The average U

Belarus hopes to receive a sum of about 70 million US dollars as compensation after the incident with contaminated oil, Belarusian Ambassador to Russia Vladimir Semashko said on Sunday commenting on the results of the talks between the two countries’ leaders in Sochi.

…Iran is to reduce its reliance on oil exports by increasing taxes, borrowing more money and cutting energy subsidies, as President Hassan Rouhani vowed on Sunday that the Islamic republic could…

…— than India. Oil has ruined Nigeria, making it a rentier — rather than a production — economy. The business of government becomes that of divvying up revenue, a task that has corrupted the…

Minsk, in his words, asks what the gas price is for 2020.

Saudi Aramco’s market value will exceed $2 trillion after its floating on its stock exchange, Saudi Arabian energy minister said on Dec. 6, a day after the company hit a valuation of approximately $1.7 trillion in its initial public offering (IPO).

Saudi Arabia is trying everything to make sure the latest oil deal sticks. When it doesn’t, the kingdom will be stuck between a rock and a very hard place.

Crude oil prices posted its largest percentage weekly gain since last June after OPEC and its allies agreed to make deeper cuts to production levels.

The pipeline will transport gas from fields in East Siberia to the domestic market and for export to China.

Move highlights efforts to stabilize global crude prices