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CNNMoney: Russia, Venezuela agree to oil and gas deals

Russian and Venezuelan officials on Friday signed agreements meant to bolster cooperation in the oil and gas industry, playing up energy ties between two nations trying to decrease U.S. influence around the world.

CNNMoney: Russian stocks climb on Gazprom

Russian markets rose about 3% Wednesday, buoyed by a news report that gas giant Gazprom will be able to service some of its massive debt from its own funds amid distressed market conditions.

SI.com: Russian league mounts challenge to NHL

RIGA, Latvia (AP) -- This former outpost of the Soviet empire has looked west for just about everything from politics to fashion since the fall of the Iron Curtain.

CNNMoney: $250 oil? Don't bet on it

If you think $135 oil is bad, you ain't seen nothing yet. That, at least, is the take from the head of the world's largest energy firm.

Zenit thrash Leverkusen as Bayern held

Zenit St. Petersburg took a giant stride towards the UEFA Cup semifinals with a 4-1 away victory over Bayer Leverkusen on Thursday.

Ukraine to pay gas bill, end crisis

Ukraine's government will force the company that manages its natural gas supplies to pay off its debts to Russia's Gazprom to resolve a crisis that reduced the flow of gas supplies into Ukraine and threatened to disrupt European gas supplies, Ukrainian Prime Minister Yulia Tymoshenko said Wednesday.

The key tests for Russia's new president

How far will Russia's new President Dimitry Medvedev emerge from the shadow of Vladimir Putin, the man who will be his Prime Minister and whose path he has vowed to continue? The world, and especially Russia's neighbors in Europe, will wait anxiously to see.

Russia, Ukraine deal averts gas crisis

Averting what could have been another gas crisis across Europe, Russia and Ukraine have fixed a price on natural gas for 2008 while Kiev has promised to pay its 2007 gas debts.

Time.com: A Gas Ultimatum for Ukraine

New moves to pressure Ukraine on gas supplies could be driven by Moscow's political agenda, but they could also signal the Russian gas giant's own supply problems

Fortune: HOW THE COMPANIES MEASURE UP RANKED BY PERFORMANCE

Exxon Mobil (No. 2) had a record $39.5 billion profits, which is impressive enough. Even more remarkable is that its earnings grew $3.4 billion in 2006, while Royal Dutch Shell (No. 3) had only a small increase, and BP (No. 4) saw profits fall. Russian gas giant Gazprom (No. 52) grew its profits 37%, to $20.3 billion.

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