Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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…
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…
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 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…
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…
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 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…
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 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…
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…
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 globally declined by a third in the first quarter of the year, an unnamed source from OPEC told Reuters. The statement supports…
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…
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…
The Power of Siberia gas pipeline that will carry Russian natural gas to China is moving ahead of schedule, with 720 km of the 3,000-km…
The average gasoline tax in the U.S. is 49.5 cents per gallon, according to data from the American Petroleum Institute. That’s not too bad as far…
Donald Trump and Xi Jinping have agreed that China will increase the imports of U.S. natural gas along with other products such as agricultural goods.…
Yesterday, private-equity backed UK-based firm Neptune struck a deal to buy the North Sea gas assets of French Engie along with other operations for US$3.9…
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…