Oil prices hit four-year high after Opec defy Trump’s calls for production boost September 24, 2018 Oil prices have hit a four-year high after Opec ruled out a production increase and analysts predicted it would continue to rise towards $100 per barrel. Brent Crude Oil reached $81.17 per barrel, up more than 2 per cent, on Monday – its highest since 2014 – after Saudi Arabia and Russia led the way [...]
Total makes major UK offshore gas discovery September 24, 2018 Oil and energy giant Total has announced a major gas discovery off the coast of the Shetland Islands in the North Sea. The French multinational company said it made the discovery on its Glendronach prospect – drilling a well to a depth of 4,312 metres and encountering a gas column in a reservoir. Read [...]
Gold rush: Barrick Gold to merge with Randgold in $18.3bn deal September 24, 2018 Two of the world’s largest gold producers are set to merge as Canada’s Barrick Gold said it has agreed to buy London-listed Randgold Resources in a shock $18bn (£13.7bn) deal. In plans to create what Barrick Gold and Randgold Resources hailed as an “industry-leading gold company”, the companies will be hoping to cement their [...]
Saudi Arabia and Russia defy Trump’s calls for oil production boost September 23, 2018 Saudi Arabia and Russia have defied Donald Trump's calls for an immediate production boost to reduce oil prices. The Organization of the Petroleum Exporting Countries (Opec) and non-Opec oil producers met on Sunday to discuss oil production quotas in the wake of US sanctions on Iran. Opec's leader Saudi Arabia has moved to calm fears [...]
Oil-producing giants in reported talks to raise supply amid US sanctions on Iran September 22, 2018 Some of the world’s largest oil producers are mulling the possibility of raising oil supply by as much as 500,000 barrels per day (bpd) in a bid to compensate for Iran’s falling output, it has been reported this morning. Countries within the Organisation of the Petroleum Exporting Countries (Opec) as well as other producers are [...]
A software bug came close to wiping out the bitcoin network September 21, 2018 A huge flaw in the Bitcoin network's underlying software that could have destroyed the cryptocurrency has been discovered. The problem existed since March 2017, which meant someone could have exploited the network by influencing the way bitcoin transactions are confirmed. Read more: Regulate 'Wild West' world of cryptocurrencies, MPs demand Anyone mining the cryptocurrency would [...]
A software bug came close to wiping out the bitcoin network September 21, 2018 A huge flaw in the Bitcoin network's underlying software that could have destroyed the cryptocurrency has been discovered. The problem existed since March 2017, which meant someone could have exploited the network by influencing the way bitcoin transactions are confirmed. Read more: Regulate 'Wild West' world of cryptocurrencies, MPs demand Anyone mining the cryptocurrency would [...]
Will Aston Martin vanquish the doubters? September 21, 2018 | City Talk The auto sector has had a tough time of it recently with concerns over the implementation of tariffs on their products, as well as the bad publicity around emissions cheating and investigations into other cartel like behaviour weighing on the sector in recent months. Putting aside those concerns there are certain brands that have [...]
Will Aston Martin vanquish the doubters? September 21, 2018 | City Talk The auto sector has had a tough time of it recently with concerns over the implementation of tariffs on their products, as well as the bad publicity around emissions cheating and investigations into other cartel like behaviour weighing on the sector in recent months. Putting aside those concerns there are certain brands that have [...]
Sky’s final showdown September 21, 2018 | City Talk The battle for Sky will come to an end this weekend. Fox, which is controlled by the Murdochs and Comcast will have their final push to try and snatch the stock. Fox’s latest bid is 1,400p and Comcast’s is 1,475p. Since Fox’s offer is lower they will be given the first chance to put [...]