Indonesia says Chevron gas project set back by up to 2 years

Big oil and gas finds in waters along Europe's northern edge may remain undeveloped now that oil prices have dropped, keeping potential supply of over a billion barrels of oil equivalent out of the market for the foreseeable future.

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

The United States exported 401,000 barrels per day (bbl/d) of crude oil in July 2014

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

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.

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

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

Fall in oil prices is temporary, says Saudi petrochemicals chief

Sanctions, Oil Prices May Harm Russian Economy, Ministers Warn

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

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.

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.