Russia’s crude oil supplies at the highest level in three months
Moscow is sending massive amounts of crude to the market, even as it announced it will extend its voluntary decision…
Russia remains China’s main supplier of crude oil
Russia remained China’s largest supplier of crude oil in July, data published by the Beijing government showed on Sunday, even…
“El Krizis” the tornado-like energy crisis of last year; the history of a 100,000% price increase
The energy crisis of 2021-2022 was like a tropical tornado: unexpectedly hit, then went without advance warning, and done much…
Exiting natural gas it’s only feasible by 2050
Exiting natural gas is only feasible by 2050 but accelerating natural gas phase-out is the most efficient way to reduce…
Romania and Bulgaria should strengthen cooperation in the energy field
Romania and Bulgaria are very good partners and should continue their cooperation, especially in the energy field and will have…
Russia cuts currency sales as energy exports stabilize
Russia will reduce the amount of currency it plans to sell by early April as energy export earnings show signs…
József Balogh: From UE price cap to Russian fur hat (usanka)
The idea of price fixing is having a real renaissance in Central Europe. If any of the retired employees of…
Jozsef Balogh: An (almost) perfect match – the missed cooperation between the Romanian and Hungarian electricity systems
Coupling Eastern European electricity markets at the European level was a big mistake. This forced project was created to hide…
Hungary badly needs Black Sea gas, but Romania needs to clarify its offshore legislation
Hungary is in great need of gas from the Neptune perimeter in the Black Sea, due to its massive dependence…
Ukraine has stopped electricity exports; fast reaction from Transelectrica
The Ukrainian electricity grid operator, NPC UKRENERGO, was working on Monday evening to restore electricity supplies to the country after…
Moldovagaz needs state help to get through the winter
The Moldovagaz company will not be able to get through this winter without the help of the Chisinau government, because…
Two possible instruments to cap Russian wholesale gas prices under the EC’s scrutiny
The European Commission outlined two possible instruments to cap wholesale gas prices – one of which would be targeted at…
Hungary grants the license for two new reactors at Paks nuclear power plant
Hungary’s Atomic Energy Authority has granted construction licenses for two new reactors at the Paks nuclear power plant, which are…
Russia offers Asian countries discounts of up to 30% on oil contracts
Russia has approached several Asian countries to offer them possible long-term oil contracts at a discount of up to 30…
Russia threatens Europe with the “radioactive cloud” from the Zaporozhye plant
Russia’s Defense Ministry on Thursday published a map of countries that could be affected by radiation if 25 percent of…
Gazprom warns that European gas prices could rise by 60% this winter
Gazprom announced on Tuesday that European gas prices could rise by 60% this winter, to more than $4,000 per 1,000…
MOL paid the money owed by Russia to Ukraine for the resumption of deliveries through Drujba
The MOL Group announced on Wednesday that it has paid the transit tariffs owed by Russia to Ukraine, to resolve…
Latvia will invest 1 bln. euro to build wind turbine parks
Latvia plans to invest around 1 billion euro to build wind turbine parks in order to increase its capacity to…
Energy exports brought Russia’s current account surplus to a record value in Q2
Russia’s current account surplus hit a record high of $70.1 billion in the second quarter, as explosive growth in energy…
Rompetrol: Closing CPC operations will not affect crude oil supply to Petromidia refinery
Closing CPC operations will not affect crude oil supply to Petromidia refinery, says Rompetrol’s shareholder.”In the context of the information…
Germany triggers second alert stage of three step-emergency gas plan
Citing a “tense situation” following last week’s Russian supply cuts, Germany’s economy and climate ministry has sounded the official alarm…
Russian crude oil exports to Asia soar 58% after invasion of Ukraine
Some nations have banned the importation of Russian oil following its incursion into Ukraine. According to a CryptoMonday analysis, that…
Enel sells its entire 56.43% stake in Russia to Lukoil and Gazprombank
Enel informs that the agreements related to the sale of its entire stake in the share capital of Enel Russia…