US extends operating license to Serbia's Russian-owned oil refiner until February 20th

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US extends operating license to Serbia's Russian-owned oil refiner until February 20th

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Newsquawk European Market Wrap - 23rd January 2026

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Context

extending the operating license to Serbia's Russian-owned oil refiner suggests a continued normalization of trade relations despite ongoing geopolitical tensions. This could impact oil supply dynamics in the region, potentially influencing WTI prices if the situation escalates or changes going forward. Monitor the response from other stakeholders in the EU and how it may affect broader energy market sentiment.

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