Rosneft

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While it beat consensus estimates at $710 million, shares in BP fell nearly 3 per cent in early trading on Tuesday.

BP reported a 66 per cent drop in first-quarter earnings and higher debt levels as the collapse in oil demand and crude prices triggered by the corona(...)

UK asset manager Legal & General Investment Management has become one of the most outspoken financial institutions on climate change. Photograph:  Alessia Pierdomenico/Reuters

Legal & General Investment Management (LGIM), one of the world’s largest fund managers with more than £1.2 trillion (€1.4 trillion) in assets, opp(...)

Saudi’s stock exchange fell 6.5 percent, shares in oil giant Saudi Aramco dropped below their IPO price for their first time, and other Gulf markets tumbled to multi-year lows at the start of trading after Opec and its allies failed to clinch a deal over oil production cuts.

Oil prices crashed by as much as 30 per cent after Saudi Arabia fired the first shots in a price war, in crude’s biggest one-day fall since the early (...)

Saudi Aramco’s Ras Tanura oil refinery and terminal in Saudi Arabia. Photograph: Ahmed Jadallah/Reuters

The world’s most profitable and valuable company, the world’s largest oil producer, the biggest initial public offering (IPO) in history – superlative(...)

‘In a challenging quarter for energy, BP results are remarkably resilient,’ Bernstein analyst Oswald Clint said.

BP’s profits fell sharply in the third quarter, hurt by lower oil prices, but strong refining operations helped the company beat expectations even af(...)

Russian president Vladimir Putin  greets BP chief executive Robert Dudley  (right) and AstraZeneca CEO Pascal Soriot (centre) during a meeting with businessmen at the Kremlin in Moscow on Wednesday. Photograph: Alexander Nemenov/Reuters

As the train screeches to a halt, the young man, in his slim-fit Tom Ford suit, alights energetically. This is Revolution Square station, deep beneath(...)

Qatar Investment Authority’s chairman suggested Deutsche Bank is among the major German companies the sovereign wealth fund is talking to about potent(...)

Zimbabwe’s president, Emmerson Mnangagwa, with  Vladimir Putin in the Kremlin on January 15th. Photograph: Sergei Chirikov/Reuters

As protests raged in Zimbabwe’s cities last week, with police firing live ammunition at crowds who barricaded roads with burning tyres, the target of (...)

Russia’s largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion roubles (€3.1 billion) on higher (...)

Figure marks  26% rise on €225m made by ultra tax-efficient special purpose vehicles to service providers in Dublin’s International Financial Services Centre in 2016, according to the Central Bank. Photograph: Alan Betson

Lawyers, accountants and bankers generated almost €284 million of fees from hundreds of special purpose vehicles last year. The growing use of such en(...)

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