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…
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…
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…
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…
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…
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…
Energy pole moves to Asia (Oil and Energy Investor)
Even if WTI (West Texas Intermediate, set in New York) and Dated Brent (set in London) may offer the impression…
Romgaz investment at Sărmăşel increases Romania’s storage capacity to 3.3 billion Ncm/cycle
Romgaz SA has put into service the new installation of the compression and dehydration plant of Sărmăşel (county of Mureş).…
Stronger North Asian demand, Brexit lift Asian spot LNG prices
Asian prices for liquefied natural gas (LNG) rose to their highest since February this week, pushed up by a rise…
MOL completes ENI acquisition in Slovenia, grows in Romania too
MOL Group completed the acquisition of ENI´s Slovenian Downstream business. The Hungarian company ended 2015 with 202 filling stations in…
The price of natural gas from domestic production stays at 60 lei/MWh until March 2017
The Cabinet has decided the purchase price of natural gas from domestic production for household consumers to remain unchanged until…
EU will vet member states gas deals with non-EU countries
The European Council decided on Monday that gas-related intergovernmental agreements between member states and third countries would be vetted by…