OIL PRICE
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Companies
OMV Petrom Revises Down Oil Price Assumptions
OMV Petrom, the largest energy company in South-Eastern Europe, has revised its medium and long-term oil and electricity price assumptions leading to net impairments of around RON350 million after tax in the third quarter.
Energy
OMV Petrom Extends Oil Price Hedges Into 2012
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it has extended until 2012 its oil price hedges to protect its cash flow from the negative impact of potential lower oil price...