Crude oil prices hiked to fresh nine-month highs on Friday on continuous worries that a rebellion in Iraq could cut oil exports from the second-biggest OPEC producer.
read more... 16/06/2014
Russia's Gazprom has postponed a deadline for Ukraine to begin paying in advance for natural gas supplies to next Monday, since EU-brokered negotiations persist over the price, as stated by the gas firm's chief executive, Alexei Miller.
read more... 11/06/2014
Russia, Ukraine and the European Commission negotiated eight hours on Tuesday without reaching an agreement on working out a gas pricing dispute, increasing the risk of halt in supply.
read more... 10/06/2014
Bulgaria has not renounced the intention to construct the South Stream pipeline to supply Europe with Russian gas and considers that the project managed by Gazprom will be finished once problems over its structure are fixed, as stated by Energy Minister Dragomir Stoynev on Monday.
read more... 10/06/2014
A bill proposed by U.S. Senator Edward Markey on Thursday aims to reduce Ukraine's fuel reliance on Russia by improving its heating infrastructure and renewing its Soviet-era natural gas drilling potentials.
read more... 06/06/2014