Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
After a string of weekly declines, this week crude oil prices look set for a gain on news that China is relaxing Covid-related restrictions. Indeed,…
More than two million British households unable to afford electricity bills may decide to disconnect from the grid without informing their suppliers, the chief executive…
The owner of Continental Resources and one of the faces of the shale revolution Harold Hamm has criticized the Biden administration’s decision to grant sanction…
Last month, world media reported that Russia and Turkey were discussing setting up a gas hub in Turkey. The country, being one of the biggest…
The Biden administration may release additional volumes of crude oil and heating oil this winter in case of a supply squeeze, CNBC has reported, citing…
Investment in the upstream oil and gas industry in Russia could decline by $15 billion this year as a result of Western sanctions, Rystad Energy…
The United States has urged caution in the European Union’s discussions of a price cap on Russian crude, saying that the lower prices that have…
When the U.S. Treasury Secretary proposed capping the price of Russian export oil to curb Moscow’s revenues, oil prices spiked. The reason was that the…
The European Union has spent most of this year importing natural gas from any source available, including sanctioned Russia, after it sanctioned it and began…
Crude oil prices moved further up today after the U.S. Energy Information Administration reported a crude oil inventory decline of 12.6 million barrels for the…
The fact that OPEC+ has decided to meet virtually this Sunday suggests surprises with regard to oil supply policy are unlikely, Reuters reported today, citing…
The European Union has failed to agree on the price cap for Russian oil proposed by the G7 as Poland refused to accept the suggested…
The European Union’s energy crisis response plan is being challenged by the bloc’s members’ differing opinions on whether a price cap should be implemented on…
An investor group has criticized Canadian lenders for investing heavily in fossil fuels despite the Paris Agreement, noting that all of the largest Canadian banks…
Growing protests in China against the government’s zero-Covid policy are pressuring oil prices as they spread across the country, casting doubt over the country’s continued…
This week saw two documents published by two government departments: the European Commission in Brussels and the Department of Treasury in Washington. The Commission’s document…
Oil futures and swaps globally are increasingly showing signs of easing supply concerns and resurfaced concerns about further weakness in crude oil demand. The prompt…
Another spike in Covid infections in China is threatening more downward pressure for oil prices, as Chinese authorities reported a new daily record in new…
Despite its clear anti-oil stance, the Biden administration has just approved a new oil export terminal for the Texas Gulf Coast, which will become the…
Earlier this week, the European Commission issued a statement declaring what it called a “safety price ceiling” for gas prices set at 275 euros, or…