Renewal of EBRD loan to Ukraine’s Naftogaz will depend on reform progress
The European Bank for Reconstruction and Development will not renew a loan facility provided to Ukrainian state-run firm Naftogaz for…
Electric cars only half as profitable at first: Daimler
Daimler has set a new target of saving 4 billion euros ($4.8 billion) by 2025 to help offset the lower…
RCE and KELER CCP, ready to launch forward contracts for gas from November
Forward contracts for natural gas with central counterparty guarantee are ready for launch on the Romanian Commodities Exchange (RCE). RCE…
Fuel excises to grow in two legs, on Sep 15th and Oct 1st
Finance Minister Ionuţ Mişa announced on Wednesday, at the beginning of the Government meeting, that excise taxes on fuel will…
Competition works, but liberalization is still far from being completed (EBC, Aug 30)
This is the brief description of the situation in Romania’s energy markets – electricity and natural gas, a description which…
Gazprom expects no changes to key projects from new US sanctions
Gazprom said on Aug. 14 that new U.S. sanctions against Moscow would not result in the Russian gas exporter having…
US shale boom ends OPEC’s power to crush
For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for…
KMGI to expand fuel station network in Romania and Bulgaria
Oil refiner KMG International (KMGI) wants to open more petrol stations in Romania and Bulgaria and is on the lookout…
OMV Petrom’ S1 numbers – an Econ 101 lesson for Gov’t
OMV Petrom announced a net profit of 1.21 billion lei in the first half of this year, nearly three times…
Is the price of fuel low? The Ministry of Finance proposes the reintroduction of over-excise
The Ministry of Finance proposes the reintroduction of the over-excise on fuels, a measure that could lead to an increase…
MOL raises bar for 2017 after H1 good results
MOL Group announced all business segments increased their earnings in H1, implying a 23% growth of Clean CCS EBIDTA in…
Audi prepares the transit to e-cars: will invest 10 billion euro
Audi aims to cut costs by 10 billion euros ($12 billion) by 2022 to help fund a shift to electric…
Oil near two-month high as producers set to meet again
Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this…