Before Donald Tusk became president of the European Council, the former Polish prime minister had already begun campaigning for a European energy union.

But now, with prices low, the risk of getting busted by Nigeria’s navy now outweighs the get-rich rewards of sabotaging pipelines, stealing oil and smuggling vast quantities of it onto international markets. Indeed, some of these thieves have reverted to plunking fish traps in the waters they helped pollute.

The United States will struggle to follow through on threats to impose deeper sanctions on the Russian energy sector, as European fears over collateral economic damage leave President Barack Obama's administration with diminished options.

The world’s biggest energy groups have sold record amounts of debt this year, taking advantage of historically low interest rates to plug cash shortfalls with borrowing, after a 50 per cent plunge in oil prices.

Could an oil and gas bounce-back loom in America’s near future? During his appearance on CNBC’s “Squawk Box,” energy magnate Boone Pickens seems to think so, forecasting prices to rise to $70 per barrel by the end of the year.

Natural gas international markets are constantly growing. Despite the ongoing crisis, Europe is increasing its dependence on imports, while emerging economies in Asia face the daunting task of fuelling their economic growth.

Private equity groups including Carlyle and Blackstone are to deploy billions of dollars in a hunt for acquisitions across the oil and gas industry, with a collapse in oil prices expected to lead to a wave of asset sales.

Lifting the longstanding ban on U.S. crude oil exports would boost the country’s economy and enhance its global leadership, a former senior Obama administration official will tell senators on Thursday, introducing a strategic dimension to the growing debate over selling American oil abroad.

From the first day of the summit of EU leaders in Brussels, the message resonated loudly: there seems to be one single front against Russia and toward the creation of the Energy Union, while a widespread criticism over the European approach to the Greek saga emerged amid tensions.

The level of interest in new oil and gas exploration in the Gulf of Mexico is slowing due to the low price of oil, but federal regulators said they remain optimistic about the future of offshore drilling.

Deepening political divisions between Nigeria’s regions over the presidential poll and the absence of a clear front-runner increase the risk of a contested outcome and a turbulent aftermath

Indonesia's 2015 revenue target is "really unrealistic" and there will be a large budget shortfall that could force the government to cut spending, a World Bank economist said on Wednesday.

Saudi Aramco will increase its spending on research and development in 2015, despite the falling price of oil.

The Fallout from Lower Oil Prices

Steady climb in global demand growth prompts slight upward revision of 2015 forecast.