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OIL AND OIL DERIVATES

Serbia’s NIS sees Q1 profit jump to EUR 132.7m

Date: 16.05.2022 Author: Maja Žuvela
Serbia’s NIS sees Q1 profit jump to EUR 132.7mPhoto: 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
Oil prices fall but supply fears continue to spark concernPhoto: 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
Oil rises amid continued concerns over possible Russia banPhoto: 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
Romanian senate passes offshore law amendmentsPhoto: 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
Embargoes hit Russian oil by 1m bbl/day in April – IEAPhoto: 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, Montel
Oil softens in range-bound trading, eyes on EU embargo planPhoto: 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
Brent crude prices rebound from 2-week lowPhoto: 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, Montel
Oil prices fall as EU’s Russian embargo to be watered downPhoto: 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
Bulgaria seeks exemption from excise duties on power and gasPhoto: 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 Žuvela
Gazprom Neft gives up control of Serbia’s NIS to avoid sanctionsPhoto: 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, Montel
Oil softens as EU yet to agree proposed Russian embargoPhoto: 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, Montel
Oil prices firm on supply tightness, US buyback planPhoto: 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



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