Energy consumption grows by up to 35% due to bad weather
The consumption of electricity and gas at national level will reach record values on Monday and on Tuesday, but the…
Ellen Wald: 2017 energy outlook – 4 must-follow focuses for investors
There are four important focuses for investors this year, writes Ellen R. Wald for Forbes. First of all, investors should…
The boldest oil price predictions for 2017
Predicting where oil prices would go next month or next year has always been a game of hit and miss,…
Russia sold yet another 19.5% of Rosneft for 10.5 bln. euro
Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar…
Oil tops $55 for first time in 16 months
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects…
Oil price increases by 8% after OPEC’s decision to cut output
Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to reduce production for the first time since the financial crisis…
Rottco helps independent fuel suppliers with pumps and payment systems
Rottco, a company with Romanian capital and a turnover of 100 million euros operating on the fuel wholesale retail, began…
SOCAR’s VP: the AGRI project is not dead, it needs more time
The interconnector project of the Azerbaijan-Georgia-Romania (AGRI), which pressumes transporting liquefied gas from Azerbaijan to Romania, is not dead, however,…
Volkswagen CEO says sees case for building own battery factory
Europe’s largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it…
Cătălin Dumitru promoted as as Vice President for Corporate Development and Strategy of the KMGI Group
KMG International (which owns the former Rompetrol) changed the Group’s management structure, appointing Catalin Dumitru as senior vice president for…
Oil at near three-month lows as gloom grows over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak…
IEA sees global market awash with oil in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating…
ConocoPhillips trims 2017 capex
ConocoPhillips, the largest U.S. independent oil producer, said it would reduce its capital expenditure budget by 4 percent to $5…
New prospects for oil price after Trump’s victory
Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump‘s…
Petrom’s profit drops 11% at 9M
Petrom recorded a net profit of 473 million lei in the third quarter of 2016 compared to a loss of…
OMV: Fierce competition on the gas market, also because of the imported gas
The gas demand in Romania this year remains below the levels of 2015; stable demand on the electricity market The…