Rosneft hit by German hackers: Major cyberattack forces Putin crony’s oil giant to take systems down March 15, 2022 Russian energy giant Rosneft has been hit by a major cyberattack, according to various news reports in Germany. Germany’s Federal Office for Information Security, the BSI, confirmed that hacker group Anonymous has targeted several units of Rosneft, forcing the Russian oil company to take its systems down. Anonymous published a statement confirming responsibility for the [...]
Gazprom boss threatens to halt gas supplies if Europe backs price cap October 16, 2022 Russia would halt gas supplies into Europe if the price of its gas exports was capped warned Gazprom boss Alexei Miller.
Private bank Julius Baer fined £18m over ‘corrupt’ dealings with Yukos Oil November 30, 2022 The UK’s financial watchdog has fined private bank Julius Baer more than £18m over its “corrupt” dealings with Russian oil company Yukos Group. The UK’s Financial Conduct Authority (FCA) today fined Julius Baer’s international business £18,022,500 and sanctioned three of its executives, over the private bank’s use of third-party agents in carrying out business with [...]
Oil prices slump below $100 as IEA floods market and Shanghai lockdown cuts demand April 11, 2022 Oil prices have plummeted four per cent on both major benchmarks, with prices below $100 per barrel again after last month's rallies.
Global health at ‘the mercy of fossil fuels’, says report October 26, 2022 The world’s reliance on fossil fuels is compounding global risks to health following the height of the Covid-19 pandemic, said a new report last night. Risks include air quality, food and energy security, as Brits brace for a tough winter as oil and gas costs soar. The EU-funded Lancet Countdown, an annual report on climate [...]
Ukraine urges citizens to cut energy usage as EU squabbles over gas price cap October 20, 2022 Ukraine is encouraging its citizens to cut energy usage by 20 per cent this winter, amid growing concerns of blackouts this winter.
Russia threatens to halt energy shipments into Europe September 8, 2022 Russia could halt all energy shipments into Europe if the West pushes through proposals for caps on the price of gas, warned Putin.
Comparisons to the thirties are by no means overblown – and the City must react February 25, 2022 In his address to the nation yesterday, Boris Johnson made a reference both unimaginable just a few weeks ago and one that is now all too relevant. “This is not some faraway country of which we know little,” he said, a reference to Neville Chamberlain’s verdict on the Sudetenland as he readied for appeasement with [...]
Russia to pursue alternative buyers as West ramps up sanctions April 13, 2022 Russia will pursue alternative markets for its energy exports, revealed President Vladimir Putin, amid escalating tensions with the West.
Oil markets to open high as supply concerns escalate despite OPEC+ boost June 5, 2022 Oil prices will begin trading next week just below the $120 milestone, with expectations of rebounding demand putting pressure on tight supplies.