Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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…
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…