EU Turns to Gas Inventory as Russian Imports Delayed on Oil

Bloomberg By Isis Almeida European traders are withdrawing natural gas from storage sites at the fastest pace since 2012 as oil’s collapse to a five-year low prompts buyers to delay imports of Russian fuel to take advantage of lower prices next year. Inventories at storage facilities in the 28 European Union nations fell 9.7 percent since […]

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Israel’s Gas Offers Lifeline for Peace

New York Times By Stanley Reed and Clifford Krauss THE TAMAR PLATFORM, Israel — Alarms rang out across the Tamar natural gas platform off the coast of Israel. The Israeli navy had detected smoky signs that a rocket might have been fired by Hamas from the shores of Gaza. As a voice over the loudspeaker […]

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Israel Dipping Into Lebanon’s Oil, Gas Reserves: MP

Press TV A member of Lebanon’s parliament says the Israeli regime has been stealing from the country’s offshore oil and gas reserves for years, echoing similar charges made earlier by Parliament Speaker Nabih Berri. “The Israeli enemy had started drilling for oil more than seven years ago,” said a Sunday statement released by parliament member, […]

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UK Energy Firms Go Under As Oil Price Tumbles

The Guardian  By Nick Fletcher The tumbling oil price has led to a trebling of insolvencies among UK oil and gas services companies so far this year, while £55bn of further oil projects reportedly under threat. Brent crude closed below $62 a barrel on Friday, a five-and-a-half-year low, amid fears of falling demand and oversupply […]

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Agitation Soon After Energy Price Hike

The Daily Star By Rashidul Hasan BNP Chairperson Khaleda Zia yesterday questioned why it would be an offence if people possess illegal arms as the ruling Awami League men “already have such firearms”. “Armed Awami League activists have been walking around in public. The government itself has supplied those illegal arms to its men who are […]

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Russia’s Energy Outlook Gloomy Amid Falling Oil Prices

The Moscow Times By Alexander Panin  While most oil-dependent economies are likely to suffer under the low and volatile oil prices predicted for next year, analysts paint a particularly dark picture for Russia, which is under the additional pressure of a faltering economy and Western sanctions over Ukraine. At the end of last week oil traded at below $59 per barrel, hitting a new five year minimum. Oil […]

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Saudi Arabia’s Oil War Against Iran and Russia

NY Post By Ralph Peters This week, oil fell through the price floor of $60 a barrel and gas at my local filling station was $2.26 a gallon. That’s great news for commuters and almost every business, but wonderfully bad news for our ugliest enemies. If oil prices remain low through next year, the effect […]

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oil pump

Oil Prices Hurting Putin More Than Ukraine Crisis

Forbes By Kenneth Rapoza Oil prices are hurting the Russian economy more than the Ukraine crisis. Despite sanctions and a lock-out of Russian banks from tapping credit from Western lenders, Vladimir Putin may still have the upper hand, at least strategically. Washington’s man in Kiev, Prime Minister Arseniy “Yats” Yatsenyuk, continues to portray Russia as […]

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The Link Between Israel and America’s Natural Gas Boom

Fortune By Jeffrey Kupfer Like the U.S., Israel recognizes the importance of having a secure domestic supply of natural gas, but they also recognize the strategic potentials of exporting it, says Jeffrey Kupfer, a fellow at the Asia Society Policy Institute. At several government and business meetings I attended in Israel last week, I was surprise […]

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