Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Oklahoma and Texas are the best destinations for oil and gas investment, with the two states occupying the number 1 and number 2 spots respectively…
China may not renew the oil product export quotas for independent refineries, the so-called teapots, according to local trading sources who spoke to S&P Platts.…
The Republic of the Congo, which gets 65 percent of its GDP from oil, plans to increase daily production to 300,000 barrels from the current…
Saudi Arabia has informed its clients that their crude oil deliveries in January will be lower, to reflect the country’s compliance with the production cut…
What was once a mere warning to the oil industry has now become a reality: the severe cost cuts undertaken by virtually every oil and…
Chevron has announced its capital expenditure program for 2017, which will see the company spend US$19.8 billion next year, down 42 percent on 2015 and…
Oklahoma’s Attorney General Scott Pruitt will be named chief of the Environmental Protection Agency by President-elect Donald Trump, according to a member of his transition…
Glencore has teamed up with Qatar’s sovereign wealth fund to acquire a 19.5-percent stake in Russia’s oil giant Rosneft. The Swiss-based commodity trader and miner,…
Mexico plans to increase its crude oil production substantially, overtaking both Venezuela and Brazil if its plans work out. This has emerged after earlier this…
More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in…
UAE’s Oil Minister Suhail al-Mazrouei said in a TV interview he did not expect any “significant growth” in shale oil output anytime soon, despite higher…
As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week…
Rex Tillerson, the chief executive of Exxon, is scheduled to interview with President-elect Donald Trump later this week, as Trump widens the net for prospective…
Fatih Birol, the executive director of the International Energy Agency, expects oil’s fundamentals to regain balance soon, thanks to the output cut deal agreed by…
The central bank of Russia has no plans to revise its current oil price estimates for the next 12 months despite the OPEC deal that…
OPEC’s historical deal to cut production has been sealed, and oil prices have jumped as a result, comfortably above the $50 per barrel mark. According…
Crude oil production in the autonomous region of Kurdistan in Iraq will not be affected much by OPEC’s agreement last week to prop up international…
The U.S. Army Corps of Engineers has refused to grant a permit to Energy Transfer Partners for the construction of the hotly contested section of…
General Khalifa Haftar, chief of the Libyan National Army (LNA), and his forces have taken control over two of the four export terminals in the…
Rating agency Fitch, after lauding OPEC’s decision to cut oil production by 1.2 million bpd, cautioned that prices are unlikely to move much higher than…