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Austrian Commodities Markets Headlines

22k Households Change Energy Provider in 2016 Campaign of Consumer Association

22k Austrian households switched to another electricity and/or natural gas provider in this year's campaign of consumer association VKI, a clear increase on some 12.5k in 2015.

May 3, 2016

OeNB Doubles Profit Thanks to Münze Österreich

The Austrian National Bank (OeNB) more than doubled its profit from EUR 341 million to EUR 753 million in 2015 thanks to income from stake in Münze Österreich. The federal government will take EUR 508 million from the profit.

April 29, 2016

OMV Reports More Output, Lower Margins

In Q1 2016 listed oil and gas group OMV reported lower refinery margins, but this was partly balanced by lower oil prices. Output exceeded production recorded in Q4 2015 and was also higher year on year. One-off costs were reported for the LNG segment, but Borealis was performing well, OMV declares in its Trading Statement published on Thursday.

April 21, 2016

VSE: International Investors Dominate Vienna Stock Exchange

International institutional investors are largest group of investors on the prime market of the VSE Vienna Stock Exchange. They account for some 78 percent of institutional free float of the prime market index ATX Prime stocks, according to a study.

April 12, 2016

Austrian Investment Funds Recover Slightly in March

The Austrian investment funds managed to recover slightly from the setback at the beginning of the year. The average one-year performance of all funds improved in arithmetic assets from 5.37 percent to 4.63 percent. 1,239 funds with a history of at least a year recorded negative performance, 302 recorded positive performance and four saw no change.

April 11, 2016

OMV Closes Development Wells in Norway, Confirms Potential

Listed oil and gas group OMV has concluded development wells in Norway. The potential of the Wisting area, estimated initially at 200500 million boe, has been confirmed, the company reported. Wisting is the most-northern location where oil has been found

April 7, 2016

OMV Sees a Lot of Interest in Unit Gas Connect from Potential Investors

Listed oil and gas company OMV reportedly enjoys interest of many potential investors in the stake in its unit Gas Connect Austria, Italian media report citing sources.

April 5, 2016

Fuel Prices Rise Before Easter, But Still Cheaper Y/Y

Automobile club ÖAMTC expects fuel prices to rise before Easter, by about EUR 0.015 per litre, although this change is not enough to bring the price close to last year’s. Fuel is still cheaper than in 2014 around the same time.

March 23, 2016

Voestalpine Reckons with Baltic Sea Pipeline Order

The Linz-based steel and technology grroup wants to take part in the Baltic Sea pipeline project Nord Stream II. The company hopes that it will get the chance to deliver heavy plates through the Russian pipe factory OMK.

March 4, 2016

OMV CEO Defends Plans for Russian Investments

Oil and gas group OMV’s head Rainer Seele defended the group’s plans for an asset swap with Russia’s Gazprom, and the subsequent involvement of OMV in Russia, in an interview for The CEO was secretive about what assets might get exchanged in the deal. He attracted some attention with his statement that he did not find President Vladimir Putin a "crystal clear democrat”.

March 1, 2016