Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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…
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…
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…
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…
African and Latin American countries have accumulated at least $152 billion in debt to Chinese banks, backed by oil and other mineral resources, a study…
Oil product demand in Asia will grow by about 380,000 bpd this year, S&P Global Platts Analytics said this week. This is the lowest demand…
Aramco has reportedly started the preparation process for the international leg of its listing, which most expected to be years away. According to unnamed sources…
Khalid al-Falih, Saudi Arabia’s former Energy Minister has been appointed Investment Minister and will be tasked with securing funds for the Vision 2030 economic program…
Crude oil prices inched higher on Wednesday morning after the Energy Information Administration reported an inventory build of 500,000 barrels for the week to February…
Six armed men who boarded an oil tanker off the Venezuelan coast killed the captain and injured a sergeant from the coast guard that was…
International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic,…