Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Washington is working closely with partner countries on the enforcement of the latest round of sanctions against a Russian entity—Novatek’s Arctic LNG 2 project. This…
Last weekend, Saudi Arabia said it would extend its voluntary production cuts of 1 million barrels daily of crude until the end of the year.…
Researchers from the European Union’s Copernicus Climate Change Service have sounded an alarm about this year being “virtually certain” to be the hottest in 125,000…
Lower refining margins, higher oil and fuel inventory levels, and a slower-than-expected increase in air travel have combined to push down oil demand in China,…
During the latest profit season, executives from the auto industry probably surprised many by announcing revisions to their EV plans. GM gave up its production targets. Tesla's…
The Department of Energy has issued an invitation for bids for some 3 million barrels of crude that will go into the strategic petroleum reserve…
Large U.S.-based institutional investors in Big Oil have this year refused to back climate-related resolutions tabled at the companies’ general meetings. Per a Reuters report,…
The United States became the largest natural gas producer in a matter of years, also turning into one of the top three LNG exporters. Gas…
China’s Sinopec has become the latest energy major to seal a 27-year LNG supply deal with QatarEnergy, for volumes of 3 million tons annually once…
The UK government is working on legislation that would make annual oil and gas licensing rounds for the North Sea mandatory. Under the plans, a…
Saudi Arabia and Russia have confirmed they will extend their voluntary production and export cuts until the end of the year in a largely expected…
Earlier this week, reports emerged that Chevron was negotiating LNG deliveries for the European Union, looking at contract terms of 15 years. The news followed…
Last year, the U.S. federal government began talking about building supply chains for the energy transition. Many saw this as a better-late-than-never moment after China…
Crude oil prices looked set for a second weekly decline as the war premium stemming from the conflict in the Middle East continued to lose…
Russia has no immediate plans of lifting a partial ban on fuel exports introduced in September until part of the volumes that Russian refineries churn…
OPEC’s crude oil production last month remained relatively unchanged from September as modest gains among African member states were offset by lower output elsewhere, a…
It’s earnings season for the supermajors, and most of them have reported annual declines, missing analyst expectations. Despite this, however, Big Oil appears upbeat about…
Crude oil prices remained largely unchanged today after the Energy Information Administration reported an inventory build of a modest 800,000 barrels for the week to…
Crude oil prices moved higher early on Wednesday morning after dropping dramatically at the start of the week. Traders remain on edge as they await…
The war in the Middle East could push crude oil prices to $150 per barrel if it spreads across the region, the World Bank warned this week.…