Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
The federal government will keep royalty rates for offshore oil production despite a push from the industry to lower the payments burden amid the covid-19…
Saudi Arabia may be forced to reroute tankers carrying some 40 million barrels of crude oil to the United States if President Trump goes through…
China is buying cheap oil to fill its strategic oil reserves--a move that could save the oil industry. But can it really save the entire…
Tankers carrying some 20 million barrels of crude oil are idling off the coast of California as onshore storage space runs out and the level…
The Energy Information Administration delivered yet another blow to an already struggling industry by reporting a crude oil inventory build of 15 million barrels for…
President Donald Trump has ordered Chevron to start "winding down" its oil production in Venezuela in the latest increase in pressure against the Maduro government…
The recovery in U.S. oil prices is still weeks away, Goldman Sachs' head of commodities Jeffrey Currie told CNBC's Power Lunch. The reason for the note of…
Congresswoman Alexandria Ocasio-Cortez rejoiced at the news that U.S crude oil prices had dropped into negative territory earlier this week, tweeting “You absolutely love to…
After U.S. crude oil fell into negative territory yesterday, one expert has warned that the oil industry crisis could force many companies to stop operating.…
Hydrogen is the renewable fuel that could eliminate the biggest source of demand for fossil fuels—the transportation industry. It is the star in a script…
Kurdistan is committed to the OPEC+ oil production cut deal and will reduce output accordingly, the government of the semi-autonomous Iraqi region said in a statement following…
Nigerian authorities in the Rivers state have freed 22 Exxon employees who were arrested last week and quarantined for breaching a coronavirus containment order that…
Canadian oil companies have begun shutting down steam-driven oil sands production projects as prices continue to fall, Reuters reports, noting the move could have dire long-term…
It's the basic successful investment rule: buy when everyone is selling and sell when everyone is buying. The rule has been proved right by many…
Mexico’s Pemex is looking for joint venture opportunities, the country’s energy regulator said. That’s despite the president’s decision to suspend all new bidding rounds and…
Shell has announced the final investment decision on the $6.4-billion Surat Gas Project in Queensland, Australia, the company said in a press release. The project will produce…
Russia and Saudi Arabia may be ready to enact deeper oil production cuts to stabilize prices, the energy ministers of the two countries said in…
By now, it should be clear to everyone: the fallout of the coronavirus pandemic is killing both the energy and transportation industries, and now the…
The renewable energy industry has not been spared by the significant job bleed that the coronavirus pandemic caused in the world’s biggest economy. Last month…
Petrobras has started shutting down production at 62 offshore platforms in the shallow waters off its coast, Reuters reported, adding that the cuts will amount to…