Russia has been holding active, "unprecedented" consultations with the Organization of Petroleum Exporting Countries, a senior official said on Wednesday, a clear signal of Moscow's strive for higher oil prices.
Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signaling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran.
Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said.
Ukraine has asked for 1 bcm of gas imports from Russia in April, trebling the amount it received in March, Russian Energy Minister Alexander Novak said on Saturday.
OAO Gazprom, the world’s biggest natural gas producer, said its 2014 earnings used to calculate dividends fell 70 percent because of a foreign currency loss.
A senior Iranian nuclear negotiator categorically rejected an AP report on the transfer of Iran's enriched uranium stockpile to Russia under an imminent deal between Tehran and the six world powers.
Ukraine's president fired powerful tycoon Ihor Kolomoisky as a regional governor on Wednesday in a risky move that could affect the internal balance of power and Kiev's fight against Moscow-backed separatists.
International Gas Union (IGU) has said that they are advising European Union to diversify its sources of gas supply to secure its energy demand as tensions with Russia, which is one of the main suppliers of gas to Eu ...