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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

Ten 'crude' years: Manoeuvres, wheeling and dealings at Opec over a volatile decade for oil markets

Having spent the last 10 years covering Opec, the IBTimes Business Editor provides a peek inside the 'central bank of oil'.

Nov 29, 2017

By Gaurav Sharma

OPEC

Oil plunges from 2-year highs ahead of Opec meeting

Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.

Nov 27, 2017

By Gaurav Sharma

OPEC Russia

UK energy prices to decline through to 2022 as 'cheap gas imports' rise

Falling demand and lower wholesale gas prices would cut power prices, research suggests.

Nov 23, 2017

By Gaurav Sharma

Brexit

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