Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasn’t. At one point, over one…
Another bout of power supply shortages hit Texas this week amid power plant maintenance season, prompting the Electric Reliability Council of Texas to call on…
Crude oil prices climbed on Wednesday morning after the Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to…
China imported 11.69 million barrels of crude oil daily last month, up by 21 percent on the year, Reuters has reported, citing official customs data.…
Rising Middle Eastern oil production is making the commodity that comes out of this region cheaper compared to Brent-linked grades, which may lead to a…
Offshore oil has built some well-deserved bad rap over the decades because of oil spills, and it has frequently been the specific target of protest…
Saudi Aramco has reached an agreement with a consortium led by U.S. EIG Global Energy Partners to sell it a 49-percent stake in Aramco Oil…
Uganda, Tanzania, and two oil majors inked a deal for the construction of a $3.5-billion pipeline that will carry Ugandan oil to the Tanzanian coast,…
U.S. domestic demand for natural gas has been falling for a year now, according to EIA data. The authority expects demand will continue down this…
Iranian crude could return to global markets sooner rather than later as this week’s start of negotiations between Tehran and the five world powers that,…
Days after OPEC+ greed to gradually ramp up production, adding some 2 million bpd to global supply by July, the Saudi energy minister, Prince Abdulaziz…
Oil and gas companies have been in the crosshairs of public outrage for years now and the pressure has only been growing, with a new…
GM shed some light on its EV tech research to produce much cheaper EV batteries, which will be key for its EV transformation. The automaker…
Mergers and acquisitions in the upstream segment of the U.S. oil and gas industry hit $3.4 billion in the first quarter of the year, Reuters…
A match has been going on in global oil, which has stayed largely out of the spotlight as the world focuses on the pandemic and…
Crude oil prices fell on Wednesday after the Energy Information Administration reported a crude oil inventory draw of 3.5 million barrels for the week to…
Gasoline prices could hit the highest in three years this summer, the Energy Information Administration said in this year’s edition of its Summer Fuels Outlook.…
“Build Back Better” was the slogan that accompanied the Biden administration’s initiative for economic recovery after the pandemic. The actual plan that the administration released…
Commodity trade major Vitol reported a drop in its 2020 revenue to $140 billion from $225 billion a year earlier as the pandemic plunged its…
India will buy some 36 percent less crude oil from Saudi Arabia next month, unnamed sources told Reuters soon after the Kingdom said it would…