Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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…
It all began in California. In 2019, the city of Berkeley enacted the first city-wide ban on new natural gas hookups in residential buildings. The…
Crude oil inventories in the United States shed 5.1 million barrels in the week to May 28, the Energy Information Administration reported today, adding inventories…
Activist investor hedge fund Engine No.1 has won a third seat on the supermajor’s board of directors in an unprecedented shift of shareholder sentiment in…
Global energy investment this year is seen expanding by 10 percent from 2020 to $1.9 trillion, the International Energy Agency said in its World Energy…
Crude oil prices strengthened further this week after OPEC+ signaled its growing optimism about the balance between demand and supply, and confirmed that it planned…
If there is one thing everyone knows about the tiny northern nation of Iceland, it is that it has plentiful geothermal resources. Europe's northernmost independent…
Exxon is leaving a deepwater prospect in Ghana after seismic work failed to produce good enough results. Bloomberg reports that the supermajor relinquished its whole…
Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of…