Universe

US crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened US political pressure on Moscow and problems over contaminated Russian oil.

Active Urals crude oil buyers Greece and Croatia have also taken several cargoes of US oil.

In this impoverished, struggling country, there is wealth lying just about everywhere you look, and yet no one is earning a cent from it. Even the most obvious no-brainer - solar thermal energy - is found on rooftops only sporadically in the north and not at all in the south. The contrast to Italy and Greece, where rooftop solar thermal systems are common, is glaring.

Bulgaria needs to revise the plan for the development of Bulgarian power generation, raise the level of ambition for higher renewable energy sources targets, provide analyses of the effect of the Belene NPP project and diversify nuclear fuel supplies, the European Commission says in a letter.

Only dreamers could have really believed that drilling for and exploiting hydrocarbons would have been an easy affair.

Similarly, one must view as dreamers those who envision global energy roles and loads of revenues without fully assuming the responsibilities that these roles entail.

The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on June 14, although stimulus packages and developing countries should boost growth going into 2020.

Romania has an enormous potential to develop energy business and there is a major potential for developing energy efficiency, Sebastian Metz, Director General of the Romanian-German Chamber of Commerce and Industry (AHK Romania) said on Tuesday at a symposium on energy efficiency in industry. "There is an enormous potential to make energy business here in Romania.

Next Tuesday's conference call between Energy Ministry officials and the European Commission's Directorate General for Competition (DGComp) will determine the fate of the fifth plant of Public Power Corporation at Ptolemaida, in Western Macedonia.

The complicated situation in Iran and Venezuela and the high carbon prices that have an effect on all energy companies in our country are the reason for the appreciation of prices of the heating from July. This was explained by the Chairman of the Energy and Water Regulation Commission Ivan Ivanov. The price of electricity is consistent with annual inflation, Ivanov said.
 

The small photovoltaic plants threatened with civil disobedience if the purchase price of their green energy did not rise. They threatened with traffic blockades and demanded the resignations of the energy minister and the head of the energy regulator.

Schneider Electric contacted Greek power grid manager DEDDIE on Monday to express its interest in the replacement of the approximately 7.5 million conventional electricity meters in Greece with smart ones, in a project totaling 1.5 billion euros.