Saudi Arabia and its OPEC allies’ firm stand against cutting crude output to slow the plunge in oil prices has set the energy world on a painful course that will leave the weakest behind, from governments to U.S. wildcatters.

Opec threw down the gauntlet to US shale oil producers by deciding not to cut its production, in a move that sent the oil price tumbling by more than 8 per cent to a four-year low.

Shares in the world’s biggest energy groups have tumbled in a market rout as plunging oil prices put at risk billions of dollars of investment and jeopardised future supplies of crude.

Battered by sanctions and oil’s accelerating price crash, OAO Rosneft (ROSN) has lost 38 percent of its market value this year in dollar terms and today the whole company, TNK-BP and all, is worth $50 billion.

Europe must wean itself off Russian gas and look to places like the Caspian Sea or the Middle East for alternative supplies, as the conflict in Ukraine underscores the importance of energy independence

US Vice-President Joe Biden claimed Russia is using energy as 'a weapon' and urged European countries to diversify sources for the purposes of energy security.

Gazprom and Eni address prospects for enhancing bilateral cooperation

Делегации России, Саудовской Аравии, Мексики, Венесуэлы проведут переговоры по проблемам ТЭК в Вене - в частности, обсудят текущие цены на нефть

Россия и Вьетнам приняли Совместное заявление о поступательном продвижении всеобъемлющего стратегического партнерства между двумя странами, этот документ подписали президент РФ Владимир Путин и Генеральный секретарь ЦК Компартии Вьетнама Нгуен Фу Чонг после переговоров.

Oil producers risk ratings downgrade on low crude price

TOTAL Senior Vice President on Strategy and Business Intelligence, Mrs. Helle Kristoffersen, stressed the importance of addressing Europe’s gas supply amidst the current crisis between Russia and Ukraine, speaking on the session panel on Global Energy Security, Supply and Demand at the Abu-Dhabi International Petroleum Exhibition and Conference on November 12, 2014.

Technip, Europe’s biggest oil and gas services group by market capitalisation, has made a €1.47bn cash bid for French seismic surveyor CGG, but the offer was rebuffed on Thursday.

Ineos, the Swiss-based chemicals company, has entered the race to develop UK reserves of shale gas, unveiling ambitious plans on Thursday to spend $1bn on exploration in coming years.

China's energy targets for 2020, if assumed to be credible and achievable, give a clear indication of likely winners and losers.

China to Step up Oil, Gas Exploration in East, South China Seas