Oil overhang points to need for extended OPEC output cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing…
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Gazprom requests Russia’s gov’t partially liberalize gas market
Russia’s energy giant Gazprom asked the Russian government in 2016 to take steps aimed at partial liberalization of natural gas…
Maroš Šefčovič: Energy Union is about re-inventing our economy
The European Commission’s Winter Package of Energy Union laws will be a turning point for clean energy, says Maroš Šefčovič. But…
Fondul Proprietatea buys back at 0.91 lei per share
Fondul Proprietatea announced its seven buy back program, of 640 million shares, at 0.91 lei (RON) per share. ”Franklin Templeton…
INS: Turnover in industry increased by 4.7% in 2016
The turnover in the industry sector increased by 4.7% in 2016, compared to 2015 due to the growth of the…
Tesla may launch in India this summer: Musk
Electric car maker Tesla Inc may enter the Indian market this summer, Chief Executive Elon Musk tweeted on Tuesday. Replying…
EC to conduct market survey before deciding on Gazprom fine
The European Commission will conduct a market survey before deciding finally whether to fine Russian company Gazprom or make a deal with…
Havrileț, ANRE: Consumers must impose tougher sanctions to suppliers
The energy supply agreements should contain clearer and tougher sanctions for the unilateral termination, said the President of the National…
EU: Cartel in the batteries recycling market
The European Commission has charged Eco-Bat Technologies, Recylex and Campine by a total fine of 68 million euros, because they…
ANRE changes the game’s rules: New transparency rules for power suppliers
The National Regulatory Authority for Energy ANRE, requires players on the electricity market to be more transparent, primarily through the…
BP recorded a net profit of 115 million dollars
The British oil company British Petroleum (BP) conducted last year a net profit of 115 million dollars (107 million euros),…