Irina Slav

Latest articles from Irina

• DONG Quits Oil, Gas, Stays With Wind Power

  Published 08 November 2016 | viewed 6,664 times

  Danish energy firm DONG Energy has decided to drop its oil and gas operations in order to focus exclusively on offshore windfarm construction and operation.…

• IMF Warns: Oil Economies Won’t Break Even Anytime Soon

  Published 07 November 2016 | viewed 15,968 times

  A report from the IMF has warned that the “new normal” in oil will delay the economic recovery in oil-dependent countries. Few would be surprised…

• Oman Willing To Cut Up To 10% If OPEC Leads The Way

  Published 07 November 2016 | viewed 16,964 times

  Small non-OPEC producer Oman believes that an OPEC production deal is now more in sight than it was a few months ago, Omani Minister of…

• Aramco Stops Oil Product Shipments To Egypt

  Published 07 November 2016 | viewed 9,829 times

  Saudi Aramco has suspended all shipments of fuels to Egypt indefinitely, according to a spokesman for Egypt’s Oil Minister Tarek El Molla. The shipments were…

• Oil Majors Secretly Discuss ‘Market Changes’ With State-Owned Oil Companies

  Published 07 November 2016 | viewed 14,963 times

  The CEOs of BP, Exxon, and Total, and the heads of four Middle Eastern state oil companies met yesterday in Abu Dhabi to discuss changes…

• Magnitude-5 Quake Shakes Oil Territory In Cushing, Oklahoma

  Published 07 November 2016 | viewed 18,570 times

  An earthquake with a magnitude of 5.0 on the Richter scale shook Cushing, Oklahoma, the home of U.S. crude oil reserves at 7:44 pm last…

• Big Oil Promises $1 Billion In Climate Change Fight

  Published 04 November 2016 | viewed 8,169 times

  A host of oil supermajors announced on Friday that they would allocate US$1 billion for fighting climate change over the next ten years. The effort,…

• The Toilet Paper Crisis: Angola’s Oil Firm Can’t Supply The Basics

  Published 04 November 2016 | viewed 34,304 times

  Sonangol, the state oil company of Africa’s current number-one oil producer seems to be in shambles, with the management unable – or unwilling – to…

• Oil Industry Needs To Slash Another $370B In Costs

  Published 04 November 2016 | viewed 13,259 times

  A report by Wood Mackenzie has suggested international oil majors would have to hack off some US$370 billion from their total costs this year and…

• Nigerian Senate Starts Work On Much-Awaited Oil Industry Overhaul

  Published 03 November 2016 | viewed 4,952 times

  The upper house of Nigeria’s parliament, the Senate, has approved the second reading of an oil industry overhaul bill that has been stagnate for ten…

• IEA’s Chief Says EVs Are Not Upending Oil Markets

  Published 03 November 2016 | viewed 8,430 times

  Fatih Birol, the executive director of the International Energy Agency said he did not expect electric vehicles to lead to a peak in oil demand…

• Russia Continues To Raise Its Oil Production

  Published 02 November 2016 | viewed 24,402 times

  Goldman Sachs’ commodity analysts are a merciless bunch. Just the other day they warned that if OPEC fails to agree on a freeze, crude oil…

• Saudi Aramco’s Chief Sees Oil Rebounding In H1 2017

  Published 02 November 2016 | viewed 23,535 times

  Crude oil prices will rise in the first half of next year as the commodity’s fundamentals return to balance, Aramco’s chief executive, Amin Nasser, said.…

• Rosneft, BP In JV To Explore For Oil, Gas In Siberia

  Published 02 November 2016 | viewed 6,392 times

  Rosneft and BP have finalized a joint venture for hydrocarbon exploration in northeastern and western Siberia that was signed in June this year. The company,…

• Oil Continues To Crash After EIA Reports Biggest Inventory Build In 34 Years

  Published 02 November 2016 | viewed 49,574 times

  After the API shocked markets by reporting a massive 9.3-million-barrel increase in U.S. inventories yesterday, the EIA added insult to injury, saying inventories instead went…

• Oil To Crash Back To $40 If OPEC Fails

  Published 01 November 2016 | viewed 24,536 times

  OPEC’s increasingly probable failure to reach a production freeze deal will see international oil prices plummet back to US$40 a barrel, according to Goldman Sachs…

• Brazil To Boost Oil Output, Regardless Of OPEC’s Deal

  Published 01 November 2016 | viewed 25,574 times

  The chances of success for any concerted effort to curb global oil supply are getting slimmer by the day, it seems. OPEC members are arguing…

• Feeling The Oil Squeeze: Saudi King Ousts Finance Minister

  Published 01 November 2016 | viewed 22,742 times

  Ibrahim Al-Assaf, Saudi Arabia’s Finance Minister for twenty years, has been excused from his long-held position and reappointed as state minister. The move is part…

• Chinese Oil Rig Sits In North Korean Waters For Months

  Published 31 October 2016 | viewed 17,356 times

  An oil rig, property of the Chinese National Petroleum Corporation (CNPC), has been sitting in the North Korean exclusive economic zone in the Yellow Sea…

• Iraq Publishes Oil Data Never Seen Before To Prove OPEC Wrong

  Published 31 October 2016 | viewed 33,571 times

  Iraq has released detailed data about the crude oil output at each of its 26 oilfields as well as equally detailed export figures in an…