Irina Slav

Latest articles from Irina

• IEA: Plastics Will Replace Fuels As Key Oil Demand Driver

  Published 05 October 2018 | viewed 12,739 times

  Plastics will displace fuels as the main driver for crude oil demand, the International Energy Agency said today, adding that petrochemicals will come to account…

• Goldman Warns Of Oil Market Surplus Next Year

  Published 05 October 2018 | viewed 16,490 times

  The oil market could swing into a surplus in early 2019 as spare capacity is deployed, Goldman Sachs said in a note to clients cited…

• Big Oil Is Back On A Spending Spree

  Published 04 October 2018 | viewed 24,089 times

  Big Oil—and its smaller competitors—attracted a lot of praise for their tight financial discipline during the last three years, after Brent collapsed from more than…

• India Introduces Fuel Relief On Rising Prices At The Pump

  Published 04 October 2018 | viewed 10,190 times

  India’s government has introduced a fuel relief as prices at the pump rise inexorably, following soaring international benchmarks, Indian media report, citing the official statement…

• Saudi Arabia To Splash $20B On Oil Capacity Boost

  Published 04 October 2018 | viewed 14,822 times

  Saudi Arabia will spend US$20 billion on boosting its oil production capacity in the coming years, Energy Minister Khalid al-Falih said, as quoted by Reuters.…

• OPEC Accused Of Hiding Spare Capacity

  Published 04 October 2018 | viewed 20,130 times

  The U.S. State Department has lashed out against OPEC, accusing the cartel of hiding 1.42 million bpd in spare oil production capacity, S&P Global Platts…

• Mexico Could Cut Electricity Prices By 40% With Renewables

  Published 04 October 2018 | viewed 13,590 times

  Mexico could see electricity prices drop by as much as 40 percent by deploying more renewable energy generating capacity. This is the conclusion of a…

• Venezuela’s Oil Exports Are Falling Even Faster Than Expected

  Published 03 October 2018 | viewed 28,591 times

  A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, Reuters quoted anonymous sources close…

• Exxon May Offload Some GOM Assets

  Published 03 October 2018 | viewed 13,349 times

  Exxon is reviewing its portfolio and might decide to sell some of its assets in the Gulf of Mexico, unnamed sources told Reuters. One of…

• Baker Hughes Could Join Petrobras In Production-Sharing Deal

  Published 03 October 2018 | viewed 8,976 times

  Baker Hughes will bid for a production-sharing agreement with Brazil’s Petrobras as the latter seeks to reduce its hefty debt pile by boosting production from…

• Oil Slumps On Major Inventory Build

  Published 03 October 2018 | viewed 41,872 times

  Crude oil prices fell after the Energy Information Administration reported an 8-million-barrel build in U.S. crude oil inventories for the week to September 28. Although…

• Argentina Opens Up “Last Frontier” For Oil with Offshore Block Tender

  Published 03 October 2018 | viewed 12,223 times

  Argentina has announced the launch of an offshore oil and gas block tender in what it says is the last frontier for oil and gas…

• Why The Saudis Can’t Keep A Lid On Oil Prices

  Published 02 October 2018 | viewed 48,086 times

  Saudi Arabia is incapable of offsetting all of Iran’s crude oil supplies, according to the latest oil market message shared by several analysts who spoke…

• LNG Canada Partners Announce Long-Awaited Final Decision

  Published 02 October 2018 | viewed 12,027 times

  The five companies behind the US$31 billion (C$40 billion) LNG Canada project have made a final investment decision on the project, they said in a…

• Saudi Wealth Fund: $200 Billion Solar Project Hasn’t Been Shelved

  Published 02 October 2018 | viewed 8,805 times

  Saudi Arabia’s sovereign wealth fund has rejected a report from the Wall Street Journal that quoted Saudi government sources as saying a US$200-billion solar power…

• Kuwait Stops Exporting Crude To U.S.

  Published 02 October 2018 | viewed 32,616 times

  Kuwait has not sent any crude oil to the United States for at least four weeks, EIA’s weekly petroleum reports for the last four weeks,…

• Fuel Oil Isn’t Going Anywhere

  Published 01 October 2018 | viewed 15,093 times

  Demand for fuel oil is under threat: media are paying growing attention to the upcoming new emissions standards introduced by the International Maritime Organization, to…

• $200 Billion Saudi Solar Megaproject Might Never Happen

  Published 01 October 2018 | viewed 19,031 times

  A $200-billion solar power project that was planned to be the largest solar farm in the world might never happen, government sources from Riyadh told…

• Saudi Arabia To Boost Budget Spending Further Next Year

  Published 01 October 2018 | viewed 9,132 times

  Saudi Arabia plans to boost government spending by 7 percent next year to US$295 billion (1.1 trillion riyals), a preliminary 2019 budget quoted by S&P…

• Saudi Arabia, Kuwait Discuss New Oil Production In Neutral Zone

  Published 01 October 2018 | viewed 16,636 times

  Saudi Arabia’s Crown Prince Mohammed has discussed the restart of crude oil production in the neutral zone between Saudi Arabia and Kuwait during a meeting…