Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Fracking in Oklahoma, as well as elsewhere, has been on the decline, thanks to the oil price slump. Quakes, however, are continuing at alarming rates.…
Imagine a fossil-fuel independent world where those who don’t want to give up their road autonomy drive electric cars, while those who need to get…
Iran has introduced a discount on the June contract for its heavy crude going to Asia, just a few days after Saudi Arabia announced a…
The oil price rout has caused a lot of headaches in the renewable industry, especially in the heavily subsidized U.S. solar sector, which is suffering…
OPEC is dead, Rosneft’s head Igor Sechin has told Reuters. In a fine example of stating the obvious – at least to those who have…
A senior Kuwait Petroleum Corp official has confirmed to media the company’s plans to increase production by 44 percent to almost 4 million barrels a…
It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a…
Petroleo Brasileiro, Brazil’s state-owned, heavily indebted oil giant, has closed the sell-off of its Argentinean business to local Pampa Energia for US$892 million and its…
Trade between Russia and China in the first quarter of the year grew 3.6 percent on the year, to $14.2 billion. A senior CNPC official…
Last week’s resignation of Turkey’s Prime Minister Ahmed Davutoglu has marked one more stepping stone in President Recep Tayyip Erdogan’s path to authoritarian rule. Erdogan…
The latest survey by the Federal Reserve among senior loan officers has revealed a pessimistic picture. Banks operating in the U.S. are still skeptical about…
A NATO security expert has warned that the Islamic State (ISIS) is working on a driverless car, to replace suicide bombers. Jamie Shea, deputy assistant…
Saudi construction giant Binladin group has laid off tens of thousands of workers, leading to rare protests, as workers torch seven buses demanding compensation as…
The first U.S. shipment of liquefied natural gas (LNG) arrived in Portugal last week and Gazprom did not immediately cut its own gas prices for…
A report by Wood Mackenzie has warned the world may face a daily oil shortage of 4.5 million barrels by 2035. The amount represents around…
Russian Deputy Energy Minister Alexei Teksler said a couple of weeks ago that Chinese state giant CNPC is interested in participating in the partial privatization…
Russia and Saudi Arabia have been (relatively) quietly fighting for market share in China ever since oil prices started their downward spiral in mid-2014—now the…
BP reported an underlying net profit of $532 million for the first quarter of the year and its shares immediately jumped on the London Stock…
Depressed oil prices, rampant corruption, and pipeline vandalism are only parts of Nigeria’s oil problem. It’s now losing a massive 400,000 barrels of crude daily…
A cargo of 650,000 barrels of crude left the Libyan port of Hariga yesterday, in the eastern part of the conflict-torn country, sparking what promises…