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Sanctions Halt Oil Flows to Serbia as Russian-Owned NIS Faces Refinery Shutdown
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Why This Matters
US sanctions on Russia-owned NIS have halted oil flows to Serbia, potentially leading to a fuel shortage ahead of winter, as a shipment of Kazakh crude remains blocked at a Croatian terminal.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
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Bearish
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Article Context
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Russia-owned Naftna Industrija Srbije (NIS) has halted crude processing as U.S. sanctions choke oil flows to Serbia, triggering fears of a fuel shortage ahead of winter. A shipment of roughly one million barrels of Kazakh KEBCO crude that arrived at Croatia’s Omisalj terminal on 9 October remains blocked after deliveries through the JANAF pipeline were suspended on 8 October, according to multiple industry sources cited by Reuters on Friday. The U.S. Treasury’s Office of Foreign Assets Control allowed a sanctions waiver on NIS…
Original article published by
OilPrice.com
on October 24, 2025.
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