Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
The current dramatic cuts in exploration and production will have a long-lasting impact on the global oil market, with oil prices spiking to above $68…
Energy-related carbon dioxide (CO2) emissions in the United States declined by 2.8 percent last year, offsetting a 2.9-percent carbon emissions increase in 2018, the Energy…
Shell’s Philippines unit will suspend refining operations at its 110,000-bpd refinery in the country for a month starting in the middle of May, due to the dramatic…
Bank of China has told its clients that it would pick up the tab for part of the $1.4-billion total loss that its retail customers…
Oil prices surged early on Tuesday, heading for a fifth consecutive day of gains, amid signs that demand is crawling back up with eased lockdowns…
Oil companies, oil refiners, and oil traders believe that the worst of the demand destruction is already behind us. But the jury is still out…
Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil demand and production…
Brazil’s Petrobras set a new oil exports record of 1 million bpd in April, as domestic demand plunged, the state-controlled oil firm said on Monday, days after…
Gasoline and diesel demand in the world’s third-largest oil importer, India, crashed by around 60 percent annually in April due to the nationwide lockdown to…
OPEC member Algeria has decided it would slash its budget for this year by 50 percent, due to the drastically lower income from oil after…
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom…
Armed militants, believed to be affiliated with one of the sons of eastern Libyan strongman General Khalifa Haftar, stormed during the weekend the headquarters of…
After posting the first weekly gain in a month, oil prices plunged early on Monday as tensions between the United States and China grew over…
Until three months ago, the oil industry was pinning its hopes on aviation, alongside petrochemicals, for continued growth in oil demand for at least another…
Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller…
Chevron is complying with the U.S. Administration’s requirements, but it is not winding down all activities in Venezuela preparing to leave the country, the U.S.…
U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned…
Nicolas Maduro’s regime in Venezuela is paying Iran in gold for help with Venezuela’s crumbling oil industry, U.S. Special Representative for Venezuela Elliott Abrams said…
ExxonMobil (NYSE: XOM) reported on Friday a surprise first-quarter loss on the back of hefty write-downs amid the oil price plunge, posting its first quarterly loss since the 1999…
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as…