Russia’s Gazprom expects their hydrocarbon reserves on Russia’s Arctic shelf to increase by 41.1 billion barrels oil equivalent by 2020. Gazprom currently has hydrocarbon reserves equal to about 100 billion tonnes of oil, mostly in the form of natural gas. The bulk of the reserves (about 70%) are concentrated in the Barents, Pechora and Kara [...]
Archive for January, 2009
Oil Falls to $34/Barrel
Posted in OPEC, Oil, tagged Crude Oil Prices, Oil, Oil Prices, OPEC on January 19, 2009 | Leave a Comment »
Amalgamated from various news services:
Oil fell more than $2 towards $34 a barrel today as signs of a resolution of a gas row between Russia and Ukraine and after a ceasefire between Israel and Hamas in Gaza eased supply concerns.
Russia and Ukraine were aiming to sign an agreement today to restart gas [...]
