IEA warns of an oil supply crunch; China National Petroleum Corp., North Oil, sign a deal; Putin wants some control over oil prices.

MOSCOW, Nov. 5 (UPI) -- The Organization of Petroleum Exporting Countries may cut production by 10 percent if world crude prices do not recover, Gazprom said Wednesday.

MOSCOW, Oct. 31 (UPI) -- The Russian Federal Anti-Monopoly Service found oil majors Rosneft and LUKoil exploited their market positions to keep energy prices high, the service said.

MOSCOW, Oct. 30 (UPI) -- The top two Russian oil firms warned of further production cuts in 2009 if prices continue to stagnate or Moscow does not intervene to lower taxes.

MOSCOW, Oct. 22 (UPI) -- Russian banking major VTB said the oil producers in the country may have to pull back on their planned investments if world crude prices continue to decline.

MOSCOW, Oct. 22 (UPI) -- Russian oil company TNK-BP became the third such firm in the country to transfer the decline in world energy prices onto its consumers Wednesday.

MOSCOW, Sept. 29 (UPI) -- The Russian Federal Anti-Monopoly Service charged the top five Russian oil and gas firms with conducting unfair business practices and price fixing.

BELGRADE, Serbia, Sept. 24 (UPI) -- The Serbian government said there are no obstacles remaining for the acquisition of the state-owned oil firm Naftna Industrija Srbije by Russia's Gazprom.

TEHRAN, Sept. 19 (UPI) -- Iranian oil officials announced plans Friday to send a delegation to Moscow to discuss the joint development of Iranian oil fields.