Browsing: Oil

MOL is now the third-largest partner in the supergiant oil field with estimated total gross recoverable reserves of around 3 billion barrels of oil. The statement…

After an auction held on 8 April failed to attract offers, state-owned oil company Albpetrol decided to cancel the sale of 117,639 tons of crude oil.…

As demand decreases due to coronavirus outbreak, the largest oil producer operating in Albania Canadian-Chinese oil producer Bankers Petroleum, has reduced its output. According to local…

The purchase of the remainder of Hungarian solar portfolio of Chinese solar project developer ReneSola is completed by the Denmark-based renewable energy company Obton gas. The…

As a result of the coronavirus pandemic, the current oil crisis, prompted by low crude oil prices combined with lower demand comes as the latest setback…

Due to reduced travel needs of the general public and the slowdown in economic activity prompted by the coronavirus spread, fuel sales dropped by between 30…

Since the start of the coronavirus epidemic sales of petroleum products and merchandise in all markets, especially in its two largest markets Slovenia and Croatia, have…

Namely, the Government reduced the excise duties levied by the state on fuel, which form a significant part of the final retail price. Thus, the prices…

The fund will invest 43 million dollars in the construction of a deparaffining plant on the petrochemical platform of the Petromidia refinery.The Kazakh-Romanian investment fund, in…

Due to coronavirus outbreak, the most pessimistic forecasts for fuel demand is confirmed by market data for March. This is off course in the month when…