Energy Blast – Nov 7, 2008

A meeting between Dmitry Medvedev and Italian prime minister Silvio Berlusconi has led to a series of agreements in the energy sector – as well as the usual criticisms of Berlusconi’s style. TMK, which produces steel pipes for the energy sector, has signed a supply deal with India’s ONGC. Gazprom is to begin drilling for natural gas off the coast of Venezuela today. Is another oil price spike on its way?