Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Offshore drilling major Valaris became the latest victim of the crisis this week as it filed for bankruptcy in the U.S., proposing a swap of…
One and a half million electric cars on the roads of the U.S. West and Midwest by 2030: this is the vision of regional power…
China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month, Bloomberg reports, citing…
Whenever the commodity cycle reaches a trough, all eyes turn to China. Asia’s biggest powerhouse has through years of explosive growth become the top—or one…
Even though the West African country has typically produced more oil than allowed under the OPEC+ production cut agreement, Nigeria has plans to boost production…
Kuwait is running out of money for the salaries of public servants and will have no money to cover these after November, the country’s finance…
The Libyan National Army led by General Khalifa Haftar will reopen Libya’s oil ports for a short while to empty tanks with crude oil and…
A crude oil inventory draw of 1.6 million barrels sent oil prices higher today, with the Energy Information Administration also reporting a fall in gasoline…
Libyan ports could reopen to release the fuel needed to end power shortages ports of the country, The National reports, citing the commander of a…
Oil trading has been on the decline these past couple of weeks as conflicting data pulls prices in different directions. But, according to some, a…
Mexico’s President Andres Manuel Lopez Obrador wants to cancel an energy deal with a consortium backed by Brazilian conglomerate Odebrecht, Reuters has reported, citing a…
Brazil’s state oil major Petrobras has launched a new phase in the development of the first deepwater oil project since the start of the crisis,…
Every crisis has its consolidation. At least, that used to be the case before the 2020 oil industry crisis. When earlier this summer Chevron said…
A Japanese tanker that ran aground in Mauritius in late July has split apart, pouring the rest of the fuel it carried into the ocean.…
Bank of America expects oil prices to recover to $60 a barrel for Brent crude in the first half of next year thanks to shrinking…
The International Energy Agency this week revised down its gasoline and jet fuel demand forecast for the rest of the year. In seemingly unrelated news,…
Despite tightening U.S. sanctions, Venezuela’s PDVSA has managed to ramp up its oil exports this month, with the daily average hitting 325,000 barrels, which was…
The United States administration has seized the fuel cargo of several vessels alleging the fuel came from Iran and was going to Venezuela, the Wall…
For beer lovers, it may sound like a tragic waste. For those who abhor waste, it is a tale of the circular economy that could…
The International Energy Agency expects crude oil demand this year to be 8.1 million bpd lower than it was in 2019, a downward demand forecast…