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Oil Prices Gain 2% on Tightening Supply

Irina Slav

Oilprice.com

Contributor since: 17 Jan 2016

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

Latest articles from Irina

  • Why WTI Could Crash In The Coming Weeks

    Published 17 September 2018 | viewed 55,846 times

    West Texas Intermediate could drop to US$65 a barrel later this year on the back of extra maintenance work at U.S. refineries, Tom Kloza from…

  • Iraq’s Oil Production Problem

    Published 17 September 2018 | viewed 24,030 times

    Iraq’s oil production will only grow marginally over the next 10 years despite its potential capacity, which stands at as much as 7 million bpd,…

  • Russia And Saudi Arabia Confirm Long-Term Oil Partnership

    Published 17 September 2018 | viewed 10,246 times

    Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its…

  • Iran Accuses Russia And Saudi Arabia Of Stealing Market Share

    Published 17 September 2018 | viewed 12,995 times

    Russia and Saudi Arabia are eating into Iran’s oil market share, Tehran’s OPEC governor, Hossein Kazempour Ardebili, said in an interview with state oil agency…

  • Tesla To Repair Its Own Cars After Accidents

    Published 17 September 2018 | viewed 5,443 times

    “Tesla is bringing most collision repairs in-house, as outside firms take weeks to months for repairs, driving Tesla owners (and us) crazy,” CEO Elon Musk…

  • Diesel Demand Is Set To Soar

    Published 16 September 2018 | viewed 51,122 times

    The International Maritime Organization’s new rules on fuel emissions that will come into effect in 2020 will help to lift diesel demand, according to industry…

  • China Refinery Throughput Drops To 9-Month Low

    Published 14 September 2018 | viewed 7,828 times

    Chinese refineries processed 50.31 million tons of crude oil in August, the lowest since December 2017, calculations by Reuters based on data from the National…

  • Canada’s Environment Minister: No Apologies For Oil Industry Support

    Published 14 September 2018 | viewed 9,028 times

    Canada’s environment minister has to work for all Canadians, seeking both to pursue the government’s environmental agenda and to help expand its oil industry, Environment…

  • India Cuts Iranian Oil Imports As U.S. Sanctions Loom

    Published 14 September 2018 | viewed 21,599 times

    Indian refiners are reducing their intake of Iranian crude oil in preparation for the return of U.S. sanctions on Tehran. The reduction is being seen…

  • U.S. Department Of Energy Authorizes Freeport LNG Exports

    Published 14 September 2018 | viewed 11,221 times

    Last week, the U.S. Department of Energy authorized Freeport LNG to export up to 2.14 billion cubic feet of LNG from the same-name facility in…

  • There’s Still A Future For Nuclear Power

    Published 13 September 2018 | viewed 25,093 times

    The world is consuming ever-growing amounts of energy, and consumption is set for a particularly intensive growth in electricity. Put simply, people are going to…

  • EPA Waives Pollution Rules Ahead Of Florence Landfall

    Published 13 September 2018 | viewed 5,045 times

    The Environmental Protection Agency has temporarily waived air pollution rules in Georgia and Virginia as Hurricane Florence approaches the coast and locals’ preparations for the…

  • EU Court Rejects Russian Challenge To Sanctions Over Ukraine Energy Crisis

    Published 13 September 2018 | viewed 7,290 times

    The General Court of the European Union upheld sanctions imposed on several Russian oil companies and banks after the annexation of Crimea in 2014 and…

  • U.S. Becomes Top Oil Producer Globally

    Published 13 September 2018 | viewed 37,853 times

    The United States this year became the largest crude oil producer, surpassing Russia and Saudi Arabia, according to preliminary estimates from the Energy Information Administration.…

  • NOC: Libya's Oil Production Not Affected By Attack On Headquarters

    Published 13 September 2018 | viewed 5,635 times

    There has been no change in crude oil production in Libya following an Islamic State attack on the headquarters of the National Oil Corporation this…

  • Venezuela Is Doing Something It Hasn’t Done Since The 90s

    Published 12 September 2018 | viewed 33,487 times

    Caracas is preparing the return of oil contracts with private companies that were last used in the 1990s before the Chavez era that made PDVSA…

  • Trafigura Loses Oil-Trading Contract In Angola To Total

    Published 12 September 2018 | viewed 13,470 times

    Commodity giant Trafigura lost a fuel oil-trading contract with the Angolan government after the country’s new president awarded it to French Total, Reuters reports, noting…

  • Oil Market Remains “Fragile”: Novak

    Published 12 September 2018 | viewed 5,739 times

    Declining oil production in some large producers is keeping the global oil market “fragile”, Russia’s Energy Minister Alexander Novak said during an industry event this…

  • Oil Prices Rally On Significant Crude Draw

    Published 12 September 2018 | viewed 40,494 times

    A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September…

  • Militants Fire Rockets At Tripoli Airport

    Published 12 September 2018 | viewed 13,265 times

    Rockets have been fired at the only functioning airport in the Libyan capital of Tripoli, Reuters reports, citing information from local residents and a statement…

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