Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Chevron will allocate $14 billion for upstream investments in 2024, the company said in a budget update that saw the total capex planned for 2024…
This week, a report from a climate organization warned that emissions from the combustion of hydrocarbons are set for a record this year. This is despite the…
WTI oil prices held just above $70 today after the U.S. Energy Information Administration reported a crude oil inventory draw of 4.6 million barrels for…
Record crude oil production in the United States is serving a fresh blow to oil bulls and OPEC, just as the cartel was trying to…
Reports of several attacks with drones and ballistic missiles by Yemeni Houthis in the Red Sea have sparked concern about the security of global maritime…
Crude oil prices steadied today after three consecutive losing sessions, mostly supported by a statement from Saudi Arabia that the production cuts agreed last week…
Last week, OPEC and its partners from OPEC+ agreed to deepen and extend their production cuts into the first quarter of 2024. The move, almost…
Crude oil prices whipsawed between an early gain and a loss in a matter of hours in pre-noon trade in Asia today locked between bullish…
The energy transition has been estimated to cost more than $100 trillion by 2050. In fact, according to the calculations of the Energy Transitions Commission,…
Germany will remain committed to financing the energy transition with billions of dollars despite a raging budget crisis that has cast a shadow over the…
As traders brushed off the news of OPEC+’s deeper production cuts, crude oil prices dipped and are likely to post their sixth weekly decline in…
OPEC will send a delegation to the COP28 in Dubai and host a special pavilion there, the group said in a press release, adding that…
Occidental Petroleum is in talks for the potential acquisition of fellow oil and gas producer CrownRock, active in the Permian, the Wall Street Journal has…
Crude oil production in the United States is on course to break its previous record this year. That’s despite a federal government that is not the biggest…
Crude oil prices moved lower today, after the Energy Information Administration reported an estimated inventory increase of 1.6 million barrels for the week to November 24. This compared with…
Saudi Arabia is expected to reduce its official selling price for crude for Asian buyers, a survey among analysts conducted by Bloomberg has shown. According…
A small California town in the San Francisco Bay Area is planning to unhook a whole block from the gas network. This is the town of Albany’s…
Alberta Premier Danielle Smith has invoked a controversial piece of legislation to protect the citizens of the oil-rich province from the federal government’s Clean Electricity…
Sustainability-linked loans, or SLLs, have only been around for a few years. In that short time, they have ballooned into a market worth $1.5 trillion.…
Crude oil prices began the week with a slide ahead of the postponed OPEC+ meeting that will now be held on Thursday. The decline followed…