New Romanian Government Promises Shale Gas Moratorium

CNBC reported that Romania’s new government has announced that there will be a moratorium on shale gas exploration in the country.

As quoted in the market news:

The previous government which fell in a confidence vote last week, awarded U.S. petroleum company Chevron Corp. exploration rights of shale gas for large areas near the Black Sea in March, which drew criticism from environmentalists.

Click here to read the full CNBC report.