Irina Slav

Latest articles from Irina

• South Korea To Build World’s Largest Offshore Wind Farm

  Published 05 February 2021 | viewed 6,123 times

  South Korea will invest some $43 billion in constructing what is to be the world’s largest offshore wind farm, Reuters reports, adding that the project…

• China’s Oil Major CNOOC Boosts Capex To 7-Year High Despite Pandemic

  Published 05 February 2021 | viewed 5,233 times

  Chinese state oil and gas company CNOOC will boost its capital spending this year to the highest in seven years, thanks to a 5-percent increase…

• Cold Weather Pushes Gas Prices Above $3

  Published 04 February 2021 | viewed 8,601 times

  The weather doesn’t always follow traders’ hopes and expectations. However, it sometimes exceeds them. December and January saw a surge in natural gas prices in…

• India Worried About Rapid Oil Price Rally

  Published 04 February 2021 | viewed 11,002 times

  India’s Petroleum Minister Dharmendra Pradhan has warned that higher oil prices could interfere with global economic recovery in the latest signal from New Delhi—one of…

• Shell’s Profits Plunge 87% In 2020

  Published 04 February 2021 | viewed 4,362 times

  Anglo-Dutch supermajor Shell reported a profit of 4.85 billion for 2020, down 87 percent on the year, from $16.46 billion booked for 2019. While the…

• Brazil's Petrobras Exports Record Amount Of Crude In January

  Published 03 February 2021 | viewed 1,945 times

  Petrobras exported a record amount of crude oil in January this year, Argus reports, at 19.3 million bpd through the Angra dos Reis terminal. The…

• Oil Prices Inch Lower On EIA Crude Inventory Report

  Published 03 February 2021 | viewed 12,784 times

  Crude oil prices fell slightly today after the Energy Information Administration reported a crude oil inventory draw of 1 million barrels for the last week…

• Tesla Could Be Worth $1200 Per Share Next Year

  Published 02 February 2021 | viewed 11,981 times

  One thousand and two hundred dollars: this is how much investment firm Piper Sandler expects the stock of Tesla (NASDAQ:TSLA) to be worth in a…

• BP Reports Massive Loss For 2020

  Published 02 February 2021 | viewed 9,289 times

  The second supermajor to report full-year results, BP, said today it had lost $5.7 billion last year because of the oil price slump and demand…

• A Glimmer Of Hope For Oil Markets

  Published 01 February 2021 | viewed 14,985 times

  Oil was off to a reasonably good start this year thanks to the start of a vaccination push and a Saudi commitment to cut more…

• Exxon And Chevron Discussed Merger In 2020

  Published 01 February 2021 | viewed 4,923 times

  The two largest oil companies in the United States, Exxon and Chevron (NYSE:CVX), were in talks to merge amid the pandemic crisis last year, the…

• OPEC+ Boasts 99% Compliance With Cuts

  Published 01 February 2021 | viewed 5,067 times

  OPEC+ members complied almost completely with their production cut quotas last month, an unnamed source from the extended cartel told Bloomberg. At 99 percent, according…

• Europe’s Unforeseen Renewables Problem

  Published 31 January 2021 | viewed 16,486 times

  Earlier this month, something happened in Europe. It didn’t get as much media attention as the EU’s massive funding plans for its energy transition, but…

• Tesla To Boost Capacity At Shanghai Gigafactory

  Published 29 January 2021 | viewed 4,169 times

  Tesla will increase the capacity of its gigafactory in Shanghai to 450,000 cars this year from the current 250,000 as the vehicles produced there enjoy…

• Tiny Oil Company Gets 1000% Wall Street Bets Bump

  Published 29 January 2021 | viewed 108,008 times

  An oil company producing the equivalent of 70 barrels of oil daily surged in value almost 1,000 percent to $128 million thanks to a surge…

• Can Big Oil Surprise This Earnings Season?

  Published 28 January 2021 | viewed 6,193 times

  Rising oil benchmarks and rebounding share prices: two things Big Oil majors had all but forgotten last year. Yet helped by OPEC+ and Big Pharma,…

• Russia Expects Oil Between $45 And $80 By 2035

  Published 28 January 2021 | viewed 4,285 times

  Crude oil prices will trade in a range between $45 a barrel and $80 a barrel in the period until 2035, under a set of…

• OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices

  Published 28 January 2021 | viewed 11,970 times

  The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secretary-general…

• Is This The End Of Alberta’s Oil Industry?

  Published 27 January 2021 | viewed 13,775 times

  A week ago, President Joe Biden did what many in Alberta feared: he revoked the permit for the Keystone XL pipeline—on his first day as…

• Oil Prices Jump On Large Inventory Draw

  Published 27 January 2021 | viewed 23,164 times

  Crude oil prices jumped higher today after the Energy Information Administration reported a crude oil inventory draw of 9.9 million barrels for the week to…