Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
OPEC+ oil producers overcomplied with their collective production cut deal in January, thanks to overcompliance from OPEC members, Russia’s TASS news agency reported on Friday,…
Oil prices tumbled on Friday as OPEC and its Russia-led non-OPEC allies failed to agree on deeper cuts, Bloomberg and Reuters report. OPEC failed to…
Saudi Arabia’s oil giant Aramco usually tells customers on the 5th of each month how much they will pay for Saudi crude oil for the…
An energy consultant who had worked for Shell for decades has started talks with Venezuela’s state oil firm PDVSA to help it reduce gas flaring…
Two senior Moscow managers at Glencore have left the commodity trader for their own start-up that will trade energy resources and supply equipment in Russia,…
As the coronavirus spreads fast outside China, dampening consumer and business sentiment, analysts continue cutting their forecasts of oil demand growth this year. In one…
U.S. supermajor ExxonMobil maintains its strategy for capital expenditures between US$30 billion and US$35 billion each year through 2025, chairman and CEO Darren Woods said…
The coronavirus outbreak is dealing a heavy blow to global oil demand, which is now expected to grow by just 480,000 bpd in 2020, compared…
The Middle East oil exporters are grappling with depressed demand in their key market, China, due to the coronavirus outbreak. The economies of the Arab…
The European Commission proposed on Wednesday enshrining the European Green Deal’s commitment for carbon neutrality by 2050 into legislation, as part of the European Union’s…
Widespread digitalization and the Fourth Industrial Revolution have helped all industries to increase efficiencies and reduce costs. The energy industry is no exception, with a…
In the second downward revision of its oil price outlook in just one month, Goldman Sachs slashed again its estimates for 2020, noting that even…
Russia is not on board with a proposal of OPEC leader Saudi Arabia that the OPEC+ coalition deepen the collective cut by 1.2 million barrels…
As top officials from OPEC countries start to arrive in Vienna for this week’s OPEC+ meeting, OPEC’s top producer Saudi Arabia is pushing for a…
Oil prices rose early on Wednesday as OPEC’s leader and top producer Saudi Arabia is looking to convince its key ally in the OPEC+ deal,…
South Sudan continues to spend oil revenues in advance and its oil sector continues to lack transparency, according to a UN report that was made…
Kuwait expects OPEC and its non-OPEC partners led by Russia to reach an agreement this week on how to react to the oil price and…
Wells Fargo has become the third major U.S. bank to stop financing new oil and gas projects in the Arctic, joining the likes of Goldman…
OPEC and its Russia-led non-OPEC allies could push Brent Crude prices back to $60 a barrel if the coalition agrees to deepen the cuts by…
Thanks to careful spending in lower-risk projects with solid returns, U.S. oil supermajor Chevron has the capacity to distribute US$75 billion-US$80 billion in cash to…