Irina Slav

Latest articles from Irina

• Leaner and Meaner After The Crash, Oil Sands Industry Expands

  Published 26 January 2017 | viewed 9,369 times

  This time last year, businesses operating in the oil sands of Alberta seemed pretty much done for. Canadian crude sold for less than US$20, and…

• Saudi Arabia Says It Will Not Cut Exports To Key Market Japan

  Published 26 January 2017 | viewed 9,844 times

  Saudi Arabia will not reduce its crude oil exports to Japan despite the OPEC production cut agreement, a deputy minister at the oil ministry told…

• Iraq Expands Oil Export Terminal

  Published 26 January 2017 | viewed 7,548 times

  Iraq’s South Oil Company announced it had started work on the expansion of its Khor al-Amaya oil export terminal, aiming for a daily capacity of…

• Petrobras Creditors Put Up $5.6B Worth Of Bonds In Buyback Offer

  Published 26 January 2017 | viewed 5,139 times

  Bondholders of Petrobras have tendered US$5.58 billion worth of bonds under a US$6-billion buyback program announced by Brazil’s state-run oil company. Of the total tendered,…

• Permian To Be Only Shale Play That Sees Output Increase This Year

  Published 25 January 2017 | viewed 10,392 times

  The Permian shale formation has been drawing a lot of attention recently, and it’s more likely than not to continue drawing even more in the…

• Oil Prices Slip On Bearish Inventory Data

  Published 25 January 2017 | viewed 11,004 times

  The Energy Information Administration reported a 2.8-million-barrel build in U.S. commercial oil inventories, a day after the American Petroleum Institute estimated the inventories had expanded…

• Aramco Pulls Out Of Joint Venture Talks With Petronas

  Published 25 January 2017 | viewed 12,689 times

  Saudi Aramco has pulled out of a planned joint venture with Malaysia’s state-owned oil company Petronas, concerning the construction and operation of a major refining…

• Oil Helps Japan Book Trade Surplus In 2016

  Published 25 January 2017 | viewed 4,524 times

  Japan reported a trade surplus of US$35.8 billion (4.1 trillion yen) for 2016, thanks to much cheaper oil. This is the first trade surplus for…

• Cash Strapped Iranian Oil Industry Braces For Trump Impact

  Published 24 January 2017 | viewed 14,032 times

  Iran has been raising eyebrows with its unwavering determination to put its energy industry back on its feet since most Western sanctions against Tehran were…

• Aramco On The Hunt For IPO Advisers

  Published 24 January 2017 | viewed 10,138 times

  Saudi Aramco has sent requests for proposals to several investment banks that could become advisers in its initial public offering, scheduled for 2018, sources close…

• North Sea Oil Producers Cash In On Asian Demand, OPEC Deal

  Published 24 January 2017 | viewed 10,037 times

  Crude oil from the North Sea is flowing to Asia at record rates, set to reach 12 million barrels this month, Bloomberg reports, citing shipping…

• EPA Landing Team Lineup Signals Pro-Oil Shift

  Published 24 January 2017 | viewed 5,725 times

  A ten-member landing team for the Environmental Protection Agency, presented by the Trump administration, has demonstrated what the direction of the administration’s policies in the…

• Oil Sands Are An Easy Target But They Are Going Nowhere

  Published 23 January 2017 | viewed 11,614 times

  Canada’s PM Justin Trudeau sparked outrage earlier this month by saying the Alberta oil sands need to be “phased out”. Because the oil sands industry…

• Why Russia Beat Saudi Arabia As China’s No.1 Oil Supplier

  Published 23 January 2017 | viewed 23,863 times

  Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called…

• OPEC + Russia Agree On ‘’Monitoring Mechanism’’

  Published 23 January 2017 | viewed 18,756 times

  At a meeting in Vienna yesterday, Saudi Arabia, Russia, Venezuela, Algeria, Oman, Qatar, and Kuwait agreed on a mechanism to monitor the rate of compliance…

• Oil Prices Could Reach $60 This Year: Novak

  Published 23 January 2017 | viewed 15,590 times

  Crude oil prices will trade in the range between US$50 and US$60 a barrel this year, Russia’s Oil Minister Alexander Novak said on Sunday. The…

• Oil Price Rally Sees Large Jump In M&A Activity

  Published 22 January 2017 | viewed 9,977 times

  A year ago, oil producers in the shale patch were the object of a kind of sympathy – barely alive, many of them on the…

• Gazprom Neft Expands Arctic Oil Field Output

  Published 20 January 2017 | viewed 9,075 times

  Gazprom Neft said today it had launched production from two new wells at its Arctic oil field Prirazlomnoye, bringing the total to six. Prirazlomnoye is…

• China To Pour $3 Billion in Iran’s Refining Capacity

  Published 19 January 2017 | viewed 10,350 times

  China will invest US$3 billion in the upgrade of Iran’s oil refining facilities, Iranian media reported, with the bulk of the investment going into the…

• Gazprom Reports Profit Rise For First Three Quarters Of 2016

  Published 19 January 2017 | viewed 4,673 times

  Gazprom reported a net profit of US$12.36 billion (737.4 billion rubles) for the first nine months of 2016, an improvement on its nine-month 2015 result,…