IEA sees global market awash with oil in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating…
ConocoPhillips trims 2017 capex
ConocoPhillips, the largest U.S. independent oil producer, said it would reduce its capital expenditure budget by 4 percent to $5…
New prospects for oil price after Trump’s victory
Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump‘s…
Petrom’s profit drops 11% at 9M
Petrom recorded a net profit of 473 million lei in the third quarter of 2016 compared to a loss of…
OMV: Fierce competition on the gas market, also because of the imported gas
The gas demand in Romania this year remains below the levels of 2015; stable demand on the electricity market The…
Mol’s upstream segment grows in spite of shriking oil price
MOL group upgraded its 2016 operational profit (clean CCS EBITDA) guidance to around USD 2.2 bn, as the upstream third…
Artur Stratan, ROPEPCA: Investments depend on the strategy, fiscal regime and the oil price
Romanian oil and natural gas needs investments of around one billion euros annually just to finance the current needs and…
Romgaz offers Duro Felguera and Romelectro the Iernut deal, worth 269 mln. euro
Romgaz has signed on Monday the contract for the new Iernut Thermal central, worth about 269 million euro, with a…
Russian Rosneft sells more to Indians, more deals to come
Russia’s state-owned company Rosneft and India’s ONGC Videsh Limited have closed the transaction for the purchase of 11% of Vankorneft…
Russia says oil output freeze effective for markets stabilization
Cooperation between the Organization of Petroleum Exporting Countries and Russia intensifies amid discussions on how Moscow could manage to support…
ArcelorMittal injected 400 mln. euro in Romania, will continue investments
ArcelorMittal injected 400 million euro in Galati and will continue investments, says Lakshmi Mittal, chairman and CEO of ArcelorMittal. “ArcelorMittal…
Russia and Ukraine terminate agreement on operation of oil product pipelines
Russian Prime Minister Dmitry Medvedev has decreed to legally terminate an agreement that ended de facto between the Russian and…
