Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Natural gas will overtake oil as the second most popular energy source for power generation by 2040, the International Energy Agency said in its latest…
Crude oil production outside the Organization of Petroleum Exporting Countries is set for further—and more intensive—growth this year and next, according to the latest monthly…
Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the…
Several thousand drivers took to the streets and roads of more than 20 cities to protest high prices at the pump, local media report. Also…
BP will spend US$2.8 billion next year on expanding its operations in the Middle East, a company’s chief executive told The National in an exclusive…
Less than two months after Khalid al-Falih’s assurances that Saudi Arabia will produce and export enough oil to keep prices steady, the Kingdom’s Energy Minister…
Colombia’s Cano Limon crude oil pipeline that can transport 210,000 bpd of crude has been bombed again, for the 78th time since the start of…
Bloomberg New Energy Finance has forecast a veritable boom in energy storage installations in the coming years with investments hitting US$1.2 trillion by 2040. Falling…
A Montana district court judge has ordered the suspension of construction work on the Keystone XL pipeline on the grounds that violations were made in…
The oil market could tip into a shortage in the 2020s because “nobody is allowed to fully invest in future oil production,” Goldman Sachs’ head…
Russian VTB, a state-owned bank, funded a significant portion of the Qatar Investment Authority’s acquisition of a stake in oil giant Rosneft, Reuters reports, quoting…
Saudi Arabia is studying the theoretical dissolution of OPEC, the Wall Street Journal reports, citing sources from government think-tank King Abdullah Petroleum Studies and Research…
Chinese refiners have been buying a lot of Canadian crude oil in the last couple of months, taking advantage of the massive discount of Western…
China’s crude oil imports averaged 9.61 million barrels a day last month, customs data cited by Reuters has revealed, with the agency noting the amount…
An Aframax oil tanker traveling under a Maltese flag has collided with a Norwegian frigate in the North Sea, Norwegian media have reported, with the…
Toshiba has decided to liquidate a nuclear power subsidiary in charge of a power plant project in the UK as well as its U.S. LNG…
If anyone needed any further proof that Africa is shaping up as the next major hot spot in oil and gas, this year’s edition of…
Salesforce’s chief executive, Marc Benioff asked in a tweet Elon Musk to dig a tunnel under San Francisco, days after the Tesla CEO, who is…
Pipeline operator Plains All American said it had expanded the capacity of its network in Texas, launching its Sunrise pipeline from the Permian to Cushing,…
After on Tuesday the API accelerated the price slide that began last week with an estimated crude oil inventory build of 7.83 million barrels, the…