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Brexit-backing fracking tycoon Jim Ratcliffe becomes Britain's richest man

Jim Ratcliffe topped the Sunday Times Rich List 2018 with an estimated worth of £21.05bn.

May 13, 2018

By Staff Reporter

Pointers from the financial market's performance in 2017 for the upcoming year

The past 12 months have been largely positive for the stock markets, but the macroeconomic scenario appears increasingly uncertain as we enter 2018.

Dec 18, 2017

By Carlo Alberto De Casa

Tycoon Jim Ratcliffe's expansionist streak sends his firm Ineos to bag yet another North Sea asset

A combination of aggressive acquisitions and expansion initiatives have transformed the petrochemical company in a matter of years.

Nov 21, 2017

By Gaurav Sharma

Scotland Brexit

Oil Futures Drop to New Lows on Global Growth and Oil Glut Concerns

Oil futures are spiking, so who's buying the rally?

The price of oil has risen quickly over the last week or so. However, substantial evidence indicating fundamentals have changed to justify such a speedy increase is yet to emerge.

Nov 10, 2017

By Marcus Dewsnap

OPEC

Saudi Arabia\'s $100bn corruption probe arrest count surpasses 200 people

Most of the detainees are being housed at the Ritz-Carlton in the kingdom's capital city of Riyadh.

Nov 9, 2017

By Associated Press

Saudi Arabia

Energy suppliers SSE and Npower in 'well advanced' merger talks

Two of the UK's 'Big Six' energy companies hope to form a mammoth supplier serving over 12 million households.

Nov 7, 2017

By Gaurav Sharma

Insider reveals 'culture of fear' that drove Kobe Steel scandal

Ex-employee tells IBTimes UK that senior managers at Japan's industrial giant were too scared or proud to admit failures that have now amplified into a colossal scandal.

Oct 27, 2017

By Gaurav Sharma

Shinzo Abe Japan

Theresa May's UK energy price cap will 'squeeze margins' for Centrica, SSE

Price controls unveiled by the Primer Minister could put some energy suppliers under severe strain, says ratings agency.

Oct 18, 2017

By Gaurav Sharma

Theresa May

Oil-rich South Sudan faces fuel shortage as 'people suffer'

Its a cruel irony that an economy which gets 98% of its revenue from oil faces one of its worst fuel crises following years of conflict.

Oct 13, 2017

By Associated Press

Japanese steel scandal grows as Kobe admits more cases of falsified information

Kobe Steel announces further instances of faked inspections data as its shares get a hammering in Asian trading.

Oct 13, 2017

By Staff Reporter

Japan

Japanese steelmaker ordered to reveal extent of inspection data manipulation

Kobe Steel, Japan's third-largest steel maker, has admitted that between 1 September, 2016 and 31 August 2017, it sold materials using falsified data.

Oct 11, 2017

By Associated Press

Japan

Opec Secretary General seeks US shale producers' help to cap excess global oil supply

Mohammed Sanusi Barkindo urges American oil producers to reduce production in a bid to prop up crude oil prices.

Oct 10, 2017

By Gaurav Sharma

OPEC

Theresa May's 'Miliband-light' energy price cap plan won't work, says Centrica CEO

Iain Conn, boss of the British Gas' owner, says move could have opposite effect and result in higher prices across the board.

Oct 5, 2017

By Gaurav Sharma

Ed Miliband Theresa May

Tycoon Jim Ratcliffe's Ineos' continues aggressive North Sea expansion as it seals Dong Energy deal

Petrochemicals company completes purchase of Danish firm's oil and gas business expanding its operations in the region.

Sep 30, 2017

By Gaurav Sharma

Oil lurks near $60 mark as Turkey threatens to blockade Iraqi Kurds

Brent futures spike on anticipation of higher demand and geopolitical tension.

Sep 26, 2017

By Gaurav Sharma

Turkey OPEC

BHP Billiton expects copper to be king in world of electric vehicles

Electric cars require four times as much copper to manufacture compared to traditional fossil fuel variants.

Sep 26, 2017

By Karthick Arvinth

$Russia\'s Gazprom$

Russia's Gazprom topples US behemoth ExxonMobil as the world's leading energy company

ExxonMobil's 12-year reign at the top comes to an end as lower oil price sends it tumbling down the pecking order.

Sep 25, 2017

By Gaurav Sharma

'Big oil' players are not 'big data' laggards, says tech start-up co-founder

Babur Ozden, co-founder of Maana, who works with the biggest names in the oil and sector believes it's wrong to presume the industry trails digitally.

Sep 12, 2017

By Gaurav Sharma

Royal Dutch Shell LON:RDSB Microsoft