Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Two commodity trading giants are betting big on a Russian oil project in a rare move that could make or break the oil traders’ fates…
The G7 nations failed to set targets for EV sales in their push towards the electrification of transport at their latest meeting, pledging only to…
Global crude oil demand will rebound to pre-pandemic levels and exceed them, clocking in at 100.6 million barrels daily by the end of next year,…
Shell may put up for sale all of its acreage in the Permian in the latest step of a low-carbon push that was most recently…
Remote work was one of the changes bestowed upon us by the pandemic—and it may turn into a long-term trend. This trend was most visible…
China will stop subsidizing new solar farm projects, distributed solar projects for commercial users, and onshore wind farms as soon as this year, Reuters reported,…
Economies reopening after lockdowns and a consequent surge in travel have pushed crude oil prices to levels last seen years ago. Now, something else can…
Exxon has made yet another in a long string of discoveries offshore Guyana in the Stabroek block, the company said this week. “Longtail-3, combined with…
Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil…
Crude oil prices fell slightly today after the Energy Information Administration reported an inventory decline of 5.2 million barrels for the week to June 4.…
Saudi Aramco has started marketing its first dollar-denominated bond to investors. The Islamic bond is divided into three portions, maturing in three, five, and ten…
An oil tanker loaded with about a million barrels of crude has been sitting by the Yemeni coast since 2015. The UN has repeatedly called…
Crude oil imports to China could fall by some 3 percent as a result of a government effort to reduce the output of fuels amid…
The members of the Organization of Petroleum Exporting Countries lost a collective $1 trillion in foregone revenues during the last crisis in 2015 and 2016,…
Crude oil imports into China dropped by almost 15 percent annually last month. While substantial, the drop is no reason for worry because it was…
As the prices of steel, cement and other raw materials climb higher and higher amid tightening supply, drillers in the U.S. shale patch are facing…
West Texas Intermediate hit the highest since 2018 at the end of last week amid an increasingly favorable demand outlook. The U.S. benchmark topped $70…
Gamma-ray bursts are the most powerful, brightest explosions in the universe. They last only seconds but release immense amounts of energy—as much, in fact, as…
The world is past peak coal consumption and may reach peak oil consumption within the next ten years, Alexei Kudrin, the head of the Russian…
Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever. The tender involved five oil blocks along Uganda’s border…