WorldOil China energy firm CEFC defaults after Rosneft deal fails As corporate defaults pile up in China’s onshore bond market, a unit of a once-promising energy conglomerate with $4.8 billion of debt and a checkered past said it won’t be able to meet its payment obligation Monday. Germany brushes aside U.S. objection to Russia gas pipeline link Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. Lukoil completes integrated geophysical model for Denisov license area in northern Russia Lukoil has built an integrated geological and geophysical model of fields and exploration structures of the Denisov depression in Timan-Pechora oil and gas province. U.S. threatens sanctions if Nord Stream 2 project proceeds The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions. Russia's OPEC deal dilemma worsens as idled crude capacity grows Russia will face a tough choice in talks with OPEC next month as an increasing number of its valuable oil wells lie idle. Qatar steps in to buy Rosneft stake as China deal collapses Qatar emerged as a major shareholder in Rosneft PJSC on Friday after a $9-billion deal to sell a stake in Russia’s state-run oil producer to China’s troubled CEFC Energy Co. collapsed. GlobalData says Russia’s new oil tax bill promises a big change, but has limited scope The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company. Russia stands by OPEC deal even after two months of overproducing Russia reaffirmed its pledge to an alliance with OPEC, despite two months of breaching its target under a global oil-output deal. OPEC's reason for sticking with cuts rests on shaky ground OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky. BP surges to 2010 high as analysts rave about beat, cash flow MOSCOW (Bloomberg) -- BP Plc analysts praised results which beat estimates thanks to strength in both the upstream and downstream divisions, helping to send the shares to an almost eight-year high.