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 [...]

Largest ever US trade mission travels to Delhi and Mumbai as nuclear supply embargo on the country is lifted
Rhys Blakely in Mumbai
The United States will enter the fray against France and Russia this week in the scramble to supply nuclear power equipment worth an estimated $150 billion to India.
The US is sending what is thought [...]

BOSTON – Citgo, the Venezuelan government’s Texas-based oil subsidiary, has suspended shipments of heating oil for poor families in the United States, citing falling oil prices and the world economic crisis, the nonprofit organization that distributes the fuel said Monday.
The controversial program gave fuel from Venezuelan President Hugo Chavez’s government to 200,000 households in 23 [...]

A consortium of governments will build a groundbreaking fusion power plant in France for a price in excess of €5 billion. After decades of discouraging setbacks, plasma physics has made jaw-dropping recent progress. Could it save the world?
Something went wrong during reactor experiment number 23,995. The fusion process started, continued for a second, but suddenly [...]

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 [...]

Secretary General of OPEC, said that more than contain oil market is big and strong output cut is needed, sending crude oil prices on world markets in question.
The president of OPEC, but here too, that the unanimous support of the reduction in Organization
Note that speculation that the State of the Organization of Petroleum Exporting Countries [...]

TOKYO (Reuters) – Oil headed lower for the first time in three days on Friday, after jumping nearly $6 in the past two days as the OPEC president called for more “severe” production cuts at its meeting next week.
By 0018 GMT (7:18 p.m. EST on Thursday evening), crude for January delivery traded down $1.15 at [...]

WASHINGTON: It is a simple transfer of immense power.
On January 20, an unobtrusive military officer carrying a small leather-bound metal briefcase will follow President George W Bush up to Capitol Hill. After the inauguration ceremony, he will accompany President Barack Obama back to the White House.
Inside the attache, known as “the football”, are the codes [...]