Tag: Oil Price

OMV Petrom estimates 45 % fuel sales drop in Q2 2020 – Romania, 30 April 2020

CEO of the largest Romanian oil and gas company OMV Petrom Christina Verchere said that the company estimates a 45 % drop in fuel demand in the second quarter of this year and a 20 % decline on an annual level, and regarding natural gas consumption, this reduction could be between 10 and 20 %. […]

Low crude oil prices positive for Greek economy in long-term – Greece, 22 April 2020

Greek market is following international developments in the oil industry as rices plummet, with projections for the coming weeks remaining uncertain as analysts await June futures to obtain a clearer picture. According to the Ministry of Energy, international conditions in the oil markets are ver Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]

Romania will not be affected by low crude oil prices in short-term – Romania, 23 April 2020

Romanian Minister of Economy and Energy Virgil Popescu said that 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 consumes a lot of oil from domestic production. Minister Popescu also said that this situation is Full article available […]