oil price

Oil prices have fallen to levels not seen since 2004, surpassing the lows seen during the recession of 2008. Brent crude sank to USD 36.05 a barrel - its weakest since July 2004 - before recovering slightly to USD 36.47, the BBC informs.…

OMV Petrom (SNP) registered in nine months a net profit of RON 991 million (EUR 223.1 million), down 59% against the same period last year, and reports losses in Q3, while sales fell during January-September by 16% to RON 13.62 billion (EUR…

Macroeconomic weakness continues to restrain global oil demand growth, the IEA Oil Market Report (OMR) for January told subscribers, with fourth quarter 2014 deliveries estimated just 0.6 million barrels per day (mb/d) above year-earlier…

Premier Victor Ponta asked Transport and Finance minister to talk to the oil companies so that the fuel price should reach ‘a fair and reasonable’ level in Romania, arguing the price of oil fell at international level and the taxes and…