Verchere (OMV Petrom): Quarantine saw a 45% drop in petrol and diesel demand in April
OMV Petrom registered in April gasoline and diesel sales 45% lower than in the same month of 2019, the drastic…
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Oil, gas, coal could lose two-thirds of value by 2070
Business in oil, gas and coal is becoming increasingly unprofitable as global fossil reserves could lose around two-thirds of their…
Gas demand drop hits German energy companies as storages full and prices low
The fall in natural gas demand due to the coronavirus crisis is not only impacting producing countries, but also German…
OMV Petrom estimates a 45% drop in fuel demand in the second quarter
OMV Petrom estimates a 45% drop in fuel demand in the second quarter of this year and a 20% year-round…
Electrica, affected by legislation and declining demand
Bogdan Tudorache The COVID-19 pandemic affects Electrica on two levels – through lower electricity demand and negative impact of the…
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as…