Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Following the biggest daily slide in three weeks on Wednesday, oil prices rose by more than 2 percent on Thursday morning after House Speaker Nancy…
U.S. gasoline demand is weakening, prompting refineries to additionally cut capacity utilization and crude processing in a sign that resurging coronavirus cases are derailing fuel…
The U.S. Department of Energy and NASA signed on Tuesday a memorandum of understanding to expand their cooperation in civil energy-related activities in space. NASA…
The world’s largest oil importer, China, will continue to have a significant impact on the oil market in the coming months, as most of the…
Thanks to increased production at the prolific pre-salt offshore basin, Petrobras expects its oil and gas production this year to exceed earlier guidance, Brazil’s state…
Israel and the United Arab Emirates (UAE) signed this week a preliminary agreement under which crude oil from OPEC’s third-largest producer could be shipped to…
Oilfield services provider Baker Hughes (NYSE: BKR) reported a loss for the third quarter, like its competitors Schlumberger and Halliburton, amid lower demand for drilling…
Oil prices are set to recover beginning in the second quarter next year, helping Iraq’s oil industry and its plans to increase production capacity, Iraqi…
The pandemic hit the chemical-driven profit margins of integrated oil companies and petrochemical manufacturers to the point that many firms slashed capital expenditures and deferred…
Russia’s second-largest producer, Lukoil, is eager to increase its oil production in Iraq once the production cuts of the OPEC+ group end, Egor Zubarev, Managing…
The Nigerian National Petroleum Corporation (NNPC) has repaid most of the arrears it owes to international oil companies for joint venture operating expenses, recently repaying…
The consolidation in the U.S. shale patch is picking up pace after the crash in oil prices earlier this year. The latest big transaction in…
Iran has decided to use local firms to develop a large offshore natural gas field, which was discovered by an Indian company and set to…
Halliburton Company (NYSE: HAL), the largest fracking services provider in North America, sees activity across the shale patch stabilizing as it reported another net loss…
Oil prices are not expected to rise much next year, and will stay in the $40-50 a barrel range, putting additional pressure on the oil…
Oil prices were slightly down early on Monday as an OPEC+ panel is meeting virtually to discuss the latest supply and demand developments, while underwhelming…
China has played a significant role in supporting global oil demand recovery in recent months by importing its highest-on-record crude volumes since May. Customs import…
The world’s largest oilfield services provider, Schlumberger (NYSE: SLB), reported on Friday its third consecutive quarterly loss this year as exploration and production companies drastically…
Libya’s oil production has jumped to around 500,000 barrels per day (bpd) this week after the country’s largest oilfield resumed pumping crude over the weekend,…
Oil prices slid early on Friday and were on track for a flat weekly performance, as new coronavirus cases in Europe and the United States…