Oil - Time

European Union

24.February 2026. NM

Ukraine without electricity and financial aid: Slovakia and Hungary are undermining the wartime unity of the EU

Slovakia suspended the supply of electricity to Ukraine, while the European Union's foreign ministers, due to Hungary's opposition, did not reach an agreement on the 20th package of sanctions against Russia, nor on a loan of 90 billion euros

The oil industry of Serbia

20.February 2026. Marija L. Jankovic

How Vučić "relaxed" about the fate of NIS

The NIS license expires on Saturday, February 21 at 6 a.m., as oil prices rise. This time, Aleksandar Vučić is not setting fire to the regime's media and not scaring citizens that everything will stop, like in the past

Petroleum industry of Serbia

13.February 2026. KS

NIS submitted an application to OFAC for a new license

Before the old one expired, NIS requested a new operating license from OFAC

The oil industry of Serbia

23.January 2026. B. B.

NIS license extended until February 20

In a letter to the Serbian Ministry of Finance, OFAC stated the conditions under which the operational license for the Serbian Oil Industry is valid

NIS

18.January 2026. B. B.

The production of oil derivatives at the Refinery in Pancevo has begun

"Almost 2.000 employees at the Pančevo Oil Refinery are busy working on production. Euro diesel will be at the pumps from January 27," said the Minister of Mining and Energy, Dubravka Đedović Handanović.

Trump's New Order (III)

14.January 2026. Bosko Jaksic

After Venezuela, nobody laughs anymore

We are witnessing a disturbing situation: while Europeans are defending the sovereignty of Ukraine, Trump has trampled on the sovereignty of Venezuela, and on the occasion of Greenland, he is threatening the sovereignty of Denmark. The mayhem game has just begun. World leaders are trying to figure out how to deal with the wave of Trump's new rendition of American imperialism. After the military operation in Venezuela, the question arises as to what this aggressive, neo-colonial move, directly contrary to international law, means for the rest of the world.

NIS

14.January 2026. B. B.

New economy: What will NIS do to MOL, when it has three refineries and over 2.400 gas stations?

MOL produces 92.000 barrels of oil and gas daily in its three refineries and has reserves estimated at 348 million barrels. In addition, it owns 2.400 gas stations. Then why does the Hungarian company also want NIS

Naphtha

14.January 2026. Thomas Coleman (DW)

Earthquakes in Iran and Venezuela: Will oil markets explode?

Venezuela has the largest oil reserves in the world, but mostly heavy oil. Iran is suffering the consequences of international sanctions targeting its oil industry. Both countries are rocked by unrest

US sanctions on NIS

13.January 2026. IN THE

The Pancevo refinery is back in operation: The first quantities of oil after a hundred days of downtime

After the interruption of transportation due to US sanctions, the refinery in Pancevo receives crude oil again. Minister Đedović Handanović pointed out that an additional 35.000 to 45.000 tons is expected next week, which enables the continuous operation of the refinery.

Minister of Mining and Energy Dubravka Đedović Handanović

Naphtha

12.January 2026. B. B.

Đedović Handanović: From midnight, oil from JANAF leaves for the refinery in Pančevo

"The refinery in Pancevo will start operating around January 16, in any case before the end of the week," says Minister of Mining and Energy Dubravka Đedović Handanović

Crude oil

07.January 2026. NM

The US and Venezuela reached an agreement on oil exports

Washington and Caracas reached an agreement on the export of two billion worth of Venezuelan crude oil to the United States, US President Donald Trump said.

A man with glasses is gesturing as he speaks.

NIS

04.January 2026. B. B.

Vučić: The refinery in Pancevo will process oil from January 25 or 26

The President of Serbia, Aleksandar Vučić, said that he hopes that the first 85.000 tons of oil will arrive by January 13 or 15, that the refinery will start working on January 17 or 18, and that processing will begin on the 25 or 26

The building of the Oil Industry of Serbia

NIS

02.January 2026. B. B.

The short-term importance of extending the license to NIS

The entry of MOL into the ownership structure of NIS would mean a change in strategic orientation for NIS and a potential weakening of the integrated model, according to assistant professor at the Faculty of Economics Dr. Veljko M. Mijušković

NIS

31.December 2025. B. B.

