President Vladimir Putin unveiled a new Russian gas deal with China at a meeting with President Xi Jinping in Beijing on Friday, promising to increase Moscow’s far east exports at a time when Putin is at odds with European customers over Ukraine. Russia, already Beijing’s No. 3 gas supplier, has …
Read More »Nord Stream 2: Russia-Germany Gas Pipeline Becomes a Geopolitical Lever
The crisis surrounding Ukraine has been a harsh reminder to Europeans of just how dependent they are on Russian energy supplies. While the European Union weighs its options for a united and robust response to Russia if Vladimir Putin decides to invade Ukraine, the bloc is feeling a new sense …
Read More »Venezuelan Oil Price Falls to $9.90, Lowest Level in 20 Years
The price of Venezuelan oil has fallen to its lowest level in more than two decades to just $9.90 a barrel, the oil ministry said on Friday. The ministry said the price between Monday and Friday was 70.62 Chinese yuan, a level that has not been seen since 1998 when …
Read More »Total`s Chief Announces New Unit to Invest in Forests
Some environmental campaigners have reacted cautiously to the research.
Read More »OPEC Strategy still a Winner for Members
Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.
Read More »Putin: Russia. Saudi Agree to Renew Oil Output Cuts
Russia has for years been cooperating with OPEC. helping to engineer a rebound after a 2014 oil price slump.
Read More »Oil Trades Near $68 on Bigger-Than-Forecast US Inventory Draw
The Trump administration will offer 11 million barrels of crude from its reserves.
Read More »IEA: Easing Oil Supply Concerns may Only be Temporary
A rise in crude prices triggered by supply uncertainties could dampen demand for oil.
Read More »Most Major Asian Markets Rose but Trade Fears Keep Dealers at Bay
Iran'.s leaders have dismissed Trump'.s offer of talks. saying the US was carrying out ".psychological warfare"..
Read More »Europe`s Energy Giants Earn Benefits of Oil Price Surge
The rise in the price of crude is obviously very good news for oil companies.
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