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OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts

Τρι, 12 Νοεμβρίου 2024 - 17:40

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group's fourth consecutive downward revision in the 2024 outlook

Tarom to Use Sustainable Aviation Fuel Supplied by OMV Petrom

Σαβ, 9 Νοεμβρίου 2024 - 17:00

OMV Petrom and airline company Tarom signed a contract for the supply of sustainable aviation fuel (SAF). It is the first contract for Romanian air transportation

Trump Return Likely to Slow, Not Stop, US Clean-Energy Boom

Σαβ, 9 Νοεμβρίου 2024 - 16:51

Donald Trump's return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's presidential election is unlikely to dramatically slow the U.S. renewable energy boom

Bulgaria's Petrol Cuts Non-Cons Net Loss in Jan-Sept

Τρι, 5 Νοεμβρίου 2024 - 18:56

Bulgarian fuel retailer Petrol said its standalone net loss narrowed to 276,000 levs ($153,874/141,116 euro) in January-September from 4.3 million levs in the like period of 2023

Iran Oil Prices to China at Multi-Year High After Exports Fall, Sources Say

Τρι, 5 Νοεμβρίου 2024 - 18:53

Discounts on Iranian crude oil sold to China are at their tightest in around five years as lower exports drive up prices amid concerns that Middle East tensions may disrupt supply, trading sources said

UK Increases Windfall Tax on North Sea Oil Producers

Τετ, 30 Οκτωβρίου 2024 - 18:54

The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, finance minister Rachel Reeves announced on Wednesday

Romania Became EU’s Largest Natural Gas Producer in Q2

Τετ, 30 Οκτωβρίου 2024 - 18:46

Romania became, for the first time, the largest natural gas producer in the EU in the second quarter of 2024, according to data recently published by the European Commission, quoted by Economedia.ro

Australia, UK Forge New Climate, Security Partnership at Commonwealth Meeting

Παρ, 25 Οκτωβρίου 2024 - 20:10

Australia and the UK on Friday agreed on enhancing bilateral cooperation on climate change and energy by negotiating a “dynamic new partnership.”

NIS Aims to Raise 50 Mln Euro Via Maiden Bond Issue

Παρ, 25 Οκτωβρίου 2024 - 20:01

Serbia's oil and gas company NIS plans to raise 5.855 billion dinars ($54.2 million/ 50 million euro) via its inaugural bond issuance, it said on Friday

IEA: Key Trends in the Oil Industry During 2024 and 2025

Παρ, 18 Οκτωβρίου 2024 - 19:55

The Oil Market Report for the month of October 2024 by the International Energy Agency (IEA), explores several key factors that are shaping the oil industry in 2024 and 2025

MOL Group and Turkish Petroleum Form Strategic Partnership for Hydrocarbon Explorations

Παρ, 18 Οκτωβρίου 2024 - 19:52

MOL Group signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to form a strategic partnership for hydrocarbon exploration and production. The companies agreed to expand their cooperation after successful international joint projects to potential partnership in exploration in Türkiye and other regions

Serbia Signs Deal With Hyundai, UGT for 1 GW Solar Project

Τετ, 16 Οκτωβρίου 2024 - 20:09

Serbia's energy ministry and state-owned energy producer Elektroprivreda Srbije (EPS) on Wednesday signed a contract with a consortium of Hyundai Engineering and UGT Renewables for the construction of self-balanced solar power plants with 1 GW in total connection capacity and 1.2 GW in total peak capacity, the government said