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Breaking News:

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

  • Oil Prices Slip Despite Modest Draw In Crude Inventories

    Published 02 August 2017 | viewed 13,328 times

    After a week-long rally that eventually saw Brent and WTI both jump the US$50 barrier for the first time in a month, this week produced…

  • Did Google Just Tackle The Biggest Problem In Energy?

    Published 01 August 2017 | viewed 32,563 times

    Any news about energy storage advancement is bound to make a splash. After all, storage is the main stumbling block for renewable energy—data from Bloomberg…

  • Oil Prices Slip As OPEC Oil Exports Creep Higher

    Published 01 August 2017 | viewed 29,210 times

    OPEC’s crude oil exports reached 26.68 million bpd last month, energy data provider Kpler said, on the back of higher shipments from Libya, Nigeria, and…

  • Is The Mafia Helping ISIS Smuggle Oil Into Italy?

    Published 01 August 2017 | viewed 18,158 times

    The Italian mafia may have teamed up with the Islamic State to smuggle crude oil from the Middle East into Italy, an ongoing police investigation…

  • BP Q2 Profit Slumps As Write-downs Weigh

    Published 01 August 2017 | viewed 3,693 times

    BP reported underlying profit on a replacement cost basis of US$684 million for the second quarter of the year, down from US$1.5 billion for the…

  • Shale Drillers Aren’t As Safe As You May Think

    Published 31 July 2017 | viewed 12,734 times

    It’s been the main headwind for OPEC’s oil output cut deal. Rising shale oil production in the U.S. has been making headlines for almost a…

  • Washington Could Suspend Oil Exports To Venezuela

    Published 31 July 2017 | viewed 12,378 times

    The U.S. government is discussing sanctions against Venezuela’s oil industry after yesterday’s Constituent Assembly election that Washington’s UN ambassador Nikki Haley called a “sham”. According…

  • Riyadh Mulls Over Rising Oil Tax System

    Published 31 July 2017 | viewed 3,868 times

    Saudi Arabia is considering changing the way it taxes Aramco, the state oil giant, in a bid to boost oil revenues in case oil prices…

  • Europe’s Biggest Oil Refinery Shut Down After Fire

    Published 31 July 2017 | viewed 15,733 times

    Shell’s Pernis refinery in Rotterdam, the biggest in Europe, has been partially shut down after a short circuit caused a major fire on Sunday. Deutsche…

  • U.S. Shale Has Set An Example For Oil Majors

    Published 30 July 2017 | viewed 10,217 times

    It took the oil supermajors quite a while to come to terms with the new oil price realities. The blow from the 2014 price crash…

  • Ecuador, Schlumberger Reach Agreement On Debt Payments

    Published 28 July 2017 | viewed 8,548 times

    Ecuador’s government has reached an agreement with Schlumberger to start repaying a debt accumulated over the last few years, according to a Reuters report. The…

  • Exxon Reports Twofold Rise In Profit, But Stock Plunges

    Published 28 July 2017 | viewed 7,776 times

    Exxon reported a profit of US$3.35 billion for the second quarter of the year, up from US$1.7 billion a year earlier, thanks to better refining…

  • UAE To Change Terms Of Japanese Oil Concessions

    Published 28 July 2017 | viewed 10,438 times

    Adnoc will offer Japanese energy companies that hold concessions for fields in the Emirates new terms and conditions as part of a renegotiation of the…

  • Can Oil Ease South China Sea Tensions?

    Published 27 July 2017 | viewed 14,348 times

    A year after the Permanent Court of Arbitration ruled in favor of the Philippines in a case the country brought against neighboring China about its…

  • Mexico To Get Its First Public Oil Company In August

    Published 27 July 2017 | viewed 5,742 times

    Vista Oil & Gas, a private company backed by Riverstone Capital, will launch its initial public offering on August 11, becoming the first public oil…

  • Shell Posts 700% Rise In Earnings, Prepares For ‘Lower Forever’ Oil Prices

    Published 27 July 2017 | viewed 18,428 times

    Shell reported net earnings attributable to shareholders of US$1.92 billion for the second quarter of the year, a more than 700-percent increase from a year…

  • Conoco’s Q2 Loss Widens To $3.4 Bln

    Published 27 July 2017 | viewed 5,167 times

    ConocoPhillips reported a loss of US$3.4 billion for the second quarter of the year, up from US$1.1 billion for Q2 2016, the company said today.…

  • New Sanctions On Russia Anger EU, Oil & Gas Industry

    Published 26 July 2017 | viewed 14,431 times

    With a vote of 419 to 3, the House of Representatives passed legislation envisaging firmer economic sanctions against Russia as well as a stipulation that…

  • The Next Big Catalyst In The U.S. Oil Export Boom

    Published 26 July 2017 | viewed 19,431 times

    The Louisiana Offshore Oil Port plans to start exporting crude by early next year, in the latest indication there’s an oil export boom in the…

  • Indonesia May Return To OPEC But Won’t Cut Production

    Published 26 July 2017 | viewed 8,592 times

    Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan…

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