Russian officials and experts warned that oil prices will remain below $80 per barrel for some time, after OPEC’s decision not to cut output. It will hurt the economies of Russia, Iran, and Venezuela – and deal a blow to shale oil production in the US.
There are three possible outcomes to the OPEC meeting: either they leave the situation as it is, or stick to a 30 million barrel per day ceiling, or cut oil production, Stuart Elliott, Senior Managing Editor of Europe & Africa Oil News, told RT.
A sinkhole 20 by 30 meters (65 by 98 feet) in size has been found near a Uralkali mine in Russia's Perm region. While the company says the development is of no further threat, locals fear the whole nearby town could go underground.
Britain’s first poo-powered bus has done the business - making its maiden journey through the west of England. The bus service, which will run between Bristol and Bath, is completely powered by treated sewage and food waste.
Two out of ten coal-fired power plants in Ukraine only have enough stock for a few days, as the key coal mines supplying the plants are located in Donbass where Kiev and self-defense forces are fighting, says Ukraine's Deputy Energy Minister Yury Zyukov.
Britain’s relationship with Somalia has come under scrutiny after a report detailing corruption in the east African nation was published by the UN. The Security Council report claims Somalia has traded arms with Islamist militants.
Dozens of vehicles carrying oil leave Syria’s petroleum capital, Raqqa, currently under IS control, every hour, earning the extremist group a million dollars daily, according to an oil refinery employee in the occupied city, who has spoken to RT.
Ukraine doesn’t see other options than to buy gas from Russia, or coal from the self-proclaimed Donetsk People’s Republic, to keep the country warm this winter, said Yury Prodan Ukrainian Energy and Coal Industry Minister.