Gov’t announced a compensation of 50 bani per liter of fuel
Romanian Prime Minister Nicolae Ciuca announced on Thursday a compensation of 50 bani (0.5 lei) per liter of fuel, a…
Concordia launches a study on the impact of technology on the automotive and oil and gas sectors
Concordia Employers’ Confederation launches the research report on the impact of technology on two of the most important sectors of…
PSD proposes capping fuel prices at 7 lei per liter
The capping of fuel prices requested by PSD at the level of 7 lei per liter, according to some sources,…
ANRE approved the settlement of an amount of 376 mln. lei to energy suppliers
The National Energy Regulatory Authority (ANRE) has so far approved the settlement from the state budget of an amount of…
Germany rejects EU plan to ban classic cars from 2035
The German government will not agree with the European Union’s plans to ban the sale of new cars equipped with…
RWE halts early retirements as Germany ramps up coal use to replace Russian gas
RWE, Germany’s largest energy company, has halted early retirement of employees in reaction to the government’s decision to increase the…
Russian crude oil exports to Asia soar 58% after invasion of Ukraine
Some nations have banned the importation of Russian oil following its incursion into Ukraine. According to a CryptoMonday analysis, that…
Ukrainian rockets hit oil rigs off Black Sea near Snake Island
The Ukrainian army has hit with rockets two oil rigs off the Crimea, according to a pro-Russian official in the…
Iohannis: I will have a meeting with the PM to see how we can speed up the implementation of I3M projects
President Klaus Iohannis announced on Monday that after the Summit of the Three Seas Initiative (I3M) he will have a…
Survey: Over 70% of respondents believe that the price of fuel should be capped
A survey conducted by Hotnews.ro reveals that 71% of the 4,000 respondents consider it necessary to cap the price of…
Christina Verchere: OMV Petrom already started the journey to the future of energy
Caught in between the war in Ukraine and the green energy transition, OMV Petrom committed to investing more than 11…
Competition: Fuel price hikes are huge, but we have no signs of a carte
Although fuel price hikes are continuing, the Competition Council claims that there are no indications of possible cartel agreements between…
Hungary is extending its cap on fuel until October
Budapest government has extended the price cap on fuel and some staple foods in Hungary until October 1, while the…
Minister of Energy: The first gas from the Black Sea entered the national transport system
The first gas from the Black Sea entered the national transport system on Wednesday, respectively the gas from the Midia…
Foren 2022: If we want to give up Russian gas in 2027, we have to make decisions now!
Romania must make decisions now if it wants to give up Russian gas by 2027, in order to secure its…
BSOG started gas production at the Midia Natural Gas Development Project
Black Sea Oil & Gas SA (BSOG), together with its concession partners, Petro Ventures Resources and Gas Plus Dacia, started…
INS: Natural gas prices have risen by 86.71% during last year
Natural gas is among the most expensive commodities in the last year, according to data released on Friday by the…
Rompetrol: Diesel Hydrotreating unit (HPM), back into operation
Rompetrol Rafinare, member company of the KMG International Group, recently completed the repair works of the Diesel Hydrotreating unit (HPM),…
Germany moves in state reserve coal units, lowers gas use
To counteract future gas supply shortages, the government cabinet has decided on new regulations for the provision of backup power…
KMG: Sanctions against Russia do not affect crude oil from Kazakhstan
European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude…
EBC: EU nations spent an estimated 60 bln. euro on Russian fuels
EU nations have spent an estimated 60 billion euros on Russian coal, oil, and fossil gas since the country launched…
OMV will review decisions made by former CEO Rainer Seele
OMV’s Board of Supervisors will not approve the 2021 actions of former CEO Rainer Seele and will launch a thorough…
Oil barrel exceeds $120 following Saudi Arabia’s decision to raise prices
Oil prices rose on Monday, with the price of a barrel of Brent crude oil exceeding $120 after Saudi Arabia…