Russia: Huge queues for petrol, contradictory news
One of the most followed travel vloggers, Attila Bertici, recently presented the situation at gas stations in Russia: huge queues,…
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petrol
Russia offers Asian countries discounts of up to 30% on oil contracts
Russia has approached several Asian countries to offer them possible long-term oil contracts at a discount of up to 30…
Serbia will not be able to get Russian oil from November
Due to Western sanctions, starting with November, Serbia will not be able to receive oil from Russia, which is delivered…
IEA has improved its oil demand estimates as a result of the transition from gas to oil
Heatwaves and the increase in natural gas prices have led to an increase in the use of oil for electricity…
MOL paid the money owed by Russia to Ukraine for the resumption of deliveries through Drujba
The MOL Group announced on Wednesday that it has paid the transit tariffs owed by Russia to Ukraine, to resolve…
INS: Coal production decreased by 1.5% in the first 5 months of 2022; imports up 55.4%
Romania’s net coal production totaled, in the first five months of 2022, almost 1.2 million tons of oil equivalent, being…
Antonopoulos, Tallon: It is impossible to estimate an IRR, stability is given by hedging
The volatile period that energy markets are currently going through reveals the impossibility of establishing a fair long-term investment rate…
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…
Oil finds support, as 2019 begins
A tumultuous first trading week of 2019 headed towards a calmer close. After hitting a 33-months low the Bloomberg Commodity…
Russia’s Novak says premature to extend global oil deal, market is being balanced
It is premature to decide on extending the global deal to reduce oil production as the oil market has been…
Kremlin rules out suspension of Russian oil supplies to North Korea
Talking about the suspension of Russian deliveries of oil products to North Korea as part of sanctions policy is pointless, as their current level is already minimal,…
France Plans to End Oil Output by 2040 With Exploration Ban
France will stop granting new exploration permits next year as it seeks to end all oil and gas production by…
It’s official: Expert Petroleum took over Petrofac in Romania
Competition Council greenlighted the takeover of the local subsidiary of Petrofac by Expert Petroleum, according to a press release received…
Oil, gold and investments – Q3 barrel still at 45-50 USD
Commodities were broadly unchanged for a third consecutive week but plenty of individual action was seen last week. ”We are…
Sorin Gal, NAMR: 2016 may be the first year when we begin to terminate oil agreements
In 2016, the trend is to reduce investments, signalized Sorin Gal, General Director of the National Agency for Mineral Resources…
Lukoil maintains dividend growth even after crude’s plunge
OAO Lukoil’s board recommended a final dividend of 94 rubles a share for 2014, Russia’s second largest oil producer said…
Dudău, EPG: 70% of gas transport and 40% of supply network need refurbishment
Almost 70% of the gas transportation system must be modernized and about 40% of the gas distribution infrastructure must be…
Oil price: 60 USD, biggest drop of the past five years
Brent crude hit a fresh five-year low close to $60 a barrel on Monday after oil producer group OPEC restated…
IEA: Low oil prices to bite into 2015 U.S. shale growth
Falling oil prices may cut investment in U.S. shale oil by 10 percent next year, the International Energy Agency (IEA)…
OPEC: Little oil output change in 2015
OPEC’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude…
Romania, Expected to be Energy Independent Despite Ukraine Crisis (VoA)
Romania is expected to achieve energy independence by the end of the decade, due to shale gas and alternative energy…