Romania's crude oil production fell by almost 8% in the first two months of 2025; imports increased by almost 10%

Crude oil imports totalled, in January-February 2025, almost 1.53 million tep, being 138,200 bp above those recorded in the same period in 2024 (+9.9%). According to the latest Energy Balance Forecast, published by the National Commission for Strategy and Forecasting (CNSP), crude oil production is expected to decline by 2027 at an average annual rate of 2.5%. Thus, for 2025, a quantity of crude oil is estimated to be 2.74 million bp (minus 2.8%…

Romania produced, in the first two months of 2025, a quantity of crude oil worth 415,400 tons of oil equivalent (TOE), 34,000 TOE less (-7.6%) than in the same period of the previous year,...