News

Fourth quarter profits declined to $2.1 billion from $7.3 billion a year earlier

KKR lifeline buys time for Coryton

Kohlberg, Kravis & Roberts (KKR), the US buyout firm, threw a lifeline to the Coryton refinery in Essex yesterday, striking an agreement that will keep it in business for the next three months.

You may strike it rich playing oil explorer roulette

Investment Insider

Sudden spike in price of crude oil raises costs for manufacturers

A sudden spike in crude oil pushed up manufacturers' costs in January, giving the Bank of England a fresh inflation warning a day after it voted to pump an extra £50bn into the struggling UK economy.

Gas price fall sees BG slash fracking in US

BG Group is dramatically scaling back plans to employ the controversial practice of "fracking" for shale gas in the US.

Gas price at a six-year high

Wholesale gas prices touched a six-year high of £1 a therm yesterday as the big freeze showed no sign of letting up in Britain and across Europe.

Europe is too emotional about fracking, says Shell chief

Shell's chief executive, Peter Voser, called on Europe for a less "emotional" response to fracking, as he outlined plans to accelerate the oil giant's use of the controversial technology used to release hydrocarbons from rocks.

Over 40 interested in Coryton refinery

Administrators to an oil refinery which went bust have received over 40 expressions of interest from companies around the world, the Government announced today.

Shetland oil drilling contract agreed

Oil giant BP has announced a multimillion-pound contract with a specialist offshore engineering firm for the second phase of a massive project off the Shetland Islands.

Shell profits soar to £18bn

Oil giant Royal Dutch Shell today reported profits of 28.6 billion US dollars (£18.1 billion) for 2011, a jump of 54 per cent on a year ago.

BP deal keeps Coryton in operation

BP threw a lifeline to Coryton yesterday, striking a deal that allowed the bankrupt oil refinery to buy a fresh cargo of crude that will keep it running for a few more days.

Rescue workers search for victims after a building collapsed near the Municipal Theater in Rio de Janeiro

Three bodies found after building collapses in Rio de Janeiro

Three bodies were pulled from the rubble of three collapsed buildings, an official with the Rio de Janeiro Fire Department said. Another 21 people were still missing after the buildings went down in the city's historic center.

Margareta Pagano: Straits stand-off could sink fragile growth in Europe

Midweek view: Saudi Arabia and Israel, for different reasons, hate Iran, while the US hawks want regime change in the country

Motorists face record fuel prices as refinery goes into administration

Motorists are bracing for record fuel prices after London's biggest oil refinery went bust yesterday, putting about 1,000 jobs at risk.

Leading article: We want a deal with Iran, not a war

The decision yesterday by the European Union to ban imports of Iranian oil from July has sparked renewed threats from Tehran to close the Strait of Hormuz. It makes even more perilous a confrontation that could yet lead to war, even before a Western attack on Iran's nuclear facilities.

Cairn calls up Statoil for Arctic quest

Cairn Energy, the explorer whose bid to find commercial quantities of oil in Greenland has been a consistent disappointment, has brought in Norway's Statoil as a partner to help with the next phase of Arctic exploration.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project