Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
The first quarter of the year turned out good for Brazil’s embattled state energy major Petrobras. The company reported a net profit of US$1.417 billion,…
OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until…
Higher international oil prices helped Saudi Arabia shrink its budget deficit by 71 percent from the first quarter of 2016 to US$6.9 billion (26 billion…
The Toronto stock exchange is still in talks with Aramco regarding the possibility of listing the shares of the Saudi energy giant on the Canadian…
While Big Oil beat analyst expectations with its first-quarter performance, Russia’s biggest player in the field, Rosneft, missed expectations, reporting US$200 million in net profits…
Russian crude oil exports to India since the start of the year have topped 1 million tons (7.3 million barrels) and will in all likelihood…
Amid increasingly stronger signals from OPEC that the production cut extension will be extended into the second half of 2017 and even beyond that, the…
The Trans Forcados pipeline, operated by Shell, may be restarted before the week’s end, according to local sources who spoke to Reuters. The Astro Perseus…
Morgan Stanley may have to revise its 2018 oil market outlook after last week benchmarks recorded the lowest price levels since last November, before OPEC…
Nigeria needs US$5.2 billion in financing from the World Bank to strengthen its power industry, the country’s Power, Works, and Housing Minister Babatunde Fashola told…
Iraq exported an average daily 3.252 million barrels of crude last month, a slight decline on the March average of 3.259 million bpd, generating US$4.6…
The production cut agreement that OPEC closed last year in a bid to improve oil prices could be extended for more than six months, Saudi…
The federal government of Nigeria has increased the budget for its amnesty program for militants from the Niger Delta almost threefold, to US$170 million (55 billion…
Oil & Gas UK has painted a grim picture for the British oil industry of what is popularly called a “Hard Brexit”, with the cost…
The wastelands around Ukraine’s Chernobyl nuclear power plant are about to begin their transformation into a large-scale solar power farm, capable of generating half the…
As many as 35 tankers with a combined capacity for 65 million barrels of crude are sitting idle in the Strait of Malacca, Malaysia, Reuters…
After passing the ever-important psychological US$50-a-barrel threshold in a downward direction earlier this week, international benchmarks continued their slide on Tuesday, with Brent crude hitting…
Ali al-Naimi, the former oil minister of Saudi Arabia, has announced the establishment of a new energy forum called the Energy Elders Forum, in an effort…
Once energy executives start waxing lyrical about an otherwise unwelcome event or development, it’s clear that this event or development has lost its destructive effect.…
Mexico’s state energy major Pemex has increased its oil output and the amount of crude it feeds into its refineries, with exports to the U.S.…