OPEC: Prolonging cut would achieve mission to clear oil glut
The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept…
Sorin Gal: Half of the gas production will be exported and the royalties will be paid at the real price
Sorin Gal, General Manager in the National Agency for Mineral Resources (ANRM), estimated that half of the domestic gas production…
The European Federation of Energy Traders warns against trading all natural gas production on a single market platform
While the deregulation as of April 1st 2017 of the natural gas production price for households and heat for households…
Works at BRUA could begin in the first part of November 2017
The European Bank for Reconstruction and Development (BERD) has expressed its satisfaction with the way it cooperates with the Ministry…
OMV Petrom Group doubled its profit in the first three months of 2017 to 618 million lei
OMV Petrom posted a net profit of 618 million lei, after the first three months of the year, which is…
Top oil trader warns shaky demand risks thwarting OPEC’s aim
OPEC and its allies are seeking to pump less for longer in a quest for higher prices. The world’s biggest…
Gazprom adds new gas reserves, auctions
Russia’s gas giant Gazprom expects to add major new domestic gas reserves this year, and may hold more auctions to…
Russia’s Gazprom says construction of Turkish Stream begins
Russia’s Gazprom said on Sunday Switzerland’s Allseas Group S.A. has begun constructing the first stage of the Turkish Stream pipeline.…
EximBank insures the TOTALGAZ INDUSTRIE exports in Ukraine
EximBank has issued an insurance policy against non-payment risk in the name of and on the account of Romanian State…
Iran will go along with whatever OPEC decides on crude cutbacks
Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil…
Drop in diesel car demand could put brakes on autos finance boom
A plunge in sales of diesel cars in Europe’s two biggest markets is helping to drive down the value of…