Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
A day after the American Petroleum Institute reported yet another inventory build estimate, at close to 10 million barrels, the Energy Information Administration confirmed a…
After Continental Resources suspended drilling in North Dakota and started shutting in operating wells, now another company has followed: Oasis Petroleum. Reuters quotes unnamed sources that said…
Global oil storage space is running low, production is not falling quickly enough, and yet last week hedge funds bought a record amount of WTI…
Windows that let in light and produce electricity at the same time: a recipe for a perfect life and an idea as fascinating as unattainable.…
BP will seek to slash its breakeven oil price from $56 a barrel in 2019 to $35 a barrel by 2021, chief executive Bernard Looney told Reuters.…
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official. According to the official, since…
Oil is cheap, demand is gone, and nothing will ever be the same. These are the facts in oil today that experts seem to agree…
Amid a worsening gasoline shortage and Chevron and Halliburton's imminent exit from Venezuela, the Nicolas Maduro government is looking to reverse the radical decline in…
China imported 31 percent more oil from Russia last month while its intake of Saudi crude slipped by 1.8 percent compared to March 2019, Reuters reported,…
Halliburton will suspend most of its operations in Venezuela, the company said, after Washington tightened the noose around Caracas by banning U.S. oil companies operating…
Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major victim of the oil market crash so far, after Whiting Petroleum filed earlier…
Mexico’s Pemex declared force majeure on fuel imports, which it receives from the United States, because of tanking demand, Reuters reported, citing two unnamed sources. Bloomberg quoted another…
The Department of Treasury may set up a lending fund for oil companies, Secretary Steven Mnuchin told Bloomberg this week, adding that there was nothing final yet.…
Continental Resources has stopped drilling operations and shut in most of its wells in North Dakota, Reuters reports, citing sources familiar with the situation, who also…
Amid a global transport industry crisis brought about by the coronavirus pandemic, a study from clean energy nonprofit Transport and Environment has added strength to…
Saudi Arabia may have to borrow as much as $58 billion this year to cover a budget shortfall caused by the oil price slump, Bloomberg…
Two publications this week came out with headlines that Warren Buffett predicted the current oil price crash. Both referenced a 2016 interview of Buffet for CNBC…
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…