Funds prepare $2 billion oil market play as supply tightens
Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next…
OPEC output deal made ”remarkable impact” on oil prices
Qatar’s oil minister on Wednesday hailed the success of OPEC’s agreement to cut oil output, saying it had spurred a…
Increased interest for state companies, as state forces payment of 90% of profits as dividends
In the last weeks, the quotations for utilities were animated by the decision that obliges the state companies to distribute…
OMV, the largest distribution center in the western Romania, in Arad
Mayor of Arad, Gheorghe Falcă, announced an investment of 17 million euros made by OMV Petrom, which will build a…
Gal, ANRM: In March, a new methodology for the reference price for gas
The government could approve this spring a new methodology for calculating the reference price for natural gas, said Sorin Gal,…
Cooperation with Russia, ‘crucial’ for EU energy security – OMV Board member
The cooperation between Russia and the European Union is among crucial points for Europe’s energy security, together with the enhancement…
Carlos Ghosn: Renault-Nissan Alliance sold 400,000 electric vehicles
The Renault-Nissan Alliance sold globally over 400.000 electric vehicles and plans to increase investments to maintain its position of market…
The ROTTCO SYNERGY CARD records its first commercial transactions in gas stations
The ROTTCO SYNERGY CARD system became operational in gas stations, asthe first commercial transactions were recorded this week. ROTTCO SYNERGY…
Electrica and OMV Petrom launched their pilot project in fast charging for electric vehicles
Electrica and OMV Petrom Marketing inaugurated their first system of fast charging for vehicles, part of a pilot project in…
Romania’s consumption of Russian gas grew more than seven fold
Romania bought last year from Gazprom about 1.48 billion (bln) cubic meters of natural gas, 740% more as compared to…
Minister of Energy: Wind turbines, essential for covering the consumption peak
The wind turbines have been estimated to ensure a 2.000 MW production on late Tuesday evening, helping to cover the…
Gazprom intensifies EU expansion, due to growing gas demand
Russian energy group Gazprom said on Monday that in 2016 its exports of natural gas to countries which are not…