Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Global investments in the energy transition would need to increase to $3.5 trillion per year if the world is to become a net-zero place by…
Last week, oil prices booked their worst week since the start of the year, dropping off a cliff on renewed fears about the global economy…
OPEC’s Secretary General Haitham Al Ghais and Iraq’s Prime Minister met over the weekend and called for coordinated action among oil exporters globally in order…
Crude oil prices began yet another week with a loss despite strong signals that central banks are stepping in to help troubled lenders in the…
“We know that the transition will not be a straight line. Different countries and industries will move at different speeds, and oil and gas will…
Crude oil prices are about to end their worst week since the start of the year as news from the banking industry ignited fears of…
The Biden administration will not rush into refilling the strategic petroleum reserve but rather take things one day at a time, the White House’s Special…
In 2021, India's refining giant Reliance Industries announced plans to move most of its oil-trading staff from Mumbai to Dubai. In 2022, Swiss-based Litasco, the…
Crude oil prices were on the rise Thursday after booking substantial losses earlier in the week following two bank collapses in the United States that…
Berkshire Hathaway, the investment vehicle of Warren Buffett, has bought another batch of shares in Occidental Petroleum, pushing its total stake to 23.1 percent. Citing…
Last year, the United States leapfrogged Qatar and Australia to become the world's largest exporter of liquefied natural gas. This was made possible thanks to…
Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the week to March…
The NOPEC bill, which was recently reintroduced in Congress by a group of legislators, and price caps on oil will only serve to increase instability…
Last Friday, the banking regulator of California shut down Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as receiver of its assets. The…
The European Union will overhaul its electricity market in a way that encourages the development of more wind and solar installations and discourages more fossil…
The Biden administration is set to give its final approval to the Willow oil project in Alaska but will also announce drilling limitations by curbing…
Saudi Aramco reported a net profit of $161.1 billion for 2022, up from $110 billion a year earlier and a record net earnings result for…
Exxon is considering a change of strategy for Europe because of the windfall taxes governments are using to get some of the money Big Oil…
Fears of a slowdown in the U.S. economy have pressured crude oil prices, setting them for what could end up being their worst weekly performance…
Earlier this month, the Energy Information Administration forecasted that oil production in the United States would grow by 590,000 bpd to a total of 12.44…