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Russians, Qataris and Iranians met in Teheran on Tuesday to discuss setting up a natural gas cartel, similar to the oil-based Organization of Petroleum Exporting Countries (OPEC).
The notion of a gas cartel was brought up in January 2007 by Iran’s supreme leader, Ayatollah Ali Khamenei, but it is now gaining momentum and may require just a few more meetings before an accord is finalized.
Iran, Russia and Qatar account for nearly a third of the world’s natural gas exporters.
The European Union relies on… Read the rest

Continue Reading Iran, Russia, Qatar meet in Teheran to Discuss Natural Gas Cartel

Tags: Gas, gas cartel, iranian, Oil, opec, qataris, russians, teheran

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CNBCs Sharon Epperson: Traders gave a very large part of today trying to determine whether the inventory report released this morning was very bullish or bearish. The fact remains that it is very tragic. We started the morning with this price call from Goldman Sachs reiterate USD 149/bbl by the end of the year that is where the price of oil pipeline and then of course that we have the data from the energy department. The first thing you look at that big build in

Continue Reading Impact of The Small Increase in Natural Gas Supplies

Tags: drill, Gas, increase, Natural Gas, small, small increase

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BERLIN – Russia’s invasion of Georgian territory last week, in addition to a reconfirmation of Moscow’s military strength, is complicated Europe’s efforts to diversify its oil and gas supplies away from the growing dominance of the Kremlin-controlled energy giant Gazprom.
In the post-Soviet era, and especially since 9 / 11, Central Asia has become a central focus for the western countries in search of more secure energy sources.
But this week the offensive, while British Petroleum shut down an oil pipeline and temporarily stopped pumping

Continue Reading Georgia-Russia Conflict Shows EU’s Energy Vulnerability

Tags: 2010, conflict, Energy, eu, europe union, Gas, Georgia, nabucco, pipeline, russia, vulnerability