Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
BP and Venezuela are jointly discussing the development of a gas field in Trinidad and Tobago, which the island nation shares with Venezuela. "BP can…
Crude oil prices were set for a weekly gain of about 4% after the International Energy Agency became the latest forecaster to suggest oil demand…
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low…
Carmakers preparing new EV models in a bid to take over the European market are worried grid and charging network constraints could challenge sales. According…
A decline in construction activity in China has pressured independent refiners to start curbing diesel production. Diesel is the primary output of the so-called teapots…
The Energy Information Administration reported an estimated inventory draw of 1.5 million barrels for the week to March 8. Gasoline stocks also declined while middle distillates…
Crude oil prices today started trade with a gain after the American Petroleum Institute reported a draw in inventories and OPEC reiterated its demand growth…
Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have…
Nigeria is facing mounting opposition from neighbors and other countries to its bid for the headquarters of the Africa Energy Bank, a proposed initiative to…
The UK will need more gas-fired power plants in the future to avoid blackouts, Energy Security Secretary Claire Coutinho warned today, as older facilities get retired. The…
Investments in new oil production have been stalling since about 2014. This has led many to suggest that higher prices for longer are on the…
Europeans are not fond of the idea that their gasoline and diesel-powered cars could soon be banned, a new survey has found. Conducted among 15,000…
Chinese oil demand is back in the spotlight, exerting pressure on oil prices to start the new trading week with a loss, extending losses booked…
U.S. oil and gas companies spent a combined $250 billion in mergers and acquisitions last year. More than half of that came from just two megadeals: Exxon's…
Oil demand growth in China is about to weaken in the coming years as electric vehicle uptake and a switch from oil to LNG for…
Crude oil prices have been stuck between bearish and bullish news this week, booking a modest decline over the four days to Thursday. This could…
China’s CNOOC has announced a sizeable discovery offshore that could contain as much as 100 million tons of oil equivalent. The discovery was made in…
Supermajors had a record-shattering financial year in 2022. To the invariable chagrin of their governments, all of the big international oil companies made the most…
Exxon has filed for arbitration on the issue of its rights to first refusal to acquire the stake of Hess Corp. in the Stabroek Block…
Last weekend, OPEC and its partners, led by Russia, decided to extend their combined production cut agreement until the end of the first quarter. Nobody…