Germany backs Qatar to meet energy needs with mega LNG deal November 29, 2022 Germany is gambling on Qatari gas supplies to meet its energy needs, as it shifts from Russian pipelined gas, with a long term LNG deal.
Market trends: The top five things on investors’ minds for 2024 January 12, 2024 As the investment industry undergoes huge change, Mitesh Sheth looks at the top five trends being eyed by equity investors in 2024.
OPEC+ finalises heavy oil output cuts in bid to boost sliding prices October 5, 2022 The world's most influential oil cartel, OPEC+, has agreed to its deepest cuts in production since the pandemic.
Joe Biden: Putin ‘not joking’ about using nuclear weapons October 7, 2022 US President Joe Biden has warned Vladimir Putin is “not joking” about using nuclear weapons and the world could face the prospect of “armageddon”. The leader of the free world made his comments at a fundraising event for his Democratic Party in New York, as the battle for eastern Ukraine continues to rage after Putin’s [...]
LNG fleets to overtake oil supertankers in global gold rush June 14, 2023 There will be more LNG ships than oil supertankers within the next five years, according to the latest findings from Global Data.
Boeing delays don’t take shine off Ryanair’s post-pandemic takeoff July 24, 2023 Ryanair saw its first quarter profits fly past pre-pandemic levels to €663m (£572m) in the three months up to the end of June as it cashed in on soaring demand and rising ticket fares. The budget carrier is currently operating its largest ever summer schedule and said passenger traffic rose 11 per cent to 50.4 [...]
Germany unveils £2.5bn gas deal with Trafigura to ease energy crisis December 5, 2022 Germany has secured a long-term gas deal with commodities specialist Trafigura to shore up its energy supplies over the coming winters.
Revolut chief Nikolay Storonsky renounces Russian citizenship October 30, 2022 The head of London fintech giant Revolut has renounced his Russian citizenship amid the Ukrainian government’s decision to sanction his Ukrainian born father over his position at Gazprom’s research arm. Revolut co-founder Nikolay Storonsky Jr previously held both British and Russian passports, but renounced his Russian citizenship in response to the country’s invasion of Ukraine, [...]
Frozen Russian assets should act as ‘wake up call’ for UK government, campaigners say November 10, 2022 The billions in Russian assets frozen by UK authorities since the start of the war in Ukraine should act as a “wake up call” to the British government, to ensure it never allows a “kleptocratic regime” access to the country’s economy again, campaigners have said. The record £18.39bn in assets frozen by the UK’s [...]
OPEC chief warns IEA not to undermine oil investment as war of words escalates April 27, 2023 OPEC's war of words with the International Energy Agency entered another heated chapter today amid concerns over oil demand.