Russia agrees to cut oil production, but for just six months
It is reasonable to freeze crude production for six months with potential prolongation, Russia’s Energy Minister Alexander Novak said, quoted…
Global demand for energy will peak in 2030 (WEC)
Global demand for energy per capita will peak in 2030 thanks to new technology and stricter government policies, the World…
Oil Terminal to raise capital over 5 times to 71 mln. Euro
Oil Terminal majority shareholders representing almost 78% of equity decided yesterday to increase the share capital from nearly 58.2 million…
Romanian International Trade Summit (Romexpo)
In the last few years Romania is constantly facing with a trade balance shortage, the amount of exports is always…
OPEC is set to further cut output to keep a stable oil price
OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed…
The strategy will not change the energy mix, but does not rule out an increase in consumption of 2%
The energy strategy provides in one of the scenarios a growth in consumption of up to 1.5-2% annually, says Corina…
Gazprom’s export on the rise
The Russian group Gazprom announced that in the first nine months of this year its exports of natural gas to…
UniCredit: Consumption will increase by 8.6%, inflationary pressures if oil jumps over 65 USD
The annual inflation could rise from almost zero at the end of 2016, to more than 1% in the first…
Mark Wagley, ROPEPCA: Let’s keep the jobs and revenue in Romania!
All discussions on Romanian O&G industry begin with aknowledgements on the long and strong history this industry has. However, the…
Rosneft offers 5 bln. USD for the majority stake in Bashneft
Russian oil giant Rosneft could be offered the controlling stake of 50,08% in the medium-sized oil producer Bashneft for some…
Russia and Norway in talks over gas exports to Europe
Russian Energy Minister Alexander Novak has discussed with his Norwegian counterpart Tord Lien common interests on the European gas market,…
For the US and Romania, energy comes first after the rule of law and military security
Robust security cooperation is a vital part of the U.S.-Romania Strategic Partnership, says the joint press release from the of…
16 energy companies in Romanian top 50 by turnover, in 2015
16 energy companies appear in the top of the 50 biggest companies from Romania in 2015 compiled by Ziarul Financiar.…
Raiffeisen: Oil to grow to 55 USD per barrel in 2017
Oil prices are likely to remain stable between USD 45 and 50 per barrel of Brent until early 2017, which…
When everything depends on OPEC
The pump-and-dump strategy introduced by Saudi Arabia in November 2014 was called off Wednesday when Opec members meeting in Algiers…