OMV Petrom’s SAF/HVO project at Petrobrazi advances – 560 mln. euro investment
OMV Petrom, the largest integrated energy producer in Southeast Europe, is advancing the construction of the new sustainable fuel production…
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fossil fuels
Ship fuel shortages – refineries pressured by war, favoring other products
The market is marked by a shortage of ship fuel and power plant fuel, which will increase during the third…
JT Grup Oil inaugurates JT Terminal, invests in two more terminals
JT Grup Oil, a Romanian company active in the fuel distribution market, announces the completion of JT Terminal – an…
Greece extends fuel subsidies
Greece will increase next month by another 0.10 euros the diesel subsidy, so that the total discount reaches 0.15 euros…
Fuels, between historic price increases and surprisingly high consumption in 2026 – analysis
Based on INS data on the evolution of prices and quantities of diesel and gasoline, a significant change in the…
Rising oil prices to fuel new wave of inflation
The resurgence of the conflict with Iran and rising oil prices risk fueling a new wave of inflation, as rising…
EU wants an e-target for 2040 to cut oil and gas consumption
The European Union wants to propose an electrification target for the next decade, as part of a plan to strengthen…
Tanczos Barna: Diesel price in Romania is unacceptably high
The price of diesel in Romania is unacceptably high and, given that its increase was rapid at the beginning of…
Energy Minister: There are no problems in fuel supply
Energy Minister Bogdan Ivan stated on Saturday, during a visit to the Mintia power plant, that, at this moment, there…
Nicuşor Dan: Romania is not currently facing fuel supply difficulties
Romania is not currently facing fuel supply difficulties, and companies in the field are purchasing at prices aligned with the…
Diesel excise duty decreases, solidarity contribution between 1.5% and 9.9% for exceptional income
The Ministry of Finance published on Thursday evening the draft Emergency Ordinance that provides for the temporary reduction of the…
EU countries reduce excise duties and VAT to offset rising fuel prices
Seven EU countries and other European countries outside the EU have already decided to make substantial tax cuts – excise…
Gov’t to cut excise taxes on fuel, first on diesel
Prime Minister Ilie Bolojan stated on Monday that the decision taken in the coalition is to reduce the value of…
Poland caps gasoline price at 1.65 USD per liter
Poland will set a maximum price for unleaded 95 gasoline of 6.16 zlotys ($1.65) per liter from Tuesday, the Energy…
Farmers demand urgent adoption of GEO for diesel fuel without VAT and excise duty in agriculture
The Alliance for Agriculture and Cooperation (AAC) is requesting urgent approval from the Ministry of Finance on the draft Government…
Slovenia restricts fuel sales
Slovenian Prime Minister Robert Golob announced restrictions on fuel sales on Sunday, amid pressure from the Middle East conflict on…
IEA: Oil demand has peaked, there is a major surplus
World oil markets are facing a “major” surplus this decade because the abandonment of fossil fuels leads to a flattening…