Oil prices jump as Donald Trump hints at imminent Russia-Saudi Arabia deal April 2, 2020 Global oil prices climbed off the floor of 18-year lows this morning after US president Donald Trump said he expected Saudi Arabia and Russia to reach an agreement soon to put an end to their price war. The combination of a production war and a slump in global demand due to widespread lockdowns caused by [...]
A data arms race has begun — it’s not a game, it’s a national security imperative July 31, 2020 Data privacy is a human right. It is also a matter of national — and international — security. If the “new Cold War” is upon us, as has been claimed on City A.M., it will be fought with information. However, the west seems less serious about the “data arms race” than China and Russia, leaving [...]
Shell set to sell Russian petrol stations May 13, 2022 UK-based oil giant Shell has announced it will sell its petrol stations in Russia as it continues plans to exit the country.
Oil prices: Markets hold their breath ahead of Opec+ meeting April 9, 2020 This afternoon’s crunch meeting between oil cartel Opec and Russia could send shockwaves through global energy markets and send oil prices spiking or crashing. For weeks oil prices have been in freefall due to a production war between de facto Opec leader Saudi Arabia and Russia. The pair are stuck in a dispute over production [...]
Analysis: Why oil prices turned negative, and might do again April 22, 2020 On Monday night oil prices turned negative for the first time in history, as traders started paying to have barrels of oil taken off their hands due to the total collapse in demand caused by coronavirus. The unprecedented scenes were a result of a number of coalescing factors which created a situation in which buying [...]
Oil prices drop to lowest level in a year amid increased US and Russian output December 18, 2018 Oil prices dropped sharply this morning to their lowest point in over a year as US output looks set to reach 8m barrels per day by the end of 2018. International standard Brent crude fell off a cliff at around 9am UK time, plummeting around four per cent to $57.27 per barrel. However it later [...]
FTSE 100 bounces back as Trump declares end to oil price war April 2, 2020 The FTSE 100 looked set to end the day on a high as US President Donald Trump said Saudi Arabia and Russia had ended their oil price war. Energy stocks jumped to propel the London index back into the green after a tumultous day for global stocks. Staggering data showed 6.6m US jobless claims occurred [...]
Oil price edges up on Opec production cuts hopes February 4, 2020 Oil prices showed signs of recovery this morning as officials from oil cartel Opec were set to meet in Vienna to discuss the rapid fall in prices due to China’s coronavirus outbreak. Brent crude clawed back 0.7 per cent to reach $54.92, whilst West Texas Intermediate, which on Monday breached the $50 mark, gained 1.5 [...]
Energy bills set to RISE next year as volatility spooks oil and gas markets November 6, 2023 Household energy bills will not ease any time soon, with forecasters warning that the energy price cap is now set to rise again.
Uzbekistan’s untapped tourist scene is a trove of hidden wonders February 15, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Noo Saro-Wiwa’s exploration of Uzbekistan. ••• Gold-leafed mosque interiors, silk carpets, smooth vodka, ninth century mausoleums and some of the best-looking people on earth — Uzbekistan is a hidden gem. And that’s not just [...]