The rising U.S. shale oil production, along with efficiency improvements from the world's largest oil-producing firms and countries, will cause the price slide back to near $50 a barrel, research by investment bank J.P. Morgan shows.
The head of EMEA oil and gas equity research at J.P. Morgan, Christian Malek, told...
German authorities on Wednesday issued a final approval for a new gas pipeline from Russia, risking higher tensions with eastern neighbors fearful of European energy dependence on Moscow, Deutsche Welle reported.
The Federal Agency for Maritime Navigation and Hydrography (BSH) issued the approval after investigating the environmental and commercial impact...
Saudi Arabia and Russia are working on a long-term deal to extend their alliance on oil curbs that began in January 2017, after a crash in crude prices, Al Jazeera reports.
Saudi Arabia has led the Organization of the Petroleum Exporting Countries (OPEC) and allies outside the cartel to join...
Russian state-owned gas monopoly, Gazprom, notified Ukraine’s Naftogaz that it refuses to comply with the awards of the Stockholm Arbitration obliging them to resume this year gas supplies to Ukraine and pay the Ukrainian side a total of $2.6 billion, the Kyiv Post reported.
Referring to the outcome of the latest...
The issue of approval of Russia’s Nord Stream 2 pipeline is still sitting stalled in the European Council – the body representing the 28 national governments of the EU, with little chance of approval coming anytime soon, Forbes reports.
The pipeline is meant to bring Russian natural gas directly to Germany...
Poland’s arrest of a suspected Russian spy could derail Russia’s gas exports, Nezavisimaya Gazeta writes. The suspected spy, a Polish government official, had allegedly provided Moscow with secret data on how Warsaw planned to counter the Nord Stream 2 gas pipeline.
The man had been detained on Friday, and a court...
Russian companies should take part in tenders for the further development of gas fields in the Qatar, the Arab country’s ambassador to Russia Fahad bin Mohammed Al-Attiyah said on Sunday, according to RIA news agency.
"The fields have been developed, but there is an addition or expansion , which has...
A relative of Russian President Vladimir Putin is a candidate to join the board of Russia's state-run gas giant, The Times reported.
In a brief financial disclosure on Thursday, Gazprom, the world's largest natural gas producer, said its board would consider the issue "of M.E. Putin", without giving further details.
The possible...
CEFC’s plan to buy a stake in Russian oil company Rosneft for $9.1 billion is in doubt after the Chinese Energy conglomerate’s chairman Ye Jianming resigned from his position earlier this week.
Communications between the two parties abruptly stopped a few weeks ago, at a time when the Chinese company...
