Tag: Energy Market
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Ofgem: About £240m in unclaimed energy refunds for 2 million customers
Massive Unclaimed Credits: What Ofgem’s Update Means for Consumers Nearly two million energy customers could be owed a share of about £240 million after accounts were closed while still in credit. Ofgem, the energy regulator, revealed new figures showing that a substantial amount of customer credit became stranded when supplier accounts were closed, sometimes leaving…
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Analysis of OMV Petrom: Navigating Oil Price Drops and Production Costs
Introduction The global oil and gas exploration and production sector is currently facing significant challenges. As prices for oil barrels decrease, companies are under immense pressure to manage rising production costs effectively. OMV Petrom, one of the leading players in the Romanian energy market, finds itself navigating these choppy waters. This article provides an in-depth…