OPEC and Russia decide on Tuesday whether to increase oil supply
Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers decide on Tuesday whether to increase their supply…
OPEC+ is not responding to US demands to increase oil production
The OPEC+ group (composed of the Organization of the Petroleum Exporting States and other major producers) has resisted calls from…
Omicron variant contributes to lowering the price of oil
Crude oil prices fell by 15% in a single session, with investors anticipating new restrictions with the advent of the…
US throws in the market more oil to control prices
The US will release 50 million barrels of oil from the strategic reserve in a concerted action with China, Japan,…
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…
Russia is expected to increase its oil exports in Q4
Russia is expected to increase its oil exports from the Urals through Baltic ports in the fourth quarter, due to…
OPEC says that the Delta version of the coronavirus will not affect oil demand
Although the impact on the world economy of the Delta variant of coronavirus is still a great unknown, the Organization…
Chipirliu, Euler Hermes: Romania’s forecasts have been positively revised, inflation to calm down
Romania’s Gross Domestic Product growth forecasts for 2021 have been repeatedly revised positively during the last period, the projection of…
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…
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…
OPEC cut its oil demand estimates for 2020
Global oil demand will fall more sharply this year than previously forecast due to the coronavirus pandemic (COVID-19) and there…
OMV intends to issue 1.5 billion euro bonds for the acquisition of Borealis
Austrian energy group OMV AG has announced plans to issue a new bond issue of up to €1.5 billion ($1.8…
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…
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as…
Oil jumps 10% following worst day since 1991
Oil prices surged higher on Tuesday following reports that ongoing talks between OPEC and its allies, known as OPEC+, remain…
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 plummets over 20% as OPEC deal failure sparks price war
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts…
OPEC hasn’t run out of ideas – Saudi energy minister
OPEC and its allied oil-producing nations are still working well together and still have options to try to rebalance global…
The price of oil kept stable in the last week
Bogdan Tudorache Oil prices remained stable, with WTI trading at around $55/ barrel and Brent at around $60/ barrel, according…