EurOil - Europe Oil & Gas

Montenegro begins talks on oil reserve storage as deadline approaches

Serbia’s NIS pumps run smoothly despite US sanctions

Petrol stations operated by the Oil Industry of Serbia (NIS) are functioning normally, with no queues or shortages reported, after US sanctions came into effect against the Gazprom-controlled company.

Moscow vows to back Serbia after US sanctions hit NIS

Russia condemned US sanctions on Serbia’s oil company NIS as politically motivated and pledged continued support for Belgrade, amid concerns over the Balkan state’s energy supplies.

Hungary to boost oil deliveries to Serbia after US sanctions NIS

Hungary’s MOL will step up deliveries of crude oil and fuel to Serbia after US sanctions hit the Balkan country’s sole oil company NIS.

US sanctions on Serbian oil company NIS take effect

Sanctions imposed by the United States on Serbia’s sole oil refiner, NIS, took effect on October 9, ending months of postponements and raising fears of fuel shortages and wider economic disruption.

Croatia offers to buy stake in Serbian oil firm NIS after US sanctions

Serbian President Aleksandar Vucic dismissed the Croatian overture with a counter-proposal that Belgrade could instead buy a Croatian utility.

Russia lifts fuel output as refineries recover and oil nears OPEC+ quota

Russia has increased fuel production and is moving closer to its OPEC+ oil quota as domestic refineries recover from drone attacks, Deputy Prime Minister Alexander Novak said

MOL says talks on extending oil transport agreement with Janaf were "constructive"

MOL executives asked Janaf to "demonstrate, with appropriate tests", that sufficient volumes of crude could be delivered through the Adriatic pipeline to Hungary on a daily basis.