Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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…
At least one part of the oil industry should be happy about OPEC+’s easing of production cuts beginning this month, and this part is refiners…
On Monday, OPEC’s relaxation of its historic production cuts began—and oil prices responded by falling as the market braced for more oil. Monday morning’s price…
President Donald Trump has fired the chairman of the largest federal planning agency in the U.S.—the Tennessee Valley Authority—saying the federal-owned utility hired foreign workers…
More than thirty billion dollars: this is the size of the collective debt of oil and gas companies that filed for bankruptcy protection in the…
Marathon Petroleum will idle two refineries indefinitely, transforming them into a terminal and a renewable diesel facility, the company said in an update. “On July…
Russian oil companies pumped 16 percent less oil last month than a year earlier, government data reported by Interfax showed. At 39.63 million tons, Russia’s…
China may have saddled itself with as much as $42 billion in unpaid renewable energy subsidies, but it pales in comparison to the enormous amount…