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Oil Industry Investment To Continue Decline in 2010 If Crued Oil Prices Steady
Mr Helge Lund CEO of Norwegian oil and gas producer StatoilHydro as saying that, the company expects the oil industry’s investment spending to continue to decline in 2010 if oil prices remain steady around current levels.
Rusian Natural Gas Dropped Supplied to Czechs
Ukraine and Russia blamed each other for disrupting gas flows to Europe Sunday and the reductions in supplies caused by their dispute spread to the Czech Republic and Turkey.
Gazprom : Gas Price for Belarus in 2009 to be Higher Than in 2008
The price at which Belarus will import natural gas from Russia in 2009 will be higher than in 2008 but lower than that stipulated by a contract existing between the two countries, Gazprom spokesman Sergei Kupriyanov said.
Russia’s Oil Mine Industry Faces Problems
When the price of oil reached another record on Friday, at more than $126 a barrel, analysts pointed to attacks on pipelines in Nigeria and turmoil in Venezuela and Iraq as the immediate causes.
Even small disruptions to supplies from such places can cause the price to jump, because only Saudi Arabia has the capacity to [...]
All this oil and outward journey nowhere
A combination of East-West geopolitical rivalries and haggling among former Soviet republics is delaying the construction of a series of oil and gas pipelines that could help alleviate the world’s energy-supply concerns.
Energy experts say meeting the world’s increasing energy needs in the coming decades lies in building a dozen existing and planned pipelines capable of [...]
RSX Provides U.S. Investors With Access to a Portfolio of 30 Russian Companies Traded on Global Exchanges
New York-based asset manager Van Eck Global today launched Market Vectors-Russia ETF, a new exchange-traded fund (ETF) that is listed on the New York Stock Exchange (NYSE). The fund is the first ETF listed in the U.S. that enables U.S. investors to gain exposure to a broad spectrum of Russian companies.
Australian mining company signals interest in Czech uranium mine
Australian mining company Uran Limited has signalled that it wants a role in the development of Czech state-owned uranium mine Diamo, Europe’s only functioning uranium mine amid renewed interest in nuclear power.
Uranium is used as fuel for nuclear reactors. The price of the metal has risen sharply in response to concern about the effects on [...]
Iran and Russia Learn to Dance the Natural Gas Contango
(Contango-a trading term whereby the future price of a commodity is quoted higher than the price for current delivery)
What’s worse than one bully? A mafioso of them. And if Iran’s Supreme Leader Ayatollah Ali Khamenei has his way, the world’s largest natural gas producers might try to form such a mafia to manipulate markets and [...]
Gazprom Says New Deals for Sale of Gas to Belarus, Ukraine Will Prevent Disruptions to Europe
Russia’s OAO Gazprom sought to assure jittery Europeans on Friday that new deals for the sale of natural gas to Belarus and Ukraine would prevent any more disruptions to western Europe.
But European Union Energy Commissioner Andris Piebalgs said the continent should steel itself for future disruptions regardless.
Gazprom’s deputy Chief Executive Alexander Medvedev was asked whether [...]
