Hungary: Foreign Minister offers support as Serbia faces oil supply crisis Read More »

Hungary: Foreign Minister offers support as Serbia faces oil supply crisis

Hungarian Foreign Minister Peter Szijjártó arrived in Belgrade to discuss how Hungary can help Serbia after the suspension of crude oil deliveries from Croatia. His visit comes amid growing concerns in Serbia, following President Aleksandar Vučić’s warning that the NIS refinery in Pančevo could halt operations within days unless US sanctions are lifted, potentially disrupting […]

Slovenia: Net electricity generation drops 49% in October 2025 Read More »

Slovenia: Net electricity generation drops 49% in October 2025

Slovenia’s net electricity generation fell sharply in October 2025, declining by 49 percent compared to the same month last year, according to data from the Statistical Office of the Republic of Slovenia. Total net output reached 766 GWh, an 18 percent decrease from September. Thermal power plant generation increased by 7 percent year-on-year, while hydropower

Serbia: Government moves to resolve NIS ownership deadlock within three months Read More »

Serbia: Government moves to resolve NIS ownership deadlock within three months

Serbian President Aleksandar Vučić announced that the Government has unanimously endorsed his proposal to give the Russian side 50 days to identify a new buyer for NIS. If no agreement is reached within that timeframe, Serbia plans to intervene, appoint its own management, and then offer Russia the highest price it can reasonably pay for

Serbia: NIS prepares temporary shutdown of Pancevo refinery after US sanctions Read More »

Serbia: NIS prepares temporary shutdown of Pancevo refinery after US sanctions

The Pancevo oil refinery has begun preparations for a temporary shutdown after US Treasury sanctions imposed on NIS disrupted crude oil deliveries, the company announced. Refinery operations have entered an initial phase in which processing units are being placed into hot circulation, a controlled mode that keeps equipment operational without full production. NIS said the

North Macedonia maintains full domestic electricity supply in September 2025 Read More »

North Macedonia maintains full domestic electricity supply in September 2025

Electricity consumption in North Macedonia reached 373,518 MWh in September 2025, while natural gas use totaled 19.4 million cubic meters. Coal consumption amounted to 368,114 tons, and the use of petroleum products stood at 95,577 tons. According to the State Statistical Office, domestic production covered 100 percent of electricity demand during the month, and 99.9

Greece moves forward with long-delayed Mesochora hydropower plant Read More »

Greece moves forward with long-delayed Mesochora hydropower plant

The Greek Ministry of Environment and Energy has confirmed that the long-delayed Mesochora hydropower plant in Trikala will finally advance, bringing an end to more than two decades of legal battles and halted construction. Although the project was officially revived in 2021–2022, decisive action is only now being taken to move it toward completion. A

Europe: Gas prices slide as warm weather forecasts and Ukraine peace hopes hit the market Read More »

Europe: Gas prices slide as warm weather forecasts and Ukraine peace hopes hit the market

European natural gas futures fell below €31/MWh in the third week of November 2025, as forecasts pointed to milder weather and optimism grew around renewed peace efforts in Ukraine. The latest U.S. proposal raised hopes that a negotiated settlement could ease geopolitical tensions and potentially relax sanctions on energy exports—both of which exerted downward pressure

SEE electricity markets diverge: Prices ease, demand rises, wind power soars Read More »

SEE electricity markets diverge: Prices ease, demand rises, wind power soars

During Week 47 of 2025, electricity prices in Southeast Europe (SEE) declined moderately across most markets compared to Week 46, largely due to falling gas prices. With the exception of Greece, all SEE markets posted weekly average prices above €100/MWh, while the regional average hovered around €110/MWh. Prices began the week at elevated levels, peaked

Europe: Brent falls to one-month low as peace talks pressure oil and gas markets Read More »

Europe: Brent falls to one-month low as peace talks pressure oil and gas markets

Brent crude futures for the Front Month on the ICE exchange hit their weekly peak of $64.89/bbl on Tuesday, November 18, before shifting into a downward trend. By Friday, November 21, they had fallen to $62.56/bbl, marking the week’s lowest settlement price—2.8% below the previous Friday and the lowest level since October 22, according to

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