In the first week of April, Brent oil futures for the Front Month on the ICE market remained above $74 per barrel during the first three sessions. On April 2, the futures reached a weekly peak settlement price of $74.95 per barrel, marking the highest level since February 21. However, by Thursday and Friday, prices […]
At the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council in Baku, Serbian Assistant Minister of Oil and Gas, Sasa Kokovic, emphasized the growing energy partnership between Serbia and Azerbaijan. He highlighted the completion of the Serbia-Bulgaria gas interconnector in December 2023 as a major milestone in Serbia’s integration into regional energy infrastructure.
Serbia strengthens energy ties with Azerbaijan at Southern Gas Corridor Advisory Council Read More »
A Romanian consortium comprising Elsaco and Energomontaj has been awarded the contract by the Municipality of Ramnicu Valcea to construct a 145 MW gas-fired cogeneration power plant at the CET Govora site. The project, valued at approximately 100 million euros, is funded by the European Union. The new facility will be integrated with the national
The bio-LNG sector is gaining traction and is set to make its formal debut in the Greek market once DESFA, the country’s natural gas transmission system operator, secures certification for the Revythoussa LNG terminal, located near Athens. The certification process is expected to be completed by the end of the year. The approval will address
In the first three months of 2025, Russia increased its natural gas exports to Europe via the TurkStream pipeline by 16% compared to the same period in the previous year, reaching a total of 4.51 billion cubic meters. However, in March, exports dropped by 9.5% compared to February 2025, falling to 1.4 billion cubic meters,
As of 31 March 2025, Slovenia has officially ended the early warning phase of its gas supply crisis, marking the conclusion of the initial stage of the crisis response. According to the Slovenian Government, gas transmission to the country is stable and operating at full capacity, with no disruptions expected due to current conditions in
Slovenia ends early warning phase for gas supply crisis Read More »
MOL, Hungary’s leading oil and gas company, has announced the successful acquisition of O&GD’s gas fields near Endrod in southeastern Hungary, including the associated infrastructure. The site spans approximately 1,000 square kilometers and contains 29 active wells, currently producing hydrocarbons with a daily output of about 1,000 barrels. This acquisition is expected to significantly contribute
Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County Read More »
In the fourth week of March, Brent oil futures continued their upward trajectory, reaching a weekly maximum settlement price of $74.03/bbl on Thursday, March 27, the highest since late February. On Friday, March 28, prices slightly declined to $73.63/bbl, still 2.0% higher than the previous Friday. The rise in prices was influenced by US tariff
Brent oil, gas and CO2 futures: Market trends and influences in the fourth week of March Read More »
In the third week of March, Brent crude oil futures for the Front Month on the ICE market remained above $70 per barrel. The weekly low settlement price of $70.56/bbl was recorded on Tuesday, March 18, followed by an upward trend that culminated on Friday, March 21, with a weekly high of $72.16/bbl—an increase of
Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in mid-March Read More »
European natural gas prices in Week 11 of 2025 saw significant fluctuations, particularly on Monday, March 10, when prices hit their lowest for the week. This drop followed comments by Russian President Vladimir Putin, who suggested that a potential energy cooperation deal between Moscow and Washington could boost Russian gas supplies to Europe. Despite the
