Tsvetana Paraskova

Latest articles from Tsvetana

• Can The Permian Outgrow The Giant Saudi Ghawar Field?

  Published 09 March 2017 | viewed 22,105 times

  When the Permian Basin in West Texas—which has been pumping oil for nearly a century—was fueling the U.S. and Allied forces in World War II,…

• Oil Tanker En Route To Libya’s Es Sider Diverted To Avoid Clashes

  Published 09 March 2017 | viewed 7,400 times

  As Libya’s eastern oil ports are again threatened by clashes among various militias, an oil tanker that was set to load crude oil at Es…

• Marathon Oil Sells Canadian Oil Sands Assets, Bets On Permian

  Published 09 March 2017 | viewed 7,863 times

  In a sign that oil companies have realized where the biggest returns can be reaped after the downturn, Marathon Oil Corporation said on Thursday that…

• UAE Cuts More In March/April, Questions OPEC Secondary Sources

  Published 09 March 2017 | viewed 6,797 times

  The United Arab Emirates – which has, so far, failed to bring its production below the level required in OPEC’s production cut deal - is…

• Oil Prices Continue Plunging As Speculators Rush For The Exit

  Published 09 March 2017 | viewed 25,034 times

  After having dipped 5 percent on Wednesday, oil prices continued plunging on Thursday by more than 2 percent, as speculators have started exiting the nearly…

• Harold Hamm: U.S. Shale Spending Binge Could Destroy Oil Market

  Published 09 March 2017 | viewed 25,629 times

  In a rather unconventional warning, Continental Resources chief executive Harold Hamm said on Wednesday that should the U.S. oil industry embark on another spending spree,…

• Oil Patch Pushes Up Canada’s Credit Card Delinquency Rate

  Published 08 March 2017 | viewed 4,945 times

  Serious credit card delinquency rates rose by 3.2 percent in Canada last year, mostly due to double-digit rises of those rates in the oil patch…

• Kurdish Group Agrees To Keep Kirkuk Oil Exports To Turkey

  Published 08 March 2017 | viewed 7,368 times

  Kurdish group, Patriotic Union of Kurdistan (PUK)—a rival of the ruling Kurdistan Democratic Party—has agreed with Iraq’s central government to keep oil from the Kirkuk…

• Ex-Tesla Executives Plan Battery Gigafactory In Europe

  Published 08 March 2017 | viewed 8,521 times

  To seize the potential of the electric vehicle and energy storage sectors, two former Tesla executives plan to build Europe’s largest lithium-ion battery factory in…

• Gazprom To Seek First Eurobond Issue Since Sanctions

  Published 08 March 2017 | viewed 5,600 times

  Russia’s gas giant Gazprom has hired banks to set up investor meetings in the U.S. to test the market for a possible U.S.-dollar denominated Eurobond…

• Trump Needs Higher Oil Prices For His Infrastructure Plan

  Published 07 March 2017 | viewed 18,416 times

  President Trump is asking the Congress to approve $1 trillion worth of investments in U.S. infrastructure, financed through both public and private capital. Although no…

• Latest Libyan Faction Fighting Drags Oil Output Down

  Published 07 March 2017 | viewed 6,071 times

  The Libyan National Army (LNA), led by General Khalifa Haftar, has bombed the Benghazi Defense Brigades (BDB) faction for a fifth day in the country’s…

• Shell Gives Up Largest US Refinery To Saudi Aramco

  Published 07 March 2017 | viewed 10,992 times

  Royal Dutch Shell and Saudi Aramco have finalized the agreement to split the assets, liabilities and businesses of their 50/50 refining and marketing joint venture…

• Oil And Gas IPOs Return Amid Oil Price Recovery

  Published 06 March 2017 | viewed 13,630 times

  The oil price crash has left energy companies scrambling to shore up balance sheets and streamline costs. But the recent recovery of crude prices has…

• Iran, South Africa To Study Construction Of GTL Plant In Iran

  Published 06 March 2017 | viewed 7,096 times

  Iran and South Africa have agreed to start a feasibility study on building a gas to liquids (GTL) conversion plant in Iran with a capacity…

• Big Oil Plans 15% Combined Output Growth By 2021

  Published 06 March 2017 | viewed 6,988 times

  Oil supermajors are on the verge of reversing stalled production growth, planning a combined 15 percent increase in their total crude oil output by 2021,…

• Azerbaijan Boasts Overcompliance With Oil Output Cuts

  Published 06 March 2017 | viewed 6,855 times

  While most analysts are wondering when Russia will reach its gradual 300,000-bpd production cut as part of the deal with OPEC to reduce global supply,…

• OMV Buys Uniper Stake In Giant Russian Gas Field For $1.85B

  Published 06 March 2017 | viewed 4,704 times

  Austria’s OMV is buying the 25-percent stake of Germany’s Uniper in Russian gas field Yuzhno-Russkoye in western Siberia for US$1.85 billion in a deal that…

• Fund Managers Value Aramco Below $1.5 Trillion

  Published 06 March 2017 | viewed 11,009 times

  International fund managers and institutional investors largely expect Saudi Aramco to be valued at up to USD$1.5 trillion in the IPO expected next year, according…

• Is A Second OPEC Cut On The Cards?

  Published 05 March 2017 | viewed 25,219 times

  OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50…