There may be a shale oil deposit in Russia’s Siberian region larger than the Bakken. Exxon Mobil is investigating and oil service firms are “shipping equipment, technology and drilling crews from the Bakken and the Eagle Ford in Texas to Siberia, in what is becoming a full-scale west-east technology transfer.” [Financial Times]

The Sudanese government announced fuel subsidy cuts that would boost revenue and help manage their trade deficit, but widespread protests have broken out as a result. [Reuters]

As the risk of a US credit default increases, investors buy up more US debt. Huh? [Quartz]