China Wary of Closer Russia Energy Ties, Ex-Cnooc Economist Says

China is wary of expanding energy investments in Russia because closer ties with the Kremlin could harm its relations with the U.S., according to a former researcher at China’s biggest offshore explorer.

Russia hit hardest by plunging oil prices as producers brace for cut in profits

Falling oil prices knocked £1bn off the value of North Sea services firm Petrofac on Monday and are on course to cripple the Russian economy without a rescue package from the oil producers’ cartel Opec later this week.

Oil Rises as Price Plunge Puts Pressure on OPEC to Act

Brent advanced on speculation that the drop in prices below $80 a barrel for the first time in four years increases the likelihood that OPEC will curb output.

Russia, China ink framework deal on second major gas supply deal

(Reuters) - Russia and China signed a framework agreement on Sunday for a new gas deal, just months after the two sides sealed a long-awaited supply agreement worth up to $400 billion, part of President Vladimir Putin's strategy to bolster ties with Beijing.

Vladimir Putin: oil price decline has been engineered by political forces

Recent tumbles in the value of oil on global markets have been the creation of politicians, Vladimir Putin, President of Russia, suggested on Thursday.

Russian gas shutdown would not cause blackouts, says European commission

A total shutdown of Russia’s gas supply to Europe will not cause blackouts this winter, the European commission said on Thursday, as Vladimir Putin warned of a potential repeat of 2008 when Russia turned off gas supplies to the Ukraine.

US hits Russia's largest bank, energy sector with sanctions

Washington (AFP) - The United States hit Russia's top bank and leading energy and technology companies with sanctions Friday, restricting access to finance and technology to punish Moscow's support for Ukraine's separatist rebels.

Leading oil industrialist accuses BP of spurning its lead role in the North Sea

Alexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia.

World Awash in Oil Shields Markets From 2008 Price Shock

Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices.

Japan still plans Russia energy deal

TOKYO — Japan, dependent on imports for almost all its fuel, is pursuing natural gas projects and energy purchases in Russia despite new sanctions last week designed to punish Vladimir Putin and his associates.

U.S. Oil Futures Reach Two-Week High on Refinery Demand

West Texas Intermediate crude rose to the highest in almost three weeks as strong refinery demand reduced U.S. inventories.

EU energy and climate talks – not Juncker – are the real show in Brussels

Drivers through the European quarter in central Brussels on Friday got a shock as giant banners were unfurled in front of the EU buildings showing political leaders speeding off the edge of a cliff.

Russia-China Gas Pact Stirs Dream of Bridge Across Amur

In winter, Russian shoppers drive cars across the frozen Amur River to buy knock-off Nike sneakers from Wu Haiou’s stall in the Chinese city of Heihe.

Putin’s Energy Trumps U.S. Sanctions as Rosneft Extends Reach

One by one, executives from some of the world’s largest energy companies climbed the dais to sign accords with OAO Rosneft (ROSN) chief Igor Sechin as Vladimir Putin stood behind his blacklisted ally, nodding approvingly.

China, Russia on verge of gas deal

BEIJING — China plans to sign a multibillion-dollar deal to buy Russian gas during a visit by President Vladimir Putin next week despite U.S. pressure to avoid undermining sanctions on Moscow over the Ukraine crisis.

Gazprom hikes Ukraine gas price by a third

The Russian energy company, Gazprom has raised the price it charges Ukraine for gas by more than a third. The company's chief executive Alexei Miller says the change was because Kiev has failed to pay its bills.

Ukraine: a rich seam for gas firms despite crisis

The veteran Ukraine energy explorer, Paul Davies, said his JKX Oil & Gas business would continue its investment push into the country this year despite the Russian crisis.

BP drawn into row over Russia's annexation of Crimea

BP has been sucked into the row over Russia's annexation of Crimea with calls for the delisting from the London Stock Exchange of Rosneft, the Moscow-based oil company in which the British group has a 20% holding.

Brent Crude Rises to Two-Month High on Ukraine

Brent crude surged to a two-month high amid escalating tension between Ukraine and Russia, the world’s largest oil producer.

Morgan Stanley sells oil trading business to Russia's Rosneft

LONDON/MOSCOW (Reuters) - Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the latest Wall Street firm to dispose of a major part of its commodity business.