Major OPEC+ oil producers postpone production increase to April 2025
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed on Thursday to…
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oil production
INS: Romania’s crude oil production fell by 3.4% in Q1
Romania produced, in the first quarter of 2024, a quantity of crude oil of 682,400 tonnes of oil equivalent (toe),…
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)…
Romania’s crude oil production fell 3.9% in the first five months of 2023
Romania produced, in the first five months of 2023, a quantity of crude oil of 1.177 million tons of oil…
OMV Petrom discovered new crude oil and natural gas resources in Romania
OMV Petrom, the largest integrated energy company in Southeast Europe, announces that it has discovered new crude oil and natural…
Romania’s crude oil production fell 6.2% in 10M of 2022; imports up by 31%
Romania produced, in the first ten months of 2022, an amount of crude oil of over 2,436 million tonnes equivalent…
Romania’s crude oil production fell by 6.2% in the first five months of 2022
Romania produced, in the first five months of 2022, a quantity of crude oil of 1.224 million tons of oil…
Romania’s crude oil production fell by 4.6% in the first two months of 2022
Romania produced, in the first two months of 2022, a quantity of crude oil of over 481,600 tons of oil…
Romania’s crude oil production fell by 4.1% in the first 11 months of 2021
Romania produced, in the first 11 months of 2021, a quantity of crude oil of over 2.848 million tons of…
Romanian courts decide in favor of the oil operators
Varinia Radu – Partner CMS România Ramona Dulamea – Senior Associate CMS România Daniela Popescu – Senior Associate CMS România In…
Oil production continues to fall, imports grow
Romania imported in January this year an amount of 511.800 tonnes of crude oil equivalent (tep), with 19.100 toe (+…
Chinese company could take control of KMG International
UPDATE – reaction from Energy Minister Shortly after the appearance of this news, Energy Minister Victor Grigorescu made the following…
Oil steadies over European optimism on Grexit
Oil prices was flat on Tuesday as stronger European economic data and optimism a deal will be struck between Greece…
International oil prices make gasoline more expensive also in Romania
In recent weeks, developments in the international prices of the two categories of products made in diesel cheaper and gasoline…
Oil falls toward 65 dollars on signs of U.S. shale oil recovery
Oil slipped toward $65 a barrel on Monday as signs that U.S. shale oil production was recovering after a recent…
Russian oil floods export market as refiners lose money
Crude oil exports from Russia, the world’s biggest producer, grew about seven times faster than output in the first quarter…
Brent crude fell below 49 dollars per barrel
The price of a barrel of Brent crude oil fell below 49 dollars on Monday, for the first time since…
The new oil quotation shakes the investment dynamics (Varinia Radu, CMS Cameron McKenna)
Varinia Radu, Partner at CMS Cameron McKenna Brent oil price, referenced in the London exchange, has had a period of…
Lukoil to invest in a Nigerian project with Chevron
Russia’s second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with U.S. oil major…