Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Russia has rejected a proposal by OPEC to deepen the oil production cuts agreed last December by another 1.5 million bpd, Reuters reported, adding Moscow…
In this year’s edition of his letter to Berkshire Hathaway shareholders, Warren Buffett had one more success story to share: the story of Berkshire Hathaway…
PetroChina, the largest importer of natural gas, has declared a force majeure on all imports, including of liquefied natural gas, unnamed sources told Reuters, without…
Crude oil demand during this quarter will likely register the largest decline on record, larger even than the slump that accompanied the 2008 financial crisis,…
Crude oil imports by China’s independent refineries, or teapots, fell to the lowest in six months, at 2.76 million bpd last month, down by almost…
Venezuela has moved to seize assets of six shipping companies claiming they have unpaid debt to state oil company PDVSA, Reuters reported, quoting a document…
The oil price slide that prompted several weeks of oil contract selling among hedge funds could be coming to a close, according to the latest…
Morgan Stanley updated its oil demand forecast for this year, saying it expected it to be close to zero in China after the devastating coronavirus…
Crude oil prices remained unchanged after the Energy Information Administration reported a crude oil inventory build of 800,000 barrels for the week to February 28.…
New refining capacity depressed margins for Chinese refiners, with profits down 42 percent on the year in 2019, Reuters reports, citing the China Petroleum and Chemical…
OPEC’s crude oil production fell to the lowest in more than ten years last month as a number of producers cut more deeply than they…
Waymo, the self-driving car developer of Alphabet, has raised $2.25 billion in funding from external investors, led by tech investment firms including Silver Lake, Alphabet…
Russia’s President Vladimir Putin has hinted that Russia may once again join OPEC in its efforts to stimulate oil prices even though Russia itself has…
OPEC could agree further oil production cuts at its meeting in Vienna this week, even if Russia decides not to join them, unnamed sources in…
With West Texas Intermediate falling below $45 a barrel after the latest burst in coronavirus panic, U.S. shale oil and gas producers are feeling growing…
The amount of research being done into better batteries for electric cars is perhaps the clearest indication of how high the stakes are in the…
Total is among the shortlisted bidders for an offshore wind power project that has been estimated to cost some $7 billion, Bloomberg reports, citing unnamed…
Despite the current oil price situation, Alberta is optimistic for the next fiscal year, expecting its budget deficit to narrow as oil prices improve and…
The trading arm of an independent Chinese refiner went into receivership this week, sending ripples of worry across the industry that more pain is yet…
The coronavirus that has killed more than 2,500 people since the outbreak started in December last year has also slashed China’s CO2 emissions by as…