Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
A small privately held oil and gas company from Tulsa, Oklahoma, is suing Continental Resources over a deal from which Continental withdrew after oil prices…
The Regional Municipality of Wood Buffalo, which includes Fort McMurray – the hub of Alberta’s oil sands business – has issued a mandatory evacuation order for all…
As Canadian oil firms prepare to start reporting what would surely be bleak Q1 earnings and short-term outlooks, analysts expect that the companies will announce…
Even though the new OPEC+ deal is set to come into force this week, oil prices will not rise much in the near future because…
Crude oil supply from OPEC members has soared by more than 2 million bpd in April to the highest levels since December 2018, oil-flow tracking…
Oklahoma Governor Kevin Stitt called on U.S. President Donald Trump to declare the coronavirus pandemic an ‘Act of God’ to help oil firms in Oklahoma as…
Last week’s collapse of WTI Crude futures to -$37 a barrel left a lot of individual investors burnt. Well-known energy trader Pierre Andurand, for example, warned traders…
OPEC’s top producer and the world’s top oil exporter, Saudi Arabia, has already started cutting its oil production ahead of the official start of the…
Mexico’s state-held oil firm Petroleos Mexicanos (Pemex) said on Sunday that it had started to reduce the number of oil workers at its offshore oil platforms to…
Africa’s largest oil producer, OPEC member Nigeria, has yet to figure out how and from where to cut production as part of the OPEC+ deal,…
South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with…
Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020,…
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the…
Pipeline giant Energy Transfer will be asking the Texas Railroad Commission to allow it to idle two pipelines in Texas and turn them into storage…
A securities law firm announced on Friday an investigation on behalf of risk-averse investors with Wells Fargo, Morgan Stanley, UBS, and Merrill Lynch who have sustained significant…
U.S. oil supermajor ExxonMobil said on Friday it had reconfigured its chemical plant at Baton Rouge, Louisiana, into a facility to make medical-grade sanitizer which…
Russia is preparing to significantly reduce the oil supply to the market from its Baltic and Black Sea ports—to the lowest in two decades in…
Nigeria’s independent oil producers are being crushed by the oil price crash, with current prices more than two times lower than the costs of local…
Russia’s oil production hasn’t changed so far this month as demand and prices came down crashing, and the questions remains whether Moscow will live up…
Although the new OPEC+ agreement goes into effect on May 1, OPEC’s fourth-largest producer, Kuwait, has already started to reduce crude oil supply to international…