From January to March this year, natural gas fell by as much as 34%, indicating that market forces of supply and demand are a sufficient tool to “normalize the price” without the need for government intervention. This is good news for those who already use or are considering choosing the blue fuel as a source […]

The natural gas markets faced a significant setback in Thursday’s session, as news emerged of a potentially mild weather pattern in the United States lasting until mid-December. Natural Gas Technical Analysis As previously discussed, it underscores the importance of maintaining low leverage when dealing with natural gas, given its high sensitivity to weather reports, particularly in […]

The world’s first compressed natural gas (CNG) ship was delivered to the city of Qidong in east China’s Jiangsu province on Saturday morning and is set to sail to Indonesia, according to China’s state news agency Xinhua. The vessel, with a capacity of up to 700,000 cubic meters per voyage, will sail between Indonesian islands […]

In the conditions of the imposition of the embargo on Russian fuel imports at the beginning of February 2023, Romania’s diesel imports from Russia decreased nine times, but those from India and Turkey, countries that were considered “laundromats” for Russian crude oil, increased tenfold. respectively four times. In fact, almost half of all non-biodiesel diesel […]

The oil and gas sector, both upstream and downstream, are already leveraging artificial intelligence to streamline exploration, maintain assets, optimize scheduling, and more. The rise in the use of generative artificial intelligence (AI) is having a profound impact on myriad sectors worldwide. The market for AI in the oil and gas sector is expected to […]

Petrom, the leader of the fuel distribution market, increased the prices of gasoline today, keeping the price of diesel unchanged. The Petrom station on Virtuții Street in Bucharest, monitored by us this year, displays on March 19, 2024 a price of standard gasoline of 7.14 lei/liter, while the price of standard diesel is 7.42 lei/liter […]

OMV Petrom, the most important oil and gas company in Romania, controlled by Austria’s OMV, will remain, at least in a first stage, sole concessionaire, as well as operator of the Han Asparuh offshore hydrocarbon perimeter in the Bulgarian Black Sea sector, being in the process of taking over the majority stake of the French […]

OMV Petrom, the largest producer of crude oil and gas in South-Eastern Europe, has budgeted for this year an increasing net profit, against the background of sales almost identical to those of 2023 but also of decreasing expenses, especially with the taxes. The estimated profit of OMV Petrom this year, which will be subject to […]

From 2027, when, with the start of production from the Neptun Deep offshore field, Romania will be the largest gas producer in the EU, all gas consumers in the country, including the population, will pay a carbon tax for the use of gas , which will be included in the price. If it were to be […]

The Rompetrol Group, which in the past announced a project to install electric charging points in the gas station network on the A1 Highway, the segment between Sibiu and Nădlac, has started the tenders for the actual works of placing them in the gas stations. The project “Development of alternative fuel infrastructure by Rompetrol on […]

At the proposal of the general director of Bulgartransgaz, Vladimir Malinov, the Supervisory Board of the company decided to launch a public tender in connection with the vertical gas corridor initiative started by the system operators in Greece, Bulgaria, Romania, Hungary, Ukraine, the Republic of Moldova and Slovakia, informs BTA, quoted by Agerpres. The public […]