Fuel excises to grow in two legs, on Sep 15th and Oct 1st
Finance Minister Ionuţ Mişa announced on Wednesday, at the beginning of the Government meeting, that excise taxes on fuel will…
Competition works, but liberalization is still far from being completed (EBC, Aug 30)
This is the brief description of the situation in Romania’s energy markets – electricity and natural gas, a description which…
Gazprom expects no changes to key projects from new US sanctions
Gazprom said on Aug. 14 that new U.S. sanctions against Moscow would not result in the Russian gas exporter having…
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…
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…
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…
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…
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…
Germany, steering clear of diesel bans, plans city transport fund
Germany’s transport minister announced plans on Thursday for a fund to help cities modernize their transport systems and reduce pollution,…
Romania approves China Energy bouyout of Rompetrol
KMG International Group (KMGI) announces the recent decisions of the Romanian authorities approving the transaction signed at the end of…
OMV, Exxon and Austria – main losers of BRUA deviation, according to ICIS
While watching Hungarian authorities offering Gazprom a new deal on a platter, Americans of Exxon, that exploit new Black Sea…
OPEC moves to cap Nigerian oil output, boost compliance
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts…