The Polish government said it will offer 6-year tax breaks for shale gas companies in an effort to fast track investment and exploration. The announcement comes as energy tension with Russia run high over Ukraine.
Africa could feed itself and provide food for the rest of the world if we develop it, but the West prefers to let people die from famine and war rather than develop these countries, Lawrence Freeman from Executive Intelligence Review Magazine told RT.
Over 100 French companies have descended on Tehran on Monday to establish business connections. It's a display of booming business interest in Iran after the Geneva talks lifted decade-long economic sanctions.
The ambition of Shell to start extracting oil in the Alaska shelf in Arctic waters this summer has faced another delay, as the US federal court claimed environmental risks of drilling had not been correctly assessed.
Pricing probes have forced London’s biggest banks to consider a systemic overhaul of the dated practice of "fixing" gold prices, which sets spot pricing for the world’s $20 trillion physical gold market.
The world’s largest producer of potash fertilizer, a farming essential, will lower prices for some Chinese customers to $305 per metric ton. Uralkali says it signals a recovery in the market hit by last year's split of the world’s biggest potash cartel.
Countries hosting Gazprom’s European super pipeline will not have to revise earlier agreements that technically break EU law. Russia and the EU have agreed on further cooperation on a route that will satisfy Europe with 15% of natural gas needs by 2018.
Indonesia, a global leader in exports of mineral resources, has banned its mining companies from selling raw ore abroad. The law, aimed at boosting domestic processing, is likely to cost Jakarta huge short-term revenue losses and cause mass lay-offs.
Once Russia’s richest oil execs, Mikhail Khodorkovsky has been released from prison, cutting his sentence short. The move signals President Putin is serious about returning foreign investment to Russia and cracking down on capital flight.