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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Wednesday 10 September 2008
Oil prices rose today after OPEC said it would cut more than 500,000 barrels a day of production that exceed its self-imposed output quotas.
Wednesday 10 September 2008
The price of oil plunged closer to the psychologically important level of $100 per barrel yesterday, raising the prospect of lower inflation and lower interest rates next year.
Wednesday 03 September 2008
As Hurricane Gustav, downgraded to a tropical storm, spent its force inland yesterday, the oil price dropped to a five-month low and raised the prospect of falling back below $100 a barrel.
Wednesday 13 August 2008
A rapidly cooling global economy and an increase in supply from Opec nations will see the price of oil ease next year.
Tuesday 01 July 2008
The oil price touched yet another new high yesterday, serving as a dramatic backdrop for the second meeting of the industry's top figures in two weeks as they desperately look for a solution to a problem that is sending deep reverberations throughout the world economy.
Tuesday 17 June 2008
The price of oil surged to a record new high yesterday of nearly $140 a barrel. Traders shrugged off a pledge from King Abdullah of Saudi Arabia to increase production as the weak dollar spurred investors to make further moves into crude.
Monday 16 June 2008
Saudi Arabia will raise oil production to record levels within weeks in an attempt to avert an escalation of social and political unrest around the world. King Abdullah signalled the commitment to the UN secretary general, Ban Ki-moon, at the weekend after the impact of skyrocketing oil prices on food sparked protests and riots from Spain to South Korea.
Margareta Pagano: Yes, it’s a crisis – but liquid gold will also oil the wheels of invention
Sunday 15 June 2008
Sunday 15 June 2008
Wednesday 11 June 2008
Motorists were last night urged not to panic buy after fuel-lorry drivers threatened a four-day strike over pay. There are fears of shortages at Shell forecourts after drivers employed by two firms used by the company rejected a 6.8 per cent pay offer.
Tuesday 27 May 2008
Gordon Brown will face renewed pressure this week to suspend the fuel duty rise due to come into force in October as an attack on an oil pipeline in Nigeria yesterday pushed up crude prices yet again.
Dominic Lawson: Mr Brown can try to blame this crisis on Opec, but the real fault lies with his own tax policy
Friday 23 May 2008
The British Government has two policies on oil prices. The first is that the price we pay for oil is too high, and must be brought down. The second is that the price we pay for oil is too low, and must be increased.
Tuesday 20 May 2008
The world's largest oil producer bowed to pressure from its biggest customer, America, and agreed to pump more oil, but the market has taken no solace.
Saturday 17 May 2008
Let's face it, there is something magnificently romantic about oil and the search for it. You can see that in the recent film There Will Be Blood, and you can sense it in the excitement that greets the price pushing through successive landmarks. At the beginning of the year $100 was breached – wow! But almost as soon as we had got used to that disconcerting notion, along comes the $120 and $125 barrel. The president of Opec says he sees it hitting $200 before long. Even as it stands now, oil has quadrupled in four years. It is difficult to believe that it was worth $10 a barrel only 10 years ago.
Thursday 15 May 2008
Gordon Brown today insisted he was the right person to guide Britain through difficult economic times, as he continued his effort to reassert his authority in the wake of the worst weeks of his premiership.
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