Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
BP expects to book a one-off charge of US$1.5 billion to its Q4 2017 earnings due to the U.S. tax reform, as the new legislation…
The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil…
The Forties Pipeline in the North Sea is expected to return to normal flow rates of some 450,000 bpd around new year, the operator of…
Taking advantage of the low oil prices, China increased its Strategic Petroleum Reserve (SPR) by almost 14 percent between June 2016 and June 2017, according…
South Korea has impounded a Hong Kong-registered oil tanker suspected of having secretly transferred refined oil to a North Korean vessel, thus violating United Nations…
Venezuela is getting ready to launch within days its own cryptocurrency--El Petro--which will be backed by more than 5.3 billion barrels of oil and support…
Permian’s production growth—the main driver of the second shale revolution as oil prices crept higher this year—may be limited not by geological or technological constraints,…
The Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the chairman of Libya’s National Oil Corporation (NOC) said on…
The U.S. unit of Italy’s oil major Eni started this week the spudding of a new oil well in the Beaufort Sea, in the first…
Expectations of robust oil demand growth and high OPEC and allies’ commitment to the production cuts have prompted analysts to raise again their forecast for…
This year has been the greenest year for the UK’s electricity generation in history, with renewable energy sources generating more electricity than coal for 90…
One of the biggest investment banks is one of the most bullish voices in predicting the state of the oil market next year. Goldman Sachs…
Following a discouraging 2017 Arctic exploration campaign, oil companies plan to nearly double exploration drilling offshore Norway with a focus on more mature areas of…
OPEC and its non-OPEC allies led by Russia will exit the production cuts deal very smoothly, and could extend supply restrictions in some form to…
Saudi Arabia on Thursday made the first payment totaling US$533 million (2 billion riyals) as part of its new household allowance program that reaches 10.6…
Driven by higher gasoline prices, Canada’s annual inflation rate jumped to 2.1 percent in November, after a 1.4-percent yearly increase in October, Statistics Canada said…
Kinder Morgan, DCP Midstream, and a unit of Targa Resources are moving forward with their plan to build a US$1.7-billion gas pipeline in the Permian…
As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices,…
The Nigerian National Petroleum Corporation (NNPC) said on Thursday that it had achieved 98 percent automation of all crude oil supply and marketing operations, which…
Higher oil prices in recent months have instilled renewed confidence in U.S. shale drillers and prompted them to look for drilling opportunities in basins beyond…