel tax relief as oil prices ease, President Aleksandar Vučić said. He added that the country may...
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