Serbia is heading into what could be one of its most challenging hydrological years in decades. Elektroprivreda Srbije (EPS), the country’s state-owned energy giant, forecasts that hydropower output in 2025 may fall by as much as 25 percent compared with the previous year. The projected annual production of around 8,000 GWh is not merely a […]
In the first week of December, Brent oil Front Month futures on the ICE market reached their weekly minimum settlement price of $62.45/bbl on Tuesday, December 2, the lowest level since October 22. Prices then recovered, with the weekly maximum hitting $63.75/bbl on Friday, December 5, 0.9% higher than the previous Friday. After a 2.0%
In the first week of December, average electricity prices fell in most major European markets compared to the previous week. The exception was the Nord Pool market of the Nordic countries, which saw a 20% increase. The Italian IPEX market registered the smallest decline at 0.4%, while France’s EPEX SPOT market experienced the largest drop,
In the first week of December, electricity demand increased in most major European markets. The Belgian market saw the largest rise at 6.2%, followed by a 0.9% increase in Great Britain. Both markets reversed the downward trend observed the previous week. In Germany, Italy, Portugal, and Spain, demand rose between 0.2% in Germany and 0.6%
In the week of December 1, solar photovoltaic (PV) energy production in the German market increased by 8.7% compared to the previous week. In contrast, the markets of Italy, France, and the Iberian Peninsula recorded declines for the second consecutive week. The Portuguese market experienced the largest drop at 33%, followed by a 27% decrease
Abu Dhabi National Oil Company (ADNOC) has reportedly emerged as the leading contender to acquire the 56.15 % stake held by Russian companies in Serbian oil company NIS, which is currently under US sanctions. Although ADNOC is viewed as the frontrunner to take over Serbia’s only refinery, NIS continues discussions with other potential buyers, including
Serbia: ADNOC emerges as leading bidder for sanctioned Russian stake in NIS Read More »
OMV Petrom has launched the environmental approval process for a new offshore exploration well in the Neptun Deep block, aiming to determine whether additional gas deposits exist beyond the roughly 100 billion cubic meters already confirmed through earlier drilling at Pelican Sud and Domino. Together with state-owned Romgaz, OMV Petrom holds the concession for the
Romania: OMV Petrom advances Neptun Deep exploration with new Anaconda-1 offshore well Read More »
The average price of electricity on the Romanian day-ahead market (OPCOM) reached 121.48 euros/MWh in November 2025, a decrease of 27.71 % compared to the same month in 2024 and 0.35 % lower than in October, when the average baseload price was 121.9 euros/MWh. Traded volume totaled 1.28 million MWh, marking a 19.42 % drop
Romania: Day-ahead power prices fall sharply in November as market volumes decline Read More »
Montenegrin state-owned power utility EPCG posted a significant financial decline in the first nine months of 2025, recording a net loss of 78.7 million euros, compared to a loss of 19.2 million euros in the same period last year. The extended shutdown of TPP Pljevlja, Montenegro’s only coal-fired power plant, dominated this year’s results. The
In November 2025, electricity traded on North Macedonia’s day-ahead exchange reached 109,180 MWh, marking a 34.3 % increase compared to the 81,308 MWh recorded in the same month last year. However, the traded volume was 25.5 % lower than in the previous month. Market operator MEMO reported an average market-clearing price of 120.68 euros/MWh for
North Macedonia: Power exchange sees strong year-on-year growth despite monthly decline Read More »
