Oil slips on worries Mideast rift could undermine OPEC cuts
Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several…
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Exploration & production
Roland Berger: The oil price will remain around $50 a barrel
Almost all oil-producing countries have overestimated the projected price for 2016. Last year, the three oil producing countries with the…
Seele, OMV: Q2 has been stable, positive
Austrian oil and gas group OMV has seen stable business in the second quarter, CEO Rainer Seele told reporters, after…
ANRE supports BRM and ”effective competition”, the exchange announces record trades
While at the BRM exchange ring, 300.000 MWh were traded at a record price of 68,50 lei/MWh, one of the…
OPEC nearing deal to extend oil output cut to March 2018
OPEC and non-member oil producers moved closer on Wednesday to clinching a deal on extending output cuts by nine months…
Expert Petroleum gets $5 million from the EBRD for operations in Romania
The European Bank for Reconstruction and Development (EBRD) announced it have provided a US $ 5 million loan to Expert…
Wood Mackenzie: The oil and gas industry faces a difficult year
The oil and gas industry is facing a challenging year. Oil prices remain volatile, and uncertainty remains about whether prices…
Cartel Alfa Union asks the gov’t to summon the Trilateral Committee for gas market negotiations
Cartel Alfa Union asks the government to convene the Tripartite National Social Dialogue Council to discuss about the sale of…
The Industry Committee of the Chamber of Deputies explains its amendments to Law 123/2012
The Commission for Industries and Services concluded on Tuesday, May 16th, the report regarding the Law approving the Government Emergency…
OPEC: Prolonging cut would achieve mission to clear oil glut
The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept…