Rosneft commenced shipment of crude oil extracted at the Northern Tip of Chayvo license off the coast of Sakhalin, with the first tanker carrying Sokol-grade crude leaving port on November 21.

Russia can do little to shore up slumping global prices even if OPEC wants it to. Russian wells will freeze if they stop pumping oil, and the country cannot store the output it would otherwise export.

Demand for Russian gas is still there

Gazprom and Petrovietnam discuss future cooperation in oil and gas sector

OPEC Diplomacy Picks Up With Iraq-to-Libya Chiefs

Unseasonably cold temperatures this week led to big increases in heating demand for natural gas from the residential and commercial sectors. Weather forecasters expect the cold to continue into next week, which will likely result in more natural gas consumption.

Oil & Gas UK has issued a sharp rebuttal to reports that UK producers enjoy generous governmental subsidies.

Two of the biggest oilfield services companies, Halliburton and Baker Hughes, are discussing a merger that would help both companies fend off falling oil prices

Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.

Saudi Arabia’s oil minister broke months of silence on Wednesday to speak publicly about the Gulf nation’s stance on the oil market and dismiss claims that it had triggered a “price war”.

Russia gas flows still frozen; Ukraine banks on mild weather to hold out

OPEC Says Output Fell Sharply Amid Saudi Arabia Reduction

Oil tumbles to four-year low below $79, awaits OPEC

Russia's Gazprom put 2015 investments at $18 bln

With less than three weeks to go before OPEC meets in Vienna and the selloff in oil showing few signs of letting up, speculation is mounting the group will take action to try to stem the decline.