Tsvetana Paraskova

Latest articles from Tsvetana

• China’s Oil Output Dips To 5-Year Low As Crude Prices Bite

  Published 12 August 2016 | viewed 9,185 times

  China’s crude oil production dived 8.1 percent annually in July 2016, reaching the lowest daily output since October 2011, as domestic oil companies cut investments…

• IEA Sees Oil Demand Slowdown Harming Oil Price Rebound

  Published 11 August 2016 | viewed 10,069 times

  The International Energy Agency (IEA) revised down on Thursday its 2017 forecast for world oil demand growth amid a dimmer outlook on the global economy,…

• Iraq’s Deal With Oil Majors Could Crush OPEC’s Output Freeze Plans

  Published 11 August 2016 | viewed 21,028 times

  Iraq and oil majors BP (NYSE:BP), Shell (NYSE:RDS.A) and Lukoil have agreed to resume investments in oil fields the foreign groups are developing, which is…

• Did OPEC Just Issue A Warning For Oil Prices In 2017?

  Published 10 August 2016 | viewed 77,351 times

  OPEC upgraded on Wednesday its 2016 projections for world oil demand growth to 1.22 million barrels a day (mb/d), up by 30,000 b/d from its…

• Militants Blow Up Oil Well in Iraq’s Northern Kirkuk Province

  Published 10 August 2016 | viewed 15,538 times

  A group of gunmen blew up a bomb at the Bai Hassan oil field in Iraq’s northern province of Kirkuk on Wednesday, China’s news agency…

• A First: U.S. Special Ops On-Ground in Libya

  Published 10 August 2016 | viewed 7,745 times

  For the first time, elite U.S. Special Operations troops are directly helping fighters combat against ISIS in Libya with on-site support, The Washington Post reported…

• Nigerian Militants Kill Three Soldiers in Oil-Rich Bayelsa State

  Published 09 August 2016 | viewed 5,763 times

  In the latest deadly attack in the restive Niger Delta, militants have killed three soldiers in an ambush in one of Nigeria’s oil state, Bayelsa,…

• Chevron Vindicated On $9.5B lawsuit by Ecuador… Again

  Published 09 August 2016 | viewed 6,699 times

  A U.S. appeals court blocked on Monday the enforcement of a US$9.5-billion judgment against Chevron Corporation (NYSE:CVX), upholding a lower court ruling that had found…

• The Consequences Of Big Oil’s Exploding Debt

  Published 08 August 2016 | viewed 27,859 times

  How do you ride out low oil prices and still pay dividends and CEO salaries? You double down on debt, apparently. All oil majors posted…

• Product Glut Sees Chinese Crude Oil Imports Fall To Six-Month Low

  Published 08 August 2016 | viewed 20,499 times

  China’s crude imports stood at about 7.35 million barrels a day in July, the slowest import trend since January, Bloomberg reported on Monday, citing figures…

• Russia Dismisses OPEC Rumors, But Is Ready To Talk

  Published 08 August 2016 | viewed 14,625 times

  Right now Russia sees no grounds for resuming talks to put a freeze on crude production, but is open to join discussions if OPEC members…

• Decades-old $1.2B Back Bill for Iranian Oil Comes Back to Haunt Israel

  Published 08 August 2016 | viewed 9,571 times

  An arbitration court has ordered Israeli-held Trans-Asiatic Oil (TAO) to pay US$1.2 billion to Iran for oil that the National Iranian Oil Company (NIOC) had…

• Bankrupt Peabody Energy Seeks Approval To Pay $12M in Bonuses

  Published 05 August 2016 | viewed 19,982 times

  Coal miner Peabody Energy Corp, which filed for Chapter 11 bankruptcy protection in April, asked a bankruptcy court on Wednesday to let it pay up…

• Offshore Oil & Gas To Invest $800B Through 2025, Brazil Leads The Capex Splurge

  Published 05 August 2016 | viewed 12,363 times

  The offshore oil and gas industry is expected to invest more than US$800 billion in 200-plus major upstream oil and gas projects slated to come…

• Apache Falls Short of Analyst Expectations with $244M Loss

  Published 05 August 2016 | viewed 5,395 times

  Apache Corporation (NYSE:APA) reported on Thursday a second-quarter net loss, dropping to US$244 million from US$860 million for the same period of 2015, but still…

• North Sea Offshore Workers Stage Fresh Strike Over Pay Cuts

  Published 04 August 2016 | viewed 5,732 times

  Hundreds of workers on Royal Dutch Shell (NYSE:RDS.A) platforms in the North Sea began a new 48-hour strike on Thursday to protest against pay cuts…

• Marathon Oil Posts $170M Loss, But Beats Expectations

  Published 04 August 2016 | viewed 4,792 times

  Marathon Oil Corporation (NYSE:MRO) reported on Wednesday a net loss of US$170 million for the second quarter, more than halving its US$386-million loss for the…

• Tesla Misses Estimates (By A Mile) But Affirms Delivery Targets

  Published 04 August 2016 | viewed 4,228 times

  Tesla (NASDAQ:TSLA) reported on Wednesday a wider-than-expected loss for the second quarter, but reiterated its focus on car deliveries and for full-year capital expenditure to…

• Energy Transfer, Sunoco Sell Stake in Bakken Pipeline Project for $2B

  Published 03 August 2016 | viewed 13,888 times

  Energy Transfer Partners (NYSE:ETP) and Sunoco Logistics Partners (NYSE:SXL) said on Tuesday they had agreed to sell 36.75 percent in the Bakken Pipeline Project to…

• Devon Posts $1.57B Loss But Beats Expectations

  Published 03 August 2016 | viewed 4,817 times

  Devon Energy Corp posted a net loss of US$1.57 billion for the second quarter, lower than the US$2.8-bilion loss for the same period last year,…