Irina Slav

Latest articles from Irina

• OPEC Thinks Deeper Cuts Might Not Be Required

  Published 22 May 2017 | viewed 14,921 times

  The addition of another couple of smaller producers to the OPEC-non-OPEC oil production cut deal will be enough to bring global supply to a more…

• GE Strikes Deals Worth $15B In Saudi Arabia

  Published 22 May 2017 | viewed 9,237 times

  GE has closed preliminary agreements with Riyadh on a number of projects worth a collective US$15 billion, the company said. GE’s Vice Chairman John Rice…

• Frac Sand Fraud Could Lead To 180-Year Prison For Texas Senator

  Published 21 May 2017 | viewed 20,142 times

  Ponzi schemes are an enduring kind of fraud, one of whose many attractions for people looking to make money on other people’s backs is that…

• Iraq Starts Paying Off $1 Billion Power Debt To Iran

  Published 19 May 2017 | viewed 8,204 times

  Iraq has made a US$300-million payment to Iran under a power export agreement, according to Azeri news media Trend, quoting Iran’s Deputy Energy Minister Houshang Falahatian.…

• Colombia’s Oil Reserves Shrink

  Published 19 May 2017 | viewed 10,015 times

  Colombia’s crude oil reserves declined by 16.8 percent last year, according to the country’s natural resources ministry, but things are changing this year and more…

• Oil Prices Rise As OPEC Discusses Deeper Output Cuts

  Published 19 May 2017 | viewed 23,075 times

  OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news…

• Investors Unimpressed By String Of Oilfield Services IPO’s

  Published 18 May 2017 | viewed 12,280 times

  The number of initial public offerings in the oilfield service sector has so far this year overtaken exploration and production listings by a wide margin, signaling…

• From Oil To Arms: Saudis Move Away From Crude

  Published 18 May 2017 | viewed 18,160 times

  The sovereign wealth fund of Saudi Arabia has set up a defense business as part of its efforts to reduce the Kingdom’s dependence on crude…

• Petrobras May Pay First Dividend In 3 Years

  Published 18 May 2017 | viewed 5,102 times

  Brazil’s state energy major Petrobras last distributed a dividend in April 2014. This year could mark the return of the payouts as the company eyes…

• Algeria Headed For Unrest As Oil Subsidies Set To End

  Published 18 May 2017 | viewed 8,449 times

  Algeria is planning to reduce oil subsidies further as a way of cutting public spending amid consistently low oil prices, the North African country’s Finance…

• Iraq Emerges As India’s Top Oil Supplier

  Published 17 May 2017 | viewed 6,379 times

  India imported more than 1 million bpd from Iraq last month, which made OPEC’s second-largest producer the top crude supplier to the Asian economy, data from…

• Oil Prices Edge Higher As U.S. Oil Inventories Fall Again

  Published 17 May 2017 | viewed 26,712 times

  Amid fresh hopes that the extension of the OPEC production cut deal might actually do the trick, the Energy Information Administration reported a fresh draw…

• Tullow Strikes More Oil In Kenya

  Published 17 May 2017 | viewed 10,892 times

  Tullow Oil has announced a find in the Emekuya-1 oil well in the South Lokichar basin in the northwestern part of the country. The exploration well…

• Trump-Xi Deal Could Fuel A U.S. LNG Boom

  Published 16 May 2017 | viewed 23,090 times

  When President Trump came into office, he openly resented the major trade deficit with Asia’s number-two economy and vowed to remedy the situation. While his…

• Global Oil Supplies Inch Down In April: IEA

  Published 16 May 2017 | viewed 9,697 times

  Global crude oil supply inched down by 140,000 barrels daily last month, to 96.17 million bpd, the International Energy Agency said in the latest edition of…

• OPEC Export Revenues Down 15% In 2016

  Published 16 May 2017 | viewed 5,934 times

  The Energy Information Administration has estimated that the oil export revenues of OPEC members last year declined by 15 percent on 2015 to US$433 billion, on…

• Russian Oil Companies Won’t Receive Compensation For Cut Extension

  Published 16 May 2017 | viewed 6,805 times

  Russia’s oil companies that are taking part in the OPEC-led production cut effort will not receive any compensation for the reduced output, Energy Minister Alexander…

• Floating Oil Storage Down By A Third: OPEC Source

  Published 15 May 2017 | viewed 15,454 times

  Floating oil storage globally declined by a third in the first quarter of the year, an unnamed source from OPEC told Reuters. The statement supports…

• Libyan Oil Output Tops 800,000 Bpd

  Published 15 May 2017 | viewed 8,677 times

  Ahead of the OPEC meeting on May 25 when the cartel will officially announce an output cut extension into 2018, Libya reported its daily crude…

• Oil Jumps As Saudis And Russians Agree To Extend OPEC Deal Into 2018

  Published 15 May 2017 | viewed 18,902 times

  What Saudi Arabia’s Oil Minister said in March will not happen, has happened: in a joint statement, Khalid al-Falih and his Russian counterpart Alexander Novak…