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Oil and Gas Business News

This business topic index page has the latest Oil and Gas business news stories from Fairfax Media newspapers and online sources.

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Traffic chaos after oil spill

Outbound traffic is backed up from the West Gate Bridge to the Domain Tunnel after an oil spill from a truck on the Bolte Bridge.

Oil holds ground at five week high

Crude oil traded near a five-week high on speculation that OPEC is implementing a production cut and concerns an expansion of the Gaza Strip conflict may disrupt Middle East supplies.

World disputes push oil prices up

Israel's ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports pushed oil prices above $US48 a barrel Monday.

Russia slashes gas exports to Europe via Ukraine: Kiev

Russian energy giant Gazprom has drastically cut gas deliveries via Ukraine, which will disrupt supplies to Europe, Ukrainian state gas company Naftogaz told AFP on Tuesday.

Russia slashes gas exports to Europe

Ukraine said Tuesday that Russia had drastically cut gas supplies to Europe and warned of "problems" ahead as several European countries reported that deliveries of Russian gas had stopped.

Russia 'drastically' cuts gas to Europe

Ukraine says Russia has drastically cut gas supplies to Europe.

Russia seeks EU monitor in gas dispute

Russia has asked the EU to provide monitoring of Ukraine's gas transit system and charged Ukraine was stealing gas bound for Europe.

Russia seeks EU monitoring as Ukraine gas dispute intensifies

Russia on Sunday asked the European Union to provide monitoring of Ukraine's gas transit system and accused Ukraine of stealing gas bound for Europe, as Kiev levelled its own charges.

Russia, Ukraine turn to EU over gas dispute

Russia and Ukraine seek support from the European Union to resolve dispute over gas supplies to the former Soviet state.

Po Valley secures gas sales in Italy

Po Valley Energy Ltd shares soared after it secured its first gas sales deal for production from its soon-to-be-commissioned gas fields in Italy.