$30bn Oil Pipeline from Russia to India and China make headway

A $30 billion oil pipeline would be built from the Altai Region through northwest China into northern India.

Lawsuits: Firtash Gas sues Ukraine for $130M, Ukraine to sue Russia

Firtash gas company is suing Ukraine for USD$ 130 million for blocking the sales of gas produced by Karpatygaz.

Obama’s Fantasy: Using US Energy ‘Boom’ Against Russia

by Dan Dicker March 16, 2014 (TSR) -  It is with incredible equanimity that the media has digested the announcement of a 5 million barrel ‘test’ release from the Strategic...

Reality Bites: EU to find it difficult to wean itself off Russian gas

Europe will have trouble weaning itself off Russian natural gas, analysts say, as it faces declining production at home and Asian competition for supplies. Even before the current flare up of tensions with Russia over its possible annexation of Ukraine's Crimea peninsula, Europe has been trying to reduce its dependence on Russian supplies.

Iraq, Iran unite to challenge Saudi influence in OPEC

Iraq is poised to flood the oil market by tripling its capacity to pump crude by 2020 and is collaborating with Iran on strategy in a move that will challenge Saudi Arabia's grip on the Organization of Petroleum Exporting Countries (OPEC), a report says.

Cuban-Venezuelan Oil Refinery Begins Operation

Cuban-Venezuelan oil refining firm Cuvenpetrol S.A., which has been operating in this south-central Cuban city since 2007, begins production.

Stressed algae cells make more fat, could aid biofuel production

Algae cells make fat quickly, a finding that means they could hold promise as a sustainable, environmentally sound source of oil.

Syria sends oil to 2-year high, $150 spike feared

Oil has jumped to a two-year high and could see Brent spike as high as $150 per barrel as US and western allies move towards a military strike on Syria.

Your iPhone amazingly uses more energy than your refrigerator

Here's an irony to the eco-friendly: iPhones burn through significantly more energy than a new mid-sized refrigerator, according to a new study.

Red October: China to overtake US as world’s largest oil importer – EIA

Fueled by a rising population and industrial production, China’s net oil imports are set to outpace that of today’s leader – the USA – in October 2013.

Nigerian businesses urge parliament to pass key oil reform bill

Nigerian businesses called on the country's parliament to urgently pass a landmark energy bill, saying the legislation holds the key to solving corruption and other forms of fiscal problems in Africa's biggest oil producer

South Korea increases Iran oil imports by 16 percent

South Korea has extended crude imports from Iran by 16 percent in June 2013 compared to the previous month despite the illegal US-led unilateral sanctions imposed on the Iranian oil and financial sectors.