Rompetrol records a loss of 132 mln. USD in Q1, despite the increase in turnover
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), had a gross turnover of 1.17 billion USD in…
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Brent
Brent oil prices have risen by more than 3% amid supply uncertainties
The price of a barrel of Brent oil supplied in May rose by more than 3% on the London futures…
US announces ban on oil imports from Russia
US President Joe Biden has announced a ban on imports of oil and energy from Russia in response to the…
Blinken says US is working with European allies to look at ‘prospect’ of banning Russian oil imports
UPDATE WTI crude futures jumped to their highest levels since 2008 early on Monday, amid the risk of a Western…
Brent oil price continues to rise, reaching almost $117
The price of a barrel of Brent oil supplied in March continued its rise on Thursday and rose by 3.48%…
Crude oil futures surged more than 6% to above $97 a barrel
Crude oil futures surged more than 6% to above $97 a barrel in the early trading on Monday in Asia…
XTB: Exceeding the $100 a barrel threshold is almost a certainty
Brent’s $100 a barrel threshold is almost certain, and more and more opinions are now suggesting that $125 a barrel…
Oil majors will increase their production by 400,000 barrels a day
The OPEC+ group (composed of the Organization of the Petroleum Exporting States and other major producers) agreed to maintain a…
Brent crude breaks $70 after Saudi Arabia’s oil facilities attacked
International benchmark Brent crude futures popped on Monday, moving above $70 a barrel for the first time in more than…
Oil demand will be affected by new restrictions in Europe
New restrictions imposed in Europe to stop the spread of the coronavirus pandemic (COVID-19) will reduce the outlook for global…
IEA expects a slowdown in oil demand in 2020
International Energy Agency (IEA) has worsened its oil demand estimates for 2020 amid reduced air travel, continued long-distance work and…
Oil prices are falling, there are fears about the recovery of the global economy
Oil prices fell again on Wednesday after a significant decline in the previous session, as rising Covid-19 cases in the…
J.P. Morgan believes Brent crude could hit $190/barrel by 2025
J.P. Morgan thinks crude oil could hit $190/barrel by 2025, notes Cattle Drive Capital in an article published by seekingalpha.com.…
US WTI downs to the lowest prices in 21 years
The US oil price reached its lowest level since 1999, amid lower demand and record stocks. The US benchmark West…
Oil prices still low after sharp losses caused by US stockpile surge
Oil prices fell on Thursday after OPEC lowered its global oil demand forecast due to the “historic shock” delivered by…
Oil prices turn lower despite hints Russia and Saudi Arabia are very close to a deal
Oil prices fell on Monday, reversing earlier gains after the CEO of Russian sovereign wealth fund RDIF told CNBC that…
Coronavirus: Oil price collapses to lowest level for 18 years
The price of oil has sunk to levels not seen since 2002 as demand for crude collapsed amid the coronavirus…
Oil rises over 3% but set for biggest weekly thumping since 2008
Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday,…
Oil jumps 10% following worst day since 1991
Oil prices surged higher on Tuesday following reports that ongoing talks between OPEC and its allies, known as OPEC+, remain…
Oil plummets over 20% as OPEC deal failure sparks price war
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts…
Oil prices top $70 a barrel amid fears over Suleimani retaliation
Oil prices climbed above $70 a barrel for the first time in four months on Monday amid fears that the…
Oil hits 3-month highs on upbeat U.S. and Chinese economic data
Oil prices rose on Friday, hitting three-month highs, as upbeat economic data from China and the United States indicated an…
The price of oil kept stable in the last week
Bogdan Tudorache Oil prices remained stable, with WTI trading at around $55/ barrel and Brent at around $60/ barrel, according…