Gazprom’s Ukraine Talks Fuel Russian Energy Stock Rally - Bloomberg:
"Russian energy stocks rallied in U.S. trading amid speculation that OAO Gazprom’s deadline extension for natural-gas payments from Ukraine is a signal that tension is easing between the two countries.
The Bloomberg Russia-US Equity Index of the most-traded Russian companies in the U.S. rose 1 percent to 88.55 from a one-week low. OAO Surgutneftegas, the oil producer known as Surgut, was the best performer on the gauge. OAO Lukoil rallied the most in three weeks. Gazprom added 0.9 percent following a 1.7 percent rise in Moscow.
Energy stocks gained as state-controlled Gazprom extended the deadline for Ukraine to pay an estimated $1.7 billion bill after the country made its first gas payment in months. The company had demanded that the former Soviet republic pay bills up front or risk being cut off from supplies. Russia and the European Union resumed talks with Ukraine to resolve a dispute over prices."
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