Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
A week ago, predicting where oil prices would be in six months or at the end of 2023 was relatively easy. Bar a global slowdown,…
China is building or planning to build some 366 GW in new coal generation capacity, accounting for some 68% of global planned new coal capacity…
Gunvor reported a net profit of $2.36 billion for 2022, joining other commodity trading majors and energy companies in raking in record earnings on the…
Oil prices climbed higher today, after the Energy Information Administration reported a crude oil inventory draw of 3.7 million barrels for the week to March…
Crude oil prices have so far held on to their gains from Monday despite the latest PMI reading for China, which showed a decline in…
A federal judge has dismissed a lawsuit brought against ConocoPhillips for its planned Willow oil project in Alaska by a group of environmentalist organizations. The…
When earlier this year, prices slumped following the series of bank collapses in the United States, their subsequent recovery was attributed to one factor: China.…
Hours after OPEC+ announced it would reduce its combined oil production by more than 1 million bpd, Goldman Sachs issued a revision of its oil…
OPEC+ on Sunday surprised oil markets with an announcement that it will reduce its output further, by some 1.66 million barrels daily. Reuters noted in…
Crude oil may end the week with another gain on the back of disrupted supply from Iraq. The disruption resulted from a dispute between Baghdad…
Last month, energy consultancy Wood Mackenzie came out with a warning: the world was running out of oil, but not just any oil. It was…
Last year, several U.S. banks threatened to leave the Glasgow Financial Alliance for Net Zero – a group led by former Bank of England governor Mark Carney,…
A new Chinese refinery is pushing the price of heavy crude oil higher after a prolonged period of depression. Heavy crude has traditionally traded at…
Soaring costs have caused a slowdown in oil and gas production growth in the U.S., with the outlook also worsening, the latest edition of the…
Oil prices ticked up today, after the U.S. Energy Information Administration reported a crude oil inventory draw of 7.5 million barrels for the week to…
Just days after she suggested refilling the strategic petroleum reserve could take years, Energy Secretary Jennifer Granholm has said that buying for the SPR could…
The collapse of Silicon Valley Bank and Signature Bank shook up the U.S. banking system, possibly more strongly than news reports and government officials made…
The United States and Japan have sealed a deal to cooperate on critical minerals for batteries that will see the two try and move EV…
During a visit to Algeria earlier this month, the European Union's foreign policy chief, Josep Borrell, called for closer energy cooperation between the EU and…
Copper prices are likely to hit a record high in the next 12 months, commodity trading major Trafigura has forecast, citing the rebound in China’s…