Rosneft‘s profits jumped an overwhelming 80% following its purchase of Yukos assets. Gazprom is to attend talks with Ukraine’s high-level energy delegation as Ukraine’s new government seeks to revise the terms of agreements with Moscow. It is thought that Prime Minister Yulia Tymoshenko, who promised to eliminate all intermediaries in gas trade with Moscow last year, will seek “tough action”. World Energy An economist from BP says that world oil production may peak in the coming years “because of a decline in demand for petroleum rather than constraint on supply.”