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Romania's OMV Petrom hails largest oil find in decades
Romania's OMV Petrom said it has made a series of oil and gas discoveries in southern Romania including its largest crude find "in decades". The discoveries could help the firm reduce the decline in its upstream production and increase the intake of domestic crude at its 85,000 b/d Petrobrazi refinery in Ploiesti.
read more... 15/06/2023
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Poland delays green energy plan as election nears
Poland has deferred a plan to cut its reliance on coal by changing the status of its energy policy update to a consultation ahead of elections later this year, following pressure from mining unions.
read more... 15/06/2023
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Finnish wind power pipeline totals 121GW
Finland has a total of 121GW of new wind power capacity in line to be installed across the country, comprising 386 onshore wind projects and 32 offshore wind farms. But the bulk of these projects are still in the early phases of development, a report by the Finnish wind association said.
read more... 15/06/2023
Daily (14.06.2023): Gas prices soared on Tuesday as Nyhamna's gas outage was extended by more than three weeks
Crude oil prices gained ground on Tuesday on the back of lower-than-expected US inflation figures, which raised hopes of a pause in the Federal Reserve's interest rate hike. In addition, speculation about further Chinese economic recovery lent support. Hence, Brent crude increased by 3.4% to settle at $74.29 a barrel. At the same time, WTI crude traded 3.4% higher at $69.42 a barrel.
read more... 14/06/2023
EU tries to pass renewable energy deal, sources say ammonia exception eyed
EU countries hope to pass a deal on new renewable energy targets on Wednesday and are considering options including an exemption for certain ammonia plants, in an attempt to win over countries sceptical of the final law, diplomatic sources said.
read more... 14/06/2023