OMV Petrom’s fuel sales up 9% in Q1 2022 compared to Q1 2021
OMV Petrom’s total sales of refined products were 5% higher in Q1 2022 compared to Q1 2021 as a result…
EU must prepare for rationing gas
EU countries are scrambling for new sources of gas to phase out Russian fossil fuels and punish Moscow for its…
ANPC fined gas stations with over 6.7 mln. lei for incorrect commercial practices
The National Authority for Consumer Protection has fined by 6.720 million lei a number of 608 economic operators in the…
Amendments to the Offshore Law reach Parliament; will they be enough?
The ruling coalition leaders have sent the offshore law in Parliament and are announcing the existence of a political majority…
PKN ORLEN Group to double the number of its service stations in Slovakia
ORLEN Group of Poland is going to add 25 new locations to its network of service stations in Slovakia. By…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
Germany is activating the emergency plan to guarantee gas supplies
Germany on Wednesday activated the first phase of the emergency plan to guarantee the supply of natural gas, in the…
Capping energy tariffs will have a positive impact on consumers
The capping of energy tariffs will certainly have a positive impact on consumers during the application period, but the effect…
Energy and gas price cap, in effect from April 1
The new emergency ordinance that aims to cap the prices of electricity and natural gas for a period of 12…
Traders: There will be problems with the supply of petrol and diesel due to the war
Energy and commodity markets are in shock after Russia’s invasion of Ukraine, leading trading companies warned, warning that there could…
ING will no longer fund new oil and gas projects
Dutch banking group ING will no longer finance new oil and gas projects, ING energy director Michiel de Haan told…
Cîțu: Excise tax cut on fuel is no longer on the table of the governing coalition
The president of PNL, Florin Cîţu, declared on Tuesday that the reduction of the excise tax on fuel is no…
Minister: Starting this year, we will have an additional 1 billion cm of gas
Romania will have natural gas from other sources next winter, including from the Black Sea, and starting this year we…
Nagy-Bege: Prices have risen 2-3 times, energy efficiency has new meaning
Energy consumers will be helped from the state budget from April 1, but from next year they should reduce their…
Chirițoiu: Capping energy prices should be done at a level as high as possible and without compensation from the budget
The Competition Council recommended to the Government that a possible capping of energy prices be at the highest level, without…
Slovenia caps fuel prices
The Slovenian government has decided to set the price of petrol and diesel at 1.503 and 1.541 euros per liter,…
INS: Natural gas prices have risen by almost 45% in 2021
Natural gas, edible oil, potatoes and fuel have become the most expensive in the last year, while the only reduction…
Gas prices continue to fall after Russia ruled out an export ban
Reference prices for natural gas in Europe fell on Friday, for the fourth day in a row, after Russia announced…
Brent oil prices have risen by more than 3% amid supply uncertainties
The price of a barrel of Brent oil supplied in May rose by more than 3% on the London futures…
MOL cuts fuel prices by almost 1 RON on Friday morning; prices fell below 9 RON/liter in Bucharest
The fuels sold in the MOL Romania network became cheaper by almost one leu (1 RON) on Friday morning at…
Concordia: There are no premises for a rapid rise in fuel prices
We are witnessing an unjustified panic that has been reflected in queues at gas stations, despite the fact that there…
ANPC ponders confiscating profits generated by the gas stations following the sale at artificially increased prices
The authorities are considering the confiscation of the revenues made by the gas stations following the sale with artificially increased…
PwC: Cutting VAT to 5% would lead to a invoice decrease of about 12%
The accelerating rise in energy prices in recent months and the impact of the war in Ukraine require EU member…