MOSCOW — As energy markets shrink, the same tactics that the Kremlin used to build Gazprom, the giant energy company, into a fearsome economic and political power that could restore Russian influence in the world are now backfiring, slashing both its profits and its influence.
Throughout his eight years as president of Russia, Vladimir V. Putin [...]
MOSCOW, Jan. 14 (UPI) — Russia and Ukraine Wednesday bickered over gas deliveries to Europe, in spite of international efforts to broker an accord.
More than a week into the dispute, with international monitors in place to observe gas flows, Russia’s state-run energy concern Gazprom accused Ukraine’s Naftogaz of blocking deliveries intended for Europe, Deutsche Welle [...]
LONDON (AFP) — Oil prices dropped some two dollars on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said.
The market was also weighed down by news of a possible resolution to the ongoing Russia-Ukraine gas supply crisis, they added.
Traders also tracked developments in the Middle [...]
Ukraine and Russia said the supply of natural gas to Europe was completely shut off Wednesday, but each side blamed the other for the cut-off, which comes as Europe faces a wave of freezing temperatures.
A spokesman for the Ukrainian state-run gas company, Naftogaz Ukrainy, told CNN that Russian gas giant Gazprom had turned off all [...]
Reuters
Russia accused Ukraine of stealing gas destined for the rest of Europe today, a day after cutting supplies to its neighbour in a contract dispute.
The volumes Russian export monopoly Gazprom (GAZP.MM) said Ukraine was siphoning off were small, but the accusation suggested Moscow was in no mood for compromise in a re-run of a 2006 [...]
By Nicholas Comfort
Dec. 29 (Bloomberg) — Natural-gas suppliers in Germany, Europe’s biggest energy market, expect to maintain deliveries of the heating fuel even as stockpiles fall to a seven-month low and Russia threatens to halt shipments to Ukraine.
Utilities E.ON AG and RWE AG and gas provider Wingas GmbH said customers won’t experience any disruption in [...]
MOSCOW – Russia’s state natural gas monopoly OAO Gazprom warned Saturday that a pricing dispute with Ukraine could disrupt gas supplies to Europe.
Ukraine could use its pipeline to divert Russian natural gas intended for European customers even if it fails to pay its multibillion debt to Gazprom by Jan. 1, said company spokesman Sergei Kupriyanov.
If [...]
By RENEE SCHOOF - McClatchy Newspapers
WASHINGTON — With global warming melting the Arctic’s eons-old ice at an alarming rate, shipping and oil companies are looking ahead at how to exploit the new open waters.
For the past 30 years, the summer Arctic icepack has been shrinking. In 2007, the melt reached record levels. This past summer, [...]
CARACAS - Venezuela’s state-run energy company will sign a deal with five Russian oil companies to produce and refine Venezuelan oil during a visit by the Russian leader this week, the energy minister said Sunday.
Russian President Dmitry Medvedev is due in Caracas Wednesday for a two-day visit which will coincide with the arrival of [...]
CARACAS, Venezuela – Venezuelan President Hugo Chavez met with Russian officials on Thursday to discuss bilateral agreements on everything from nuclear energy to direct flights connecting Caracas to Moscow.
Russian Deputy Prime Minister Igor Sechin headed a delegation of business leaders visiting Venezuela to discuss development plans prior to Russian President Dimitri Medvedev’s visit later this [...]
