Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today,…
As Brent climbs closer to US$80, Asia’s oil expenses could reach US$1 trillion, Reuters reports, citing robust demand and a stronger greenback. This would likely…
Iran is expecting to see a decline in its crude oil exports to South Korea as a result of U.S. sanctions on tanker transport, the…
British Columbia is planning to take Alberta to court over legislation that will give Alberta the powers to turn the oil taps to B.C. off,…
Australia is on track to become the world’s largest LNG exporter by next year. Home to several giant offshore projects such as the Gorgon, Wheatstone,…
China’s crude oil inventories rose by 65.3 percent between March and April, or by 37.84 million barrels, on the back of lower refinery throughput rates…
ConocoPhillips has embargoed two cargoes of crude oil and fuel at a storage terminal in Aruba operated by Venezuelan PDVSA’s U.S. subsidiary Citgo, Reuters reports…
A day after the American Petroleum Institute’s crude oil inventory report put a restraint on oil prices, the Energy Information Administration pushed prices up again…
A US$31.1-billion (C$40-billion) LNG project in British Columbia could begin construction by the end of the year as rising oil prices have improved the investment…
The United States began exporting LNG just two years ago, and last year it was already a net exporter of the fuel, despite a global…
Ten tankers carrying various oil products are sitting anchored across the Caribbean awaiting payment for the delivery from Venezuela’s PDVSA, unnamed sources told S&P Platts.…
Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information…
Brent crude hit a new high of over US$79 a barrel on data about higher demand in key markets such as China and OPEC’s bullish…
Tesla is undergoing a major reorganization that includes streamlining activities and functions to improve its performance, the company confirmed after the Wall Street Journal reported…
One country must be quite pleased with the prospect of new U.S. economic sanctions against Iran’s oil industry, and this country is the largest oil…
A former ally of Nigeria’s President Muhammadu Buhari has pledged to privatize parts of the country’s national oil company if he wins the presidential vote…
ConocoPhillips has seized the oil product inventory of Venezuela’s state oil company PDVSA following the issuance of two court orders granting it this right as…
India will be counting on the financial support of Saudi Aramco and Emirati Adnoc for its planned US$44-billion Ratnarigi refinery and petrochemicals project, the country’s…
The UAE’s state-owned oil company Adnoc plans to make a major push into downstream operations, eyeing a twofold boost to its refining capacity until 2025,…
The United Kingdom is very diligent in its efforts to become a greener country. This year, local media were proud to report that electricity produced…