US extends deadline for Lukoil to sell overseas gas stations until October 29
The Trump administration has extended until October 29 the deadline for Lukoil to sell its overseas gas stations, according to…
Oil price rises above $100 per barrel after naval blockade announced in Strait of Hormuz
Oil prices rose 8% on Monday, surpassing the symbolic $100 per barrel mark, after US President Donald Trump announced that…
EU warns Spain and Poland over tax cuts on fuels, would rather see an excise cut
Spain and Poland might have run afoul of European Union rules with their tax cuts on fuels aimed at curbing…
Bulgaria: Gasoline for 7.32 lei, LPG for 3.86 lei – without subsidies
We are in Ruse, where gas stations are being stormed by a wave of tourists from Romania for Easter. We…
Delgaz Grid invested 241 mln. euro in natural gas and electricity networks in 2025
Delgaz Grid, the distribution company of the E.ON group in Romania, last year made investments of over 1.2 billion lei…
Georgia and Azerbaijan bet on the middle Caucasus corridor that connects China to Europe
Georgia and Azerbaijan agreed on Monday to strengthen the Middle Corridor, which connects China to Europe through Central Asia, the…
Nicuşor Dan: Romania is not currently facing fuel supply difficulties
Romania is not currently facing fuel supply difficulties, and companies in the field are purchasing at prices aligned with the…
Diesel excise duty decreases, solidarity contribution between 1.5% and 9.9% for exceptional income
The Ministry of Finance published on Thursday evening the draft Emergency Ordinance that provides for the temporary reduction of the…
EU countries reduce excise duties and VAT to offset rising fuel prices
Seven EU countries and other European countries outside the EU have already decided to make substantial tax cuts – excise…
OMV Petrom: Krum-1 exploration well in the Han Asparuh area did not discover significant gas volumes
OMV Petrom announces the completion of drilling operations at the Krum-1 exploration well, the second exploration well drilled in the…
Ivan on excise tax reduction: Decision must be made this week
The measure to reduce excise tax on diesel should be adopted this week, to take effect starting next week, Energy…
Gov’t to cut excise taxes on fuel, first on diesel
Prime Minister Ilie Bolojan stated on Monday that the decision taken in the coalition is to reduce the value of…
Poland caps gasoline price at 1.65 USD per liter
Poland will set a maximum price for unleaded 95 gasoline of 6.16 zlotys ($1.65) per liter from Tuesday, the Energy…
Farmers demand urgent adoption of GEO for diesel fuel without VAT and excise duty in agriculture
The Alliance for Agriculture and Cooperation (AAC) is requesting urgent approval from the Ministry of Finance on the draft Government…
Romgaz postpones entry into the retail market until 2027
The cheap gas promised to Romanians by the state will not come soon. Romgaz sent, in a response to Digi24,…
A month without Hormuz: Between panic, reality, and the illusion of price recovery
A month has passed since the Strait of Hormuz — one of the world”s most important energy arteries — was…
Recession is already here; government responses to energy crisis could make it worse
Romania has entered a technical recession: GDP fell by 0.2% in the third quarter of 2025 and by 1.9% in…
Urluescu: To solve the fuel problem, either cut excise taxes and VAT, or help only the vulnerable
The most important thing in a market is competition, and to solve a crisis problem you should cut from what…
Negrescu: Effects at the pump will be symbolic, decisions have no power to influence price dynamics
The measures included in the ordinance on fuels will have limited effects on prices at the pump, and the state’s…
Regional energy cooperation “is no longer optional, but has become essential”
Regional energy cooperation “is no longer optional, but has become essential”, in a context dominated by security, resilience, and strategic…
Bolojan: Additional revenues obtained as a result of fuel price increases, included in a financing scheme
Prime Minister Ilie Bolojan stated on Wednesday that work is being “seriously” done on support measures to ensure fair behavior…
Austria greenlights the use of 325,000 tons of crude oil from strategic reserves
The Austrian parliament approved on Wednesday the release of 325,000 metric tons of crude oil from its strategic reserves, a…
Volatility will continue to define the energy sector in 2026, says Cristian Hubati, OMV Petrom
The word that has defined the energy market in recent years, and that applies this year as well as in…