Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Back in 2017, Tesla switched on the world’s biggest battery storage facility. Located in South Australia, the 159 MWh battery array can supply 30,000 homes with electricity…
Crude oil prices moved lower today, after the U.S. Energy Information Administration reported a sizeable inventory build of 8.7 million barrels for the week to…
The U.S. federal government has given the go-ahead to the sixth offshore wind power project in the country this week. The Empire Wind project is…
November in Europe is normally the start of heating season proper. Even with a prolonged summer and a soft start to the fall, by late…
JP Morgan has forecast an average price for Brent crude of $83 per barrel next year amid a stable market. The forecast is based on…
The downstream industry has been drawing increasing attention lately, with forecasters essentially warning refiners to brace up for dropping fuel demand and a new focus…
Crude oil prices began the week with gains amid mounting expectations that OPEC+ will deepen voluntary production cuts. Both Brent crude and West Texas Intermediate…
Earlier this week, the Financial Times reported Denmark was considering the start of inspections and potential blocks of Russian oil tankers carrying crude across its…
Crude oil prices are headed for their fourth consecutive losing week after slumping by some 5% on Thursday to the lowest in four months. The…
Wind power stocks are tanking. So are solar power stocks. Germany’s government just agreed to underwrite a 15-billion-euro bailout for Siemens Energy after its wind power subsidiary booked…
The global refining industry will face a challenging 2024 as more new capacity comes on stream, according to a Vitol executive, who also said that…
The UK government will boost its offer for electricity produced from wind farms by 66% at its next renewable energy auction. The move comes as…
The United States will tighten sanctions on Iran’s oil industry amid the Israel-Hamas conflict aiming to bring exports down by more than 1 million bpd,…
Crude prices saw a small jump this morning after the Energy Information Administration reported an estimated inventory increase of 3.6 million barrels for the week to…
U.S. manufacturing activity has been stumbling for most of this year, and with it, the outlook for fuel demand with a focus on diesel. Now,…
Oil production in the Permian has grown over the past four months and will continue growing until the end of the year. This is according…
Last year, when the European Union found itself in a position to urgently find a replacement for pipeline Russian gas, U.S. LNG producers were hailed…
Production of natural gas at the Tamar offshore field in Israel has resumed, local media is reporting, a month after it was suspended in the…
Crude oil prices began the new week with a loss earlier today, with a renewed focus on demand in China and the United States weighing…
As much as two-thirds of the United States could experience blackouts in peak winter weather this and next year, the North American Reliability Corp has warned.…