Crude oil prices tumbled on Monday, with Brent and U.S. crude hitting their lowest levels since May 2009, reversing early gains on selling by investors convinced that supply disruptions in Libya would not offset a global supply glut.

• December 29, 2014

Russia resumed gas flows to Ukraine on Tuesday after halting them six months ago in a dispute over prices and unpaid debts, Ukraine's gas transport monopoly said.

• December 9, 2014

George Vlad Niculescu
Following closely after the ground-breaking Turkey-Russia gas export/pipeline MoU announced last week, another agreement was publicized between the Iraqi government and the KRG that could send additional KRG gas to Turkey. Some argue that, if the KRG ramps up and exports significant volumes, it could pose problems for Putin’s new plan. EGF Affiliated Expert Ahmed Mousa Jiyad explains why this is unlikely. READ MORE

• December 9, 2014

European Commission President Jean-Claude Juncker has insisted the $40 billion South Stream natural gas pipeline can still go ahead and accused Russia of holding EU-member Bulgaria to ransom when it said it had abandoned the project.

• December 4, 2014

U.S. and EU leaders will on Wednesday pledge to work together on sanctions and on strengthening the energy security of Europe and Ukraine, as they seek to present a united front to Russia, a draft document said.

• December 3, 2014

U.S. Secretary of State John Kerry will talk to European allies this week about imposing further sanctions on Russia if pro-Moscow separatists in Ukraine do not halt violence, a senior State Department official said on Tuesday.

• December 2, 2014

Russia's Gazprom (GAZP.MM) on Monday cancelled a project to construct the South Stream pipeline to supply gas to southern Europe - an apparent casualty of the dispute between Moscow and the West over Ukraine.

• December 1, 2014

Russia's most powerful oil official Igor Sechin said in an interview with an Austrian newspaper that oil prices could fall below $60 by mid-way through next year.

• November 28, 2014