According to data published by the State Statistical Office, the activities of oil and gas extraction continued its downward trend in 2021 as well. In 2021, the drop in oil and gas production volume amounted to 8.1 %. In 2020, characterized by covid-induced lockdowns, the drop amounted to 14.2 %, Full article available for subscribers […]
According to data published by the National Institute of Statistics (INS), in the first eleven months of 2021, Romania produced a total of 2.848 million tons of oil equivalent of crude oil, which is by 122,000 tons of oil equivalent (4.1 %) less than in the same period of 2020. At the same time, Full […]
Second quarter of 2021 has shown further improvement in external environment, with Brent prices well above 60 dollars/barrel and CEGH gas price at 24 euros/MWh. Product demand has increased close to pre-crisis levels in our core region, however the COVID-19 pandemic is not over yet, therefore econom Full article available for subscribers of Energy NEWS […]