natural gas

Iraq's Oil Fields in the Southeast

Iraq hosts major oil fields, including the super-giant Rumaila, in the southeast. Pipelines carry the crude and the natural gas to export terminals at the northern tip of the Persian Gulf.

Ukraine Halts Russian Gas Purchases After Price Talks Collapse

Ukraine said it would not buy natural gas from Russia after negotiations over prices failed. Russia said it would maintain its price of $247 per 1,000 cubic meters with a discount of about $40. Ukraine sought a deeper discount. Ukraine officials said they would buy natural gas from other sources but seek to resolve the issue with Russia before the heating season.