US shale boom ends OPEC’s power to crush
For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for…
KMGI to expand fuel station network in Romania and Bulgaria
Oil refiner KMG International (KMGI) wants to open more petrol stations in Romania and Bulgaria and is on the lookout…
OPEC production rises again above its output ceiling
Production of crude oil across all OPEC countries rose again in July, to above the level the cartel has agreed…
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…
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…
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…
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…
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…
Four of Romgaz administrator mandates to be extended, yet another interim
The shareholders of the gas producer Romgaz, one of the most profitable state-owned companies, want to extend the temporary administrator…
Chimcomplex and White Tiger made offers of more than 100 mln. euro for Oltchim
The offers submitted by Chimcomplex Borzeşti (controlled by businessman Ştefan Vuza) and the White Tiger investment fund are considered with…
Audi prepares the transit to e-cars: will invest 10 billion euro
Audi aims to cut costs by 10 billion euros ($12 billion) by 2022 to help fund a shift to electric…
Oil near two-month high as producers set to meet again
Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this…
Shell sees oil demand peaking by late 2020s as electric car sales grow
The world’s oil consumption could peak as early as the end of the next decade as electric vehicles become more…