American benchmark WTI crude briefly slipped below $40 per barrel for the first time since 2009, showing an eighth straight weekly decline , the longest streak in almost 30 years. During the intraday trading in New York, the benchmark WTI crude price dropped as low as $39.86 per barrel before settling at $40.45 – some 2.1% drop in one day. [...]

In May China imported a record 3.92 million metric tons of crude oil from Russia, which is equivalent to 927,000 barrels per day. Russia has become Beijing's top crude supplier for the first time since October 2005. “Russia is using its good relationship with China to increase supplies and has now taken the top spot,” Gao Jian, an analyst at Shandong-based energy consultant SCI Internationa [...]

More than a dozen minor earthquakes have struck western Alabama's Greene County since November. The area is near the Black Warrior Basin, where thousands of hydraulic fracturing natural gas wells have been operating in recent years. The Associated Press reported Sunday that Greene County has had 14 notable yet inexplicable seismic events since November 20, starting with a magnitude 3.8 quake 10 [...]

A new Texas law signed by Republican Governor Greg Abbott prohibits cities and towns from imposing local ordinances to prevent fracking and other potentially environmentally harmful oil and natural gas activities. In debating the law, Texas lawmakers emphasized the state’s successful development of oil and gas for more than 100 years. [...]

Serbia is interested in joining the Turkish Stream gas pipeline project, as it wants to ensure energy security for its citizens and cut dependence on deliveries via Ukraine, said the Serbian Minister of Foreign Affairs Ivica Dacic. "At present, we can express our readiness for participation in this project because we need reliable gas supplies," Dacic said at a news conference in Belgrade after [...]

The Turkish Stream pipeline will become operational in December 2016, said head of Gazprom Aleksey Miller. "An agreement [between Russia and Turkey] has been reached on operational commissioning and the start of gas deliveries via Turkish Stream in December 2016,” said Miller, according to a statement released by Gazprom. [...]

Electric car producer Tesla Motors has adapted battery technology for household and business applications. The wall-mounted batteries will make solar power more accessible and throttle grid consumption to diminish loads and bills. [...]

Russia's upper house of Parliament, the Federation Council, has ratified the plan to deliver 38 billion cubic meters of natural gas to China. The deliveries are slated to begin as early as 2018. The bill hashes through the detail of exactly how the nearly 4,000 kilometer long pipeline will be built and operated. [...]

Ukrainian supermarkets have imposed rationing of basic products after the drastic fall in the value of the hryvnia. The currency has lost 70 percent of its value causing people to stockpile food and buy electronics as a hedge. Restrictions apply for goods such as cooking oil, flour and sugar, Ukraine’s news agency UNN reports Wednesday. [...]

Russia will supply coal and electricity to Ukraine without prepayment, Vladimir Putin's spokesman said. Ukraine is trying to cope with energy problems amid an ongoing crisis in the industrial east. This proves the president’s political goodwill and support, “particularly before New Year,” said presidential spokesman Dmitry Peskov on Saturday, as quoted by TASS. [...]

The number one crude oil exporter, Saudi Arabia, has projected a $39 billion deficit in 2015. The impact of lower oil prices, along with the decision not to cut production, is putting pressure on the country’s finances. The figure was part of the endorsed 2015 budget, which was made public in a statement read out on state-run television on Thursday. [...]

So the EU “defeated” Putin by forcing him to cancel the South Stream pipeline. Thus ruled Western corporate media.  Nonsense. Facts on the ground spell otherwise. This “Pipelineistan” gambit will continue to send massive geopolitical shock waves all [...]

When President Putin makes his lightning one-day visit to India, the main thing on his mind will be power. He'll be discussing nuclear cooperation and energy when he meets Prime Minister Modi. “Nuclear energy cooperation is one of the pillars of our strategic partnership. We concluded two inter-governmental agreements in this field in 2008 and in 2010,” Putin said in an interview with India [...]

Out with boring public information leaflets and in with flashy TV ads. The German Ministry of Environment has come up with a series of commercials on the problems of climate change, featuring sex and zombies in the message. The scene: A young girl arrives home late one night and is confronted with the awkward situation of finding her parents engaged in the act inside a brightly lit room. After [...]

Moscow and Riyadh both want to see oil prices react to market forces, and not to geopolitical muscle flexing, Russian Foreign Minister Sergey Lavrov, said Friday. “Saudi Arabia and Russia believe that pricing should be market-oriented and let supply and demand play the decisive role. [...]

From Spider Man protesting in Hong Kong to Darth Vader running for parliament in Ukraine's elections; a world search for North Korea's 'missing' leader and Sweden's hunt for a mysterious 'Russian submarine' - RT offers you October headlines, made visual. The ongoing epidemic of the deadly Ebola virus has shown no sign of abating, being dubbed a "worse threat to humanity than HIV or SARS." [...]

A top US political consultant, dubbed "Dr. Evil", has been caught on tape at an industry conference, advising oil and gas execs to regard public policy as "endless war" and to play on people's fear and greed to lobby their interests. Richard Berman's speech, which he gave in June in Colorado Springs, was leaked to The New York Times by one of the participant's at the conference who said: "It ju [...]

Russia, the world's second-largest producer of natural gas, has launched its first auction of natural gas on Friday at the St. Petersburg International Mercantile Exchange (SPIMEX). It will be Europe's largest natural gas trading post. The project is intended to create a more competitive market for natural gas prices, which at present are more-or-less tied to oil. Now, independent producers wil [...]

Saudi Arabia has unleashed an economic war against selected oil producers. The strategy masks the House of Saud,s real agenda. But will it work? Rosneft Vice President MikhailLeontyev; “Prices can be manipulative…Saudi Arabia has begun making big discounts on oil. This is political manipulation, and Saudi Arabia is being manipulated, which could end badly.” [...]