Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
LPG-carrying vessels are piling up off the coast of Singapore as traders await higher prices, Reuters reports, citing industry insiders. According to tanker tracking data…
Amid stubbornly falling oil prices and growing doubts about OPEC’s ability to rein in production, the EIA reported a draw in U.S. commercial crude oil…
Oil and gas is, apparently, the latest industry that millennials have marked for death. They don’t want to work in the industry because it’s dirty,…
BP has announced a potentially huge gas discovery in the Mancos Shale in New Mexico. The NEBU 602 Com 1H well, the company said, yielded…
Saudi Arabia will ship one million bpd less crude oil to Asia next month in the latest sign that it is serious about shrinking the…
The Trump administration is considering additional sanctions on Venezuelan individuals close to the Maduro government, but will first try to enlist support from other countries.…
A 17-company German consortium has announced plans to build a 34-GWh lithium-ion battery gigafactory, which is reportedly set to rival Tesla’s Reno facility. Rivalry, however,…
A Russian Security Council commission has recommended breaking down Gazprom’s gas export monopoly in a bid to boost the competitiveness of Russia’s gas, Russian daily…
Uganda has picked a consortium including GE and Italian Saipem to build and operate the African country’s first oil refinery. The 60,000-bpd facility will process…
Libya and Nigeria pushed OPEC’s crude oil output in July to the highest this year, at 32.82 million barrels daily, a survey by S&P Platts…
Libya’s largest oil field, Sharara, is resuming normal operations after a brief shutdown caused by a militant attack on the control room in the port…
Shale oil producers are hedging again – this is the latest message coming from investment banks and analytical firms, according to Bloomberg. After hedging largely…
Rosneft reported a net profit attributable to shareholders of US$1.4 billion for the first half of 2017, down by 12.5 percent from the result for…
The Nigerian government will make illicit refineries operating in the Niger Delta legal, and will even supply them with crude oil, the presidency announced yesterday.…
China may soon start selling electricity to neighbor Myanmar in the latest sign that bilateral relations are thawing. China/Myanmar relations have been tense since 2011,…
While OPEC is preparing for yet another meeting to discuss compliance with its notorious production cut deal, two of its members are enjoying something of…
The Nigerian National Petroleum Corporation has inked new investment deals with four oil companies including Chevron, Shell, Total, and Eni for the development of untapped…
Iran’s crude oil exports to China could hit an 11-month high this month, according to sources who spoke to Reuters. But overall, Iran’s total oil…
The Indonesian government has approached Chevron and Conoco with an offer to consider extending their licenses, which expire in a few years, as part of…
Optimism, at first tentative and in the last week more pronounced, has been taking over oil markets. Short positions on WTI were at a three-month…