The latest commodities markets news and analysis from FriedlNews
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Austrian Commodities Markets Headlines

Rainer Seele: OMV Sees No Need for Further Impairments

Listed oil and gas giant OMV expects no need for further impairments after writing off billions in Q3 and Q4 2015, provided that the scenario assuming USD 40 Brent price ber barell in 2016 materializes, CEO Rainer Seele said.

January 29, 2016

Schelling: Austria Won't Sell Stake in OMV

Austria will not sell its stake in listed oil and gas group OMV, Finance Minister Hans Jörg Schelling said at the sitting of the National Council on Wednesday in a response to questions from the Green Party.

January 27, 2016

OMV Faces Greenpeace Protests Against Arctic Project

Listed oil and gas group OMV is facing protest of environmentalist organization Greenpeace against the drilling in the Arctic. The organisation's activists fixed a symbolic oil film on one of OMV's tank's in Muthgasse calling for an immediate and final withdrawal of the group from the Arctic.

January 22, 2016

Wishing you Peace, Joy and Happiness in the New Year

Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities in business and diplomacy. Our mission remains to inform and to connect Austria's international professionals and expatriates to enable them to be more productive and successful. Whatever 2016 brings, my editorial team and I will continue to bring you the latest in Austrian-international news and insight. I wish you a peaceful and prosperous holiday season and - till next year. Warm regards, Dr. Peter J. Friedl, Editor, FriedlNews

December 23, 2015

FriedlNews wishes Merry Christmas and a Happy New Year from Vienna!

Warmest wishes for the season, and sincere thanks for your loyalty throughout the years! Our service will be closed untill January 11th, 2016. The FriedlNews Team

December 23, 2015

OMV Holds On to Planned Investments in Russia

The Austrian oil and gas group OMV will hold on to planned investments in Russia, despite low prices of commodities. "We plan to go ahead with our investments, even at this moment when oil price is below USD 40” CEO of OMV, Rainer Seele said in Berlin. He assumes that prices will remain low for some time in the future.

December 18, 2015

Power Market Regulator: 2.45 Percent of Austrians to Switch Power Supplier

2.45 percent of Austrian households will switch to a different electricity supplier in 2015, power market regulator E-Control head Walter Boltz expects.

December 15, 2015

Paris Climate Summit - Treaty COP21 Will Affect Austria

In an interview for Austrian broadcaster ORF Environmental Minister Andrä Rupprechter (ÖVP) declared that the climate treaty agreed during the COP21 summit in Paris would affect Austria. He also stressed that a change of the energy policy was necessary.

December 14, 2015

Verbund Power Joins Opposition Against Plan to Separate German-Austrian Power Market

Austria's biggest power group Verbund joined the protest against the plan of the European regulator ACER to divide the German and Austrian electricity markets.

December 4, 2015

OMV and Partners Begin Production of Oil from Norwegian Field

Last weekend the listed oil and gas concern OMV and its partners started producing oil from the EdvardGrieg field in the Norwegian North Sea, which was discovered in 2007.

December 1, 2015