Regions
![Regions](/cache/2015/01/ENERGY-2.89a520b2.png)
2015, January, 6, 13:25:00
ENERGY PRICE DECLINES
Two benchmark crude oils, West Texas Intermediate (WTI) and Brent, make up about 67% of the weighting in the S&P GSCI energy index. Petroleum-based products (gasoline, heating oil, and gasoil) together comprise another 29% of the S&P GSCI energy index, and because prices for these products generally follow crude oil prices, the index tends to follow the major price movements in the crude oil market.
![Regions](/cache/2015/01/OIL-134.7545aa53.jpg)
![Regions](/cache/2015/01/SAUDI-16.84d11f84.jpg)
2015, January, 6, 13:15:00
SAUDI RISK STRATEGY
World's largest oil exporter is forcing prices lower to win back market share but the high-risk strategy will test the house of Saud like never before
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2015, January, 6, 13:10:00
U.S. CAN BE NEXT
US can be next Saudi Arabia for oil, says ex-US Treasury Secretary Summers
![Regions](/cache/2015/01/SAUDI-19.8093e5ad.jpg)
2015, January, 6, 13:05:00
SAUDI RAISES PRICE
Saudi Arabia Raises Price of Main Oil Grade for Asian Buyers
![Regions](/cache/2015/01/USA-97.f4595810.jpg)
2015, January, 6, 13:00:00
U.S. OIL: MUCH WORSE
Biggest Oil-Rig Drop Since 2009 Spells Tough Year Ahead
![Regions](/cache/2015/01/USA-98.8cdd5fe4.jpg)
2015, January, 6, 12:55:00
OIL PRICES: BELOW $50
Oil extended losses below $50 a barrel amid speculation that U.S. crude inventories will expand, exacerbating a global supply glut that’s driven prices to the lowest level since April 2009.
![Regions](/cache/2015/01/IRAQ-24.d5d27371.jpg)
2015, January, 6, 12:50:00
RUSSIA & IRAQ OIL SUPPLIES
Oil supplies in Iraq and Russia surged to the highest level in decades, signaling no respite in early 2015 from the glut that has pushed crude prices to their lowest in five years.
![Regions](/cache/2015/01/RUSSIA-97.839e6ca1.jpg)
2015, January, 6, 12:45:00
RUSSIA & INDIA: SHALE OIL
Oil & Natural Gas Corp. (ONGC), India’s biggest energy explorer, is banking on the world’s largest shale oil reserves to save its Russian acquisition. Stumbling blocks include oil prices at a five-year low and U.S. sanctions.
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2015, January, 4, 21:30:00
RUSSIA & CHINA PARTNERSHIP
Russian-Chinese energy partnership gaining momentum
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2015, January, 4, 21:25:00
TURKEY & RUSSIA: SOUTH STREAM
Turkish Ambassador to Russia noted that energy cooperation with Russia was strategically important for Turkey, stressing that the sides are discussing potential routes for a new Black Sea gas pipeline.
![Regions](/cache/2015/01/RWE-2.7d5b7e16.jpg)
2015, January, 4, 21:20:00
RWE OFFERS €5.1 BLN
RWE is seeking to insert safeguards into a €5.1bn contract to sell North Sea gasfields to a Russian billionaire that would ensure the assets remain operational in the event of further sanctions.
![Regions](/cache/2015/01/DUBAI-1.6f654001.jpg)
2015, January, 4, 21:15:00
DUBAI SHARES DECLINES
Dubai Shares Lead Gulf Declines as Oil Rout Extends Into 2015
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2015, January, 3, 22:00:00
2015: U.S. OIL GROWTH
Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015