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…
The price of crude oil remains above 40 dollars/barrel after a turbulent week
The price of oil futures fell slightly, on Friday, after two days of strong growth that led the prices over…
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…
Increasing stocks bring oil prices even lower
Money managers have never been more certain that oil prices will drop. They increased bets on falling crude by the…
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…
Reinhard Florey, new member of the Supervisory Board of Petrom
Reinhard Florey, who earlier this year held the position of CFO of OMV, is the new member of the Supervisory…
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…
Bulgaria-Romania gas interconnector may be ready this September
The first pipeline of the gas interconnector between Bulgaria and Romania could be ready by early September, said Minister of…
OMV Petrom Q2 output falls 2.2% over the previous year
The hydrocarbon production of Romania’s top oil and gas group OMV Petrom dropped during the second quarter by 2.2% on…
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).…
Azerbaijan’s SOCAR, Romania’s Transgaz sign MoU for cooperation on natural gas transit
A memorandum of understanding (MoU) has been signed between Azerbaijan’s State Oil Company (SOCAR) and Romania’s state-owned company Transgaz, SOCAR…
