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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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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Oil Price Falls Further on IEA Energy Forecast

BBC The IEA, a consultancy to 29 countries, said supply and demand would take “some time” to respond to sharp falls in oil prices. It said it was too early to expect low oil prices to start constricting a US supply boom. On Friday, Brent crude fell to below $63 a barrel, its lowest price […]

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In Natural Gas, All Pipelines Go Through Turkey

Al-Monitor  By Mehmet Cetingulec The number of projects that will turn Turkey into a natural gas bridge between East and West is increasing. Azerbaijan, Turkmenistan, Iraq, Iran, Russia and Israel all have a desire to transport natural gas to Europe viaTurkey. Turkey itself is a major natural gas consumer with its annual demand of about 50 […]

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Leonid Bershidsky: Vladimir Putin’s Gas Crunch

National Post By Leonid Bershidsky BERLIN — Ever since Russia became something of a rogue state in the eyes of its European energy clients, it has tried to demonstrate that it can mostly do without them — if not immediately, then in a few years’ time. Two major deals have been announced since the annexation of […]

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What To Buy To Benefit From Low Oil Prices. Part One: Turkey

Forbes Chris Wright We know the countries that are set to suffer from low oil prices: Russia, which this column has frequently discussed, is in a world of trouble; Nigeria, which has had to devalue its currency; and Venezuela, which hardly needed another reason to fall into turmoil but now has one, and is likely […]

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Ethanol Joins U.S. Fuels Dominating Global Export Market

Fuel Fix By Bloomberg The U.S. is adding ethanol to the list of fuels it dominates in world markets. Exports of the additive derived from corn rose 31 percent this year to the highest level since 2011, meeting demand from South Korea to Persian Gulf oil producers. The growth in sales follows a tripling of […]

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