Tsvetana Paraskova

Latest articles from Tsvetana

• OPEC Won’t Compensate For ‘Small’ Supply Outages

  Published 08 January 2018 | viewed 11,585 times

  OPEC is closely following the protests in Iran and the economic struggles of Venezuela, but the cartel will not intervene in the market by ramping…

• Kuwait Energy In Talks To Merge With London-Listed Firm

  Published 08 January 2018 | viewed 6,344 times

  After failing to complete an initial public offering in London last year, independent oil and gas company Kuwait Energy may find a way to get…

• Is An Oil Price Correction Overdue?

  Published 08 January 2018 | viewed 29,430 times

  Oil prices rallied in the first week of 2018, supported by increased geopolitical risk and severely cold weather in the eastern U.S., but the ‘perfect…

• Low Cost Renewables Are Creating A New Middle East

  Published 07 January 2018 | viewed 23,413 times

  Various countries in the world’s most oil-dependent region, the Middle East, have started to look above ground for generating energy to diversify away from their…

• Libya Triples Oil Revenues In 2017 As Production Recovers

  Published 05 January 2018 | viewed 22,101 times

  Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million…

• Pacific Coast, Florida Oppose Offshore Oil Drilling Plan

  Published 05 January 2018 | viewed 11,936 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 15,502 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 10,225 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 27,684 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 14,152 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 7,673 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 10,095 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 8,484 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 10,884 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 22,014 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 49,545 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…