Russia is considering divesting its controlling interest in Serbia’s Naftna Industrija Srbije (NIS), which operates the Pancevo refinery, as sanctions continue to weigh on Russian downstream assets in Europe, Serbian President Aleksandar Vucic indicated in remarks cited by Hungary Today. Hungarian energy group MOL has been mentioned as a potential buyer, signaling possible regional consolidation in the refining sector and potential shifts in crude sourcing and product flows that could influence sentiment in the global oil market, including benchmark Oil – Brent Crude.
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Over the past month, Brent prices have advanced about 9.03%, reflecting a combination of geopolitical risk premium, tighter supply expectations, and improving demand signals that frame the backdrop for any strategic asset sales involving regional refineries. From a short‑term trading perspective, the 1-day technical outlook for Brent stands at Buy, suggesting near-term bullish momentum remains intact as the market assesses potential ownership changes in Balkan refining infrastructure and their impact on regional crude balances.