Continue Reading
Full article on OilPrice.com
U.S. Sanctions Force Serbia's Only Refinery to Shut Down
Market Intelligence Analysis
AI-Powered
Why This Matters
The US has denied a sanctions waiver to Serbia's only refinery, forcing it to shut down due to its majority ownership by Russian state energy firms, further straining relations between the US and Serbia.
Market Impact
Market impact analysis based on bearish sentiment with 73% confidence.
Sentiment
Bearish
AI Confidence
73%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The United States has denied a sanctions waiver to Serbian refinery Naftna Industrija Srbije (NIS), majority owned by Russian state energy firms and sanctioned by the United States, forcing Serbia’s only refinery to shut down, Serbian President Aleksandar Vu?i? said on Tuesday. “We expected to get a license from the US government for continued oil supplies to our refinery in Pancevo...but we have not received a positive decision from the US,” Vu?i? said at a briefing today, as quoted by the Tanjug news agency. …
Original article published by
OilPrice.com
on December 2, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.