U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the country, once the world’s top oil importer, closer to self-sufficiency, the International Energy Agency (IEA) said on Monday.
A landmark deal in 2017 between OPEC and other oil...
As Europe grapples with extreme cold, Gazprom, the continent’s biggest natural gas supplier, is using the situation to highlight its importance.
In an emailed reply to questions by Bloomberg, Alexey Miller, the chief executive officer of the Moscow-based energy giant boasted his company’s capabilities.
“The deep freeze has shown once again...
An inter-parliamentary conference entitled "Georgia, Moldova and Ukraine: Eastern Partnership and Current Security Challenges" will be held on Friday in the Moldovan capital Chisinau, Kommersant reported.
The main participants of the conference, presumed to become a regular event, are the three countries’ parliamentary speakers. However, other high-ranking representatives will also...
Russian oil major Rosneft risks losing two key foreign partners – U.S.-based ExxonMobil has quit the offshore projects in Russia, and China’s CEFC might have lost the support of Beijing’s officials, Kommersant reports.
The founder and chairman of CEFC’s board of directors Ye Jianming was detained under suspicion of fraud,...
Ukrainian Prime Minister Volodymyr Groysman has said he hopes for a reduction in gas prices after a decision by the Arbitration Institute of the Stockholm Chamber of Commerce.
“I think that the arbitration court’s decision will help Naftogaz reduce the cost of the transit itself. I think that this will...
A woman jailed in Thailand for offering sex lessons without a work permit says she has stories to tell involving the Kremlin, Russian billionaires and even the president of the United States, Newsweek reports.
Anastasia Vashukevich, from Belarus, shot to fame in early February when Russian opposition leader Alexei Navalny...
Russian gas exporter Gazprom said on Thursday it would not restart supply to Ukraine’s Naftogaz as an additional agreement to the current deal has still not been approved, Reuters reports.
In June 2014, Gazprom and Naftogaz lodged multi-billion-dollar claims against each other with the Stockholm arbitration court, which resolves commercial disputes....
A fierce competition battle for building the first Saudi nuclear power reactors is brewing, as the United States wants in on the lucrative deal, while Russia has already applied an official tender to build the reactors, Asharq al-Awsat reports.
Saudi Arabia, which has no industrial nuclear power plants, has recently...
American oil giant Exxon Mobil cited U.S. and European sanctions against Russia in announcing that it is abandoning its joint ventures with Russian state-run oil company Rosneft, Reuters reported.
The move late on Wednesday signaled that the largest U.S. oil company is giving up on its fight against U.S. sanctions imposed...
Iraq hopes to establish cooperation in the energy sector with Russia since the war-torn Middle Eastern country is “rebuilding after a long, drawn-out struggle against terrorism”, Iraqi Foreign Minister Ibrahim al-Jaafari stated at a press conference on Wednesday.
Baghdad is open to business with any company interested in supporting the...
