Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
OPEC and non-OPEC producers part of the production cut deal are committed to drawing the global crude oil inventories down to their five-year average, Saudi…
While OPEC made the hard decision to extend the oil production cut to the end of March 2018, offshore drillers were busy cutting costs to…
President Donald Trump has decided to withdraw the U.S. from the Paris climate accord, and is telling people close to him that the U.S. will…
Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration…
Following an initial public offering that raised US$1.3 billion (C$1.75 billion), Kinder Morgan Canada’s restricted voting shares start trading on the Toronto Stock Exchange on…
Iraq’s oil ministry has authorized the construction of a refinery in Kirkuk in the semi-autonomous region of Kurdistan that would cost US$5 billion, Kurdish media…
Higher oil prices and higher sales volumes helped Russia’s second-biggest oil producer Lukoil to post a 45.5 percent annual jump in net profit for the…
Japan’s biggest exploration and production company, Inpex, will consider bidding in the tender to develop Iran’s Azadegan oil field, in which the Japanese corporation had…
The oil price crash battered the 2016 earnings of energy firms, but the usual suspects are still there in the rankings of the biggest oil…
Greece will start opening new onshore oil and gas blocks for exploration in 2018, the head of the Hellenic Hydrocarbons Resources Management (HHRM), Yannis Bassias,…
European imports of U.S. LNG could significantly cut into Gazprom’s dominance on the European gas market, Poland’s minister in charge of strategic energy infrastructure Piotr…
Iran has launched the tender for the development of the Azadegan oil field in the country’s southwest, and has already invited international oil companies to…
Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime…
Chinese independent refiners, the so-called ‘teapots’, are expected to import less crude at least until August, as high inventories, changing import quota policies, and stricter…
Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of…
Iran expects around US$50 billion worth of oil contracts to launch their operational phases next year, according to Fardad Daliri, director of investment at the…
In a bid to increase federal income, President Trump’s FY2018 budget plan proposes to stop sharing revenue payments from Gulf Coast offshore oil and gas…
Intesa Sanpaolo, Italy’s largest bank by market capitalization, has started the process to syndicate the US$5.8 billion (5.2 billion euro) loan it had extended to…
Iran’s current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted…
“Texas shale producers forced OPEC this morning to extend its oil production cuts for 9 months,” Texas Railroad Commissioner Ryan Sitton said on Twitter on Thursday,…