Irina Slav

Latest articles from Irina

• Petrobras Reports 2 Percent Rise In Domestic Output

  Published 15 December 2016 | viewed 4,105 times

  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's Oil Exports To The U.S. Jump 23% In November

  Published 15 December 2016 | viewed 7,674 times

  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 Aims For “Lasting Peace” As Oil Output Hits 1.8 Million Bpd

  Published 15 December 2016 | viewed 10,618 times

  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 Launches Production At New Malaysian Field

  Published 14 December 2016 | viewed 7,580 times

  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…

• Oil Spikes After EIA Reports Surprise Draw To Crude Inventories

  Published 14 December 2016 | viewed 19,612 times

  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…

• Rosneft, Lukoil To Shoulder Biggest Portion Of Russia’s Production Cut

  Published 14 December 2016 | viewed 6,785 times

  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…

• Rex Tillerson: ‘’Russian Spy’’ Or Diplomatic Genius?

  Published 13 December 2016 | viewed 18,500 times

  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…

• U.S. Shale Finally Sees Production Rise

  Published 13 December 2016 | viewed 17,414 times

  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…

• Chinese Refiners Process Record Amount Of Crude In November

  Published 13 December 2016 | viewed 5,250 times

  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 Sells Half Of Major Gas Pipeline

  Published 13 December 2016 | viewed 4,359 times

   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…

• Can OPEC Send Oil To $70?

  Published 12 December 2016 | viewed 51,050 times

  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 Is Looking At More Tough Years For Oil

  Published 12 December 2016 | viewed 8,920 times

  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…

• The Bulls Are Back: Oil Spikes As Non-OPEC Pledges 558,000 Bpd Cut

  Published 12 December 2016 | viewed 17,201 times

  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 Tillerson Frontrunner In Race For State Department

  Published 12 December 2016 | viewed 4,366 times

  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…

• U.S. Shale Patch Dominates Top 10 Oil Investment Ranking

  Published 11 December 2016 | viewed 9,512 times

  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 Clip Teapot Refiners’ Wings

  Published 09 December 2016 | viewed 7,579 times

  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.…

• Congo Eyes Oil Output of 300,000 Bpd in 2018

  Published 09 December 2016 | viewed 12,196 times

  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 Cuts Oil Deliveries To U.S.

  Published 09 December 2016 | viewed 47,525 times

  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…

• Did Big Oil Layoff Too Many Workers Too Quickly?

  Published 08 December 2016 | viewed 62,285 times

  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 Plans Further Capex Cuts for 2017

  Published 08 December 2016 | viewed 18,326 times

  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…