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…
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…
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…
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,…
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…
Russia’s Central Bank estimates crude oil at 40 USD by 2019 end
The bank’s report says possible decision on freezing oil production will not have significant effect on rebalancing oil market. Russia’s…
MOL Group included in the Dow Jones Sustainability Index
MOL Group has once again been part of the Dow Jones Sustainability World Index (DJSWI). This places the company in…
ENGIE to readjust its development strategy in Romania
The energy transition is taking place extremely fast, not only in Europe, but worldwide, and this turns it into a…
Germany accuses Fiat of using illegal emissions device
Germany found unusual increases in the emissions of four Fiat Chrysler vehicles, and Berlin therefore accuses the Italian-American carmaker of…
Natural gas producers and suppliers are invited on centralized markets under threat of fines
The manufacturers and suppliers of gas will have to conclude agreements on centralized markets for at least 5% of the…
A new tax to make Romanian fuels more expensive by more than 1%
Moving the environment tax stamp within the fuel cost will bring consumers and hauliers an additional cost of over 1%,…
Aristotel Jude: By 2021, we will certainly be in a free market for natural gas
Gas producers will no longer be required to give with priority to providers the quantities needed to cover the demand…
Government is working on a major revamp of the legal framework for O&G
Natural gas market in Romania is at a crucial moment which requires extensive changes in legislation within a very limited…
I. Iancu (RNC-WEC): Energy efficiency can be one of the country projects for Romania
Reducing energy intensity is one of the opportunities for development of the Romanian economy, believes Iulian Iancu, President of the…
Amazon opens sale points in Shell gas stations in Germany
The world’s largest online retailer is teaming up with oil giant Shell and its German gas station chain to create…