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