Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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…
Australia’s Woodside Petroleum is looking for acquisition opportunities despite plunging into a loss during the first half of the year. “We’re clearly scanning the landscape…
Complete electrification and close to 100 percent renewable energy generation: this is a vision of the United States 15 years from now. According to the…
Crude oil prices got another lift today after the Energy Information Administration reported a crude oil inventory draw of 4.5 million barrels for the week…
The former chief of Mexico’s state oil giant has accused former President Enrique Pena Nieto of taking bribes, Mexico’s Attorney General’s Office said. In a…
A seasonal lull in oil trading has kept price movements largely range-bound recently, but this can still change this week as OPEC and the International…
Occidental Petroleum reported a net loss of $8.4 billion for the second quarter of the year, becoming the latest oil company to suffer the combined…
U.S. oil companies have started pulling their crude oil back from government storage tanks, suggesting that the glut that forced them to stash it there…
Hydrogen, the most abundant element in the universe, has been stealing the spotlight from EVs and renewables lately. From a sort of boutique car fuel…
Oil tanks full to the brink at Libya's oil export terminals are posing a risk to local communities and the facilities themselves, the chairman of…
Saudi Arabia’s oil giant Aramco said it will distribute dividends of $18.75 billion for the second quarter despite taking a severe hit to its earnings…
If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an…
China imported 12.08 million bpd of crude oil last month, according to official customs data, which was lower than the record-breaking import rate in June…
BP will sell oil and gas assets to fund its ambitious low-carbon strategy even if prices improve, three unnamed sources told Reuters. A tenfold increase…
After slashing capex plans for 2020 and idling rigs by the dozen, U.S. shale drillers are still not ready to return to their default state…
The world's largest offshore rig operator Transocean has hired Lazard to advise it on strategic alternatives for its capital structure, Bloomberg has reported, citing a…
The last active drilling rig in Wyoming was idled yesterday, leaving the state with no operating rigs for only the second time in its oil…
BP now says it will reduce its oil and gas production by 40 percent by 2030 as part of its pivot to low-carbon operations. But…
The Mexican government may need to effect changes in the country’s constitution to strengthen its control of state oil giant Pemex, President Andres Manuel Lopez…
A week after it reported the heftiest crude oil draw in more than six months, the Energy Information Administration once again had good news for…