Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Global oil stocks have already started falling, but they need to drop by another 270 million barrels so that OPEC can say that the oil…
With oil at $40 per barrel, last year Russia had a current account surplus and a small budget deficit, which points to the fact that…
Iraq’s oil exports are back in the spotlight with shipments so far in January suggesting that exports from the southern ports have dropped—a sign that…
In a bid to become one of the leading global energy trading hubs, Fujairah Oil Industry Zone in the United Arab Emirates launched on Wednesday…
Russia increased its domestic pipeline capacity by launching a gas pipeline and two oil pipelines on Wednesday. Gazprom’s Bovanenkovo-Ukhta 2 gas pipeline has the capacity…
Indonesia’s state-held energy company Pertamina plans to invest US$54 billion in upstream production by 2025, with the purpose to raise its oil, gas and geothermal…
Airbus expects to test by the end of the year a prototype of an autonomous flying car that could potentially help ease city traffic at…
The world needs to invest US$25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin…
Former shareholders of the now-defunct oil giant Yukos and Russian government lawyers began procedures on Monday for an appeal over US$50 billion that Moscow and…
Recession-struck Venezuela will send a new proposal to OPEC and non-OPEC producers to try to stabilize crude oil prices, Venezuelan President Nicolas Maduro said on…
Saudi Arabia, Kuwait and Algeria may have cut their respective production below the levels they had promised in the OPEC deal, because all three are…
Iran’s crude oil and condensate revenues are expected to reach US$41 billion in the country’s current fiscal year ending on 20 March 2017, Oil Minister…
Oil prices were down early Monday morning after Saudi Arabia signaled that OPEC was unlikely to extend the supply-cut deal beyond June, which sparked off…
The recent recovery of oil prices couldn’t have come at a better time for the world’s top oil majors that have ridden the rough oil…
Outgoing U.S. President Barack Obama issued an executive order on Friday that would lift certain trade and oil-related sanctions against Sudan in six months’ time,…
France’s energy group Engie started direct gas deliveries to Ukraine at the beginning of January, and Kiev is paying 20 percent more for the EU…
North Caspian Operating Company, the joint venture operating Kazakhstan’s giant Kashagan oil and gas project in the Caspian Sea, said on Friday that it is…
Just two weeks into the OPEC supply-cut deal and a day after Saudi Arabia signaled that it had cut more than pledged, the cartel itself…
Brazil expects to reap up to the equivalent of US$1.4 billion from three oil and gas exploration licensing rounds this year, Brazil’s Energy Minister Fernando…
ExxonMobil said on Thursday that it had found high-quality, oil-bearing sandstone reservoirs offshore Guyana in South America, close to its Liza discovery in the area.…