News

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

US Independence: Shale gas helps make it self-sufficient in energy

US to become world leader in oil and gas thanks to fracking

The United States will leapfrog Saudi Arabia and Russia to become the world's biggest producer of oil and gas in the next five years as the controversial practice of "fracking" for hydrocarbons contained in shale rocks has enabled the country to increase production massively, according to an authoritative new report.

Squeezing out the last few drops out of the UK's oil industry

Petrol sale slumps have left oil refineries on the brink of closure, reports Mark Leftly

Last Night's Viewing: Secret State,Channel 4
Comic Strip Presents...Five Go to Rehab, Gold

It's quite a cheeky touch to open your four-part political thriller with the question "Seen enough?" Who, after all, could answer "Yes" that early in the day, particularly as Secret State, Robert Jones's very free adaptation of Chris Mullin's thriller A Very British Coup, opens with a tantalising vision of local apocalypse. A pair of very shiny shoes is crunching through the cinders of a disaster zone – revealed, when the camera pulls back, as a blasted Northern town.

Oil prices rise as US refineries restart after Hurricane Sandy

The restart of refineries in the storm-hit northeastern United States gave a small boost to crude oil prices on Thursday.

London listing for Russian seismic data analyst

IG Seismic Services is set to become the latest Russian company to float in London after the geophysical data analyst, chaired by a former first deputy governor of the resource-rich Komi Republic, announced a $200m (£124m) listing.

BG Group shares sink 14 per cent as output forecast gives causes for alarm

Shares in BG Group fell by 14 per cent to hit a two-year low yesterday after the gas producer that was spun out of British Gas admitted that its 2013 production forecasts were wrong and told the City not to expect any growth next year.

Floodwaters from superstorm Sandy surround homes in South Bethany, Delaware

Oil prices rise on Superstorm Sandy threat

Oil prices rose today after a Superstorm Sandy caused havoc across the north-eastern US and threatened to inflict more damage inland.

Superstorm Sandy may cost States up to $50bn as stock exchange stays shut

First time bad weather has shut NY market for two consecutive days since 1888

Shell fired up for Fram gas boost

Shell said that its Fram field in the North Sea would be up and running within three years and will provide 5 per cent of Britain's gas at peak production, after winning government approval for the project.

BP and Rosneft reveal details of £17bn Russian oil deal

Rosneft has agreed to buy BP's 50% stake in its troubled TNK-BP joint venture

BP due to announce £17bn deal with Rosneft

BP could unveil a $28bn (£17bn) deal with the Russian state-controlled oil group Rosneft as early as today.

BP and Rosneft in talks to finalise details of £17bn Russian oil deal

BP could unveil a $28bn (£17bn) deal with the Russian state-controlled oil group Rosneft as early as today.

Rosneft's TNK-BP takeover set to create biggest oil firm

Rosneft was on course to buy both halves of the TNK-BP Russian joint venture for an estimated $56bn (£35bn) last night after holding audacious overlapping takeover talks with the owners, BP and the AAR consortium.

Total warns about 'inaccurate' oil prices

With the fires from the Libor scandal still burning, the temperature is rising in the oil markets amid mounting concerns that this could be the next of the City's dark corners to blaze into life.

Total sounds a warning on 'inaccurate' oil prices

After Libor, the French giant's concerns could ignite latest scandal in markets
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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
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Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Transfer window: Ten things we learnt

Ten things we learnt from the transfer window

Record-breaking spending shows FFP restraint no longer applies
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent