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Latest articles from Irina

• Goldman’s $50 Forecast May Prove Bullish

  Published 13 April 2017 | viewed 27,435 times

  Goldman Sachs is standing by its own base oil price scenario of $50 a barrel, anticipating a stable future for the commodity, with price fluctuations…

• China Just Became The World’s Top Oil Importer

  Published 13 April 2017 | viewed 10,551 times

  With a daily import rate of 9.17 million barrels of crude last month, China broke its own previous record and overtook the U.S. as the largest…

• Can We Expect A Big Draw In Crude Inventories Anytime Soon?

  Published 13 April 2017 | viewed 27,716 times

  With shale producers adding rigs every week, output is rising and so are stockpiles which weighs on prices and curbs their upward potential, ruining OPEC’s…

• Conoco Sells Assets For $3 Billion

  Published 13 April 2017 | viewed 5,865 times

  ConocoPhillips has closed a deal to sell its assets in the San Juan Basin in the Southwestern U.S. to Hilcorp Energy Company for US$3 billion, bring…

• China Ready To Cut Oil Supplies To North Korea

  Published 13 April 2017 | viewed 152,025 times

  Beijing’s patience with North Korea is wearing thin as Pyongyang continues to conduct nuclear missile tests. According to a state Chinese media outlet, Huanqui, China…

• Nigerian Army Destroys 13 Illegal Refineries

  Published 13 April 2017 | viewed 7,290 times

  The Nigerian army said it had destroyed 13 illegal refineries in the Niger Delta – a small portion of the hundreds of such facilities that process…

• Could Guyana Become The Next Oil Hot Spot?

  Published 12 April 2017 | viewed 46,945 times

  ExxonMobil last week announced its third successful oil find offshore Guyana – the tiny Latin American country squeezed between Venezuela and Suriname. The Snoek discovery follows…

• OPEC’s Combined Oil Output Falls Further In March

  Published 12 April 2017 | viewed 9,659 times

  OPEC members pumped a combined 31.93 million barrels of crude daily last month, down 153,000 bpd from February, the group said in the latest edition of…

• Saudi Arabia Keeps Asian Oil Export Volumes Unchanged

  Published 12 April 2017 | viewed 9,154 times

  Saudi Arabia will export full volumes of crude oil to at least three Asian clients next month, sources from the company told Reuters. The move…

• Oil Prices Slip Despite Draw In Crude, Gasoline Inventories

  Published 12 April 2017 | viewed 23,717 times

  A day after Saudi Arabia said it was willing to join a production cut extension and a day after the American Petroleum Institute estimated U.S.…

• Toshiba Can’t Shake Its Westinghouse Woes

  Published 11 April 2017 | viewed 12,319 times

  In a widely-expected move, Toshiba’s troubled nuclear construction business Westinghouse filed for Chapter 11 bankruptcy protection at the end of last month. Now the company…

• Libyan Oil Production Falls Further As Wafa Field Goes Offline

  Published 11 April 2017 | viewed 12,995 times

  Just a day after production at Libya’s largest oil field was suspended, the National Oil Corporation told local media that another field, Wafa, has also…

• Texas New Drilling Permits Shoot Up Threefold in March

  Published 11 April 2017 | viewed 9,918 times

  The Texas Railroad Commission issued 1,310 new oil and gas drilling permits to shale producers last month, up from just 511 a year ago. Most…

• Nigerian Oil Corp Boasts Trading Deficit Decline

  Published 11 April 2017 | viewed 6,707 times

  Nigeria’s National Oil Corporation said its trading deficit for January had slimmed down to $50 million (14.26 billion naira) from $60 million (17.01 billion naira) in…

• Wall St. Gears Up For The World’s Biggest Oil Trade

  Published 10 April 2017 | viewed 34,734 times

  International banks are preparing for the Hacienda Hedge – the secretive oil deal that has seen Mexico earn billions from successful bets on future oil…

• Arab Oil Producers Boast Over Half Of The World’s Reserves

  Published 10 April 2017 | viewed 15,152 times

  The eleven Arab countries that comprise the Organization of Arab Petroleum Exporting Countries have combined proved reserves of 710 billion barrels of crude – 55.6…

• Oil Prices Pull Higher On Outage In Libya’s Biggest Oil Field

  Published 10 April 2017 | viewed 20,986 times

  Production from Sharara, Libya’s biggest oil field, has stopped again, unnamed sources told Bloomberg. The sources said the pipeline that carries crude from Sharara to…

• Iran’s New Oil Contract Faces Further Delay

  Published 10 April 2017 | viewed 8,217 times

  The Iranian Petroleum Contract designed to bring in more foreign investors to get the country’s energy industry back on its feet is still being reviewed…

• Is The Latest Lithium Battery Too Good To Be True?

  Published 09 April 2017 | viewed 50,546 times

  The creator of the first lithium-ion battery has just released a new battery cell that could mark the next stage of battery development, offering a huge…

• Trump To Give Oil Companies Access To Offshore Drilling

  Published 07 April 2017 | viewed 13,278 times

  President Donald Trump is working on an executive order that will open the waters around the U.S. coast to oil and gas drilling just months after…