Workers voted to down tools in a series of 24 hour and 12 hour strikes.
Read More »Iranian Sanctions Influence Oil Prices
The loss of Iran could pull millions of barrels off the market at a time when spare capacity is at a premium.
Read More »Crude Oil Futures Largely Stable as Markets Await Fresh Signals
US oil rig counts were up by two to 1.048 for the week ended July 27. according to Baker Hughes
Read More »Russia to Increase Presence in African Oil. Nuclear Projects
Russia is planning to increase its involvement in developing energy projects in Africa. during the tenth BRICS Summit in Johannesburg.
Read More »US Oil Lobbies against Sanctions on Russia
Western powers imposed sanctions in 2014 after Russia’s annexation of Crimea.
Read More »BP`s Shale Deal Signals Huge Ambitions
Big oil companies are pouring money into shale assets. scrambling for access to the best acreage in Texas.
Read More »Ukrainian PM Promises Energy Independence from Russia
The first round of talks regarding the extension of transit of Russian gas through Ukraine after 2019 took place in July.
Read More »BP`s Big Gamble with Shale Deal
The company has been underexposed to the hottest market in global oil since the sale of its U.S. shale assets in 2010.
Read More »US Sanctions Will Not Affect Russia-Iran Railway Cooperation
The contract for the production of 6.000 railcars says that the Russian side should provide the financial aspect of the project.
Read More »Gazprom`s Problem with Iran Resolved
Gazprom has invested tens of million dollars at sensitive oil and gas fields.
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