Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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…
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…