Russia stopped gas exports to Ukraine
Russia suspended gas supplies to Ukraine after the two sides failed to agree on repayment terms.
World Oil & Gas news
Oil prices around 40 $ , China increased its oil reserves
Oil prices remain about 40 $ a barrel in global stock markets against the backdrop of continuing violence in the Middle East U.S. light delivery. price rose in February in the New York Stock Exchange 31 .2 record level of 40,02 $ dollars per barrel.
Russia found new reserves of oil and gas
Russia has discovered 500 million tons of new oil reserves and 650 billion cubic meters of natural gas reserves.
Putin says that the era of cheap gas is nearing its end … and gas-exporting countries adopt the Qatar-based Forum
Russian Premier Vladimir Putin said that the era of cheap gas is nearing its end, due to the depletion of a large number of gas fields and the high costs of exploration, extraction and transportation. For his part, Russian Energy Minister Sergei Shmatko said that the Gas Exporting Countries Forum adopted the Charter of the new gas exporting countries that the Forum would have its headquarters in Qatar.
Low price force oil companies to cancel major projects
Continuing decline in oil prices caused the suspension or cancellation of many oil projects in many locations in the world where energy companies to quickly adapt low prices.
Impact of the global crisis of oil supplies in the future … oil production will peak in 2020.
Experts revealed that global oil production will peak and decreases in the earlier than expected amid a collapse of investment in oil due to the global credit crunch.
The real price of oil should exceed 100$
Iran’s Oil Minister said in remarks published on Saturday that he believed that the “real price” of crude barrels should exceed 100 $.
“Merrill Lynch” expect oil to fall to 25 $ a barrel
U.S. investment bank Merrill Lynch Said that is likely to continue to decline in oil prices during the short period next year and it could reach $ 25 a barrel before rebounding,
Oil falls below 40 $ in London
Brent crude oil dropped to 39.74 dollars a barrel in London trading Friday, at the lowest level since January 2005. The decline in oil prices due to decrease demand because of the global economic crisis and stagnation in industrialized consumer nations for oil.
Oil prices at the lowest level in three and half years
Oil prices dropped to their lowest level in three and half years with the growing atmosphere of pessimism about the global economy, after the postponement of the Organization of Petroleum Exporting Countries (OPEC) decision to reduce production at its next meeting XVII of the month.
