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Oil

ISS ‘making millions’ out of stolen oil revenues in Iraq
ISIS militants are using the revenue from seized oil fields to finance their newly-formed Islamic state in northern Iraq. Sources within the regional government say the extremist militants are “making millions” in illegal trade.

23.07.2014 07:33

$200 per barrel oil if Russia sanctions escalate- Oxford Economics
If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.

23.07.2014 08:03

California curbs injection of toxic fracking waste into aquifers needed in severe drought
California is shutting down 11 oil and gas wastewater injection sites and reviewing over 100 others in the state’s drought-ravaged Central Valley as officials fear companies have pumped toxic fracking fluids into needed drinking water aquifers.

22.07.2014 15:26

Sanctions don't spook Russian companies
The new US sanctions against Russian energy and banks have stolen headlines, but the companies have all made statements that damage will be minimal.

17.07.2014 12:46

Current Rosneft and Exxon projects unaffected by sanctions – Rosneft CEO
ExxonMobil and Rosneft will continue to do business as usual under new US sanctions, Igor Sechin, the CEO of Rosneft Russia’s largest oil producer said on Thursday.

17.07.2014 07:11

US widens sanctions on Russia, EU takes time to think over
The Obama administration has widened the list of sanctions unilaterally targeting individuals as well as financial institutions and defense companies which the US believes are involved in destabilizing the situation in Ukraine.

16.07.2014 20:21

'US wouldn't press for EU sanctions on Russia if it had any money risked'
There is a huge risk for the EU that Russia continues its pivot process that is already seen in terms of oil and gas pipelines and general trade as Russia switched to China, South Korea and Japan, expert on global financial markets Patrick Young told RT.

16.07.2014 10:23

11 earthquakes hit fracking-heavy central Oklahoma over weekend
Eleven minor earthquakes shook central Oklahoma over the weekend, renewing speculation that the area’s oil and gas drilling boom - fueled by controversial hydraulic fracturing, or fracking - is to blame for an increase in seismic activity.

14.07.2014 16:23

Revealed: Russian oligarch behind purchase of UK’s most expensive home
Russian billionaire Andrey Goncharenko shelled out a massive £120 million ($205 million) for Britain’s most expensive home, it has been revealed. The oligarch has since filled for planning permission to extend the Grade-2 listed London property.

14.07.2014 07:25

Hundreds rally in DC against fracked gas exports
Hundreds marched through Washington DC and rallied at the Capitol on Sunday to protest plans for a new liquid natural gas (LNG) export facility in Maryland. Local residents fear possible environmental risks.

14.07.2014 04:41

Russia’s Rosneft to help Cuba explore offshore oil reserves
Russian oil company Rosneft will help Cuban State oil company Cupet explore the country's offshore oil reserves, according to one of the cooperation documents signed between Russia and Cuba during President Vladimir Putin’s visit to Havana.

12.07.2014 00:03

Kurds seize two Iraqi oilfields and pull out of country’s unity government
Armed Kurdish forces seized control of two state-run oilfields on Friday in the northern Iraqi city of Kirkuk as the Kurdish political bloc withdrew from Prime Minister Nuri al-Maliki's government, deepening the rift between the Kurds and the PM.

11.07.2014 15:10

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