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: Raising Conpet transport tariff affects the oil sector
Conpet state company, oil pipeline operator for crude oil transportation, could increase the fee by a 1.41% rate for services…
The gasoline price fell to 52 cents per liter in the US
The average price of gasoline in the US reached its lowest level in seven years, positioning itself at a little…
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,…
Prahova County Court returned Petrotel Lukoil case file to prosecutors
Prahova Court ordered, Tuesday, for the Petrotel Lukoil dossier to be restituted to the Prosecutor of Ploiești Appeal Court, after…
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),…
John Long, Nobel Oil Downstream: Demand outstrips supply and there is headroom for more stations
Nobel Oil, a name that resonates throughout the last two centuries of petroleum history, has decided to access the Romanian…