The World Bank: Oil could go as high as 37 dollars per barrel this year
The World Bank believes that oil will close at 37 dollars / barrel this year, down by 27% compared to…
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Exploration & production
Lukoil reduces investments, negotiates the sale of Baltic business
Lukoil plans to reduce investment this year with about 1.5 billion dollars from the amount previously expected, due to lower…
Daniel Apostol, ROPEPCA: Oil prices affect the auto industry
The continuous drop in the price of a barrel of oil at the lowest prices in 13 years not only…
OMV will present in February a new cost reduction program
The general manager of OMV, Rainer Seele, warned that the current program to reduce costs is not enough at an…
Daniel Apostol, ROPEPCA: Refining grants OMV Petrom the necessary balance in a difficult period for crude extraction
OMV and Gazprom are negotiating an asset exchange involving operations in Romania controlled by the Austrian company through OMV Petrom,…
Saudi Arabia studies the option of an IPO for Aramco
Saudi Arabia’s government is considering whether to list on the stock market a “proper share capital” of Saudi Aramco, the…
The oil barrel is close to 30 dollars on global markets
The oil barrel quotation use as reference by the Organization of Petroleum Exporting Countries (OPEC) reached, on Wednesday, a level…
Record Russian and UK oil production in 2015, crude prices keep falling
Production of oil and gas condensate in Russia reached in 2015 roughly 534 million metric tons (nearly 10.72 million bpd),…
Mark Beacom, Black Sea Oil & Gas: Constant threatening to change the fiscal framework is enough to encourage capital flight
More than one year ago Mark Beacom had the amability to answer some questions for energynomics.ro Magazine, which made one…
Oil prices fell below 35 dollars per barrel
On the New York commodities exchange, the price of American oil barrel fell, on Monday, to around $34.7, near the…