Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
The United States and Saudi Arabia have been discussing the idea of setting up an oil accord, Bloomberg reports, citing Energy Secretary Dan Brouillette. Such…
Here’s a quick question: what happens when a lot of people are producing more and more of a commodity, but fewer people want to buy…
Occidental Petroleum is nearing a deal with activist investor Carl Icahn who launched an offensive against the company’s management after the acquisition of Anadarko, sources…
Venezuela has started shutting down gasoline stations across the country as a shortage of fuels has prompted rationing, Bloomberg reports. According to an unnamed source…
Saudi Arabia could book a budget deficit of as much as $61 billion this year under the double blow of the coronavirus pandemic and the…
The Federal Energy Regulatory Commissions voted overwhelmingly in favor of the Jordan Cove LNG project in Oregon but set one condition: Pembina, the company behind…
“Everything” in the Mexican budget that needs to be covered by oil revenues is covered, the country’s Finance Minister, Arturo Herrera, said as quoted by…
The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could announce it as soon…
It feels like 2014 for the oil industry all over again, except this time, things could get even worse. Most U.S. shale wells have a…
With West Texas Intermediate below $30 a barrel and Saudi Arabia’s plans to keep pumping as much as it can for as long as it can, the…
LNG Canada has laid off 750 people as a preventive measure against the Covid-19 pandemic before it reaches the construction site of the liquefaction facility.…
The growing supply glut in oil markets could end up filling all storage tanks worldwide, potentially causing prices to drop even further Global oil storage…
Alberta’s long-suffering oil industry is “on life support” because of the spread of the Covid-19 pandemic—and things will get worse before they get better, Premier…
The Iraqi Oil Minister, Thamer al-Ghadhban, has asked OPEC’s head, Mohammed Barkindo to call an extraordinary meeting of OPEC+ to “discuss all possible ways” to…
Oilfield services major Halliburton will furlough 3,500 employees for two months amid a drive to cut costs in the U.S. shale industry following the oil…
Crude oil prices fell further today, with WTI prices falling to 18-year lows, after the Energy Information Administration’s latest weekly inventory report that estimated a…
Travel bans, border closures, and recommendations for self-isolation amid the coronavirus pandemic have aggravated fears of a global recession and pushed money managers to intensify…
Plummeting oil prices have been the focus of attention ever since Saudi Arabia and Russia fired the first shots in what analysts see as a…
China’s power consumption in the first two months of the year fell 7.8 percent on 2019 because of the coronavirus outbreak, Reuters reports, citing data…
Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravated…