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Crude oil pushes toward $96
KHABAROVSK, Russia, May 22 (UPI) -- Russian President Dmitry Medvedev proposed that the European Union help with a loan to Ukraine to secure natural gas supplies.
Ukraine has asked Russia for a $5 billion loan, RIA Novosti reported Friday. But "Russia should not be the only one tackling the problem," Medvedev said at a Russian-EU summit in Khabarovsk, Russia."
Russia has not approved the loan and has "doubts in relation to Ukraine's ability to make payments," Medvedev said.
Natural gas supplies to Europe have been disrupted on several occasions, including a winter dispute over Ukraine's gas bill that led to Russia shutting down supplies for two weeks.
The trans-Ukrainian pipeline delivers about 25 percent of Europe's gas supplies and the shutdown left Europeans scrambling for alternative heating sources.
As a cushion against further disruptions, Ukraine needs to fill underground storage facilities with about $4 billion worth of natural gas, Medvedev said.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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