Irina Slav

Latest articles from Irina

• Major Build In Crude Inventories Sends Prices Tumbling

  Published 24 January 2019 | viewed 32,352 times

  U.S. crude oil inventories went up by 8 million barrels in the week to January 18, the Energy Information Administration said in its latest weekly…

• Citgo Suspends Oil Refinery Unit In Texas

  Published 24 January 2019 | viewed 24,329 times

  Venezuelan PDVSA’s crown jewel, U.S.-based refiner Citgo, has idled a gasoline production unit at a small refinery in Corpus Christi, Texas, Reuters reports, citing sources…

• BP Remains Bullish On Oil Demand Growth

  Published 23 January 2019 | viewed 11,672 times

  Crude oil demand this year will grow by 1.4 million bpd, BP has estimated, despite growing worry about where the global economy is headed, which…

• Iran Announces Oil Discovery In Untapped Region

  Published 23 January 2019 | viewed 12,111 times

  Iran has struck oil in a hitherto untapped region, Oil Minister Bijan Zanganeh told local media as quoted by Reuters. “This is the first time…

• Chinese LNG Imports Break Another Record In December

  Published 23 January 2019 | viewed 8,165 times

  China imported a record-high amount of liquefied natural gas last December, at 6.29 million tons or 25 percent more than in the previous month, Reuters…

• Aramco Ready To Pour Billions In U.S. Natural Gas

  Published 23 January 2019 | viewed 15,447 times

  Aramco is looking to invest in U.S. natural gas and is prepared to spend “billions” on acquisitions in the segment, the company’s chief executive Amin…

• Venezuela’s PDVSA Announces 5% Decline In Debt

  Published 23 January 2019 | viewed 5,732 times

  Venezuela’s state-owned oil company, PDVSA, said its debt fell by 5 percent last year to US$34.6 billion, Reuters report, citing a statement in a Venezuelan…

• New Tech Converts CO2 Into Electricity And Hydrogen

  Published 22 January 2019 | viewed 30,361 times

  Amid increasingly urgent calls for more radical climate change action, a team of South Korean scientists has found a way to kill two birds with…

• Oil Investment In Middle East Falls In 2018 But Outlook Remains Strong

  Published 22 January 2019 | viewed 6,655 times

  New investments in oil and gas production and refining in the Middle East and Africa region fell by 32 percent last year to US$41 billion,…

• India’s Crude Demand Growth Shows No Sign Of Slowing

  Published 22 January 2019 | viewed 15,195 times

  India’s crude oil demand this year will continue to rise at the same rate it rose by in 2018, which made it the second-biggest driver…

• NEB Greenlights Preliminary Work On Keystone XL

  Published 22 January 2019 | viewed 14,445 times

  The National Energy Board of Canada has approved preliminary, land-clearing work for TransCanada’s Keystone XL oil pipeline, CBC reports, noting that the approval came following…

• Why OPEC+ Output Cuts Take So Long To Materialize

  Published 21 January 2019 | viewed 12,698 times

  The oil production cuts that OPEC and its partners led by Russia agreed at the end of last year are proving slower to materialize than…

• Iran Says Japan Restarts Oil Imports

  Published 21 January 2019 | viewed 10,075 times

  Japan has resumed purchases of Iranian crude oil, the governor of the central bank of Iran told state news agency IRNA, Reuters reports. “After China,…

• China Refiners Break Processing Record In 2018

  Published 21 January 2019 | viewed 9,593 times

  Chinese crude oil refineries processed an average 12.07 million barrels of oil daily in 2018, up by 6.8 percent on the year and the highest…

• Is Kuwait’s $500 Billion Oil Plan Overoptimistic?

  Published 21 January 2019 | viewed 13,701 times

  Kuwait’s oil minister is skeptical about the need—and the ability—of the state oil company to spend close to US$500 billion on an expansion program that…

• Mexico Gasoline Pipeline Blast Kills More Than 80

  Published 21 January 2019 | viewed 9,495 times

  A gasoline pipeline in central Mexico that exploded on Friday has killed more than 80 people to date, media report. The initial death toll was…

• Papua New Guinea Clans Unite Against Exxon

  Published 19 January 2019 | viewed 13,582 times

  Papuan landowners and communities in the vicinity of Exxon’s Papua New Guinea LNG project are growing increasingly disgruntled about how the company and the national…

• Sinopec Ready To Pour $3 Billion In Iran Oil

  Published 18 January 2019 | viewed 20,212 times

  China’s largest crude oil refiner, Sinopec, has offered US$3 billion to Iran’s state oil company, NIOC, to jointly expand the development of a major field…

• CNOOC Eyes Doubling Of Reserves By 2025

  Published 18 January 2019 | viewed 9,023 times

  China’s CNOOC will seek to boost its crude oil reserve base and increase the number of new exploration projects it is involved in twofold over…

• U.S. Refiners Rush To Buy Heavy Oil As Trump Looks To Punish Maduro

  Published 18 January 2019 | viewed 28,825 times

  Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the Trump administration prepares to slam more punitive measures on…