Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Barclays raised its oil price forecast for crude oil by $4 a barrel but noted that the price improvements will be slow. Reuters reports the…
When a week ago, Rystad Energy reported that the oil and gas industry was divesting more than 12 billion barrels of oil equivalent in assets,…
Plants and their ingenious way of turning light and air into fuel have been an inspiration for many scientists. Now, photosynthesis has made the basis…
Commodity trading giant Trafigura reported a 27-percent increase in its net profit for the first half of its financial year, to March 31, citing strong…
Mexico’s oil major Pemex has begun suspending oilfield service contracts, effectively eliminating several thousand jobs, unnamed sources from the industry told Bloomberg. The move, which…
Shell is looking for buyers for the energy to be produced at solar farm in Brazil, Reuters reports, citing the Anglo-Dutch major’s solar business development…
Crude oil prices accelerated their fall today after the Energy Information Administration reported a rise in U.S. crude oil inventories of 5.7 million barrels for the…
Chinese oil trading companies are mulling over a halt in chartering tankers that have called at Venezuelan ports over the past year as Washington steps…
Things have been happening increasingly fast in the oil industry, especially with prices. With so much volatility around, price movements are quick and often surprising.…
Saudi Arabia exported crude oil worth some $40 billion during the first quarter of the year, down by 21.9 percent, or $11 billion, on the…
Occidental Petroleum may be considering a sale of oil and gas assets in Oman to reduce its debt burden, unnamed source familiar with the matter…
Armed individuals entered Libya’s largest oil field, El Sharara, just a day after reports said the field had restarted production after months of idling amid…
It may come as a shock to some, but crude oil wasn’t the worst-performing energy commodity in May. Judging by the headline space devoted to…
China’s crude oil imports in May jumped to the highest in history ever, at 11.34 million bpd, customs data showed, confirming an earlier report by…
Saudi Arabia sharply raised its official selling prices for crude oil, removing almost completely the deep discounts it had in place to preserve its market…
OPEC+ agreed on Saturday to extend 9.7-million-bpd cuts in daily crude oil production through the end of July, lending oil prices some support, but far…
Oil company X had problems this spring. It was time for field maintenance, but company X couldn't go ahead with it because it needed spare…
Carbon dioxide emissions resulting from gas flaring in the Permian are set to fall by one-half during the second half of this year, Rystad Energy…
Crude oil demand this year will fall to around 90.6 million bpd this year, OPEC’s secretary-general Mohammed Barkindo said ahead of the next OPEC+ meeting,…
OPEC+ is reportedly close to agreeing on an extension of the deep production cuts it signed up for in April, after the cartel’s leaders managed…