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 13 November 2009
Thursday 12 November 2009
Rising oil prices could dampen the steadily strengthening demand for crude amid the fragile beginnings of economic recovery, the cartel of the world's biggest oil-producing countries warned yesterday.
Thursday 09 July 2009
Tuesday 30 June 2009
Sunday 14 June 2009
BP famously "doesn't do" oil- price forecasts. After 18 months in which crude has ricocheted from just under $100 per barrel to an all-time high of $147, then down to less than $40, and now up to $73 again, you can see their point.
Thursday 11 June 2009
Saturday 30 May 2009
Thursday 28 May 2009
Global demand for oil is back on the rise, making further production cuts by the Opec producers' cartel unnecessary, the Saudi Arabian Oil minister said yesterday.
Wednesday 29 April 2009
Outlook So far, so good. The bumper profits reported by oil companies for last year, fuelled as they were by the sky-high oil price, were plainly not going to last into these recessionary times, so there had been fears that even the mighty BP would succumb to the dividend-cutting trend set by the rest of corporate Britain, depriving investors of yet another once-trustworthy source of income in an increasingly income-scarce world. The evidence of yesterday's first-quarter figures is surprisingly reassuring; the payout may survive intact. Yet that's a big "may".
Saturday 11 April 2009
Monday 16 March 2009
Opec ministers have agreed at their Vienna conference to leave oil production levels broadly unchanged, and to focus instead on stopping individual members from producing above their quotas. The 12-nation organisation, comprising major producers such as Saudi Arabia, Venezuela and Iran, has seen oil prices decline from a peak last July of $147 a barrel to around $40 now. Many have said that they do not regard this price as compatible with long-term needs, while the oil companies such as BP have suggested the $60 to $80 range is sustainable.
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