Ex-tycoon Mikhail Khodorkovsky stands in the defendants’ box during his 2011 trail. Photograph: Denis Sinyakov/Reuters

In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, sayi(...)

 Gary Palmer, Irish Debt Securities Association

As global investors fled Ireland amid the panic of 2009, US hedge fund Davidson Kempner spied an opportunity: It set up a company in Dublin to mop up (...)

Dublin, home of Europe’s costliest banking meltdown, remains a hub for the sort of opaque operations that contributed to the global financial crisis, threatening risks that policy makers are seeking to stamp out.

Based in a drab office building in Dublin down the road from a pub frequented by Taoiseach Enda Kenny, VPB Funding Ltd had no employees but one (...)

Russian President Vladimir Putin with Rosneft chief executive Igor Sechin. The head of  the state-controlled oil company told an energy conference  the world’s top producers would not give ground. Photograph: Reuters

The most powerful figure in Russia’s oil industry yesterday signalled his steadfast opposition to combining with Opec to reverse the crude price rout (...)

Russian president Vladimir Putin. Photograph: Alexei Druzhinin/Sputnik/Kremlin/Reuters

Russia is exploring international bond issuance for the first time since the war in Ukraine sparked sanctions from the West in 2014, in a sign that th(...)

Oil has fluctuated the past three weeks as concerns over slowing demand in China fueled volatility in global markets. Photograph:  Nick Ansell/PA

Oil declined for a second day on speculation that Opec will fail to stabilise prices amid a global oversupply and concern that Chinese demand growth w(...)

BP’s second-quarter profits have been hit by lower crude prices and the cost of the 2010 Gulf of Mexico oil spill. BP reached an $18.7 billion settlement this month to resolve most claims from the oil spill, the largest corporate settlement in US history.

BP’s second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.8 billion charge re(...)

Averil Power left Fianna Fáil. Photograph: Brenda Fitzsimons

So what has Old Moore’s Almanac got for us this month? Under his predictions for Ireland for May, he had this:   ‘Female Irish politic(...)

Gazprom Neft, the oil arm of state gas giant Gazprom, said  that since the start of 2015 it had been selling in renminbi all of its oil for export down the East Siberia Pacific Ocean pipeline to China. Photograph: Maxim Zmeyev/Reuters

Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that Wester(...)

Russia’s president Vladimir Putin and China’s president Xi Jinping attend a documents-signing ceremony at the Kremlin in Moscow on Thursday. Photograph: Sergei Karpukhin/EPA

As western leaders have one by one refused invitations from Vladimir Putin to today’s Russian Victory Day parade, there has never been any question th(...)