Crude oil prices rise after OPEC meeting
The price of a barrel of oil rose on Thursday after the OPEC + group (composed of the Organization of…
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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…
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…
OMV Petrom net earnings fell by 60% at nine months
OMV Petrom had after nine months a net profit of 991 million lei (223.1 million euros), down by 59% compared…
Russia’s oil production will increase this year by 0.8%
Russia’s oil production will exceed this year the 2014 level by 0.8%, according to the estimates by the State Duma,…
Hit by cheap oil, Canada’s economy falls into recession
The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the…
Oil drops again, on concerns of glut in refined products
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports…
Oil price pressed as World Bank cuts growth forecast
Oil prices pared early losses on Wednesday but remained under pressure after the World Bank cut its economic growth forecast,…