Irina Slav

Latest articles from Irina

• World’s Biggest Oil Trader Questions Its Own Fate

  Published 06 October 2017 | viewed 22,432 times

  Vitol’s chief executive, Ian Taylor, said he expected the shift to electric vehicles and non-fossil fuel sources of energy to shrink the oil industry. Speaking…

• Argentina Plans Offshore Oil Auction For 2018

  Published 06 October 2017 | viewed 9,064 times

  Argentina is eyeing a copycat of Brazil’s offshore oil and gas development with a tender of blocks off the Atlantic coast, to take place in…

• Russia To Become A Leader In Energy Storage

  Published 05 October 2017 | viewed 20,119 times

  Here’s a fun fact about Russia: it gets a fifth of its energy from hydropower. This might sound shocking for a country whose image is…

• Aramco CEO Rejects Russia LNG Project Investment Report

  Published 05 October 2017 | viewed 7,474 times

  Saudi Aramco has no plans at this point to invest in Arctic LNG 2, Russian Novatek’s second LNG project, the Saudi company’s chief executive Amin…

• Chevron Prepares To Shut Down Gulf Platforms Ahead Of Storm

  Published 05 October 2017 | viewed 10,005 times

  Chevron is preparing to shut down two platforms in the Gulf of Mexico ahead of a Tropical Depression that could develop into a major storm,…

• Record U.S. Oil Exports Weigh On Oil Prices

  Published 05 October 2017 | viewed 14,664 times

  West Texas Intermediate briefly slumped below US$50 after a brief rally, as EIA data about U.S. crude oil exports showed these had hit a record-high…

• The Trillion Dollar Market That Stopped Chasing Profits

  Published 04 October 2017 | viewed 18,930 times

  Every carmaker worth their salt is developing electric cars. It’s like a virus that’s going around infecting car manufacturing companies. The virus’ name, of course,…

• Nat Gas Exports Could Add $73B To U.S. Economy

  Published 04 October 2017 | viewed 7,758 times

  Higher natural gas exports from the U.S. in the years to 2040 could add between US$50 billion and US$73 billion to the economy and create…

• Libya’s Sharara Oil Field Resumes Production

  Published 04 October 2017 | viewed 6,702 times

  After a three-day suspension of production due to a blockade by an armed group, Libya’s giant Sharara oil field re-opened on Wednesday, Bloomberg reports, quoting…

• Strong Crude Draw Boosts Oil Prices

  Published 04 October 2017 | viewed 30,317 times

  The biggest oil price third-quarter rally in years came to a grinding halt this week with preliminary OPEC production figures for September suggesting an increase,…

• Saudi Arabia Plans Russian Oil, Gas Investments

  Published 04 October 2017 | viewed 8,457 times

  Russia and Saudi Arabia have been called unlikely allies, thrown together by the lower-for-longer oil price scenario that has been unfolding over the last three…

• The Bearish Backlash In Energy This Fall

  Published 03 October 2017 | viewed 7,997 times

  It’s been an exciting summer for fossil fuels and renewables, with natural gas production hitting a year-to-date high, global crude oil stocks finally starting to…

• OPEC Producers Unmoved By U.S. Shale Threat In Asia

  Published 03 October 2017 | viewed 11,621 times

  Middle Eastern oil producers are confident that strong demand for their product from Asia will keep their coffers full even as U.S. shale boomers venture…

• Nigeria Recovers $3 Billion In Large-Scale Energy Sector Reform

  Published 03 October 2017 | viewed 5,810 times

  Nigeria’s Extractive Industries Transparency Initiative has recovered some US$3 billion in payment dues from oil and gas operators in the country, the agency’s executive secretary…

• Say ‘So Long’ To The Oil Rally

  Published 03 October 2017 | viewed 16,826 times

  Crude oil prices extended their losing streak today as worries about once again rising global inventories frosted hopes that global supply is returning to normal.…

• Drillers Decline Trump’s Marine Sanctuary Offer

  Published 02 October 2017 | viewed 11,272 times

  There can hardly be any doubt that President Trump is determined to make good on his campaign promises, which made the energy industry a top…

• ADNOC Plans Further Oil Output Reduction

  Published 02 October 2017 | viewed 8,548 times

  UAE’s Abu Dhabi National Oil Company, or ADNOC, will cut its crude oil output by 139,000 bpd in November as part of the UAE’s commitment…

• Qatar’s Energy Sector Shrinks By 2.7% In Q2

  Published 02 October 2017 | viewed 4,973 times

  Qatar reported a 2.7-percent annual contraction in its mining and quarrying sector, which includes oil and gas production, for the second quarter of the year.…

• Saudis See Economy Shrink In Spite Of Higher Oil Prices

  Published 02 October 2017 | viewed 15,029 times

  Saudi Arabia’s economy contracted by 1.03 percent over the second quarter of the year, after a 0.5-percent contraction in the first quarter. The pace of…

• The Next Big Offshore Boom Is About To Happen Here

  Published 01 October 2017 | viewed 31,055 times

  Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the…