Brent oil futures for the Front Month on the ICE market declined in most sessions during the fourth week of July, marking the second consecutive week of losses. The only exception was Thursday, July 24, when the settlement price rose by 1.0% compared to the previous day. The weekly high was recorded on Monday, July […]
During the third week of July, Brent oil futures for the Front Month on the ICE market declined in most sessions. The exception was Thursday, July 17, when the settlement price increased by 1.5% from the previous day, reaching the week’s highest price of $69.52 per barrel. The lowest settlement price of the week was
Europe: Brent oil and CO₂ futures dip while TTF gas prices stay stable Read More »
Croatian oil company INA has commenced production at its Jamarice-183 well, located in the Jamarice exploitation field around 100 kilometers southeast of Zagreb. Since mid-July, the well has been producing approximately 33,500 cubic meters of natural gas per day, representing a notable boost to INA’s upstream operations. Drilled in 2022 to a depth of 2,079
The Serbian Government has introduced a regulation setting maximum retail prices for Euro diesel and Euro premium BMB 95 petrol. The regulation outlines the formula used to calculate these price caps and specifies the conditions for their application. The cap for both Euro diesel and BMB 95 petrol is determined by adding a fixed margin
Serbia: Government sets six-month price caps on euro diesel and premium petrol Read More »
Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, has announced the launch of the second round of internships for students specializing in oil and gas, offering them the opportunity to join the state-owned company Alpetrol. “In 2024, the Ministry of Infrastructure, in cooperation with Alpetrol, initiated a new project aimed at young
Albania launches second internship call to boost youth employment in oil and gas sector Read More »
Kazakhstan’s national oil company KazMunayGaz and Hungary’s MOL Group have agreed on the volume of Kazakh oil to be delivered by pipeline to Budapest, though negotiations over pricing are still ongoing. In February, Hungary reached an agreement to import Kazakh crude following the European Union’s decision to completely phase out Russian oil imports by the
Kazakhstan and Hungary finalize oil volume deal, but pricing talks delay first shipments Read More »
Despite recent testing conducted in June on the JANAF crude oil pipeline, the assessments offered by Hungary’s oil and gas group MOL and Croatia’s pipeline operator JANAF have revealed a sharp divergence in views. MOL maintains that it requires firm guarantees of uninterrupted oil delivery through Croatian territory at competitive rates—assurances it claims JANAF has
INA’s Rijeka refinery has successfully produced sustainable aviation fuel (SAF) for the first time, converting a blend of renewable feedstock during a pilot operation at its existing hydrocracking facility. This trial also resulted in significant volumes of hydrotreated vegetable oil (HVO) diesel, marking a major step forward in the refinery’s transition to low-carbon fuel production.
Croatia: INA’s Rijeka refinery produces sustainable aviation fuel in landmark pilot run Read More »
During the second week of July, Brent oil futures for the Front Month on the ICE market generally followed an upward trend. The exception was Thursday, July 10, when the settlement price dropped by 2.2% from the previous day, reaching the week’s lowest settlement price of $68.64 per barrel. However, on Friday, July 11, prices
After a long period of regulation, the Croatian Government has decided to allow its biweekly fuel price cap to expire. The measure, which set maximum retail prices for gasoline, diesel, blue diesel, and liquefied petroleum gas every two weeks, will no longer be renewed. Going forward, domestic fuel distributors will be free to set their
Croatia: Government ends biweekly fuel price cap, emphasizes market stability Read More »
