Franck Neel: Gas and electricity prices will fall this year
OMV Petrom expects a drop in gas and electricity prices starting next summer, but not at the levels of previous…
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G. Niculescu: Energy prices could fall due to positive temperatures
Energy prices may fall in the near future because Romania has had a mild winter with good temperatures, which is…
Romania’s crude oil production fell by 4.1% in the first 11 months of 2021
Romania produced, in the first 11 months of 2021, a quantity of crude oil of over 2.848 million tons of…
Energy consumption in the EU decreased significantly in 2020, Romania had one of the smallest drops
Primary energy consumption in the European Union fell significantly in 2020 to 1,230 million tonnes of oil equivalent (Mtoe), 5.8%…
OMV Petrom’s hydrocarbon production slightly decreased in Q1
OMV Petrom’s hydrocarbon production in the first quarter of this year (Q1) was of 138,900 barrels of oil equivalent (boe)/day,…
FIC: Foreign investment fell by 60% in 2020, the relationship with investors should be prioritized
Bogdan Tudorache The report on foreign direct investment (FDI) made by the Foreign Investors’ Council (FIC), now in its second…
OMV Petrom achieved a net profit of 1.29 billion lei last year, down 64%
Last year, the OMV Petrom Group registered a net profit of 1.29 billion lei, down 64% compared to the previous…
Romania’s final electricity consumption fell by 4% in the first 11 months of last year
The country’s final electricity consumption was 4% lower in the first 11 months of last year, compared to the corresponding…
Electricity price falls by more than 8% in September, amid rising trades
Bogdan Tudorache The price of electricity on the day ahead market (DAM) decreased in October by 8.25% compared to September,…
Rompetrol Rafinare: Declining financial results in H1, due to unprecedented volatility in the oil market
Rompetrol Rafinare, a member company of the KMG International Group, recorded declining financial results in the first half of 2020,…
Romania’s economy contracted by 12.3% in Q2
Romania’s economy recorded a decline of 12.3% in the second quarter of this year (Q2) as compared to the first…
Foreign direct investment fell to 352 million euro in H1
The direct investments of non-residents in Romania decreased to 352 million euro in the first half of this year (H1),…
Industry revenue fell 14% in the first six months, energy industry – decline of more than 30%
Total industry turnover (internal market and external market), in nominal terms, decreased by 14% in the first six months compared…
The car market decreases by 34%, the green segment up in the first seven months (APIA)
The Romanian car market registered a contraction of 34.2% in the first seven months of the year, compared to the…
ACEA: European car market will decline by a record 25% in 2020
The European car market is expected to record a historic 25% drop this year due to the coronavirus pandemic, the…
INS: Decrease by 2.4% of primary energy resources in the first quarter
Primary energy resources decreased by 2.4% in the first quarter of the year, compared to the same period in 2019,…
Enel Group’s net profit decreased by 0.7% in the first quarter
The Enel Group recorded in the first quarter of this year a net profit of 1.247 billion euros, down 0.7%…
Foreign direct investment decreased by over 70% in the first two months of 2020
Foreign direct investments fell by 70.86% in the first two months of this year, to 409 million euro, compared with…
The market for new cars decreased by 32% in March
The coronavirus crisis is also seen in the figures for new car registrations, the market falling by 32% in March…
Compulsory gas stocks for next winter fall by 13%
ANRE recently published the order regarding the obligatory quantities of gas to be stored for consumption in the future cold…
Oil prices turn lower despite hints Russia and Saudi Arabia are very close to a deal
Oil prices fell on Monday, reversing earlier gains after the CEO of Russian sovereign wealth fund RDIF told CNBC that…
Global investments in E&P are expected to fall in 2020 by $100 bln, or 17%
The use of gasoline and other fuels is dropping as Saudi Arabia and Russia increase production, sending oil prices to…
Chiriţoiu: The price of gas should fall for all consumers from July 1st
The price of gas should fall for all consumers from July 1, when the gas market will be completely liberalized,…