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.

«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

Spain approves €7.5bn oil exploration project off the Canaries

OPEC: World economic growth for 2014 and 2015 remains unchanged at 3.1% and 3.4% respectively.

IEA says sanctions have low impact on Russian oil

Mexico opens oil and gas to foreign, private firms

Shell to cut 250 onshore jobs at its Scotland North Sea operations