Search Results for crude oil
Romania Declares Crisis Situation on the Crude Oil and Petroleum Products Market
An emergency ordinance declaring a crisis situation on the crude oil and petroleum products market has officially come into effect in Romania. According to the Romanian Government, the ordinance applies to the period from April 1 to June 30, 2026,…
NIS Agrees on Crude Oil Imports via JANAF, Restart of Pančevo Refinery Expected Soon
Naftna industrija Srbije (NIS) has agreed on the import of the first quantities of crude oil via the Adriatic Pipeline (JANAF), creating the conditions for the restart of production at the Pančevo Oil Refinery. According to the company’s statement, the…
China’s Slowdown is Weighing on the Outlook for Global Oil Demand Growth
Monthly data reported by countries representing 80 percent of global oil demand for the first six months of 2024 are now available. The data confirm the sharp slowdown in the rate of growth in oil consumption. Global demand rose by…
Ban on Export of all Types of Oil Lifted
The Serbian government decided to lift the ban on the export of all types of oil after a complete review of the state of stocks, as well as record areas under sunflower planting. The competent institutions will continue to monitor…
Fuel Price, Excise, Strategic Reserves of Oil and Petroleum Products – What Do We Know About It?
Fuel prices plummeted again in February, causing concern in the local market, especially after additional forecasts that the cost of crude oil will continue to rise. Although it is impossible to stay immune to the changes happening in the global…
IEA Member Countries Agree to New Emergency Oil Stock Release in Response to Market Turmoil
The International Energy Agency’s 31 Member Countries agreed on Friday to a new release of oil from emergency reserves in response to the market turmoil caused by conflict between Russia and Ukraine, underscoring their strong and unified commitment to stabilizing…
Oil & Gas Execs Are Struggling To Attract Investors And Blaming Clean Energy
The Federal Reserve Bank of Dallas has released its Q2 2021 Energy Survey, and one thing is clear: oil and gas companies are struggling to find investors. The new report included special questions about expectations for a global crude oil gap,…