Tsvetana Paraskova

Latest articles from Tsvetana

• New Saudi Railway Expected To Reduce Dependence On Crude Oil

  Published 18 September 2017 | viewed 8,491 times

  Saudi Arabia plans to soon issue contract tenders for a 1,000-mile railway between the Red Sea and the Persian Gulf, and to extend links to…

• Will Low Oil Prices End Saudi Arabia’s Gas Subsidies?

  Published 18 September 2017 | viewed 15,528 times

  Although Saudi Arabia has managed to narrow its budget deficit, the Kingdom continues to feel the fiscal pressure of low oil prices, and is mulling…

• Nigerian Workers Stop Oil Product Loading As Union Goes On Strike

  Published 18 September 2017 | viewed 7,897 times

  Oil workers in Nigeria stopped on Monday the loading of oil products, natural gas, and aviation fuel as the Nigeria Union of Petroleum and Natural…

• Mexico’s 2018 Election Could Derail Its Oil Boom

  Published 17 September 2017 | viewed 17,806 times

  Three years ago, Mexico opened its energy sector to private investments in a landmark energy reform that ended more than seven decades of monopoly of…

• Harvey Brings In First Drop In U.S. Industrial Output Since January

  Published 15 September 2017 | viewed 5,834 times

  After six consecutive monthly gains, U.S. industrial production fell by 0.9 percent in August as Hurricane Harvey hit Gulf Coast refining, chemicals, and plastics materials…

• Oil Spill Threatens Athens Beaches

  Published 15 September 2017 | viewed 8,440 times

  Greek authorities continued to struggle on Friday to clean up an oil spill that occurred last Sunday when an oil tanker sank near the country’s…

• U.S. Diesel, Heating Oil Inventories At Historical Low

  Published 15 September 2017 | viewed 11,734 times

  Even before Hurricane Harvey shut down more than 20 percent of U.S. refining capacity, U.S. diesel, jet fuel, and heating oil stocks had dropped during…

• Hurricane Harvey Oil, Chemical Spills Top 22,000 Barrels

  Published 15 September 2017 | viewed 8,630 times

  In the aftermath of Hurricane Harvey, more than 22,000 barrels of crude oil, refined products, and chemicals spilled at various sites in Texas, according to…

• Brazil’s Pre-Salt Areas Attract 17 Major Oil Bidders

  Published 14 September 2017 | viewed 7,808 times

  As many as 17 companies have registered to bid next month in two rounds of exploration license awards in Brazil’s pre-salt layer, Brazilian Oil and…

• Does Russia Really Need The OPEC Deal?

  Published 14 September 2017 | viewed 15,662 times

  OPEC and Russia are coordinating the first joint OPEC/non-OPEC deal to curb oil output since 2001, but the apparent unity in the face of lower-for-longer…

• Alberta Banking On An Oil Sands Boom

  Published 14 September 2017 | viewed 29,048 times

  Alberta Premier Rachel Notley cut the ribbon that marked the official opening of an oil sands expansion project near Fort McMurray on Wednesday. The new…

• Demand For Angola’s Oil In Asia Increases

  Published 14 September 2017 | viewed 6,145 times

  Japan’s biggest refiner has just imported two of Angola’s crude grades for the first time in three years in a move that non-traditional buyers of…

• WTI Breaks $50 As Bullish Sentiment Builds

  Published 14 September 2017 | viewed 12,951 times

  Buoyed by strong global oil demand growth and reduced OPEC supply, U.S. benchmark WTI jumped above the psychologically important US$50 threshold on Thursday, topping that…

• Mexico’s 2018 Oil Hedge Edges Higher

  Published 13 September 2017 | viewed 5,854 times

  Mexico’s oil hedge program for next year will be marginally higher than this year’s hedge, partially due to the liberalization of the gasoline prices, Mexican…

• Strongest Demand Growth In 2 Years Boosts Oil Prices

  Published 13 September 2017 | viewed 18,157 times

  Oil prices rose on Wednesday after the International Energy Agency (IEA) said earlier today that oil demand growth continues to be solid and that global…

• Shell Looks To Exit Iraq’s Majnoon Oil Field

  Published 13 September 2017 | viewed 9,138 times

  Shell has decided to sell its interest in Iraq’s Majnoon oil field after the oil major and Iraq failed to agree on future production plans…

• The $10 Trillion Resource North Korea Can't Tap

  Published 12 September 2017 | viewed 50,737 times

  North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare…

• New Gas Discovery Offshore Cyprus Not Commercially Viable

  Published 12 September 2017 | viewed 12,924 times

  Eni and Total have discovered gas while drilling in Cyprus waters close to the giant Zohr gas field discovery offshore Egypt, but the estimated quantity…

• Nigeria Defies Calls To Curb Crude Oil Output

  Published 12 September 2017 | viewed 7,174 times

  Although it faces mounting pressure to join OPEC’s production cuts, exempt producer Nigeria will resist any attempt to cut its oil output because it needs…

• Shell Targets Alternative Fuel Stations

  Published 12 September 2017 | viewed 5,348 times

  Shell—one of the oil majors that is increasingly betting on natural gas and low-carbon fuels—is targeting 20 percent of its global fuel station sales to…