Oilgame

State-owned gas monopoly Gazprom of Russia has reported that its export revenue surged 43 percent last year to a record mark $37.2 billion. Gazprom supplies almost a quarter of Europe's gas consumption. The export revenue of the firm shot up last...

In a major breakthrough in Russian-Belarus economic and political disputes that witnessed disruption of oil shipment to Europe, Russia agreed to slash the duty for crude oil flowing to Belarus. Under the agreed terms now Belarus will pay $53 per...

China has asked the U.S. to stop interfering in its trade affairs with Iran, after Washington expressed apprehensions over a planned energy deal with Iran. Reacting sharply over the issue, Beijing said that plans by the state owned energy company...