By 2025 oil continues to shape key parts of South-East Europe’s energy and economic landscape. It remains critical for transport fuels, industrial feedstocks, backup power generation in price spikes and inflation dynamics. Unlike electricity and gas, oil systems in the region are almost entirely net import dependent, but the presence or absence of refining capacity, […]
Serbian oil company NIS has gained short-term relief after US authorities granted permission for the company to continue operating until 23 January, easing immediate pressure on the country’s fuel supply chain. The authorization allows the Pančevo refinery to resume activity following weeks of disruption caused by sanctions-related constraints. The temporary approval is closely tied to
US grants NIS temporary operating license, easing Serbia’s fuel supply pressure Read More »
Serbia has taken a concrete step to diversify its crude oil supply routes with the launch of a public tender for a new cross-border pipeline connecting Hungary to Novi Sad. The procurement, opened by state-owned pipeline operator Transnafta, covers both construction works and technical supervision for the project. The proposed pipeline is considered a strategic
Serbia advances oil supply diversification with new Hungary–Novi Sad pipeline tender Read More »
The latest comparisons of retail fuel prices reveal a clear divide across southeastern Europe, with Bosnia and Herzegovina and North Macedonia continuing to rank among the most affordable markets, while Serbia and Slovenia sit at the top of the regional scale, especially when it comes to diesel. For unleaded petrol (BMB 95), Slovenia records the
A region divided at the pump: Southeastern Europe’s growing fuel price gap Read More »
In South-East Europe, energy policy has never truly been about kilowatt-hours, barrels or cubic meters alone. It has always been about alignment, leverage, identity, security, credibility and survival. In 2025, that truth is clearer than ever. Serbia stands at the center of a shifting regional energy order, not by choice, but by geography and necessity.
Serbia’s oil sector in 2025 lives inside one of the most geopolitically sensitive energy architectures in Europe. Unlike electricity, which Serbia partially controls through domestic generation, or gas, which is structurally and visibly linked to pipeline geopolitics, oil exists in a quieter but more complex zone: a place where the ownership of core national infrastructure
Between Moscow, Brussels and the barrel: Serbia’s oil politics laid bare Read More »
In Serbia’s energy debate, electricity usually absorbs attention. Gas dominates geopolitical discourse. Oil, meanwhile, runs the country quietly, relentlessly, with far greater financial significance than public conversation implies. In 2025, oil in Serbia is not simply a commodity. It is an economic baseline, a macro-stability factor, a logistics enabler, a fiscal policy influencer and, most
Oil rarely dominates Serbia’s public debate in the way electricity does. Power outages, hydropower droughts, EPS controversies and regional electricity prices tend to attract louder attention. Yet oil quietly sits at the core of Serbia’s economic security, industrial continuity and transport reality. In 2025, the story of oil in Serbia is less dramatic on the
Oil occupies a profoundly different strategic place in Southeast Europe’s economic architecture compared with gas or electricity. Where electricity represents future orientation and gas represents security vulnerability, oil represents continuity. It remains the backbone of transport, logistics, petrochemicals, heavy industry and mobility. It fuels economic circulation, maintains industrial lifelines, shapes price stability and directly influences
During the fourth week of December, Brent oil futures for the front month on the ICE market reached a weekly high of $62.38/bbl on Tuesday, December 23. By Friday, December 26, the weekly low was recorded at $60.64/bbl, still 0.3% higher than the previous Friday. Prices were supported by US-Venezuela tensions and attacks on energy
Europe: Brent, TTF gas, and CO₂ futures show volatility in late December Read More »
