Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Crude oil prices slipped further down today after the Energy Information Administration reported crude oil inventories for the week to November 23 had added 3.6…
Three countries currently account for close to 40 percent of global crude oil production and only one of these countries is a member of the…
Aramco has plans to increase its natural gas production by 64 percent from the current 14 Bcf daily to 23 Bcf, the company’s chief executive…
Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters…
OPEC will probably agree to cut production to the tune of between 1 and 1.5 million bpd, analyst Johannes Benigni from Austrian JBC Energy Group…
Tesla’s sales in China nosedived by 70 percent last month in the latest demonstration of the adverse impact the U.S.-Chinese trade war is having on…
Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions, Libyan media report, adding the company had first evacuated its…
Saudi Aramco will spend US$500 billion over the next ten years to expand internationally, with a fifth of the total amount earmarked for petrochemical projects…
On the day U.S. sanctions against Iran went into effect, Brent crude traded at US$72.68 a barrel. Today, three weeks later, Brent is down to…
Rosneft’s chief executive, Igor Sechin, last week flew to Caracas to have words with President Maduro regarding delays in the shipments of Venezuelan crude that…
Venezuela’s state-owned oil company PDVSA has settled an arbitration case brought against it by Canadian miner Crystallex and has paid the company US$1.4 billion to…
The Southern Gas Corridor on which the European Union is pinning most of its hopes for natural gas supply diversification away from Russia is coming…
Alberta’s oil producers are facing an extraordinary challenge caused by pipeline bottlenecks combined with growing production, Scotiabank Economics said in a report released this week.…
Tesla will reduce the prices for its Model S and Model X cars for the Chinese market by 12 to 26 percent, the company told…
JP Morgan has revising its outlook on Brent crude to US$73 per barrel on average, CNBC reports. The bank’s earlier forecast was for an average…
When last week news broke that Libya’s UN-recognized government and the eastern rival government might just be willing to settle their differences and hold elections…
India imported 21.02 million tons of crude last month, the highest number in at least seven years and a 10.5-percent increase from October 2017, data…
A day after the American Petroleum Institute’s weekly inventory estimate slowed down the price decline in West Texas Intermediate, the Energy Information Administration dampened optimism…
Saudi Arabia sealed deals with Chinese oil importers that will see the Kingdom’s exports to China rise to 1.67 million barrels daily in 2019, Reuters…
Goldman Sachs expects the heightened oil price volatility that began last week to continue into the next few weeks, the investment bank said in a…