Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
The United States and Iran may be nearing a deal that could see sanctions on Iran lifted, based on reports about the U.S. Secretary of…
Crude oil prices started the week with a decline in response to the start of a lockdown in Shanghai due to the high number of…
Earlier this week, Vitol's chief Russell Hardy warned that a diesel shortage could trigger fuel rationing in Europe. Now, those warnings are multiplying, with fuel…
Germany wants to reduce its Russian oil imports by half by this summer, the country's economy minister Robert Habeck told media today, as quoted by…
Russia is considering digital currencies as one of its accepted means of payment for oil and gas, the BBC has reported, citing a Russian lawmaker.…
The European Union and the United States have announced a deal for more U.S. liquefied natural gas exports to the EU as the latter seeks…
Koch Industries has been investing substantial sums in electric vehicles and batteries, the Wall Street Journal reported this week. There is nothing special in this…
China is fighting the worst Covid outbreak since 2020, and analysts are considering a revision of their oil demand forecasts as refineries reduce run rates…
Crude oil production in the United States grew faster during the first quarter of the year, the Dallas Fed reported in its quarterly industry survey,…
Some of the world’s biggest oil traders expect oil prices to exceed $200 per barrel by the end of the year, the Financial Times reported,…
Banks have gone from oil industry backers to some of the loudest critics of the industry and the most ambitious target-setters in a few short…
Crude oil prices continued up today after the Energy Information Administration reported a crude oil inventory draw of 2.5 million barrels for the week to…
The U.S. oil and gas industry needs a "Marshall plan" to boost gas production, according to the chief executive of JP Morgan, Jamie Dimon, who…
When oil prices crash, small, privately held companies are the first to go under. When prices go up, small, private oil drillers fatten up like…
Saudi state oil giant Aramco reported its latest financial results last weekend. In the report, the company boasted a twofold jump in net profits for…
Investment in coal is stupid, and investment in the expansion of fossil fuel production must be stopped, said the secretary-general of the United Nations, Antonio…
The UK’s Oil and Gas Authority, the industry watchdog, plans to hold an oil and gas licensing round for the North Sea this year, the…
Germany will be importing liquefied natural gas from Qatar, Economy Minister Robert Habeck announced following a visit to Qatar. Qatar will export liquefied natural gas…
Saudi Aramco reported its net profit for 2021 had risen twofold to $110 billion thanks to the surge in oil prices. Thanks to the strong…
Canada's oil producers have been struggling to grow for years. Lack of export routes outside the United States and pressure from the government and regulators…