Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
ExxonMobil is close to discovering huge oil reserves in Pakistan near the border with Iran, and those reserves could even be larger than the oil…
While most of the sanction-bypassing oil trade with North Korea is thought to be originating from China, oil sales from Russia to Kim Jong-un’s regime…
Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very,…
Diesel, marine gasoil, and jet fuel—collectively known as middle distillates—account for more than a third of global oil consumption. Used in road transportation, shipping, aviation,…
OPEC’s crude oil production jumped by 340,000 bpd in July from June, as the cartel’s leader Saudi Arabia pumped near-record volumes and the close Saudi…
Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production as the price of Canadian heavy…
Enbridge expects pipeline projects worth US$5.4 billion (C$7 billion) to come into service this year, easing constrained oil and natural gas takeaway capacity in the…
The oil market is set to tighten further before the end of this year - a sign that OPEC’s early response to boost supply may…
Brazil’s state-run oil firm Petrobras (NYSE:PBR) benefited from the rising oil prices and booked a thirty-fold yearly jump in its second-quarter net income, which also…
Due to the rising trade tension between China and the United States, the trading arm of Chinese state oil major Sinopec has suspended imports of…
As the economic crisis continues to deepen, Venezuela’s President Nicolas Maduro is promising a new policy on gasoline (the world’s cheapest)— which is currently generously…
Ahead of the return of the U.S. sanctions on Iran, India’s state refiners boosted their Iranian oil purchases, pushing up Indian oil imports from Iran…
Saudi Arabia is cutting the September official selling prices (OSPs) for all its grades and to all markets except for to the United States, as…
The war of words between the United States and Iran has been heating up as the return of U.S. sanctions threatens to take more than…
South Korea’s imports of U.S. crude oil are expected to hit all-time highs in September and October, as the world’s fifth-largest oil importer cuts off…
The Trump Administration unveiled on Thursday proposed rulemaking for rolling back Obama-era fuel economy standards for automakers, recommending the freezing of the mile-per-gallon standards for…
Russia opened the spigots in July and pumped its highest level of oil since the OPEC+ agreement entered into force in January 2017. At 11.215…
India’s cabinet approved on Wednesday a policy to allow companies to explore and exploit unconventional oil and gas resources such as shale oil and gas…
Electricity generation from renewable and nuclear power sources in France jumped in June and squeezed out fossil fuels coal, oil, and gas, grid operator RTE…
Higher oil prices this year boosted the earnings of all five Big Oil firms in the second quarter, but despite the increased profits, not all…