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Oil

‘Saudi policy of downplaying oil prices to backfire on them’
Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT.

20.10.2014 09:35

‘No tragedy’ for Russian budget due to current oil prices
Russian President Vladimir Putin has said that the current low oil prices are “no tragedy” for the Russian budget, stressing that they may soon see an upward correction.

17.10.2014 20:03

‘Profit over security’: Business trumps climate targets – Oxfam UK
A “toxic triangle” of political inaction, short-sighted economic policies and profit-driven fossil fuel advocates threaten to raise global temperatures, leaving 400 million people in jeopardy of hunger and drought by 2060, Oxfam UK warned on Friday.

17.10.2014 14:05

America’s troubled anti-IS coalition: Can BRICS be a possible middleman?
As the anti-IS coalition struggles to stay together can BRICS be a balancing factor that can keep the members unruffled against a common threat?

17.10.2014 12:47

Russia’s blacklisted Rosneft, billionaire Rotenberg take EU to court over sanctions
State-owned oil company Rosneft and billionaire Arkady Rotenberg have filed a case in the European Court of Justice against the European Council challenging its decision over sanctions, according to papers filed with the court.

17.10.2014 10:34

UK blocks multibillion-dollar Russian oil deal
The UK has blocked a $6.4 billion deal by Russian billionaire Mikhail Fridman to attain North Sea gas fields, as part of its ongoing sanctions package against Russian businessmen and investors believed to have close ties with President Vladimir Putin.

16.10.2014 08:17

Global oil glut sends prices plunging to 4-year low
Oil prices have hit a 5-yr low after the International Energy Agency (IEA) predicted a sharp drop in global oil consumption, cutting its forecast for global demand growth by about 22 percent.

15.10.2014 07:49

​Fracking companies could bury ‘any substance’ under homes
A proposed UK amendment to existing European shale gas regulation would allow fracking firms to put “any substance” under people’s properties and leave it there, prompting anger among environmental groups.

14.10.2014 13:24

LEGO ends 50-year tie-up with Shell after anti-Arctic oil campaign by Greenpeace
LEGO has announced it will not renew its contract with Shell ending a 50-year association. It comes three months after a Greenpeace campaign to prevent the exploration of the Arctic which got the support by more than a million people worldwide.

10.10.2014 07:47

California aquifers contaminated with billions of gallons of fracking wastewater
​Industry illegally injected about 3 billion gallons of fracking wastewater into central California drinking-water and farm-irrigation aquifers, the state found after the US Environmental Protection Agency ordered a review of possible contamination.

09.10.2014 16:19

​Russia to appeal European courts Yukos case - Justice Minister
Russia will appeal the ruling issued by the European Court for Human Rights (ECHR) awarding Yukos shareholders $2.5 billion (€1.9 billion) before October 30. The Hague’s related ruling will most likely be also appealed, Russia’s Justice Minister said.

09.10.2014 11:47

Caspian Summit: Successful cooperation in 'oasis of peace'
One of the biggest achievements of the Caspian Summit was the considerable progress made in preparing the Convention on the Legal Status of the Caspian Sea.

07.10.2014 16:14

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