Gas demand drop hits German energy companies as storages full and prices low
The fall in natural gas demand due to the coronavirus crisis is not only impacting producing countries, but also German…
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Minister of Economy: In the short term Romania will not be affected by the drastic drop in US oil prices
Romania will not be affected, in the short term, by the drastic drop in the price of oil in the…
Oil prices still low after sharp losses caused by US stockpile surge
Oil prices fell on Thursday after OPEC lowered its global oil demand forecast due to the “historic shock” delivered by…
MOL Group ensures continuous supply security with optimized operational and financial measures
MOL Group implements measures not only to mitigate the impact of the current situation on the Group, but also to…
Oil prices turn lower despite hints Russia and Saudi Arabia are very close to a deal
Oil prices fell on Monday, reversing earlier gains after the CEO of Russian sovereign wealth fund RDIF told CNBC that…
Hungary announces a new gas pipeline
Hungary announces the creation of a new pipeline that will increase the transport capacity from Serbia by 60%, according to…
Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
Virgil Popescu: Low oil prices could endanger the functioning of the oil and gas industry
The oil and gas industry is also hit by the current crisis, and very low oil prices may jeopardize the…
Gas price cap, a populist decision that favors gas importers and suppliers – not consumers
Bogdan Tudorache The capping of the price of natural gas (together with the prices of other utilities), recently taken by…
Coronavirus: Oil price collapses to lowest level for 18 years
The price of oil has sunk to levels not seen since 2002 as demand for crude collapsed amid the coronavirus…
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as…
Oil rises over 3% but set for biggest weekly thumping since 2008
Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday,…
Chisăliță: Gas liberalization might be delayed; there is no political will for it
Bogdan Tudorache The liberalization of the gas market from July 1 may not take place, since there is no political…
Polish gas firm PGNiG sees tough 2020 as virus disrupts prices
Poland’s state-run gas company PGNiG expects 2020 to be very difficult because of the coronavirus-driven fall in oil and gas…
Oil jumps 10% following worst day since 1991
Oil prices surged higher on Tuesday following reports that ongoing talks between OPEC and its allies, known as OPEC+, remain…
ANRE: Gas imports increased by 12% in December 2019
Romania imported in December 2019 an amount of 3,493,356 MWh of natural gas, 12% more than the same month of…
Bulgaria agrees deal to cut price of Russian gas imports by 40%
Bulgaria has agreed a 40% cut in the price of gas it imports under its long-term contract with Russia, its…
Transgaz and EBRD have signed a MoU on cooperation and investment support
Transgaz and the EBRD (European Bank for Reconstruction and Development) signed a memorandum of understanding on cooperation and support for…
EY: The global value of transactions in the oil and gas sector decreased in 2019 amid debates on energy transition
The global volume and value of transactions in the oil and gas industry decreased by 18.4% and 10.8% respectively in…
Romania is considering access to the Southern Gas Corridor
Romania is considering ensuring its access to the Southern Gas Corridor, reveals a statement from the Ministry of Economy and…
China opens fuel export taps as coronavirus slams domestic demand
China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak,…
OPEC hasn’t run out of ideas – Saudi energy minister
OPEC and its allied oil-producing nations are still working well together and still have options to try to rebalance global…
Minister of Energy: The gas market will certainly be liberalized on July 1, otherwise we risk losing European funds
The gas market will certainly be liberalized on July 1, and the electricity market, on December 31, 2020, otherwise we…