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Oil

Argentinian President to RT: ‘It is absurd to really think that Russia is a threat’
There are no reasons why Russia and Argentina should’t have bilateral ties, Argentinian President Cristina Kirchner said, stressing that it is “absurd” to deem Russia a threat. Kirchner spoke to RT in her first interview to a foreign media in five years.

23.04.2015 20:33

ExxonMobil to pay $5 million to government over Mayflower oil spill
In a consent decree filed before a federal court, subsidiaries of Exxon Mobil have agreed to pay almost $5 million to state and federal governments over the 2013 pipeline breach that spilled crude oil into the streets of Mayflower, Arkansas.

22.04.2015 19:38

A drop in the ocean: Recovery projects worth $134 million proposed for BP oil spill
Officials overseeing the cleanup of the Gulf of Mexico have proposed 10 new recovery projects, worth $134 million. The funds are part of a $1 billion fund set aside by BP to deal with the Deepwater Horizon disaster, the worst oil spill in US history.

21.04.2015 22:07

Lukoil eyes return to Iran after sanctions lifted - CEO
Russia’s second largest oil and gas producer Lukoil plans to return to Iran as soon as sanctions over the country’s nuclear program are lifted, according to the company’s President Vagit Alekperov.

21.04.2015 07:14

UK gives Russian billionaire deadline to sell North Sea gas assets
The UK is forcing Russian billionaire Mikhail Fridman, owner of the $10 billion L1 energy fund, to sell dozens of newly-acquired North Sea oil and gas assets in the next 3-6 months on fears more Russia sanctions could shut down the gas fields.

21.04.2015 08:24

Texas pushes forward with bill that would ban fracking ban
The Texas state House of Representatives has passed a bill that would block cities in Texas from banning the controversial oil and gas exploration method known as hydraulic fracturing, or fracking.

18.04.2015 00:54

​Russia can withstand & take advantage of economic hardships – finance minister
Western sanctions have not succeeded in crippling the Russian economy, as careful monetary and fiscal adjustments helped stabilize and strengthen the national currency despite low oil prices, finance minister Anton Siluanov told RT.

17.04.2015 00:37

Saudi Arabia announces biggest oil production surge in 30 years
Undisputed leader of OPEC, Saudi Arabia, increased daily oil production by 658,800 barrels in March to an average of 10.294 million barrels a day, says data the country gave to the Organization of Petroleum Exporting Countries’ secretariat in Vienna.

16.04.2015 15:03

The winners & losers of cheap oil – Bloomberg research
The dramatic 50 percent decline in oil prices which started last summer had a relatively small impact on the global economy with 0.7 percent GDP growth worldwide, the IMF estimates. However, cheap oil has affected major economies differently.

16.04.2015 09:16

Ruble passes 50 against USD for 1st time since November
The Russian currency’s upward trend has achieved a psychological victory Wednesday as the ruble traded at 49.90 against the US dollar on the Moscow exchange.

15.04.2015 19:37

Oil firm downplays ‘world class’ 100bn-barrel Gatwick claims
The company which reported a massive oil find near Gatwick Airport last week has issued a “clarification” over its estimation, saying the amount of oil is in fact untested.

15.04.2015 12:22

Russia Iran oil-for-goods deal on – Kremlin
Russian President Vladimir Putin’s press secretary, Dmitry Peskov, confirmed the oil-for-goods deal between Moscow and Tehran is “absolutely” a reality and has begun.

14.04.2015 14:32