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  • ASTANA, Nov 27- The European Union expects stable gas supplies this winter under a deal by Russia and Ukraine, a senior EU energy official said, even while Moscow has yet to resume shipments and Kiev has yet to pay in advance as agreed. Ukraine and Russia signed an agreement, brokered by the European Commission, at the end of October to cover gas supplies over the...

  • *Iran says some OPEC members want to battle for market share. VIENNA, Nov 26- OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June and raising the prospect of a global oil price war. "We are very confident that OPEC will have a unified position."

  • LONDON, Nov 26- The risk Britain will quit the European Union appears to be rising, which would be negative for the economy and might force Standard& Poor's to "reassess" its top-grade credit rating, the ratings agency said on Wednesday. Riding a wave of Euroscepticism in Britain, the anti- EU UK Independence Party has recently won two parliamentary seats, while the...

  • UPDATE 3-Saudi, UAE signal no push for OPEC oil cut Wednesday, 26 Nov 2014 | 8:53 AM ET

    *Iran says some OPEC members want to battle for market share. *UAE, Iran say non- OPEC should participate in any cut. Saudi Oil Minister Ali al-Naimi said he expected the oil market "to stabilise itself eventually" after talks with non- OPEC member Russia on Tuesday yielded no pledge from Moscow to tackle a global oil glut jointly.

  • Lack of coal may bring Ukraine to its knees this winter Wednesday, 26 Nov 2014 | 8:48 AM ET

    LONDON/ BRUSSELS, Nov 26- A shortage of coal, rather than gas, is likely to plunge Ukraine into freezing darkness this winter as conflict in its east seals off supplies that used to make it self sufficient. "We have no energy reserves now, everything works on maximum and every technical problem can lead to sharp power cuts," said Andrey Favorov, managing director of...

  • MOSCOW/ KIEV, Nov 26- In Russia, powerful friends helped him make a fortune. Russian government records reviewed for this article reveal for the first time the terms of recent deals between Firtash and Russia's Gazprom, a giant gas company majority owned by the state. According to Russian customs documents detailing the trades, Gazprom sold more than 20 billion...

  • Hungary looks to develop gas production Wednesday, 26 Nov 2014 | 7:41 AM ET

    WARSAW, Poland— Hungary is looking to start extracting unconventional forms of natural gas in a bid to help Europe's become less dependent on Russian energy imports, government officials said Wednesday. Hungary's unconventional gas deposits are estimated at some 1,500 billion cubic meters— enough to supply all of Europe for three years— but they are deep and...

  • UPDATE 1-Russia says will keep oil output steady in 2015 Wednesday, 26 Nov 2014 | 6:48 AM ET

    Russia, which is not an OPEC member, has watched nervously as oil prices have fallen 30 percent since June and analysts say Moscow had hoped to convince other members and non-members to support a production cut at an OPEC meeting on Thursday. After talks between Saudi Arabia, fellow OPEC member Venezuela and oil power Mexico ended without an agreement on Tuesday,...

  • LONDON, Nov 26- The impact of sub- $80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained firmly below $80 per barrel and around a third lower from June levels after Saudi Arabia signaled it was unlikely to push for a...

  • VIENNA, Nov 26- OPEC leader Saudi Arabia signaled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut. Iranian Oil Minister Bijan Zangeneh said some OPEC members, although not Iran itself, were gearing up for a battle over market share and...

  • VIENNA, Nov 26- OPEC leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut. Iranian Oil Minister Bijan Zangeneh said some OPEC members, although not Iran itself, were gearing up for a battle over market share and...

  • BRUSSELS, Nov 26- At a technology fair in Moscow last month, European executives faced the new reality of doing business in Russia since the West imposed sanctions: the number of companies at the international showcase had shrunk by half from a year ago. The company lost Russia's biggest shipbuilder as a client when the United States and the European Union...

  • Russia revs up oil bears ahead of OPEC meeting Tuesday, 25 Nov 2014 | 5:39 PM ET
    OPEC headquarters in Vienna, Austria.

    Russia revved up oil bears ahead of OPEC's meeting as the appearance in Vienna of Rosneft's CEO caused a swirl of talk about agreements and output cuts.

  • Buckwheat problem gives Putin food for thought Tuesday, 25 Nov 2014 | 4:33 PM ET

    MOSCOW, Nov 25- As if Russian President Vladimir Putin did not have enough to worry about with Western sanctions, falling oil prices and a collapsing currency, there is also now the price of buckwheat. Rumors that snow has ruined the harvest in the Altai region that grows the fruit seed have caused panic-buying in some areas and pushed up the price of one of Russia's...

  • US energy is growing—and so is US 'power' Tuesday, 25 Nov 2014 | 1:00 PM ET
    A floor hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Over the next 25 years, the U.S. will become a global energy powerhouse. That shift will reshape geopolitical power.

  • VIENNA, Nov 25- Talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut on Tuesday, with no side saying they would lower output despite a collapse in prices. In a day of shuttle diplomacy ahead of OPEC's crucial output meeting in Vienna on Thursday, Russian and Mexican energy...

  • *Shuttle diplomacy heats up ahead of OPEC meeting. VIENNA, Nov 25- Saudi Arabia met fellow OPEC member Venezuela and oil powers Russia and Mexico in Vienna on Tuesday, as some of the world's largest crude producers engaged in last-minute shuttle diplomacy in a bid to convince OPEC kingpin Riyadh to support prices. Saudi has kept the market guessing about its...

  • VIENNA, Nov 25- Venezuela will discuss oil-market "coordination" with OPEC heavyweight Saudi Arabia and major oil producers from outside the group, Foreign Minister Rafael Ramirez said on Tuesday, as the Latin American country tries to rally support for action to boost prices. Riyadh has kept the market guessing about its response to crude's near 30 percent...

  • France suspends delivery of warship to Russia Tuesday, 25 Nov 2014 | 6:53 AM ET

    PARIS— France suspended the delivery of a warship to Russia on Tuesday, after months of speculation about what would be the biggest arms sale ever by a NATO country to the Kremlin. Russia annexed Crimea from Ukraine in March. Russia's ambassador to France told The Associated Press on Tuesday that there's a grace period in the contract and Russia isn't demanding...

  • *Oil under pressure ahead of this week's OPEC meeting. LONDON, Nov 25- Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week. Asian stocks had dipped despite another record high for Wall Street overnight, and...