OIL AND OIL DERIVATES
Serbia’s NIS sees Q1 profit jump to EUR 132.7m
Date: 16.05.2022 Author: Maja Žuvela
Photo: NIS
On the back of higher oil prices, the Serbian oil group NIS has posted a Q1 profit of EUR 132.7m, up from EUR 12.7m in the same quarter a year earlier, it said on Friday.
Oil prices fall but supply fears continue to spark concern
Date: 16.05.2022 Author: Robin Newbold, Montel
Photo: Victor Habbick via FreeDigitalPhotos
Oil prices were falling on Monday after investors took profit amid a jump in the previous session but supply concerns continued to see prices trade well above USD 100/bbl.
Oil rises amid continued concerns over possible Russia ban
Date: 13.05.2022 Author: Robin Newbold, Montel
Photo: Montel
Oil was rising on Friday amid concerns of a possible EU ban on Russian crude exports hanging over the market.
Romanian senate passes offshore law amendments
Date: 12.05.2022 Author: Peter Palcec
Photo: OMV Petrom
The Romanian senate passed a set of amendments to Romania’s offshore law on Wednesday which should unlock major offshore oil and gas projects in the Black Sea and lead to the country’s energy
Embargoes hit Russian oil by 1m bbl/day in April – IEA
Date: 12.05.2022 Author: Jeff Coelho, Montel
Photo: Tanja S. Volarič
Russia shut in nearly 1m bbl/day in April, driving down world oil supply to 98.1m bbl/day, the International Energy Agency said on Thursday.
Oil softens in range-bound trading, eyes on EU embargo plan
Date: 12.05.2022 Author: Jeff Coelho, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices drifted lower in range-bound trading on Thursday as the prospect of flagging global demand outweighed concerns about near-term tightness of supply amid EU efforts to curb Russian crude
Brent crude prices rebound from 2-week low
Date: 11.05.2022 Author: Jeff Coelho, Montel
Photo: Alenka Lena Klopčič
Oil prices edged higher early on Wednesday as concerns about tightening supply helped the Brent crude benchmark rebound from a two-week low reached in the previous session.
Oil prices fall as EU’s Russian embargo to be watered down
Date: 10.05.2022 Author: Robin Newbold, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices continued their fall on Tuesday, for the second successive session, amid the EU’s possible watering down of sanctions against Russian crude imports as the bloc struggled to reach
Bulgaria seeks exemption from excise duties on power and gas
Date: 09.05.2022 Author: Peter Palčec
Photo: Plinovodi
Bulgaria will request that the European Commission grant it an exemption from excise duties on electricity and natural gas, its government said in a press release last week.
Gazprom Neft gives up control of Serbia’s NIS to avoid sanctions
Date: 09.05.2022 Author: Maja ŽuvelaPhoto: NIS
Serbian president Aleksandar Vucic announced on Friday evening that Russian oil producer Gazprom Neft had sold a 6.15% stake in Serbia’s NIS oil group to its parent company Gazprom to circumvent EU
Oil softens as EU yet to agree proposed Russian embargo
Date: 09.05.2022 Author: Robin Newbold, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices were falling on Monday as EU nations had yet to agree on proposals to phase out Russian crude, though G7 countries pledged this weekend to cut imports from the country.
Oil prices firm on supply tightness, US buyback plan
Date: 06.05.2022 Author: Jeff Coelho, MontelPhoto: Victor Habbick via FreeDigitalPhotos
Oil prices traded a shade higher early on Friday, buoyed by ongoing signs of tight supply and a US plan to start refilling its emergency petroleum reserve by buying back 60m barrels at competitive
