Charter rates soar as supertankers drafted in to solve oil glut

Charter rates: In normal times a collapse in oil prices may have seriously negative implications for…

S&P upgrade gives Putin pre-election boost, but central bank frets about oil

The Russian economy  received a welcome if qualified vote of confidence  last Friday when  S&P  Global…

Coals to Newcastle*?: Putin offers to sell LNG from Yamal to Saudi Arabia

In the latest twist in the complex and sometimes bizarre tale of Eurasian geopolitics, Russian President…

Turkstream passes milestone but Russia calls for EU guarantees

The  development  of the $6bn Turkish Stream pipeline running from Russia’s gas fields to Europe via…

Detente between Tashkent and Astana paves way for $5bn gas deal with China

Kazakhstan is to start exporting natural gas to China for the first time this month after KazTransGas…

Rosneft earmarks $8.4bn for Arctic exploration with mystery partners

Rosneft – with the help of a number of as yet unspecified partners  – is planning…

Concerns over Trump hard-line policy prompt BP to step back from Iran

Less than two months after deciding to exclude its US national CEO Bob Dudley from its attempts to…

Putin celebrates as Qatar wealth fund and Glencore buy $11bn Rosneft stake

Russian President Vladimir Putin took to the TV airways yesterday to celebrate the news that the…

Jump in prices prompts Naftogaz to turn back to Russia for gas supplies

Ukraine’s state oil and gas company Naftogaz has asked Russian energy giant Gazprom to start supplying…

Oil prices slide back as Doha talks collapse

Doha talks: The price of crude oil fell by as much as 7% in early trading…

Low oil prices opportunity as well as threat, according to PM Medvedev

Russia should take advantage of low oil prices to change the structure of its economy, Prime…

Gazprom to drop European gas prices to lowest in 22 years

European gas prices are set to drop to their lowest rate in 11 years next year…

Iranian gas to compete with Gazprom in Europe by 2030

Iranian gas: Iran could become a major supplier of natural gas to the EU by the end of…

Sechin rules out possibility of Russia joining OPEC

Rosneft CEO Igor Sechin today ruled out the possibility of Russia joining OPEC and said that…

Russian gas exports to Europe jump as prices fall

Russian gas exports to Europe jumped to an all-time high in July, its monopoly exporter Gazprom said on Monday, as European customers…

Greece to ask Moscow for gas discount and an end to fruit embargo

Greece to ask Moscow for gas discount:  Greece’s  Energy Minister Panagiotis Lafazanis  and  Syriza representative  Thanasis Petrakos…

Yemen air strikes put brake on oil price slide – for the time being

Yemen air strikes: The air strikes launched by Saudi Arabia and other GCC  countries in Yemen over…

Davos delegates told that high oil prices have spoiled Russia

Davos: High oil prices had spoiled Russia and distorted social motivation, the country’s First Deputy Prime Minister Igor…

Moody’s predicts oil prices at $80 a barrel by 2016

Moody’s predicts oil prices at $80 a barrel by 2016: The price of a barrel of oil…

Russia and Venezuela to discuss oil prices as 5% fall in GDP looms

Russia and Venezuela will discuss energy prices and the current situation on  the crude oil markets…

Rouble slumps on back of OPEC decision to maintain production levels

Rouble slumps: The rouble dropped sharply this morning after OPEC decided not to cut production levels in order…

Reduction in Russian oil production possible to combat price fall

Reduction in Russian oil production: Russian officials have begun taking a long hard look at the…

Eurasian integration boosted by falling oil prices – Commissioner

Eurasian integration: The current weakening in oil prices could have a “positive impact” on the move…

Russian oil price manipulation investigation probes energy giants

Russian Oil price manipulation: FAS, Russia’s Anti-Monopoly Service, has launched a probe against some of Russia’s largest oil and…