At the New York Stock Exchange, crude was traded at $68/bbl, after the announcement of fuel consumption reduction in United States.

Mariana Gheorghe also said Petrom will be focused on other activities than oil and natural gas, such as electricity and alternative energy solutions.

The decline of crude price and oil sales have sharply eroded Petrom’s quarterly profit to 923 million lei, down 45% than a year earlier, but second-quarter results topped expectations.

Petrom profit sinks 45% on tumbling crude oil prices

Petrom profit sinks 45% on tumbling crude oil prices