EU Hopes to Reduce Energy Dependence on Russia with US Help

• Monday, 18th May 2015
• by Egypt Oil & Gas

The European Union is increasing pressure on Washington to include an energy chapter in a planned trans-Atlantic trade deal that would allow U.S. exports of natural gas and oil and reduce the bloc’s dependency on Russ...

Russia Seeks EU Support for Gas Pipeline Crossing Turkey

• Monday, 18th May 2015
• by Egypt Oil & Gas

Russian Foreign Minister Sergei Lavrov has urged the European Union to support the idea of a Moscow-backed pipeline that would bring natural gas across the Black Sea to Turkey and the rest of Europe. Speaking in Belgr...

European Union Anti-Trust Regulators Expected to File Charges Against Gazprom

• Tuesday, 21st April 2015
• by Egypt Oil & Gas

European antitrust regulators are expected on Wednesday to charge the Russian energy giant Gazprom with abusing its dominance in natural gas markets, a move that could escalate Western tensions with Moscow. Heavily re...

OPEC Draws Fine Line Between Oil Balance, Chaos

• Sunday, 10th June 2012
• by Egypt Oil & Gas

Members of the Organization of Petroleum Exporting Countries will hold their first meeting of the year next week and, following steep declines in oil prices and ahead of European Union sanctions on Iran, they should h...

EU bans Iranian oil, Tehran responds with threats

• Monday, 23rd January 2012
• by Egypt Oil & Gas

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran’s nuclear developmen...

Oil Falls to Lowest Level in Three Weeks on Plans to Delay Iranian Embargo

• Saturday, 14th January 2012
• by Egypt Oil & Gas

Oil dropped to a three-week low after two European Union officials said an embargo on Iranian crude imports may be postponed for six months. Crude fell 0.4 percent as officials said that the ban would be delayed to al...