Investing.com -- Shares in oil and gas producers across the U.S. and Europe fell sharply after the U.S. military halted two weeks of strikes on Iran, with Tehran signaling it would suspend its own attacks as long as the pause holds, easing fears of a broader Middle East escalation and dragging crude prices lower.

OMV Petrom completed the installation of the offshore production platform for Neptun Deep, a Black Sea project that the company says will position Romania as the European Union's biggest natural gas producer.

Libya has declared OMV’s 195-million-barrel Essar oil discovery commercially viable, advancing its strategy to revive production and attract international investment.

Here is how OMV AG (OMVKY) and Bloom Energy (BE) have performed compared to their sector so far this year.

OMV (WBAG:OMV) sits in focus today after recent trading left the shares around €59.50, with investors weighing its current valuation against reported €23.6b revenue and €710m net income from its diversified energy and chemicals operations. See our latest analysis for OMV. Recent trading has been mixed, with a 1 day share price return of 1.71% and a 7 day gain of 2.94% set against a 30 day share price return of negative 2.86%. At the same time, the 90 day share price return of 19.62% and 1...

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