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Serbia adjusts fuel excise tax relief amid rising global oil prices

The Serbian Government has announced a revision to its temporary fuel tax relief measures, aiming to stabilize the domestic fuel market in light of...

Serbia’s NIS Allocates €41.8 Million for Upstream Expansion in 2026

In a strategic move to enhance its operational capabilities, Serbian oil company NIS has allocated €41.8 million for its oil and gas exploration and...

Bulgaria proposes extensive measures to stabilize fuel market amid geopolitical tensions

The Bulgarian Commission for Protection of Competition (CPC) has unveiled a comprehensive set of 23 emergency and long-term measures aimed at stabilizing the nation's...

Energy Commodities Experience Gains Amid Geopolitical Tensions in May 2026

In the second week of May 2026, energy commodities in Europe saw notable increases, driven by geopolitical uncertainties and supply-side risks. Brent crude oil...

Serbia awards contract for strategic oil pipeline connecting Hungary

The Serbian government has formally awarded a significant contract for the construction of an oil pipeline that will connect Serbia and Hungary. The project,...

Greece Implements Fuel Reserve Release Amid Global Supply Concerns

In a strategic move to mitigate potential energy market disruptions, Greece has commenced the release of approximately 2 million barrels of fuel from its...
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