Electricity generation at natural gas plants has decreased dramatically due to decline in demand, Electricity Producers Association head Cem Aşık said on April 23.
"We expect a decrease of 20 percent in demand this month. The decrease in demand will be 17 percent in May and 4 percent in June, according to our estimates," he said.
Asian shares skidded on April 21 after U.S. oil futures plunged below zero with storage for crude nearly full as demand collapses due to the pandemic.
Shares fell in Tokyo, Hong Kong and Shanghai and New York stock futures retreated after the S&P 500 sank 1.8% overnight, giving up some big gains from last week.
Industrial producer prices (for both domestic and non-domestic markets) in Romania increased by 2.9% in February 2020, y-o-y, according to data released by the National Institute of Statistics (INS) on Thursday. According to INS, the February 2020 industrial producer prices (for both domestic and non-domestic market) decreased by 0.9% on a monthly basis.
After Bulgaria declared a state of emergency because of the coronavirus, fuel consumption dropped by more than 40% in major cities and highways, and nearly 80% in small towns. The situation also creates great discomfort in fuel prices. This is commented on BGNES spokesman of the National Association of Traders and Transporters of Fuel Simo Simov.
Oil prices extended losses in Asian trade on March 30 and languished at 17-year lows, with the coronavirus crisis escalating around the world and no end in sight to a vicious price war.
U.S. benchmark West Texas Intermediate fell 5.3 percent to trade at $20 a barrel, while international benchmark Brent crude was off 6.5 percent at $23.
Natural gas price will drop by more than 40% as of April 1, i.e by 17 BGN per megawatt compared to the previous quarter. This became clear on March 26 after a public discussion at Bulgaria's energy regulator. The meeting discussed the proposed by Bulgargas new price of gas for the second quarter of the year.