How the US shale revolution changed the face of geopolitics July 8, 2019 In theory, we all know that major technical revolutions change and fundamentally disrupt the face of the world we live in. In practice, analysts of all stripes are too often glacially slow to realise this process when it is at work, let alone what it means. These events (such as the advent of the mass-produced [...]
Burford Capital rebuffs news of possible ‘revenge porn’ law suit September 10, 2019 Litigation funder Burford Capital has hit back after reports it could be facing a private prosecution for an alleged breach of England’s “revenge porn” laws, in the latest development in an ongoing legal battle on both sides of the Atlantic. It was alleged in a High Court lawsuit last month that Burford executive Daniel Hall [...]
Gazprom profits double on higher European gas sales April 29, 2019 Record sales in Europe helped Russian energy giant Gazprom double its profits last year, it said today. The company’s profits reached nearly 1.5 trillion roubles (£17.5bn) in 2018. Read more: Plexus shares hit oil as licensee signs deal with Gazprom The big profits were helped as its exports to Europe and Turkey reached a record [...]
Venezuela looks to Russia for oil exports as US sanctions bite the Maduro regime March 18, 2019 Venezuela may divert its US oil exports to Russia, the country’s oil minister said today after the Trump administration slapped sanctions on the country. Manuel Quevedo, who is also president of state-run oil company PDVSA, said oil initially headed to the US could be re-routed to other countries. Read more: Venezuelan opposition prepares to confront [...]
Brexit disorder could dampen global oil thirst, International Energy Agency says March 11, 2019 A “disorderly” Brexit could hit international demand for oil, the International Energy Agency (IEA) said today while also warning of the impact of trade wars. The projection comes after the International Monetary Fund (IMF) downgraded its short-term outlook as economic sentiment weakens in many countries. Read more: Will global growth slowdown force more OPEC production [...]
Burford executive accused of exchanging documents for sex tape in lawsuit August 22, 2019 A senior executive at Burford Capital has been accused of unlawfully trading “sensitive” documentas for a sex tape in a $91m (£75m) lawsuit in the High Court. The lawsuit marks the latest battle for the troubled litigation funder, which was subject to a short attack by US firm Muddy Waters earlier this month. Daniel Hall, [...]
Oil bounces back following reports Russia is prepared to cut output November 29, 2018 Crude oil prices today clawed back losses following reports that Russia has accepted the need to cut its output. Brent crude, the global benchmark, rose steeply today to $59.26 a barrel after closing at $58.12 yesterday. US West Texas Intermediate also recovered, having fallen below $50 a barrel for the first time since October 2017. [...]
Oleg Deripaska among Russian oligarchs slapped with new US sanctions May 3, 2018 The US has imposed sweeping sanctions against Russian oligarchs, as the Trump administration continues its assault against friends of President Vladimir Putin. Billionaires Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov and Kirill Shamalov, who the US said is married to one of Putin’s daughters, are on the hit list revealed by the US Treasury this afternoon. [...]
Friends disunited: US imposes sanctions on Russian oligarchs including Oleg Deripaska April 6, 2018 The US has imposed sweeping sanctions against Russian oligarchs, as the Trump administration continues its assault against friends of President Vladimir Putin. Billionaires Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov and Kirill Shamalov, who the US said is married to one of Putin’s daughters, are on the hit list revealed by the US Treasury this afternoon. [...]
Oil prices soar as US and China agree to hold fire in trade war December 3, 2018 Oil prices soared overnight after a ceasefire in the US-China trade war was announced yesterday. International standard Brent crude was up 4.7 per cent to $62.42 a barrel this morning UK time. At the G20 meeting in Argentina over the weekend the US and China, the world’s two largest economies, agreed not to impose new [...]