Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Last week, OPEC+ decided to keep current oil production cuts in effect until the end of the year. The announcement was anything but surprising, and…
Crude oil prices were set to record their sharpest weekly decline since March, pressured by demand concerns despite OPEC+’s decision to continue constraining supply. Since…
Exxon is in talks to acquire Pioneer Natural Resources in a deal that could be worth up to $60 billion, the Wall Street Journal has…
Oil demand growth will peak soon, pushing prices lower, Rystad Energy has forecast, seeing Brent crude fall to some $60 per barrel in 2027. "Demand…
Last year, during the gas crunch in Europe, commodity traders made billions on the heightened price volatility that ruled for most of the year. Trafigura made…
The U.S. shale oil industry is in a wait-and-see mode and likely to remain there for the foreseeable future despite rising oil prices on international…
A study commissioned by a low-carbon investment company has claimed Europe can wean itself off oil, gas, and coal and go full wind and solar…
Crude oil prices continued to move lower despite the Energy Information Administration report that inventories had shed 2.2 million barrels in the week to September…
Crude oil prices dipped in mid-morning trade in Asia earlier today as the market awaits the ministerial meeting of OPEC+ where the officials will discuss…
The energy transition as it is currently being pursued threatens to boost public debt significantly, the International Monetary Fund has warned in a new report.…
Earlier this month, the Dallas Fed reported that the local oil industry was getting more upbeat about the future, expecting higher prices and expanding production. In fact,…
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand…
The UK government has designated a project for the import of electricity produced from wind and solar in Morocco one of “national significance”. The designation…
Despite a sharp drop on Thursday, oil prices are set for another weekly gain as well as a monthly one driven by tight supply coupled…
Oil and gas production in the U.S. expanded at a faster pace during the third quarter of the year despite still rising costs, the latest…
Two years ago, in May 2021, the International Energy Agency published what many saw as a landmark report about the progress of the transition to net zero.…
Crude oil prices moved higher today after the Energy Information Administration reported a crude oil inventory draw of 2.2 million barrels for the week to…
The chief executive of Goldman Sachs has refused to yield to pressure from climate activists calling for the bank to stop financing oil and gas…
The Canada Energy Regulator has approved a plan by Trans Mountain Corporation to alter the route of the expanded pipeline that carries crude from Alberta…
Emmanuel Macron has announced a plan to reduce the dependence of France on oil, gas, and coal and reduce national emissions by 55% from 1990…