Browsing: oil market

OMV Petrom company estimates a 45 % drop in fuel demand in the second quarter of this year and a 20 % decline on an annual…

The outbreak of the COVID-19 pandemic, coupled with the disagreement within OPEC+, have led to a parallel supply and demand shock on global oil markets which…

The shareholders of Oil Terminal, a company which operates the oil terminal in Constanta port, approved the payout of dividends for 2019 in the amount of…

Romania will not be affected, in the short term, by the drastic drop in the price of oil in the United States, given that the country…

According to the Ministry of Energy, international conditions in the oil markets are very worrying, and the Ministry is preparing to tackle the local consequences. Greek…

Bulgarian Government announced that it has extended concession agreement for Dolni Lukovit onshore oil and gas perimeter signed with local company Oil and Gas Exploration and…

Brent oil quotation fell to 21 dollars/barrel after WTI oil, a benchmark for the US market, was traded at negative price at -37 dollars/barrel for futures…

Montenegrin oil company Jugopetrol’s operating revenues in the past year amounted to 158.5 million euros, which is 3.2 % lower compared to 2018, while its operating…

MOL is now the third-largest partner in the supergiant oil field with estimated total gross recoverable reserves of around 3 billion barrels of oil. The statement…

After an auction held on 8 April failed to attract offers, state-owned oil company Albpetrol decided to cancel the sale of 117,639 tons of crude oil.…