Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Gasoline prices in North Korea’s capital Pyongyang jumped by as much as 83 percent within three days on the back of reports that China is…
The Ceylon Petroleum Common Workers Union has stopped releasing gasoline from 12 storage facilities, causing long lines at gas stations across Sri Lanka. The industrial action…
It’s all over the news: ExxonMobil has applied for a waiver from the economic sanctions against Russia—and specifically Rosneft—in order to resume its joint operations…
Russia has cut 250,000 bpd of its crude oil output, with another 50,000 bpd to go as per its agreement with OPEC, Energy Minister Alexander…
Mexico’s energy giant Pemex is looking for partners for the development of two oil and gas-rich areas in the Gulf of Mexico, Maximino and Nobilis,…
The Federal Court of Australia has twice found Chevron responsible for shifting profits from Australia to the U.S. using an intra-company loan mechanism. This latest ruling…
Technological advancements have just pushed the boundaries of recoverable oil and gas in the U.S. further, according to an announcement by the U.S. Geological Survey.…
Oman will sell stakes in state-owned oil and gas downstream companies in a bid to prop up its finances after the oil price crunch from 2014.…
Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign…
India’s ONGC Petrol Additions Ltd is negotiating the sale of half its $4.6-billion petrochemicals plant with Saudi Aramco, unnamed sources told Bloomberg. The negotiations are…
Saudi Arabia’s and Kuwait’s oil ministers said consensus is building among OPEC members on the extension of the cartel’s six-month oil production cut agreement, strengthening optimism…
Russian experts will help the Atomic Energy Organization of Iran build two 1,000-MW nuclear power plants, Iran’s Energy Minister told media. Construction will start soon, Hamid…
Shell yesterday cut the ribbon on a 10,000-bpd oil and gas treatment plant in its acreage in the Vaca Muerta shale formation in Argentina. The…
February marked the first month since mid-2014 when oil and gas activity in the Permian increased on an annual basis, the latest Texas Permian Basin…
Amid rising optimism about where oil prices are going, the EIA reported a 1-million-barrel draw in crude oil inventories for the week to April 14,…
BP has filed a lawsuit against Monroe Energy in a federal court, claiming the refiner wrongfully terminated a contract last year. This has become the…
China reported a 50.4-percent annual increase in its shale gas output for March, to 1.15 billion cu m, with overall gas output rising to 13.6…
A Brazilian court has suspended the $2.5-billion sale of Petrobras’ stake in the giant Carcara field to Norwegian Statoil after the National Federation of Oil Workers…
Back in February sources from OPEC told media that Saudi Arabia is aiming for oil prices of $60 as the optimal price to encourage fresh investments…
The Indian government has announced plans for stake sales in seven companies seeking proceeds of $5.4 billion in a bid to plug a budget hole opened…