Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
News about deflation in China and a crude oil inventory build in the United States have added downward pressure to oil prices, but bullish sentiment…
Woodside Energy and Chevron have initiated talks with trade unions at their Australian LNG projects in a bid to avoid industrial action that could affect…
Back in June, the chief executive of Danish wind turbine major Ørsted said the British government needed to provide more financial support for the wind…
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an estimated inventory build of 5.9 million barrels for the week to August 4.…
The Canadian government is considering the sale of a stake in the troubled Trans Mountain pipeline project to Indigenous communities. Per a report by Bloomberg,…
The oil industry, including companies BP, Shell, and TotalEnergies, was the industry that suffered the greatest financial losses from leaving Russia, an analysis by the Financial Times…
LNG Japan is set to buy a 10% interest in the Scarborough natural gas project operated by Australia’s Woodside Energy. The Japanese company will pay…
A surge in U.S. crude oil exports is changing the face of the global market and how oil is priced, with the price of U.S.…
Crude oil prices inched lower on Monday but remained elevated following a six-week winning streak. Supply concerns spiked when Ukrainian forces attacked two Russian oil…
It’s been a wild week for oil prices. First soaring on news of the biggest U.S. inventory draw in years, benchmarks later slumped just as…
Crude oil prices were set for yet another weekly gain after Saudi Arabia said it would extend its voluntary production cuts of 1 million bpd into September.…
These past two weeks saw yet another strong quarterly showing for Big Oil despite substantial declines in earnings, following the trajectory of oil pieces since…
Earlier this week, media reported that oil production from the members of OPEC had fallen to the lowest since 2021—or 2020, depending on the source—thanks to voluntary…
WTI crude futures didn't move higher today after the Energy Information Administration confirmed the substantial inventory draw estimated by the American Petroleum Institute on Tuesday.…
The Department of Energy has canceled its offer for the purchase of 6 million barrels for the strategic petroleum reserve amid the latest surge in…
OPEC is producing less oil thanks to the Saudi voluntary cuts and a suspension of crude oil loadings at Nigeria’s Forcados terminal due to a…
Pakistan has dropped plans to procure LNG cargos for next year after its tender only attracted two offers that featured a 30% premium to market…
Last year, Big Oil made record profits that got stuck in the throats of governments, activist organizations, and international bodies such as the UN and…
Low-carbon energy investment firm Capital Energy has put up some 4.3 GW worth of assets under construction for sale, Reuters has reported, citing sale-related documents.…
Saudi Arabia is making a foray into copper and nickel mining with the acquisition of a stake in Vale’s base metal business. In a $3.4-billion…