Romania Mulls Carbon Price Compensation Scheme

Romania Mulls Carbon Price Compensation Scheme

The Romanian government is considering introducing a scheme for offsetting the cost of the EU Emission Trading System (EU ETS), but details have not yet been announced, local media reported.

US Again Leads World in Oil Production, Consumption

US Again Leads World in Oil Production, Consumption

The U.S. led the world once again in oil production and consumption during the year of 2018, according to data compiled by Anadolu Agency on British energy giant BP's Statistical Review of World Energy 2019 report.

Dubai Port Operator with Interest in Bulgarian Ports

Dubai Port Operator with Interest in Bulgarian Ports

One of the largest port operators in the world - Dubai Port World - has shown interest in investing in Bulgarian ports and in creating high-tech logistics centers in different cities in the country.

Global Oil Supply Falls in May 2019

Global Oil Supply Falls in May 2019

In May 2019, OPEC crude oil production have decreased by 236 thousand barrel per day (tb/d), month on month (m-o-m) to average 29.88 million barrels per day (mb/d), according to secondary sources, the Organization of the Petroleum Exporting Countries (OPEC) said on Thursday.

Tariffs on Lithium-Ion Batteries Loom Over US Storage

Tariffs on Lithium-Ion Batteries Loom Over US Storage

The U.S. Energy Storage Association announced on Tuesday its "deep concern" that tariffs on Chinese lithium-ion batteries and related equipment would have an immediate and adverse effect on grid energy storage deployments in the U.S.

Russia's Oil Export Revenues Decrease 0.6% in 4 Months

Russia's Oil Export Revenues Decrease 0.6% in 4 Months

Russia's oil export revenues decreased by 0.6% in the first four months of this year compared to the same period of the previous year, while natural gas export revenues increased by 2.2% in the same period, according to the data of the Russian Federal Customs Service on Tuesday.

Turkey's Drilling Activities in Mediterranean to Continue

Turkey's Drilling Activities in Mediterranean to Continue

The drilling activities in Eastern Mediterranean Sea region will continue and legal and political measures were taken with the relevant ministries for preventing third party interference that ignores Turkey's international sovereignty, the Turkish energy and natural resources minister said on Tuesday.

Global Gas Consumption Up With More US, China Demand

Global Gas Consumption Up With More US, China Demand

Global natural gas consumption is expected to grow at an average annual rate of 1.6 percent to 2024, returning to the pre-2017 trend, according to latest report of the International Energy Agency (IEA) on Friday. 

Turkey Marks World Environment Day

Turkey Marks World Environment Day

President Recep Tayyip Erdogan marked on Wednesday World Environment Day. “I hope that the World Environment Day will contribute to the increase of public awareness on environmental issues,” Erdogan said in a tweet.

US Oil Output at Record Level

US Oil Output at Record Level

Crude oil inventories increased in the U.S. last week, according to data released by the Energy Information Administration (EIA) on Wednesday.

Iraq's Oil Exports up Over 6 Percent in May

Iraq's Oil Exports up Over 6 Percent in May

Iraq exported nearly 110.74 million barrels of crude oil in May, up from 103.98 million in April, marking an increase of 6.48 percent, the country's oil ministry announced Saturday.

Bulgarian Tranport Minister: We Are Looking For EC Funding For Electric Transport During the New Programming Period

Bulgarian Tranport Minister: We Are Looking For EC Funding For Electric Transport During the New Programming Period

Bulgaria, together with the countries of Central and Eastern Europe, will seekfundingfrom the European Commission (EC) for electromobility projects in the next programming period, Nino Dimov, Minister of Environment and Water, announced at the opening of the National Trust Ecofund Annual Event (NTEF), which took place at the Ministry of Environment and Water.