Bulgaria, Finland and Estonia could suffer major gas shortages if Russia cut off all its gas deliveries for six months, according to a report released Thursday by the European Commission.

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.

The Brent-WTI spread, the difference between the front month futures price of North Sea Brent crude oil and that of West Texas Intermediate (WTI) crude oil, narrowed to $2.00 per barrel (bbl) as of October 15, after reaching a 2014 high of $14.95/bbl in January

Japan continues to import record volumes of LNG amid delays in nuclear restarts

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.

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.

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.

Fall in oil prices is temporary, says Saudi petrochemicals chief

Ophir in talks to buy Salamander Energy

Gunvor to reduce footprint in Russia

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

Global oil prices posted a fifth weekly loss as concerns about high supplies continued to weigh on prices.

Sanctions, Oil Prices May Harm Russian Economy, Ministers Warn

Petrom, ExxonMobil start drilling third deepwater well in Romania

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

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

Credit Suisse ожидает снижение прибыли "Газпрома" на 35% к 2016 г

Russian natural gas giant Gazprom believes that winter 2014/2015 may be “colder than usual”.

Natural gas is creating a new reality for economies around the world.

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.