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OPEC will not step in to support oil prices: Kuwait OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said, as Brent crude breached the $60 mark.

17 December 2014

Russia grapples with shock ruble fall The Russian currency crashed to unprecedented lows trading at 80 rubles to the dollar and 100 to the euro.

17 December 2014

Ikea ruffles a few feathers with first Korean store Global furniture giant Ikea opens its first store in South Korea, a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.

16 December 2014

Kazakhstan-based airlines banned from flying to Europe According to the EC, Air Astana is eligible to perform flights to Europe only when using certain types of aircraft. The statement didn’t specify the types of the aircraft.

12 December 2014

What's with the gasoline prices in Kazakhstan? Kazakh government is lowering gasoline prices. But for how long? And does it address the fuel deficit in the country?

11 December 2014

Turkey wants share of Mediterranean energy wealth: PM Turkish Prime Minister said his country wanted a share of the energy deposits off the shores of Cyprus, an issue that has strained ties with both Nicosia and Athens.

06 December 2014

France and Kazakhstan to sign agreements worth $530.3 million For the first 9 months of 2014 the bilateral trade turnover figure made up $4.7 billion, with major Kazakhstan’s exports being oil, metals and chemicals.

05 December 2014

First Vice Energy Minister refutes anticipated substantial petrol prices hikes Earlier a Senator said that Western oil majors operating in Kazakhstan were willing to supply crude to be processed for domestic consumption at global prices.

03 December 2014

Kazakhstan's 2014 oil production figure expected to be lower than 2013 figure: Energy Vice-Minister Back in 2013 Kazakhstan produced 81.731 million tons of oil, including condensed gas, 3.2% up against 2012.

03 December 2014

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Kazakhstan to meet domestic demand for cement shortly According to Vice Minister for Investments and Development, Kazakhstan has a vast cement production potential, however in the current year the country has imported over 1 million tons of cement.

02 December 2014

Overhaul of Shymkent-based oil refinery postponed to spring 2015 Not to slow down the production rates at the start of next year and to keep all the indicators in line with plans, the overhaul has been postponed from this year’s autumn to the spring of 2015: South Kazakhstan oblast governor.

28 November 2014

Kazakhstan suspends power supplies to Russia over rouble depreciation Kazakhstan is looking for alternative markets for its coal as Russia is seeking to replace Kazakhstan’s coal with coal mined at Russia’s Kuzbass.

28 November 2014

Oil prices mixed ahead of key OPEC meeting Oil prices were mixed in Asia ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.

24 November 2014

'Call of Duty' blasts past $10 bn in sales Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales.

21 November 2014

China to double Iran energy investment: official China will double its investment in Iran's energy projects, ahead of a deadline for a deal with world powers over Tehran's nuclear programme.

17 November 2014

Kazakhstan should join BRICs? - The Banker The Banker's chief editor Brian Caplen says it makes sense for BRICs to invite Kazakhstan to join the alliance.

14 November 2014

Kuwait sees no output cut at OPEC meeting OPEC is not likely to cut crude output when it meets later this month amid hopes that the market will absorb surplus supplies, the Kuwaiti oil minister said.

11 November 2014

Kazakhstan not ready for electromobiles: expert Eduard Edokov, the head of the Independent Automobile Union of Kazakhstan, says that Kazakhstanis are not yet ready to transition to electromobiles both because of their mentality and the lack of infrastructure in the country.

09 November 2014

Russian central bank ready to step in to stop ruble panic Russia's central bank said it was ready to step in to protect the crashing ruble, after the currency was hammered by a day of panic selling.

08 November 2014