Russian Energy Minister sees no reasons for oil production freeze at current price

No reasons are in place to contract or freeze oil production at its current price, Russian Energy Minister Alexander Novak on Friday in an interview at the St. Petersburg International Economic Forum (SPIEF).

OPEC meeting ends without deal on oil production freeze

The world's biggest oil producers have failed to reach an agreement at a meeting aimed at freezing output and reassuring markets that a recent recovery in prices could be sustained.

Around 17 countries expected at oil output freeze talks in Doha — Russian energy minister

Russia’s Energy Ministry has received preliminary information on participation of 17 countries in the meeting in Doha scheduled for April 17, the Minister Alexander Novak said Wednesday, adding that more accurate information will be available by the end of this week.

More than 150 killed in Angola yellow fever outbreak

A yellow fever epidemic has killed 158 people in Angola, with more than 50 deaths occurring last month alone, the World Health Organization officials have said.

EU, Israel discuss export of Israeli natural gas

The European Union's envoy to Israel met Wednesday with Israel's Energy Minister Yuval Steinitz to discuss possible exports of the country's newly found natural gas to Europe.

Gazprom Slashes Gas Supplies to Turkish Companies

Russia’s largest natural gas supplier has decreased supplies to Turkey because some Turkish firms have not paid the full amount they owe, Rambler News Service reported.

Russia, Saudi Arabia Agree Oil-Output Freeze

Russia and Saudi Arabia, the world's two largest crude producers, have agreed to freeze output, as long as others follow suit.

Two-thirds of Norwegian oil wealth could disappear

 If crude prices remain at current low levels, Norway could lose two-thirds of its estimated oil wealth, according to an analysis done by the country's largest business newspaper Dagens Næringsliv.

Oil prices drop below $30 as global markets slide

Oil prices have fallen below $30 a barrel, a new 12-year low, amid renewed concerns of slow growth in China - the world's second largest economy.

Oil Prices Drop Over China Weak Economic Outlook Not Middle-Eastern Crises

Global oil prices are sliding downward primarily due to a weak economic outlook in key commodity consuming countries, such as China, whereas the mounting political tensions in the Middle East are unlikely to boost the demand, experts told Sputnik Wednesday.

Oil price down again on oversupply concerns

Oil prices have been volatile again, hit by continuing oversupply, the strong dollar and weak global demand.

Kiev expects West to offer price for gas below $200 per 1,000 cubic meters — (PM)

Kiev expects its western partners to offer gas price below $200 per 1,000 cubic meters, Ukraine’s Prime Minister Arseniy Yatsenyuk said on Tuesday.

Brent oil hits 11-year low as oil extends slide on glut worries

European benchmark Brent crude slid to an 11-year low on Dec. 21 as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.

Gazprom ceases gas supplies to Ukraine until new payments

Gazprom ceases gas supplies to Naftogaz of Ukraine until new payments; Ukraine refusing to buy Russian gas creates risks for gas transit to Europe and gas supplies for the Ukrainian consumers, Gazprom Head Alexey Miller said Wednesday.

Oil prices dipped Friday in a market burdened by a persistent oversupply of crude.

At about 1300 GMT, US benchmark West Texas Intermediate (WTI) for delivery in December was trading down 37 cents at $40.17 a barrel.

El Niño worsens food security in East Africa (UN)

An estimated 32.1 million people in East Africa would need food aid by the beginning of 2016 due to El Niño phenomenon, the UN has said.

Asia to Become World Leader in Gas Demand by 2030, Outstrip US

Asian countries’ consumption of natural gas will overtake that of the United States by 2030, making Asia the world leader in the sphere, the International Energy Agency (IEA) said in its latest annual World Energy Outlook report.

Ukraine to buy Russian gas only at reasonable price — (Naftogaz)

Ukraine's national oil and gas company Naftogaz will buy Russian gas only at favorable market environment and as deemed necessary, Chief Executive Officer Andrey Kobolev said on Tuesday.

Adverse weather pushes global food prices up by 3.9 per cent in October, says UN agency

UN,  5 November 2015 – Weather-driven concerns about sugar and palm oil supplies have led to price increase of major food commodities in October, said Food and Agriculture Organization (FAO) today.

A reserve is changing a Nation's fate

At present, Egypt with its 80 million, and Greece with its 11 million inhabitants, have about the same annual gross domestic product (GDP), ie, around 235 Billion Euros.