Romania is the third largest oil producer in the EU
The largest producers of oil in the European Union were, in 2022, Italy (4.5 million tons), Denmark (3.2 million tons)…
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oil price
Oil price rises due to supply concerns
The price of oil rose on Monday, against the background of optimism regarding demand from China, production cuts by major…
ECB estimates that a growth in oil price will only reduce the potential economic growth of the euro area by 0.8%
A permanent increase of the oil price would reduce potential economic growth in the euro zone by less than 1%…
Oil barrel exceeds $120 following Saudi Arabia’s decision to raise prices
Oil prices rose on Monday, with the price of a barrel of Brent crude oil exceeding $120 after Saudi Arabia…
Oil price – the lowest level in recent times, after negotiations between Russia and Ukraine
Oil prices continued to fall on Tuesday to a two-week low after talks between Russia and Ukraine eased fears of…
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…
IEA: Rising oil prices will slow as supplies rise
The growth momentum in the oil market could slow down, as prices that have reached the highest level in the…
Oil could hit $100 a barrel this winter
Market participants speculate that oil could reach $100 a barrel in the winter and that natural gas prices, currently around…
Oil price reaches 11-month high after Saudi Arabia cut production
Oil prices rose to their highest level in February 2020 on Wednesday, after Saudi Arabia agreed to cut production more…
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…
Minister of Economy: In the short term Romania will not be affected by the drastic drop in US oil prices
Romania will not be affected, in the short term, by the drastic drop in the price of oil in the…
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…
Oil prices spike by a record 25% as Trump talks up huge production cuts and Saudi Arabia calls for OPEC meeting
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
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…
Popescu: The liberalization of the gas and electricity markets will continue according to the calendar
The Minister of Economy, Virgil Popescu, says that even in the current context of the coronavirus pandemic the gas and…
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,…
Fears of the coronavirus epidemic have joined the oil price crash, causing stock market declines in Bucharest
Fears of the coronavirus epidemic have joined the oil price crash, and this situation led to the Bucharest Stock Exchange…
Oil at $100? Experts predict where crude could go if an Iran conflict breaks out
Oil is in the crosshairs as the prospect of confrontation brews between the U.S. and Iran. A top military aide…
Increasing stocks bring oil prices even lower
Money managers have never been more certain that oil prices will drop. They increased bets on falling crude by the…
