OMV has installed a photovoltaic system at its Lobau tank farm site in eastern Austria, where the oil, gas and chemicals company stores around 1.63 million cubic meters of crude oils, petroleum products and additives ...
The White House sent two staffers to Saudi Arabia in mid-February to urge the kingdom to produce more oil. The background is fears that energy prices could rise further in the event of a Russian invasion of Ukraine. President Joe Biden had warned of such a price increase scenario...
According to the latest gas market report from the International Energy Agency (IEA), supply in international markets in 2021 failed to keep pace with the 4.6 percent increase in global demand for natural gas compared to 2020. This has led to shortages ...
It was a very successful 2021 for Austria's OMV, which ended with a doubling of sales and a striking increase in profits that led to a record result. The oil, gas and chemicals group ...
