Turkish drilling ship Yavuz: set to start work off the  coast of Cyprus within the country’s exclusive economic zone, in violation of international law. Photograph: Bulent Kilic/AFP

Turkey is set to deploy a fourth ship to explore for gas and oil off the coast of Cyprus in defiance of EU sanctions imposed to end Ankara’s illegal o(...)

Traders work in front of the German share price index in Frankfurt, Germany. Photograph: Reuters

Markets fell on Tuesday as investors held fire in the face of a series of risks including Thursday’s general election in the UK, the European Central (...)

Oil giant Shell was to own 20 per cent of the petrochemical project in Qatar. Photographer: Jason Alden/Bloomberg

Oil giant Shell and Qatar Petroleum have decided not to proceed with their $6.4 billion Al Karaana petrochemical project in the Gulf state, the region(...)