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EU Commission welcomes announcement of gas deal

BRUSSELS (Reuters) – The European Commission welcomed on Sunday the announcement of a gas deal between Russia and Ukraine but warned there had been false hopes before and was waiting to see gas actually flowing to European customers. “The Commission welcomes the announcement in Moscow of Prime Minister (Vladimir) Putin …

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Winners and losers from Russia gas deal

MOSCOW (Reuters) – An overnight outline deal struck by the prime ministers of Russia and Ukraine aims to restore gas supplies to eastern Europe, crippled since January 7 in a dispute between Moscow and Kiev over prices. Following is a look at who stands to win and lose from the …

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Iran to Slash Oil Supplies to 21 Customers

TEHRAN (FNA)- Iran has informed 21 Asian and European customers that it will reduce oil sales to them. “Twenty-one Asian and European companies have been told that there will be a cut in part of their oil intake level proportionate to their contracts,” Iran’s representative to the Organization of the …

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