Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
While many oil producers part of the OPEC/non-OPEC agreement to curb production have already stated their support to the deal extension for another nine months,…
Oil prices erased early losses to rise on Thursday afternoon after Algeria’s Energy Minister Noureddine Boutarfa said that most OPEC producers are supporting the Saudi-Russian…
Russian President Vladimir Putin and Venezuela’s President Nicolas Maduro discussed the global oil markets situation in a telephone call at Venezuela’s initiative, the Kremlin said…
China has successfully extracted gas from gas hydrates—also known as ‘fire ice’ or ‘flammable ice’—in the northern part of the South China Sea, the China…
Italy’s oil major Eni SpA and Russia’s oil giant Rosneft signed on Wednesday an agreement to cooperate in oil and gas exploration and production, as well…
In March this year, Shell said that it is proposing a Directors’ Remuneration Policy, subject to shareholder approval at the 2017 Annual General Meeting (AGM) on…
Israeli companies Delek Drilling and Avner Oil Exploration have fulfilled all conditions necessary to merge the two firms that are part of conglomerate Delek Group into…
OPEC’s no.3 producer, Iran, will likely support the Saudi-Russian proposal to extend the oil production cuts into March 2018 if all other producers are also…
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Pengassan, started on Monday a three-day nationwide strike at Chevron, Shell, and Eni’s…
The non-OPEC producers that have signed up to the production cut deal reached a compliance rate of 66 percent in April, up from 51 percent…
China North Industries Corporation, a defense conglomerate also invested in the petroleum industry, has signed a deal with Saudi Aramco to build a refinery and…
The Petroleum and Natural Gas Senior Staff Association of Nigeria, Pengassan, has told its members to withdraw their services from production facilities and offices of…
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S.…
Norway’s crude oil exports were basically flat in volume last month compared to April 2016, but the higher oil prices led to a 30-percent rise…
Amid planned maintenance at some big state refineries and decreased domestic production, China’s refinery runs in April dropped to their lowest levels since last September,…
Setbacks with test runs at Vietnam’s second oil refinery will delay its commercial start-up until 2018, compared to the expected launch in the third quarter…
Following the giant Zohr gas discovery offshore Egypt in 2015, Cyprus has boosted efforts to award drilling licenses and hopes that the geology of Zohr…
The Caspian Pipeline—which runs from the giant Tengiz oil field in Kazakhstan to a sea terminal near Novorossiysk in Russia—plans to increase its exports to…
India’s oil demand returned to growth in April, following three months of declines amid a cash crunch caused by the government’s demonetization move to tackle corruption,…
Equatorial Guinea has signed a strategic agreement with Saudi Arabia under which OPEC’s biggest producer and exporter will cooperate with the African country in the construction…