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Latest articles from Irina

• Iran To Boost Oil Exports To China Further In August

  Published 03 August 2017 | viewed 7,545 times

  Iran’s crude oil exports to China could hit an 11-month high this month, according to sources who spoke to Reuters. But overall, Iran’s total oil…

• Indonesia Asks Chevron, Conoco to Consider Extending Oil Licenses

  Published 03 August 2017 | viewed 6,476 times

  The Indonesian government has approached Chevron and Conoco with an offer to consider extending their licenses, which expire in a few years, as part of…

• As Oil Prices Rise, Are Oil Bulls Too Optimistic?

  Published 02 August 2017 | viewed 10,056 times

  Optimism, at first tentative and in the last week more pronounced, has been taking over oil markets. Short positions on WTI were at a three-month…

• Special Rules Won’t Fly For Aramco IPO

  Published 02 August 2017 | viewed 5,891 times

  The UK Institute of Directors has criticized the Financial Conduct Authority’s proposal to amend listing rules that would accommodate Saudi Arabia’s oil giant Aramco, which is planning…

• Syncrude Restart Pressures Local Grade Oil Prices

  Published 02 August 2017 | viewed 8,311 times

  Suncor’s announcement that its Syncrude oil sands processing facility will return to normal operation this week pressured the prices of Western Canadian Select and Bakken…

• Oil Prices Slip Despite Modest Draw In Crude Inventories

  Published 02 August 2017 | viewed 13,338 times

  After a week-long rally that eventually saw Brent and WTI both jump the US$50 barrier for the first time in a month, this week produced…

• Did Google Just Tackle The Biggest Problem In Energy?

  Published 01 August 2017 | viewed 32,585 times

  Any news about energy storage advancement is bound to make a splash. After all, storage is the main stumbling block for renewable energy—data from Bloomberg…

• Oil Prices Slip As OPEC Oil Exports Creep Higher

  Published 01 August 2017 | viewed 29,448 times

  OPEC’s crude oil exports reached 26.68 million bpd last month, energy data provider Kpler said, on the back of higher shipments from Libya, Nigeria, and…

• Is The Mafia Helping ISIS Smuggle Oil Into Italy?

  Published 01 August 2017 | viewed 18,177 times

  The Italian mafia may have teamed up with the Islamic State to smuggle crude oil from the Middle East into Italy, an ongoing police investigation…

• BP Q2 Profit Slumps As Write-downs Weigh

  Published 01 August 2017 | viewed 3,700 times

  BP reported underlying profit on a replacement cost basis of US$684 million for the second quarter of the year, down from US$1.5 billion for the…

• Shale Drillers Aren’t As Safe As You May Think

  Published 31 July 2017 | viewed 12,741 times

  It’s been the main headwind for OPEC’s oil output cut deal. Rising shale oil production in the U.S. has been making headlines for almost a…

• Washington Could Suspend Oil Exports To Venezuela

  Published 31 July 2017 | viewed 12,385 times

  The U.S. government is discussing sanctions against Venezuela’s oil industry after yesterday’s Constituent Assembly election that Washington’s UN ambassador Nikki Haley called a “sham”. According…

• Riyadh Mulls Over Rising Oil Tax System

  Published 31 July 2017 | viewed 3,875 times

  Saudi Arabia is considering changing the way it taxes Aramco, the state oil giant, in a bid to boost oil revenues in case oil prices…

• Europe’s Biggest Oil Refinery Shut Down After Fire

  Published 31 July 2017 | viewed 15,747 times

  Shell’s Pernis refinery in Rotterdam, the biggest in Europe, has been partially shut down after a short circuit caused a major fire on Sunday. Deutsche…

• U.S. Shale Has Set An Example For Oil Majors

  Published 30 July 2017 | viewed 10,228 times

  It took the oil supermajors quite a while to come to terms with the new oil price realities. The blow from the 2014 price crash…

• Ecuador, Schlumberger Reach Agreement On Debt Payments

  Published 28 July 2017 | viewed 8,548 times

  Ecuador’s government has reached an agreement with Schlumberger to start repaying a debt accumulated over the last few years, according to a Reuters report. The…

• Exxon Reports Twofold Rise In Profit, But Stock Plunges

  Published 28 July 2017 | viewed 7,776 times

  Exxon reported a profit of US$3.35 billion for the second quarter of the year, up from US$1.7 billion a year earlier, thanks to better refining…

• UAE To Change Terms Of Japanese Oil Concessions

  Published 28 July 2017 | viewed 10,444 times

  Adnoc will offer Japanese energy companies that hold concessions for fields in the Emirates new terms and conditions as part of a renegotiation of the…

• Mexico To Get Its First Public Oil Company In August

  Published 27 July 2017 | viewed 5,750 times

  Vista Oil & Gas, a private company backed by Riverstone Capital, will launch its initial public offering on August 11, becoming the first public oil…

• Can Oil Ease South China Sea Tensions?

  Published 27 July 2017 | viewed 14,356 times

  A year after the Permanent Court of Arbitration ruled in favor of the Philippines in a case the country brought against neighboring China about its…