Bloomberg: the first among the laggards - Ukraine, Russia follows it

According to an analysis conducted by Bloomberg experts, Ukraine will show the worst indicators in terms of economic slowdown in 2015, followed by Russia in the top five “losers.” Agency analysts believe that due to the military conflict in the south of the country, the Ukrainian economy will shrink...

Large-scale ecological catastrophe threatens Russia due to oil spill

An oil spill occurred near Nefteyugansk due to an accident at the Rosneft oil pipeline. The consequences of the accident are eliminated on the second day. An employee of UTair - Helicopter Services posted several aerial photographs of the oil spill. The photos were taken on June 26, which means the oil spill occurred at least three days ago. RN-Yuganskneftegaz stated that ...

The United States regained leadership in oil and gas production

The United States has taken over from Russia the world palm in terms of oil and gas production, according to a new industry report prepared by BP. The change of leader speaks of fundamental changes in the global energy sector, which have occurred due to the development of shale deposits in the United States, the publication states. ...

Russia has become a leader in terms of oil production

In May, Russia came out on top in the world in terms of oil production, overtaking Saudi Arabia. According to the operational summary of the Central Dispatching Department of the Fuel and Energy Complex (CDU TEK), in May Russia produced 45,288 million tons of oil, which is 1,6% more than in ...

Emergency declared in California due to oil spill

The state of California has declared a state of emergency after coastal areas have been hit by one of the worst oil spills in state history. State Governor Jerry Brown declared a state of emergency on Wednesday night, the day after ...

Oil train caught fire in North Dakota

A train carrying tanks filled with oil derailed in the US state of North Dakota on Wednesday, causing a massive fire. “Ten train tanks are engulfed in flames, creating thick black smoke,” the AP quoted a state emergency services official as saying. It is also reported that...

US will overtake Russia in the production of crude oil

Last week, the Energy Information Administration of the US Department of Energy released an annual forecast report on the state of the United States energy industry, forecasting its development in the coming years. Judging by the data published in the forecast report, in five years the United States will overtake Russia in ...

Bloomberg: Russia gets rid of the oil curse

Now there are more and more signs that the Russian economy will not die a painful death, that it has finally, albeit with a great delay, started taking some kind of strong medicine. In the fourth quarter of 2014, Russia showed unexpected growth, and now it can look for ...

USA exchanged Israel for Iranian oil

One of the main components of the agreement on Iran's nuclear program will be the lifting of the embargo on oil supplies. Thus, the White House plans to further bring down world energy prices in order to inflict an even more painful blow on Russia. The "bargaining chip" in this ...

BBC: Ukrtransneft and Ukrneft: two stories with a common denominator

Since March 19, the Supervisory Board of Ukrtransneft decided to remove the chairman of the board of the company, Alexander Lazorko, from his post, and the Verkhovna Rada approved changes to the law on joint stock companies, which, according to its developers, should return control of Ukrneft to the state, the situation ...

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