More Russian Oil Flows East as Relations With West Sour. Record Level of Russian Oil Exports to Asia This Year.

India is increasingly dependent on imported fossil fuels as demand continues to rise

Egypt is the largest non-OPEC oil producer in Africa and the second-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and the United States.

The market's perception of reduced risk to Iraqi oil exports and news regarding increasing Libyan oil exports contributed to a drop in the Brent crude oil spot price to an average of $107 per barrel (bbl) in July, $5/bbl lower than the June average.

Since the beginning of the Ukrainian stand-off, a series of sanctions came into effect by the EU 28 member states against Russia and private companies in a number of sectors. A noticeable absence is the ones supplying in oil and gas businesses, due to the boomerang effects that they will have in the European and global economy.

Russia's Rosneft asks state for $40 billion to weather sanctions

«Газпром» во II квартале получил убыток против прибыли годом ранее. «Газпром» меняет ценовую политику из-за санкций. Чтобы сохранить долю на газовом рынке Европы, концерн готов идти на уступки контрагентам.

Mexico hopes to lure $50.5 billion in historic oil tender

Norway Oil Services See Russia Sanctions Risking Arctic Push

Itar-Tass: Shale gas production in Europe possible not earlier than in 2016-18 -Gazprom