Иранские эксперты прогнозируют цену на нефть в 2015 году в $70

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

Gunvor to reduce footprint in Russia

Ophir in talks to buy Salamander Energy

Petrom, ExxonMobil start drilling third deepwater well in Romania

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

Total’s Board of Directors pays homage to Christophe de Margerie and organizes the Group’s new governance

The Ukraine crisis caused relations between Russia and the EU to fall to their lowest point since the Cold War. But despite the bickering and outright conflicts, both still need each other: Europe relies on Russian gas to keep warm, and Russia in turn needs revenues. With winter on its way and capital flight from Russia reaching dangerous levels, the outlook should draw the EU and Russia back together.

Oil companies in Russia, the world's biggest producer which has budgeted for $100 crude, played down the oil price drop, saying it would not last and would not damage long term projects.

Schlumberger Ltd, the world's largest oilfield services company, said oil and gas spending would increase in 2015 as global oil demand is poised to rise, downplaying fears of an investment slowdown due to weak crude prices.

BG Group Plc (BG/) appointed Statoil ASA (STL)’s Helge Lund as chief executive officer, ending a leadership crisis at the U.K.’s third-largest oil and gas producer.

South African President Jacob Zuma outlined ambitious plans on Wednesday for oil andgas exploration in coastal waters that he said could contain as much as 9 billion barrels of crude and vast quantities of natural gas.

Russian state gas giant OAO Gazprom said second-quarter profit rose 13% on higher sales and prices which offset provisions for non-payment by Ukraine’s Naftogaz.

Russia seeks an acceleration of its business ties with China. Russian Prime Minister Dmitry Medvedev suggested on Monday that the two countries could soon reach an agreement on a second pipeline.