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

Gunvor to reduce footprint in Russia

Oil prices have fallen by over 20% in the last couple of months. Brent is currently trading $30 below its summer spike to $115 per barrel and many are left wondering what the Saudis are playing at.

Rosneft is looking for some financial relief from Russia’s sovereign wealth fund