News 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

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.

Cold and output cap hike oil price

OIL PRICES stormed higher yesterday bolstered by a cold snap in Europe and the United States and more speculation from Opec ministers that output curbs will be retained beyond March.

LETTER: Price at the pump

Sir: I remember the time, before we had found our own oil, when I would join the long queue at "the last petrol station in England" and fill my car to the brim with the stuff before boarding the Dover-Calais ferry. On the journey home, like many others, I ran the risk of running out in order to arrive at Calais with a virtually empty tank so that as little French fuel was used as possible.

Opec cutbacks boost oil price

THE OPEC countries achieved more than 90 per cent compliance with their self-imposed cutbacks in oil production, Iran's oil minister said yesterday.

Outlook: Oil price hike

OPEC HAS a long history of being able to resist everything except temptation. Right now the temptation is to cash in on the rising oil price by abandoning production quotas and letting the black stuff gush. With the oil price touching $20 a barrel - a level not witnessed for almost two years - it is a minor miracle that the Opec members have maintained their discipline for so long, particularly with producers like Nigeria and Venezuela just dying to let rip.

Oil price tops $20 as Opec abides by production cuts

OIL PRICES soared above $20 a barrel yesterday for the first time in almost two years, amid optimism that the Opec countries would stick to production cuts agreed earlier this year.

London Market: Nato onslaught depresses UK stocks

United Kingdom stocks may fall this week on reluctance to invest while military action continues in Yugoslavia. However, BP Amoco and other oil companies may stem the decline as crude oil gains.

Why Opec's back in business

News Analysis: This time oil price rises may stick, spelling near- term economic danger

Opec ministers meet to slash oil production

MINISTERS FROM the top oil producing countries began arriving in Vienna yesterday for a high-level Opec meeting tomorrow, which is expected to rubber-stamp a deal to slash oil output and end the two-year slump in the oil price.

Outlook: Opec ogre doesn't scare us any more

AFTER A two-decade absence, the spectre of Opec is haunting the world economy once again. Ministers from the oil exporting companies meet in Vienna on Tuesday to ratify production cuts agreed last week. These amount to about 7 per cent of the annual output of signatories, and they come on top of a similar reduction in quotas last year.

Outlook: Enterprise

IT SAYS something about the unpredictable nature of the oil business that a company can plunge into losses and pass its dividend and yet still see its share price rise by 6 per cent on the day.

Oil price rises to over $12 a barrel

CRUDE OIL prices broke through the $12 a barrel barrier yesterday, amid speculation about cuts in world supply.

Crude oil hits two-month high

Crude oil hits two-month high

Oil cutbacks move closer

THE PROSPECT of agreement over production cuts among Opec members drew slightly closer over the weekend after major oil producers Saudi Arabia and Venezuela agreed to meet non-Opec Mexico in Madrid this week, to discuss curbs amid the deepening petroleum market crisis.

Opec talks fall behind schedule

OPEC OIL ministers meeting in Vienna last night postponed a meeting at the last minute, apparently because they had not agreed how to boost prices. The meeting had been due to begin at 6pm but bilateral talks were still ongoing.

Outlook: Don't bet on quick recovery for oil

WHEN ENTERPRISE OIL was privatised in the 1980s, a dollar bought you a pound and oil was trading at something over $30 a barrel. For every barrel of oil it sold, Enterprise therefore made more than pounds 30. Today oil trades at little more than $11 a barrel and a pound is worth $1.65, so Enterprise is getting less than pounds 7 a barrel for its oil. There could scarcely be a more chilling illustration of the deep recession which now afflicts the British, and indeed world oil industry, than these bald figures.
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