Oilgame

The Gas Exporting Countries Forum (GECF), at its first meeting in last two years, decided to set up a group of experts to study how to strengthen the group, which has so far exercised very little power. The move is widely perceived as a step...

The much debated 'gas OPEC' is not expected to be formed during the Qatar-host Gas Exporting Countries Forum (GECF) starting from Monday. However, discussions of such a cartel seem to be on top agenda of the meeting. The Doha meeting, the sixth...

Qatar schedule to host the meeting of major Gas Exporters countries in April, which has 14 member and hold 70 percent of the total world's reserves, aims to shape another group along the lines of the Organization of Petroleum Exporting Countries...

Russian president Vladimir Putin has recently indicated that Russia is interested in creating a 'gas OPEC' to organize supply activity and to ensure energy security. However, despite Putin's insistence that the organization will not be a cartel...

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...

The recent standoff over oil prices between Russia and Belarus has sent rippling effects to Europe, triggering debates on alternative energy and the reliance on fuel coming through regions trapped in precarious politics involving Russia and other...

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...

Belarus has restarted pumping Russian oil to European nations which was earlier blocked by Russia. Druzbha pipeline resumed oil supplies to Poland, Germany, Ukraine and Slovakia after ending a row over the gas prices between Russia and Belarus. While.

The latest Russia-Belarus row over gas prices seems to be running in deep crisis as the Russian State pipeline operator Transneft cut oil supplies to Belarus. The recent Russian move has halted oil supplies to Poland, Germany and Ukraine who were...

In an interesting development, Belarus hits back at Russia by slamming huge taxes on Russian oil transported through its pipeline to European countries. The decision was taken after three days when Belarus halfheartedly agreed to demands by the...