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Category: Energy

Why oil’s ‘big three’ just got bigger: Saudi Arabia, Russia and the US are still calling the shots

1 / 2Saudi Arabia’s Oil Minister Khalid Al-Falih talks to journalists at the beginning of the OPEC meeting in Vienna. (Reuters) 2 / 2Power play: The US influence on OPEC’s Vienna summit was all-pervasive as delegates from member states grappled with the question of substantial output cuts in pursuit of stable crude prices. (AFP)Next DUBAI: The meeting […]

rom to cut hundreds of traders as Kremlin retreats from West

Gazprom to cut hundreds of traders as Kremlin retreats from West Russian gas giant Gazprom (GAZP.MM) will cut hundreds of jobs at its overseas trading and export offices, including Britain, and move them to St Petersburg, according to two sources familiar with the plan, which comes at a time of rising tensions with the West. […]