Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Petrobras, the debt-laden state-owned energy major of Brazil, reported a 2-percent increase in domestic oil production for November, to 2.23 million barrels of oil equivalent…
Venezuela exported 742,535 barrels of crude daily to the United States in November, a 23-percent increase on October, but a 10.5-perent decline on November 2015,…
Nigeria is producing around 1.8 million barrels of oil daily, up from an average 1.63 million bpd in the third quarter of the year. The…
Shell has begun commercial production at the Malikai deepwater field off the Malaysian coast, aiming for a peak output of 60,000 bpd. This is Shell’s…
The EIA reported a draw of 2.6 million barrels in U.S. commercial crude oil inventories, a day after the American Petroleum Institute shocked and unsettled…
Russian oil companies will cut their output proportionately to their share in Russia’s total daily production of crude, Energy Minister Alexander Novak told media after…
The news that Rex Tillerson, Exxon’s CEO, is Donald Trump’s official pick for the Secretary of State chair has sparked an outrage among Democratic and…
The U.S. shale patch is forecast to yield 4.542 million barrels of oil a day in January 2017, according to the latest drilling report of…
Refineries in China processed an average 11.14 million barrels daily last month, or a total of 45.77 million tons, which constituted a 3.4-percent annual increase,…
Sinopec, the world’s biggest oil refiner, has agreed to sell 50 percent in its unit Sichuan to East China Gas Pipeline Co. for a total…
OPEC managed to convince almost a dozen non-OPEC producers to take part in oil production cuts over the weekend, and the news immediately sent international…
Norway’s energy industry is facing another five years of subdued investments despite the recent uptick in international benchmark oil prices, according to a report by…
Almost a dozen non-OPEC producers have agreed to reduce their crude oil output in a bid to support OPEC’s efforts to prop up prices. Among…
Exxon’s chief executive Rex Tillerson has emerged as a clear frontrunner in the race for the job of Secretary of State, with a Donald Trump…
Oklahoma and Texas are the best destinations for oil and gas investment, with the two states occupying the number 1 and number 2 spots respectively…
China may not renew the oil product export quotas for independent refineries, the so-called teapots, according to local trading sources who spoke to S&P Platts.…
The Republic of the Congo, which gets 65 percent of its GDP from oil, plans to increase daily production to 300,000 barrels from the current…
Saudi Arabia has informed its clients that their crude oil deliveries in January will be lower, to reflect the country’s compliance with the production cut…
What was once a mere warning to the oil industry has now become a reality: the severe cost cuts undertaken by virtually every oil and…
Chevron has announced its capital expenditure program for 2017, which will see the company spend US$19.8 billion next year, down 42 percent on 2015 and…