IEA: Global oil demand will slow in 2017
The International Energy Agency expects that in 2017, the oil demand will grow at a slower pace than in 2016…
Romania’s emergency oil stocks set at 1.24 mln. toe
The levels of the emergency stocks for crude oil and petroleum products was set at about 1,24 million tons of…
First part of Turkish Stream to be built by December 2019
The Russian Minister of Energy Alexander Novak argued that the execution of the first section of Turkish Stream gas pipeline…
Gheorghe: Petrom’s fuel sales exceeded the market average
Sales of gasoline and diesel increased by 5.6% in the first half of this year compared with the same period…
MOL’s Panfora Oil and gas to start exploring in two oil blocks in western Romania
The Hungarian oil group MOL, through Panfora Oil and Gas, starts exploring in two oil blocks in western Romania, Voivozi…
The world’s energy engine is slowing
China’s imports of crude oil, coal and natural gas slowed in July, offering no solace for producers hoping demand from the…
In insolvency, Astra refinery ups losses by about 20%
The refinery Astra Romana recorded in the first quarter of 2016 a gross loss of 1.57 million lei, almost 20%…
OMV Petrom dropped out 1,200 employees in the last 12 months, with reduced Upstream operations
OMV Petrom recorded a net profit of 408 million lei, after the first six months of the year, while procedeed…
Transgaz pays 775,000 euros for security services
Transgaz pays 775.000 euros for security services The National Company for Transport of Natural Gas Transgaz Medias, will pay 3.45…
OPEC: Oil prices may rise in the second half
The oil market is currently balancing, despite the recent decline in world prices, said Mohammad bin Saleh al-Sada, Minister of…
Transgaz: Gas demand will be of 6.6 mln. MWh in August
The overall demand for natural gas in August 2016 is estimated at nearly 6.6 (6.583) million MWh, according to the…
The low oil price creates new deflationary fears
The low oil price, of just USD 40 per barrel, after barely returned to 50 dollars, creates new deflationary fears,…
MOL reports record Romanian sales in H1
MOL Group’s retail sales volumes in Romania (including fuels, LPG and lubricants) rose 16% in H1, to 311 kt, thanks…
The price of crude oil remains above 40 dollars/barrel after a turbulent week
The price of oil futures fell slightly, on Friday, after two days of strong growth that led the prices over…
The potential of the Black Sea will be discussed at the 4th Black Sea Oil and Gas Conference, in Sofia
energynomics.ro is proud to support, as a media partner, the 4th edition of Black Sea Oil and Gas Conference on 20–…
Rompetrol Downstream opened two new filling stations in the first half of 2016
KMG International, through its company Rompetrol Downstream, opened two new filling stations in the first half of the year and…
MOL Group ups Central & Eastern Europe number of filling stations to 2,000
MOL Group completed the acquisition of the entire share capital of ENI Hungaria, a company managing 173 Agip branded service…
Increasing stocks bring oil prices even lower
Money managers have never been more certain that oil prices will drop. They increased bets on falling crude by the…
Yahoo’s giving up on old Messenger forces oil men to move on to other platforms
For the oil industry, Yahoo Inc’s decision this week to sell its core business to Verizon Communications Inc for $4.8…