Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
The balance of powers in the world of oil has shifted away from OPEC and towards the Americas, particularly the United States. This is what…
Optimism about crude oil demand in the coming weeks has helped prices to recover somewhat, but the sustainability of the improvement is highly uncertain. Bank…
Crude oil prices could jump to US$60 a barrel by this year’s end thanks to growing demand and lower OPEC supply, according to Citigroup’s senior…
Indian Oil Corp. will take delivery of more than a million barrels of U.S. heavy crude in October—the first U.S. crude oil purchase by an…
No further oil output cuts are on the agenda for the July meeting of the ministerial committee set up to monitor compliance with the OPEC-non-OPEC…
Arctic drilling may become unprofitable for Norway if oil prices continue to fall, says a new report looking into the best and worst scenarios for…
Oil is increasingly losing relevance in the performance of emerging market assets including, equities—and now, bonds and currencies. What’s more, the technology sector is apparently…
Mexico is planning to hold four more oil and gas block tenders by November 2018 as part of efforts to ensure the sustainability of its…
Back in March, Elon Musk made a bet: he said that Tesla could install an energy storage system in Australia that would help prevent blackouts…
Crude oil production at the giant Libra field in the pre-salt layer of Brazil’s shelf will start later than initially planned due to problems with…
The Environmental Protection Agency has proposed a reduction in the amount of biofuels required to be added to gasoline, Reuters reports, in what could be…
Amid a fresh wave of pessimism on oil markets following faster than expected oil output growth in Libya and reports that Russia will oppose any…
The U.S. Strategic Petroleum Reserve is at a 12-year low after the Department of Energy made deliveries of volumes sold earlier this year, Bloomberg reported.…
It looks like every carmaker is splashing heavily on self-driving cars, but there’s one challenge they may have not considered until now: kangaroos. The technical…
Russia will oppose any attempts to deepen the oil production cuts currently in effect in OPEC and 11 other oil producers, according to four government…
Vietnam has allowed a drillship in a contested part of the South China Sea, according to an industry consultant who spoke to the BBC. The drillship,…
Keystone XL may have become obsolete before it was even built, at least according to some sources close to TransCanada, which has gone on a…
Saudi Arabia, Bahrain, Egypt, and the UAE have given Qatar 48 more hours to submit to a list of demands presented to the emirate ten…
Statoil has struck crude oil in the Kolje formation in the Barents Sea, near the Johan Castberg field, the company announced. Recoverable reserves at the…
An Indian consortium led by ONGC Videsh has offered Tehran US$11 billion in investments into the Farzad-B natural gas field on the condition that the…