Ukraine and Russia resolved their natural-gas feud on Thursday in a hard-fought deal that averts the threat of gas shortages in Europe this winter.

The European Union's executive body is close to signing off on two disbursement of loans promised to Ukraine that would give Kiev about EUR760 million ($965 million) in additional funding by the end of the year, two senior officials said Tuesday.

Integrated oil and gas (IOG) companies Gazprom and Rosneft Oil Company represented Russia in the top 10 positions of the 2014Platts Top 250 Global Energy Company Rankings®, unveiled Tuesday at the ninth annual Platts Top 250 Asia Awards Dinner in Singapore.

Ukraine is likely to face energy shortages this winter if last-ditch talks to resume gas supplies from Russia fail on Wednesday.

BP posts slump in Russian income but raises dividend

Natural gas is creating a new reality for economies around the world.

Russian natural gas giant Gazprom believes that winter 2014/2015 may be “colder than usual”.

Although it is in Serbia’s interest that the South Stream gas pipeline is built, the government in Belgrade faces the fine balance between the interest of providing energy security and the need to harmonize with the policy of the EU, which it is looking to join.

Sanctions, Oil Prices May Harm Russian Economy, Ministers Warn

Naftogaz Sets Aside $3.1 Billion to Pay Ukraine Gas Bill to Gazprom, CEO Says