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Croatia increases purchases of crude oil from Azerbaijan by 90%

Croatia’s purchases of Azerbaijani crude oil recorded growth in the first half of 2024. In the first six months, Croatia bought 587,600 tons of crude...

Romania: OMV Petrom reports lower sales and profits in Q3 and first nine months

Romanian oil and gas company OMV Petrom reported a 43% drop in sales and a 64% drop in the net income in the third...

Bulgaria: Lukoil has to pay 750 million euros in taxes

Prime Minister Nikolay Denkov said that Lukoil would have to pay over 250 million euros in taxes, or otherwise Bulgaria will lift the exemption...

Oil prices hit their highest level since mid-April

Oil prices hit their highest level since mid-April as OPEC members agreed to extend production curbs. Jelica Putniković, chief and responsible editor of the...

Serbia: Oil price is based on the free estimate

According to data from July 31st, drivers in Serbia pay the most expensive diesel and gasoline compared to the countries of the region, and...

Serbia: Oil price is based on the free estimate, not market

According to data from July 31st, drivers in Serbia pay the most expensive diesel and gasoline compared to the countries of the region, and...

Latest news

Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...