OMV Petrom’ S1 numbers – an Econ 101 lesson for Gov’t
OMV Petrom announced a net profit of 1.21 billion lei in the first half of this year, nearly three times…
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Gazprom’s monopoly may be over: Russian Security Council recommends liberalization of gas export
The Russian Security Council’s inter-agency commission for security in the economic and social spheres has encouraged the country’s government to…
Is the price of fuel low? The Ministry of Finance proposes the reintroduction of over-excise
The Ministry of Finance proposes the reintroduction of the over-excise on fuels, a measure that could lead to an increase…
Transgaz, interested to bid for 66% of the Greek natural gas transmission system operator DESFA
In a consortium with France’s natural gas transmission system operator GRTgaz, Transgaz expressed its interest for a majority stake in…
UK energy watchdog Ofgem lowers level of price cap for prepayment customers
Energy regulator Ofgem has announced that it will be lowering the level of a temporary price cap on prepayment meters…
Poland to continue steps to cancel EU move to grant Gazprom more access to OPAL
Poland will continue its efforts to cancel the decision of the European Commission to grant Russia”s energy giant Gazprom more…
Stop blaming the DAM! 5 facts suggesting that electricity prices rise for other reasons
The dysfunctionalities of the electricity market were called into question to explain the market price increases in the Day Ahead…
Gov’t to list just 10% of Hidroelectrica in a first stage, and later other 5%
The Government wants to sell a 10 percent stake in Hidroelectrica, the state-owned power producer, on the Bucharest Stock Exchange…
NBR sees a higher inflation but doesn’t change its key interest rate
The annual inflation rate followed a steeper upward trend in June 2017, standing at a higher-than-forecasted 0.85 percent, against 0.64…
MOL raises bar for 2017 after H1 good results
MOL Group announced all business segments increased their earnings in H1, implying a 23% growth of Clean CCS EBIDTA in…
Electricity prices are rising, let’s get used to this!
The first days of August brought new maximum levels for electricity prices on the spot market (DAM – Day Ahead…
Bulgaria works for a new energy strategy in 2018; further step for the gas hub “Balkan”, within days
Until mid-2018, Bulgaria will have a new energy strategy for the period up to 2030 with horizon until 2050, the…
WGC: Global demand for gold drops 14 percent in first half of 2017
Global demand for gold fell 14 percent in the first half of this year due mainly to a sharp decline…