Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.

 

Oil

1.2 million sq.km, 5 billion tons of fuel: Russia to apply for Artic shelf expansion
Russia will address the UN on the expansion of its Arctic shelf next spring. If successful the move would see the country adding an area of 1.2 million sq. kilometers in the Arctic Ocean, holding 5 billion tons of standard fuel, to its territory.

29.10.2014 15:44

Gazprom Neft to challenge EU sanctions in court
Gazprom Neft, the oil subsidiary of Russian state gas company Gazprom, has filed a claim with the EU Court of Justice, the EU's highest court, to review the economic sanctions against it introduced in September.

29.10.2014 12:37

BP oil spill left Rhode Island-sized oily ring on seafloor
The 2010 BP oil spill that resulted in 172 million gallons of oil in the Gulf of Mexico has, four years later, left an oily “bathtub ring” about the size of Rhode Island on the sea floor surrounding the site of the Macondo well, according to new research.

28.10.2014 15:09

BP profits plummet 21% as Russia sanctions bite
Oil giant BP (British Petroleum) has suffered a fall in profits from July to September amid lower oil prices and the decreasing value of the ruble.

28.10.2014 09:25

Russia growth up to 1.1% in September from zero
Russia’s GDP growth accelerated to 1.1 percent last month which marked an economic revival from the flat growth in August, the Ministry of Economic Development has said.

27.10.2014 14:43

​Blood & oil: Turks, Kurds, and the Islamic State
Over the past month the Islamic State's siege of Kobani (aka Ayn al-Arab) has been dominating the world news coverage, revealing Turkey's fraught relationship with its own Kurdish minority and with Kurds and Kurdish organizations across the wider region.

24.10.2014 13:13

‘World’s wealthiest terror org’: US vows to cut ISIS revenue sources
Oil sales, ransoms and extortions help ISIS “generate tens of millions of dollars” monthly, the US Treasury estimates, promising to undermine the group’s finances and to impose sanctions on anyone attempting to do business with the extremists.

24.10.2014 08:38

‘US shale oil exploration led to low oil prices, market shakeup’
Falling oil prices embarrass and make life difficult for countries that depend on oil exports, including Russia and Venezuela, and the US would enjoy making life difficult for them, economist Richard Wolff told RT.

24.10.2014 07:19

Russia says oil at $90 to $110 is ‘fair price’
The 'fair' and most comfortable oil price for world economies would range between $90 and $110 per barrel, with any fluctuations from that involving certain risks for the industry, Russia's Energy Minister Aleksandr Novak said.

23.10.2014 10:56

New Total head Patrick Pouyanne expected to keep Russian projects
Total has named a new chief executive at an emergency meeting Wednesday after Christophe de Margerie died in a plane crash in Moscow. The company is expected to carry on with its projects in Russia.

22.10.2014 14:38

ISIS earned $2mn per day on illegal oil trade prior US-led strikes – report
The Islamic State was making up to $2 million per day, or $800 million a year, by selling oil at roughly half the official price on the black market before the US-led airstrikes, a new study by a US-based consultant group revealed.

21.10.2014 14:48

An oil maverick with a mustache: Business legacy of Christophe de Margerie in Russia
Sanctions against Russia are counterproductive and stability should be restored to provide more investment to the country, Total CEO Christophe de Margerie said during his last speech in Moscow before he died in a plane crash.

21.10.2014 08:35

Follow us

Follow us