Gazprom: the mighty is falling
Petroleum Economist, UK -2 hours ago
The price of oil has also fallen, although not as steeply as Gazprom's stock. Crude prices last month were just over half of their price in June.

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UPDATE 1-Eni Q3 adj net, output beat forecasts
Reuters -5 hours ago
MI: Quote, Profile, Research, Stock Buzz) posted forecast-beating third-quarter adjusted net profit and hydrocarbon output on Friday and said it had enough
Eni Profit Gains 37 Percent on Oil Prices, Output (Update2)Bloomberg
Italy's Eni 3Q net profits up 37 percentThe Associated Press
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MOSCOW. Oct 31 (Interfax) - The RTS index is consolidating around 750 points following a downward correction in the morning resulting from negative trends on global stock and raw commodities markets, which has led to profit taking. The market’s main blue chips were down 2%-8.4% as of 12:30 p.m.

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Oct. 31 (Bloomberg) — Russian stocks declined for the first time this week, following a 19 percent rally in the benchmark Micex Index yesterday. OAO Gazprom , the world’s biggest natural-gas producer, and VTB Group led the drop.

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Transgaz, Romgaz and Gazprom managers to meet again in December
Financiarul, Romania -27 minutes ago
Russian company Gazprom managers again in December, Transgaz says in a press release published on the Web site of the Bucharest Stock Exchange (BVB).

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Stocks Surge by Nearly 20%
The Moscow Times, Russia -12 hours ago
31 October 2008By Jessica Bachman / Staff WriterThe country's stock markets rallied nearly 20 percent for a third consecutive gain on Thursday,

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U.S. markets posted gains Thursday in spite of the gross domestic product indicating the U.S. economy shrank in the third quarter.The GDP fell 0.3 percent July through September, the government said. U.S. jobless claims, however, were unchanged in the week.In Russia, the RTS gained 17.81 percent, while the MICEX stock exchange gained 19.46 percent with surges in state-run banks VTB and Sberbank. …

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Emerging-Market Stocks, Bonds, Currencies Gain After Fed Move
Bloomberg -32 minutes ago
OAO Gazprom and OAO Lukoil contributed the most to the gain. Gazprom jumped 20 percent to 130.33 rubles. Lukoil added 16 percent to 1023.75 rubles.
Developing Nation Stocks Jump 23% From Low, Exit Bear MarketBloomberg
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MOSCOW, October 29 (RIA Novosti) - Russia’s stock exchanges, the RTS and MICEX, showed strong growth during Thursday trading, with their benchmark indices climbing almost 18% and over 19%, respectively.

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31 October 2008 By Jessica Bachman / Staff Writer The country’s stock markets rallied nearly 20 percent for a third consecutive gain on Thursday, following a big rise in crude prices the day before and a coordinated international effort to boost liquidity.

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