Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Mexico’s state oil company Pemex is preparing to launch its 2021 oil hedge that will protect its revenues, Reuters reports, citing an unnamed company source,…
Venezuela has restarted direct shipments of crude oil to China despite U.S. sanctions, Reuters has reported, citing shipping data and documents from PDVSA. Until now,…
In late April this year, Wet Texas Intermediate nosedived below zero, sending the market into a frenzy. The frenzy ended a day later when WTI…
JP Morgan. Citi. Morgan Stanley. Goldman Sachs. All of these banks have announced they will no longer finance oil and gas drilling projects in the…
The United Nations Security Council should “stop the threat” of more Houthi attacks on Saudi energy infrastructure, the Saudi ambassador to the UN said in…
Crude oil prices continued to climb today after the Energy Information Administration reported a crude oil inventory draw of 800,000 barrels for the week to…
Brent crude could hit $60 a barrel by next summer as travel restrictions get eased, Bank of America said, citing growing optimism around Covid-19 vaccines.…
Oil is on the rise after a third company developing a vaccine for Covid-19 announced positive efficacy results this week. They may well continue to…
Iraq is working on its first-ever deal to sell oil and get the payment in advance as the country struggles to shore up its finances.…
The American Petroleum Institute will use "every tool at its disposal" to fight president-elect Joe Biden if he goes ahead with plans to restrict oil…
Tanker owners had a blast in the spring: nations around the world went into lockdown, oil demand slumped, and hundreds of millions of barrels of…
Abu Dhabi has increased its total oil reserves by 2 billion barrels to 107 billion barrels thanks to new discoveries, the emirate’s Supreme Petroleum Council…
China is about to become the country that possesses the most refining capacity in the world due to closures of refineries in the current number-one…
Carbon pricing sounds like the simplest solution to the world's emissions problem: if you want to emit, you have to pay for it. Europe has…
The growth in electric vehicle adoption, especially in emerging markets, could threaten long-term oil demand growth, Carbon Tracker has reported, citing these markets’ dependency on…
Russia and Saudi Arabia are vying for the top spot among crude oil suppliers to China, with Russia currently in the lead, but Saudi Arabia…
French Total plans to increase its investments in Libya’s oil industry, the National Oil Corporation said, adding it had discussed with the company raising Libya’s…
Australian Oil Search plans to make the final investment decision on the Pikka project in Alaska next year and launch production in 2025, chief executive…
Russia is planning a major foray into LNG that needs to be completed by 2030, while LNG projects are still profitable. This is not a…
Oil prices fell slightly on Wednesday morning after the Energy Information Administration reported a moderate 800,000-barrel increase in crude oil inventories for the week to…