Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
The worst for oil is over, but the road to recovery will be long and windy, Bloomberg’s Javier Blas tweeted, citing Morgan Stanley analysts. According to…
The Energy Information Administration reported a crude oil inventory build of 4.6 million barrels for the week to April 24, after a 9-million-barrel build the…
Occidental Petroleum booked a net loss of $2.2 billion for the first quarter of the year, attributing most of it to goodwill impairment charges of $1.4 billion…
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed…
Last Friday, Warren Buffett served a new blow to an already troubled industry, shaking it to the core: The celebrity investor announced that Berkshire Hathaway…
French supermajor Total proved more resilient than some peers in the first quarter, remaining profitable despite a 35-percent decline in net income to $1.8 billion.…
Hydropower plants, solar farms, and wind farms generated more electricity than coal in the United States for a record 40 days in a row, the…
Ryan Sitton, the Texas Railroad Commissioner who first floated the idea of state-mandated oil production cuts, has thrown in the towel after failing to convince…
Tesla has applied for a license to supply electricity in the United Kingdom, The Telegraph reports, citing a document. According to sources the daily cited in…
Saudi Arabian stocks fell on the first day of trading this week after the Finance Minister of the Kingdom warned that the government was preparing…
Iran’s governor for OPEC, Hossein Kazempour Ardebili is in a coma following a severe cerebral hemorrhage, Iranian media are reporting. The official, who used to…
“Cushing, Oklahoma: Pipeline Crossroads of the World.” The emblematic slogan of the Cushing oil hub does not exaggerate. Cushing, a town of several thousand, has…
Wells Fargo has reassembled a team of bankers to handle defaulting oil and gas companies, Reuters reports, citing unnamed sources in the know. The credit…
The International Energy Agency expects carbon dioxide emissions to decline by 8 percent this year due to the devastation the coronavirus wreaked on energy demand.…
Marathon Oil has laid off 200 employees in response to persistently low oil prices and oil demand devastation. "Marathon Oil confirms that it has made…
The United States has been on the opposite side of the OPEC oil cartel for decades in a great battle between the free market and…
The federal government may be about to offer the struggling U.S. oil industry loan financing in exchange for stakes, Bloomberg has reported, citing an unnamed…
Norway said that it would reduce its crude oil production by 250,000 bpd in June, and then maintain a 134,000-bpd lower rate of production for…
The U.S. is working on ways to expand storage space to add several hundred million more barrels to it, Treasury Secretary Steven Mnuchin said at…
Kazakhstan is in talks with the companies operating its two large oil projects to reduce total output by 22 percent in compliance with the latest…