Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
The world’s largest oil exporter, Saudi Arabia, could see its budget deficit drop to below 5 percent of gross domestic product (GDP) this year if…
Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in…
Suspected Islamic State militants blew up two oil wells with bombs near the northern Iraqi city of Kirkuk on Wednesday, killing at least one security…
Saudi Arabia is likely to reduce the price of its crude oil for Asia in June in what will be the Kingdom’s first price cut…
Brent oil prices were less than 50 cents away from hitting $70 per barrel early on Wednesday amid market optimism that reopening the United States…
Iran has banned the use of air conditioning at Tehran's state agencies as the country looks to save electricity consumption amid low power generation and…
OPEC kept its crude oil production essentially flat in April, just before the OPEC+ alliance is set to raise output by 600,000 barrels per day…
Oil prices rose to the highest level in seven weeks early on Tuesday, as the market continues to believe that the economic and oil demand…
Iran will be able to raise its crude oil exports to 2.5 million barrels per day (bpd) after the U.S. sanctions on its oil industry…
Signs have already started to emerge that India’s COVID crisis has hit oil demand in the world’s third-largest oil importer, but now sources say that…
The world’s largest oil companies reported solid earnings and strong cash flow generation for the first quarter. But all those profits had very little to…
Oil prices recouped earlier losses and were rising by more than 1 percent on Monday morning, after the European Union unveiled a plan to open…
The share of India’s oil imports from OPEC dropped to their lowest in at least 20 years in the fiscal year ended March 2021 as…
U.S jet fuel demand is rising along with an increase in domestic air travel, the Energy Information Administration (EIA) said this week. Global and U.S.…
African OPEC member Angola signed this week a $5-billion memorandum of understanding with its neighbor to the east, Zambia, to study the construction of oil…
Oil prices dropped early on Friday as profit-taking and a strengthening U.S. dollar put a stop to this week’s rally that saw prices hitting a…
OPEC likely raised its total oil production in April, driven by another supply increase from Iran, one of the three OPEC members exempted from the…
China has bet on developing its vast shale gas resources to boost its natural gas supply as demand surges. Despite recent shale production surprises to…
The OPEC+ production cuts, lower overall oil demand, and declining demand for foreign-sourced lighter crudes resulted in 2020 in the lowest annual American crude oil…
India’s worsening COVID outbreak is set to disturb the nearly balanced global oil market, which will show a surplus of oil supply of as much…