Oil drops again, on concerns of glut in refined products
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports…
Study: Fracking costs outweigh benefits for Germany and Europe
For only a ten year supply of energy, fracking in Europe would contaminate drinking water, cause severe environmental damage and…
OMV Petrom invests 55 million euros more in Gorj
OMV Petrom has three major investment projects in Gorj County, with an aggregate value of approximately 365 million euros, of…
Iran to return to oil market with maximum capacity
Iran will return to the global oil market with maximum capacity once the sanctions against the country are lifted following…
Lukoil: All accusations are absolutely groundless. We will not leave from Romania
Officials from Moscow of Lukoil oil group reject accusations by Romanian prosecutors on money laundering, tax evasion and Petrotel-Lukoil de-capitalization.…
OPEC sees a more balanced oil market in 2016
The world oil market should be more balanced next year as China and the developing world use more oil, while…
Receiver: A Chinese company shows interest in Oltchim
Representatives of a Chinese petrochemical company will have a meeting this week with the receivers of Oltchim, interested in buying…
Gazprom annuls Saipem deal for Turkish Stream construction
The energy group Gazprom announced that it has canceled a contract with Italian contractor Saipem to build the first section…
RME: Gas market liquidity can increase by using the STEGN platform
The Romanian Commodities Exchange (BRM) announces that, despite the complaint of the gas market players on short-term liquidity, the STEGN…
Seizure on Lukoil Europe Holdings BV accounts for a 2 billion euros prejudice
Update: Lukoil denies the allegations of money laundering and tax evasion and intends to appeal against the provision Prosecutor of…
Daradics, MOL: It is difficult to estimate Grexit effects
The increase in sales volumes in the first quarter seems to indicate a recovery of the economy, but it is…
Daniel Apostol, appointed as Secretary General of ROPEPCA oil association
Daniel Apostol was named as Secretary General of Romanian Petroleum Exploration and Production Companies Association (ROPEPCA). Moreover, the association’s website…
Daniel Apostol: Investments will not continue without an attractive regulatory and fiscal framework
This is the transcript of the message delivered by Daniel Apostol, General Secretary of ROPEPCA oil association, during the Energy…