Oil prices turn lower despite hints Russia and Saudi Arabia are very close to a deal
Oil prices fell on Monday, reversing earlier gains after the CEO of Russian sovereign wealth fund RDIF told CNBC that…
Hungary announces a new gas pipeline
Hungary announces the creation of a new pipeline that will increase the transport capacity from Serbia by 60%, according to…
EU: 100 mln. of smart meters for electricity, 16 mln. for gas
As of 2018, 34% of total electricity metering centers and 14% of gas ones were equipped with a smart meter,…
Competition authorized the deal between Socar and Aral
The Competition Council has authorized the transaction by which Socar Petroleum intends to assume the right of use on six…
R. Dudău: If well enforced, utility payment deferral can be really helpful to energy suppliers
The think-tank Energy Policy Group has launched in public debate a first analysis of the draft law on utility payment…
Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
Fuel stations in Bulgaria: Consumption dropped 40 – 80% because of the state of emergency
After Bulgaria declared a state of emergency because of the coronavirus, fuel consumption dropped by more than 40% in major…
Utility payment deferral – change proposals from EPG
The draft law on the utility payment deferral for three months is based on a fair idea of social protection,…
Virgil Popescu: Low oil prices could endanger the functioning of the oil and gas industry
The oil and gas industry is also hit by the current crisis, and very low oil prices may jeopardize the…
Global investments in E&P are expected to fall in 2020 by $100 bln, or 17%
The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to…
BRM: Gas prices have dropped steadily, interventions have negative effects
Bogdan Tudorache In the first quarter of the year, natural gas transactions showed a clear increase compared to the similar…
Two new projects approved by the Kazakh-Romanian Energy Investment Fund
The Kazakh-Romanian Energy Investment Fund (FIEKR) has recently approved two new investment projects in total amount of USD 43 million…
Romgaz: Prices on the gas market will decline, we prepare for investments
“It is clear that prices on the gas market will continue to decline – we have had a warm winter,…
Romgaz donates 800,000 euros to equip the ATI sections of the emergency hospital in Sibiu
Romgaz announced today in an online press conference that it offered 3.98 million lei in financial support to the Sibiu…
We released the 26th issue of the Energynomics Magazine – fully accessible online!
The 26th edition of Energynomics Magazine was launched on Tuesday, March 31st; it is fully and freely accessible like all the other…
Popescu: We will issue an order explaining the measure regarding the price cap
Economy Minister Virgil Popescu said on Monday that an order will be issued explaining the measure on capping prices for…
Gas price cap, a populist decision that favors gas importers and suppliers – not consumers
Bogdan Tudorache The capping of the price of natural gas (together with the prices of other utilities), recently taken by…
Coronavirus: Oil price collapses to lowest level for 18 years
The price of oil has sunk to levels not seen since 2002 as demand for crude collapsed amid the coronavirus…
Prices for electricity and heat, gas, water and fuels – capped during the state of emergency
The Minister of Internal Affairs, Marcel Vela, announced on Sunday evening that prices for electricity and heat, gas, water, waste…
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as…
OMV Petrom donation of 1 mln. euro, used for the purchase of 10 iPonatic equipment and 300 Covid rapid diagnostic test kits
The Romanian Red Cross, with the financial support of OMV Petrom, purchased 10 COVID rapid test equipments and 300 test…
Chiriţoiu: The price of gas should fall for all consumers from July 1st
The price of gas should fall for all consumers from July 1, when the gas market will be completely liberalized,…
Rompetrol supports the authorities of the Republic of Moldova with fuel in the fight against the spread of the COVID-19 virus
KMG International, through its subsidiary Rompetrol Moldova, will donate 6,500 liters of fuel to the local authorities in Chisinau, Soroca,…