Romania produced a quantity of crude oil of almost 2.456 million tonnes of oil equivalent (toe) January through November, 2024, by 106,500 toe less (-4.2%) against the same period of the previous year, according to data centralized by the National Institute of Statistics (INS).Crude oil imports totaled 7.418 million toe, in the reference period, by 721,600 toe more against the level recorded in January-November 2023 (+10.8%).According to the latest Energy Balance Forecast, published by the National Strategy and Forecast Commission (CNSP), crude oil production is expected to decrease by 2027 at an average annual rate of 2.5%.Thus, for 2024, a quantity of crude oil of 2.82 million toe (minus 3.1% compared to 2023) is estimated, in 2025 of 2.74 million toe (minus 2.8% compared to the previous year), in 2026 of 2.68 million toe (minus 2.2%) and in 2027 of 2.63 million toe (minus 1.9%).According to the CNSP, this decrease will be the consequence of the natural decline of deposits and the maintenance of existing production units.Crude oil imports are expected to increase from 7.35 million toe in 2023 to 7.8 million toe in 2027, with an average annual rate of 1.5%. After a 13.7% decrease estimated for 2024, to 6.34 million toe, imports will increase by 10.4% in 2025, to 7 million toe, by 7.4% in 2026, to 7.52 million toe, and by 7.8% in 2027.
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
Romania’s Social Democratic Party (PSD) has de facto frozen all major government reforms until it completes internal consultations on whether to remain in the ruling coalition, with a final decision expected at the end of January 2026. The party’s move is seen as an attempt to strengthen its negotiating position within the ruling coalition (for […]
Romanian president Nicușor Dan has invited prosecutors and judges to a meeting on December 22 to discuss concerns over the functioning of the judiciary, after almost 200 magistrates publicly alleged integrity problems within the system. In a message published on Facebook on December 11, Dan said the situation required urgent attention. “When...
Prime Batteries, the only local battery manufacturer and one of the few active in Europe, has established a joint venture with the South Korean company Top Material to produce active material, a key element in the production of batteries. The unit is in South Korea. Top Material is also a shareholder in Prime, with a […]
Franklin Templeton, the administrator of Fondul Proprietatea, has launched 16 Franklin Templeton Investment Funds (FTIF) on the iFonduri platform, expanding access to investment solutions for individual investors in Romania, according to Ziarul Financiar. The iFonduri platform, launched on Thursday, December...
Some companies in the BETPlus index are expected to deliver an average dividend yield of 3.6% in 2026, down from the 4.1% projected for a similar selection last year, according to an analysis by the TradeVille Analysis Department, Bursa.ro reported. The estimates are based...
