GCHQ uses doctored websites including those from the business network LinkedIn to secretly install surveillance software on the computers of unwitting target companies and individuals it wants to spy on, the German news magazine Der Spiegel has reported.
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Friday 05 July 2013
The country's political upheaval has driven prices high, but fundamentals underpinning black gold are weaker than ever
Saturday 01 June 2013
Opec oil ministers agreed to keep the group’s oil output target unchanged for the rest of this year at their twice yearly meeting in Vienna yesterday.
Monday 15 April 2013
Voters narrowly elected Hugo Chavez's hand-picked successor as president today, in a razor-close election.
Saturday 31 December 2011
Wednesday 14 December 2011
The global economic downturn prompted the International Energy Agency to slash its forecast for oil demand growth yesterday by more than a fifth for the year.
Thursday 11 August 2011
Wednesday 10 August 2011
Friday 22 July 2011
Outlook So that went well. A month ago tomorrow, President Obama surprised world markets by persuading the International Energy Agency to release some of its oil reserves for only the third time in its 37-year history. The oil price immediately slipped back from about $113 a barrel to about $103.
Thursday 14 July 2011
Global demand for oil is set to accelerate in 2012, ramping up pressure on prices, the International Energy Agency (IEA) warned yesterday.
Friday 24 June 2011
Outlook There's no doubt Opec made a hash of its last meeting in Vienna, where the cartel could not agree on an increase in oil production. Still, the intervention by the IEA yesterday, led by the US, is a curious one. This is only the third time the IEA has released emergency reserves in this way. The last two occasions were in the aftermaths of the first Gulf War and Hurricane Katrina. Is the current situation really of that magnitude?
Thursday 16 June 2011
The International Energy Agency (IEA) upped the pressure on the Opec yesterday by hiking its oil demand estimates and warning of the “damaging implications” for the global economy if the oil producers’ cartel does not increase supply.
Sunday 12 June 2011
Thursday 09 June 2011
Outlook For anyone wondering why BP has been prepared to put up with so much grief as it strives to increase its presence in Russia, yesterday's ill-tempered Opec meeting provides an answer. In a world where Opec is incapable of agreeing a common goal, let alone exerting the control it once did over global oil production, Russia becomes even more powerful than its status as the world's largest oil producer might already suggest.
Thursday 09 June 2011
Opec was said to be on the point of "break-up" last night after a meeting of the world's biggest oil producers ended in disagreement over whether or not to raise output as the world economy struggles under the strain of soaring commodity prices.
Wednesday 08 June 2011
Oil prices have surged after cartel Opec failed to back an increase in supplies which could have given some respite to UK motorists squeezed by high forecourt costs.
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