The last three months have seen unprecedented change in the inancial markets and acknowledgement that for many economies, recession is a reality with growth in the BRIC countries (Brazil, Russia, India, China) at best severely diminished.
19 January 2009 , 17:212039
As direct contributors to global warming, it is fair to say that the oil industry struggles to attract the ethical investor. In recent years however, even as we try to move towards a low-carbon economy, there has been a grudging acceptance that the world will remain dependent on oil for a long time.
19 November 2008 , 14:491712
Russian oligarchs came about as an unforeseen consequence of Gorbachev’s partial market liberalization process, when rare commodities were smuggled into the country to be sold with large profit margins.
08 November 2008 , 10:361315
Talks of an OPEC-style gas cartel are nothing new. The idea has existed in some form since at least as far back as 1980, when a group of exporters - including OPEC members like Algeria, as well as Mexico and the Netherlands - sought to charge consumers a higher price for their product as oil prices spiralled.
04 November 2008 , 07:441630
‘Blood Oil’ has been a term widely used in Nigeria to describe the chaos surrounding the current situation of the oil industry. Angry that profits from oil are not deposited locally, militant gangs are taking it upon themselves to disrupt trade using whatever force they feel necessary.
16 October 2008 , 10:171257
The Russian stock market last week saw its most severe decline since the shattering economic collapse of 1998, after suffering the lethal combination of worldwide financial mayhem, falling commodity prices and a local credit crunch.
09 October 2008 , 16:591064
The US electorate may not realize it, but oil will play a central factor in the US Presidential Election, a fact of which candidates Obama and McCain are only too aware. People have many reasons for voting the way they do.
09 October 2008 , 16:221218
During financial crises, individuals think twice before spending money on luxury products and conveniences. The environment can be considered one of these luxuries, as priorities change on a whim once the ‘survival instinct’ engages.
09 October 2008 , 10:282144
International organizations and rating agencies yesterday released differing assessments of the situation in Russian markets. Fitch said that despite the efforts of the authorities, the credit crunch may lead to a growth slowdown, and pointed out that the banking sector remains the Achilles heel of the country’s economy.
18 September 2008 , 13:391244
On an oil platform off the Brazilian coast, President Luiz Lula da Silva this month dipped his hands into the first crude to flow from promising reserves discovered in the country’s waters. Although it is difficult to be precise about the new finds, Ministers are working on the assumption that there is 10 times that amount waiting to be found.
15 September 2008 , 10:401727
During the three-day working visit to Moscow, Iraqi Oil Minister Hussein Al-Shahrastani made it clear that Russia wouldn’t get special conditions in the country’s hydrocarbon market anymore. When the new law on oil and gas in Iraq come into force, all intending operators will be able to participate in tenders for development of oil deposits on equal terms.
25 May 2008 , 19:021736
The Gazprom’s subsidiary builds up Sochi with luxury hotels. Neftegaz.RU journalists were informed that Gazprom will put in commission a luxury village in Krasnaya Polyana, which is near to the site of the Olympic Games 2014, approximately by this November.
24 April 2008 , 16:062324
The power system of South America has been recently being in the limelight. The events of the end of 2007 and the beginning of 2008 indicate that Brazil can join the global biggest oil exporters in the near future. Brazil can become the oil supplier for the USA, reducing the dependence of the latter from Venezuela, the experts say.
17 April 2008 , 21:391974
As we consider, in 2008 preferred shares of Transneft can become a profitable investment. The average prognosis of the leading world and Russian analysis agencies concerning the potential growth of the shares accounts to 11.4%.
02 April 2008 , 22:582084
“What are you waiting for?” the first words of our editor-in-chief after the New Year vacation were namely those, “you, Boltikov, have 3 hours for packing. You go to Cuba right now.”
“Come again? To Cuba? But there is no oil… “
“There is!” the editor-in-chief interrupted me, “Spain’s Repsol-YPF and Canadian Sherritt International Corp. are already there. The international companies solve the issues of the large investments. It is known that the enormous deposits are discovered there. Your goal is to learn how true this information is and whether the Russian companies will manage to participate in the Cuban projects. And finally, after a hours-long flight I set my foot on Fidel’s land…
26 March 2008 , 15:091135
Holding oil and gas resources without transportation system means nothing. The strategic importance of the Balkans, from the point of view of logistics, is so that this region can become a stumbling block on the way of both the Russian natural gas and the gas from Central Asia.
15 March 2008 , 17:341160
When "Gazprom" named figures of the gas production till 2020, many analysts sounded the alarm - the planned volumes of gas may not be enough for Europe and Russia, which will only increase consumption of the “blue fuel”.
08 March 2008 , 14:462638
What does a common person know about Kalmykia? Steppes in the south of Russia, Buddhism. Also the name of Kirsan Ilyumzhinov, who tries to lift the republic’s economy, sounds familiar for many people. However, today this region, alongside with our northern areas, can become oil-and-gas Klondike… Kalmykia’s leader Kirsan Ilyumzhinov during his visit in Moscow made a report on oil and gas exploration works in republic.
29 December 2007 , 16:201603
Russia’s foreign partners should expect essential expansion of Russian fleet soon, and, consequently, an increase of export supplies, according to Braemar Seascope group’s experts. The global demand for oil and petroleum products is on its ever-high level now, and it keeps growing.
24 December 2007 , 13:141066
The Russian oil firms will construct petroleum refineries in Vietnam. It is conventional, that the aggressive protectionist policy and a policy of the trading wars, held by the western countries right after The Great depression (1929–1933), not only became the reason of an economic collapse, furthermore: it led to the war.
20 December 2007 , 15:461043