Energy Sector

OPEC oil price inches back above 35 dollars

Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose back above the 35-dollar-mark Wednesday, the cartel announced Friday.

One barrel (159 litres) of OPEC-produced crude stood at 35.58 dollars at mid-week, 0.63 dollars higher than on the previous day.

Russia, Ukraine still in stand off, gas flow to Europe constant

Russia, Ukraine still in stand off, gas flow to Europe constantMoscow/Kiev - Russia and Ukraine remained in a stand off on energy pricing on Friday, as gas deliveries to Europe continued practically uninterrupted.

US urges Ukraine, Russia to settle gas dispute

Washington  - The United States Thursday urged Russia and the Ukraine to resolve their dispute over payments and debts owed for natural gas in a "transparent, commercial manner."

Gazprom says it has cut 100 per cent of gas to Ukraine

Moscow/Kiev - Russia's gas export monopoly Gazprom said it has fully cut gas deliveries to Ukrainian consumers on Thursday.

A spokesman for Gazprom said it had cut 100 per cent of supplies, or 110 million cubic metres of gas per day, meant for Ukraine from 10 am Moscow time (0700 GMT) after talks on a new deal for 2009 deliveries failed.

Gazprom says it fully cuts gas to Ukraine

Moscow/Kiev - Russia's gas export monopoly Gazprom said it had fully cut gas to Ukrainian consumers on Thursday.

A spokesman for Gazprom said it had cut 90 million cubic metres of gas per day meant for Ukrainian from 10 am Moscow time (0700 GMT) after talks on a new deal for
2009 deliveries failed.

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