The International Energy Agency (IEA) has worsened the forecast for global oil demand in 2026 due to the military conflict in the Middle East. Daily demand reduction is expected at the level of 418 thousand barrels per day to the level of 104 million bpd. The forecast is worsened by 334 thousand bpd compared to the April estimate, and the peak of the decline is expected in the second quarter – 2.45 million bpd.
Exxon and Shell are resuming Arctic exploration under Donald Trump’s slogan “Storms, Crumbs, Storms.” They are seeking to replenish reserves, diversify portfolios and maximize profits from Donald Trump’s policy of ramping up fossil fuel drilling, even though they recently claimed otherwise. Record investments and the success of new projects promise to exceed all expectations, in what experts see as a great success of the U.S. administration’s public policy.
US President Donald Trump is seriously considering making Venezuela the 51st state.
Moldova expects to attract Polish investments in seven strategic sectors of the economy: from IT and agriculture to energy and automobile industry.
After weeks of Russian Urals crude benefiting from a global supply shortage, the market has suddenly changed direction. The Urals discount to benchmark Brent crude increased for the first time since the start of the war in Iran.
US President Donald Trump has rejected Iran’s response to the American plan to end the war. Trump’s quick response led to a sharp rise in oil prices.
The deadline for the completion of installation works is the last week of May, while the line’s commissioning and testing phases should be completed during June. This is reported by the Energy Ministry, referring to the visit of Energy Minister Dorin Jungietu to the Vulcanesti power plant.
At the beginning of April, the National Center for Sustainable Energy (CNED) reported that the installed capacity of all renewable energy production (RES) installations exceeded 1 GW. At the same time, another tender was announced for large renewable energy producers. At the same time, Moldova is not developing projects to create balancing power plants using traditional fuels, which hinders the involvement of renewable energy in the country’s energy system.
Parliament appointed Daniel Mititela as a member of the Board of Directors of the National Energy Regulatory Agency (ANRE) for a six-year term. The candidacy was supported by 52 MPs of the majority faction of PAS. The official decision was made on May 7, the mandate will take effect on May 11, 2026.
Turkey will play a key role in gas supplies to Central and Eastern Europe and the Balkans this summer, strengthening its position as a regional logistics center. The country is increasingly importing gas and LNG amid ambitions to become a gas hub. And it seems to be succeeding against the backdrop of anti-Russian sanctions and the energy crisis.
