EurOil - Europe Oil & Gas
Croatia’s electricity production dips in April
Croatia’s net electricity production fell in April compared to the previous month, while petroleum product use remained broadly stable.
OMV Petrom, NewMed plan to spud well offshore Bulgaria
OMV Petrom and NewMed Energy have agreed to drill an exploration well in the Krum prospect within Bulgaria’s Han Asparuh offshore block.
SPP flags up risk of getting sued by Gazprom if it breaks gas supply contract
Slovakia’s state-owned gas importer SPP has raised concerns that Gazprom could demand up to €16bn in compensation if Bratislava terminates its long-term gas contract early.
Hungary to veto 'von der Leyen-Zelenskiy energy plan' over Russian import restrictions, foreign minister says
The European Commission is set to unveil a June 17 that would legally prohibit imports of Russian pipeline gas and liquefied natural gas into the European Union by the end of 2027.
US resists EU and UK push to cut Russian oil price cap at G7 summit
The US is resisting calls from European governments to reduce the G7 price cap on Russian oil from $60 to $45 per barrel, frustrating efforts by the EU and UK to increase financial pressure on Moscow as leaders meet for a G7 in Canada.
COMMENT: Israel-Iran conflict intensifies with limited macro fallout but mounting geopolitical risk
The recent escalation in hostilities between Israel and Iran has signalled a shift from earlier, more calibrated exchanges to a broader and more sustained confrontation.
North Macedonia gas company Nomagas boosts capital
North Macedonia’s state-owned gas transmission operator, Nomagas, has successfully increased its capital through the conversion of state claims into a permanent deposit.
ING: Oil in focus as Israel-Iran conflict escalates
Commodity markets are focused on escalating geopolitical tensions between Israel and Iran, with the Middle Eastern conflict sparking a surge in oil prices.
Hungary reiterates veto threat over new EU sanctions on Russian energy
Hungary to initiate the removal of a recommendation to phase out Russian energy imports from the agenda of EU energy ministers' summit in light of the situation in the Middle East.
Slovak PM Fico wants EU leaders to postpone vote on new sanctions against Russia
Fico had previously criticised the plan to phase out Russian fossil fuel imports by 2027, which the EU introduced last month.
Slovenia’s Petrol warns of fuel station closures and cutbacks after expansion of fuel price regulation
Petrol, Slovenia’s largest energy company, warned on June 13 that it may be forced to close fuel stations, reduce green investments and scale back support for sports, culture and education following the government's adoption of a new regulation.
Bulgaria’s competition watchdog probes Lukoil for possible abuse of fuel market
Bulgaria’s Competition Protection Commission (CPC) said on June 13 it has launched an investigation into possible fuel market violation by Lukoil Neftochim Burgas and Lukoil Bulgaria following signals filed in 2024 and 2025.
TurkStream, last pipeline route for Russian gas to Europe, offline for maintenance
Russia has fully suspended pipeline gas deliveries to Europe after flows through TurkStream – the last remaining export route – were halted for scheduled maintenance from June 10-17.
Kazakhstan shows interest in exporting oil, gas and uranium to Slovakia
Kazakh President Kassym-Jomart Tokayev has expressed Kazakhstan’s readiness to begin exporting oil, gas, uranium and other goods to Slovakia.
EU pushes for Nord Stream sanctions, lower Russian oil price cap
The EU has proposed new sanctions targeting Russia, including a ban on the Nord Stream gas pipelines and a reduction in the oil price cap, as it seeks to ratchet up pressure on Moscow to end its war in Ukraine.
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