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.
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.
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.
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 St. Petersburg took a giant stride towards the UEFA Cup semifinals with a 4-1 away victory over Bayer Leverkusen on Thursday.
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.
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.
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.
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
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.
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.
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.
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.
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 St. Petersburg took a giant stride towards the UEFA Cup semifinals with a 4-1 away victory over Bayer Leverkusen on Thursday.
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.
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.
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.
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
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.
Deutsche Post (No. 57), with its iconic yellow DHL trucks, sped past the U.S. Postal Service (No. 64) to lead the mail, package, and freight delivery category. Meanwhile, HP (No. 41) edged out IBM (No. 42) in computers by a slim $234 million margin, and Verizon (No. 39), Gazprom (No. 52), and Caterpillar (No. 151) became new leaders in their industries.
Stocks were poised to slide Friday as investors returned their focus to a backup in Treasury yields.
Stocks fell Friday as the biggest public offering in five years failed to excite investors still nervous over rising bond yields.
Stocks fell Friday as the biggest public offering in five years failed to excite investors still nervous over rising bond yields.
BP Plc said on Friday its Russian joint venture TNK-BP had agreed to sell Gazprom its 62.9 per cent stake in Rusia Petroleum, the company which holds the licence for the Kovykta gas field in East Siberia.
1. Guinea The naming of a successor by President Conté, Africa's longest-ruling dictator, and his refusal to step down in the face of union demands threaten stability and pose risks to bauxite and ...
The world's unquenchable thirst for oil means that Russian energy resources have been in continual demand - disruptions and disputes involving pipeline deliveries to Europe aside.
Word that control of the world's largest integrated oil and gas project had been wrested from Royal Dutch Shell trickled down to the company's staff on Russia's Sakhalin Island in December the same...
In the days after the collapse of the Soviet Union in 1991 it became common to refer to Russia as a former superpower.
Plains All American Pipeline ranks no. 186 on FORTUNE's Global 500 this year, with $31.2 billion in revenues, up 48.6% from the previous year. The Houston, Texas-based company was ranked no. 275 on the 2005 list. Its 2005 profits were $0.2 billion, up 67.5% from a year earlier.
RWE ranks no. 105 on FORTUNE's Global 500 this year, with $50.3 billion in revenues, down 1.2% from the previous year. The Essen, Germany-based company was ranked no. 78 on the 2005 list. Its 2005 profits were $2.8 billion, up 4.3% from a year earlier. 2005 was a banner year for most Global 500 companies.
Surrounded by traders chattering in Russian and staring at screens displaying the latest action on the Moscow bourse, the biggest foreign fund manager in Russia is plotting his next move.
From Elvis to Ali
Yulia Tymoshenko's motorcade slices through Odessa, roof lights spinning, Klaxons barking. It's campaign season again, and Ukraine's "samurai in a skirt" is back in action. Which may seem odd to an...
Yulia Tymoshenko's motorcade slices through Odessa, roof lights spinning, Klaxons barking. It's campaign season again, and Ukraine's "samurai in a skirt" is railing against official mendacity. Whic...
A bitter cold wave has killed 181 people in Ukraine over last five days, the Health Ministry said Thursday.
Gas has started flowing to Georgia after an explosion shut off supplies from Russia, which was accused by Georgian officials of deliberately triggering an energy crisis in its small ex-Soviet neighbor.
The e-mails are quite tantalizing, if a big familiar: "I have done extensive research on this company and believe it to be a huge opportunity to make five to ten times my money...." Or: "Have gotte...
The e-mails are quite tantalizing, if a bit familiar: I have done extensive research on this company and believe it to be a huge opportunity to make five to ten times my money.... Or: Have gotten all my children into the stock because I think it has such great potential.
The just-concluded battle between Ukraine and Russia over natural gas seems to have produced only losers.
Moscow and Kiev officials have praised a deal to end a pricing dispute for Russian natural gas that caused shortages in Ukraine and throughout Western Europe.
Oil surged more than $2 Tuesday as traders feared an unresolved natural gas dispute between Russia and the Ukraine could cut fuel supplies to Europe.
German officials Monday pressured Russia and Ukraine to agree on a new natural gas contract, but also said Germany has 2-1/2 months during which it can find other means to fill any gap caused by the dispute.
Russia has promised to restore full natural gas deliveries to European nations, but the dispute between the country's state-owned gas monopoly and Ukraine appeared to remain at an impasse.
Russia's state-owned natural gas monopoly Gazprom suspended the flow of natural gas to Ukraine over a pricing dispute Sunday, a move the Ukrainian president decried as "unacceptable."
Ukraine could accept a Russian compromise deal in a dispute over natural gas supply prices, but more talks are needed, a spokesman for the Ukrainian prime minister is reported to have said.
It is being heralded as the biggest buyout in Russian corporate history.
Volatility always spells investment opportunity, and the global oil market still offers plenty of both. Most energy stocks have already enjoyed a good run, but the risks to the global oil supply, r...
The Bush administration has criticized Russia's takeover of key parts of the embattled oil giant Yukos and warned the lack of transparency in the case could damage Russia's role in the global economy.
A defiant Yukos says it will sue for $20 billion in damages from the forced sale of a key asset that has left the fate of Russia's top oil exporter hanging in the balance.
The sale of embattled Russian oil company Yukos to a little known bidder has been called a scandal by some observers and led to speculation the government may make a grab for its assets.
A little known company has bought the main production unit of embattled Russian oil company Yukos, paying 260.75 billion rubles, or $9.35 billion, at auction.
A U.S. bankruptcy judge has issued a temporary restraining order to halt the planned auction of Russian oil company Yukos' main oil-producing subsidiary, Yuganskneftegaz, Reuters reports.
Russian President Vladimir Putin has arrived in China to mark 55 years of diplomatic ties between the two nations and to seek a further boost in bilateral trade.
Given that the head of Russia's largest oil company was tossed in a Moscow jail in late October as part of a government power play, Bill Browder has every right to be nervous. It's not because he's...
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