The United States extended the license to work for the Serbian Oil Industry

The administration in Washington extended the operational license for the work of the Serbian Oil Industry (NIS) until January 23

President of Serbia

16.December 2025. KS

Vučić in Dnevnik RTS: About NIS and gas without concern, about institutions with contempt

The President announced "good news", regretted the lost investment in the General Staff and said that the Prosecutor's Office for Organized Crime has too much power

Perfect energy storm

11.December 2025. Radmilo Marković

The unbearable lightness of irresponsibility

At the end of 2025, thanks to the government's complete lack of interest in solving problems, Serbia found itself in a triple energy problem - it is not known how the saga with the Serbian Oil Industry will be resolved, it is not known where Serbia will buy gas in the future, and the Electric Power Company of Serbia is not doing well either.

US sanctions on NIS

08.December 2025. IN THE

Đedović Handanović: There are no alternatives to NIS gas stations in 51 places in Serbia

As many as 51 settlements in Serbia do not have an alternative to NIS gas stations, warned the Minister of Energy Dubravka Đedović Handanović, announcing that the state will deal with the supply in those areas because of US sanctions against this company.

Due to the introduction of restrictive measures by the United States of America, which came into force on October 9, the work of the Serbian Oil Industry has been hampered.

Energy Industry

03.December 2025. B. B.

Gazpromneft: The Serbian market is supplied with oil derivatives in the required quantities

Due to the introduction of restrictive measures by the United States of America, which entered into force on October 9, the work of the Serbian Oil Industry has been hampered

A new war is on the horizon.

03.December 2025. IN THE

War for oil: Will the US attack Venezuela?

Donald Trump announced ground attacks and said that planes should avoid Venezuela's airspace in the future

Inflation

30.November 2025. B. B.

If we only import and consume reserves, fuel prices and inflation will rise

"Petrochemistry will stop when it runs out of primary gasoline stocks, which is probably soon. All other branches of the economy and citizens will have problems if we have to rely entirely on imports and the consumption of reserves, because the price of fuel will rise, and thus inflation," warned energy security expert Petar Stanojević

Oil crisis

26.November 2025. Slobodan Bubnjević

The smell of recession

Considering that the gross social product of Serbia is about 80 billion euros, and Nisa's income in 2023 was about 3,4 billion, where the added value is about 300 million, the share in GDP growth is less than half a percent, but the shutdown of the refinery also affects the rise in prices, as well as the foreign exchange market and the inevitable rise in inflation

"We showed in this crisis what a face is. We did not destroy our policy in a difficult situation, we did not panic, nor destroy friendships, neither with those who imposed sanctions on us, nor with those from whom we could take property," said Vučić.

The oil industry of Serbia

26.November 2025. B. B.

Vučić: I call on the Americans to approve the license to NIS

The President of Serbia, Aleksandar Vučić, said that Serbia will not take anything away from anyone overnight, but rather gives a deadline of 50 days to find a solution for the ownership of NIS.

US sanctions on NIS

25.November 2025. AI

Vučić: The Government of Serbia gave the Russians 50 days to find a buyer

The plants of the NIS refinery in Pancevo are still operating, but they will be completely shut down in four days if the Americans do not extend the license to supply crude oil. Aleksandar Vučić gave the Russians 50 days to find a valid buyer for NIS, and if they don't do it, Serbia will place the company under state administration

US sanctions on NIS

25.November 2025. IN THE

The refinery in Pancevo will stop in four days if the USA does not extend the license

The refinery is not shut down yet, but will be in four days unless the US government grants a crude oil supply license.

Climate changes

21.November 2025. Holly Young / DW

Climate conference: Will the plan to phase out fossil fuels finally be adopted?

A plan to phase out oil, coal and gas is being discussed at the COP30 climate conference in Brazil. Yet billions continue to flow into the fossil fuel industry, and emissions continue to rise. Will that change now?

Energy Industry

19.November 2025. Slobodan Bubnjević

Great Oil Post

After the new, dramatic TV episode of the public meeting of the Government of Serbia on the American sanctions against NIS, the audience is sitting on the edge of their seats and waiting for next week with many open questions - how much time do we have, what do the authorities intend and what can be done at all? What really awaits us in the series finale

From the new issue of "Vremena"

19.November 2025. S. B.

Serbia without oil: Another month and a fire

The refinery in Pancevo will soon stop, if no solution is found for the sanctions against NIS. Reserves are not enough for the winter. Threats of shortages, black market and price increases