Tsvetana Paraskova

Latest articles from Tsvetana

• Pacific Coast, Florida Oppose Offshore Oil Drilling Plan

  Published 05 January 2018 | viewed 11,934 times

  The governors of California, Oregon, and Washington, as well as Florida’s Republican governor, are opposing the U.S. Department of the Interior’s plan to open more…

• Oil Price Rise Not Enough: Angola Ditches U.S. Dollar Peg

  Published 05 January 2018 | viewed 15,499 times

  To offset the decline in its foreign currency reserves, OPEC member Angola—which relies on oil for 90 percent of government revenues—is ditching its currency peg…

• China To “Deal Seriously” With Violators Of Oil Sanctions On North Korea

  Published 05 January 2018 | viewed 9,817 times

  China’s government promised on Friday to “deal seriously” with people or companies that may have violated United Nations sanctions by illicitly delivering oil to North…

• New Mexico Is Now Third-Largest U.S. Oil Producer

  Published 04 January 2018 | viewed 10,223 times

  Thanks to the booming Permian Basin, New Mexico has become the third-largest U.S. oil-producing state in September and October, outstripping Oklahoma, California, and Alaska, data…

• OPEC vs Shale: The Oil Saga Continues

  Published 04 January 2018 | viewed 27,677 times

  The continuous rise in U.S. shale production last year offset part of the OPEC–Russia production cuts and capped oil price gains. Supported by the global…

• U.S. Firms Interested In Boosting Oil, Gas Presence In Iraq

  Published 04 January 2018 | viewed 9,105 times

  U.S. companies are eager to strengthen bilateral cooperation with Iraq in all industry sectors, especially in oil and gas, the Iraqi Ministry of Oil said…

• Venezuela Is Recruiting Miners For Its Cryptocurrency

  Published 04 January 2018 | viewed 14,147 times

  Venezuela is moving ahead with plans to “overcome the financial blockade” by launching an oil-backed cryptocurrency known as Petro, and is now recruiting miners nationwide.…

• Norway Wins Lawsuit Over Arctic Oil Drilling

  Published 04 January 2018 | viewed 7,671 times

  A Norwegian court ruled on Thursday that Norway’s government had not violated the constitution in awarding drilling licenses in the Arctic, and dismissed a lawsuit…

• Gazprom Gas Exports Rise To Record High In 2017

  Published 03 January 2018 | viewed 10,092 times

  Russia’s Gazprom raised its exports by 8.1 percent annually to a record high of 193.9 billion cubic meters in 2017, the chairman of Gazprom’s management…

• Hong Kong Ship Seized By South Korea Carried Bunker Fuel

  Published 03 January 2018 | viewed 8,482 times

  The Hong Kong-flagged tanker that South Korea seized on suspicion of having transferred refined oil to North Korea was most probably carrying bunker fuel, industry…

• Saudi Oil Exports To China Hit One-Year Low

  Published 03 January 2018 | viewed 10,882 times

  Saudi Arabia’s crude oil exports en route to China in December were 20 percent lower compared to November, which would be the lowest level of…

• Dominion Energy, SCANA To Merge In $7.9B All-Stock Deal

  Published 03 January 2018 | viewed 6,932 times

  Dominion Energy and SCANA Corporation have agreed to merge in a stock-for-stock deal worth US$7.9 billion, Dominion Energy said on Wednesday. Including assumption of debt,…

• Russia Boosts 2017 Crude Oil Production To 30-Year High

  Published 02 January 2018 | viewed 22,008 times

  Despite the fact that Russia is cutting its oil production as part of OPEC and allies’ deal to restrict global oil supply, Moscow’s average daily…

• BP To Book $1.5B One-Off Charge From U.S. Tax Reform

  Published 02 January 2018 | viewed 7,223 times

  BP expects to book a one-off charge of US$1.5 billion to its Q4 2017 earnings due to the U.S. tax reform, as the new legislation…

• U.S. Shale Can’t Offset Record-Low Oil Discoveries

  Published 01 January 2018 | viewed 49,537 times

  The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil…

• Forties Pipeline To Return To Normal Rates Around New Year

  Published 01 January 2018 | viewed 10,866 times

  The Forties Pipeline in the North Sea is expected to return to normal flow rates of some 450,000 bpd around new year, the operator of…

• Higher Oil Prices Slow China’s Crude Stockpiling

  Published 31 December 2017 | viewed 24,007 times

  Taking advantage of the low oil prices, China increased its Strategic Petroleum Reserve (SPR) by almost 14 percent between June 2016 and June 2017, according…

• South Korea Seizes Hong Kong Oil Tanker

  Published 29 December 2017 | viewed 18,372 times

  South Korea has impounded a Hong Kong-registered oil tanker suspected of having secretly transferred refined oil to a North Korean vessel, thus violating United Nations…

• Venezuela To Launch Oil-Backed Petro Cryptocurrency Within Days

  Published 29 December 2017 | viewed 30,516 times

  Venezuela is getting ready to launch within days its own cryptocurrency--El Petro--which will be backed by more than 5.3 billion barrels of oil and support…

• There Aren’t Enough Truckers In Texas

  Published 28 December 2017 | viewed 33,397 times

  Permian’s production growth—the main driver of the second shale revolution as oil prices crept higher this year—may be limited not by geological or technological constraints,…