Exxon’s Black Sea hopes dashed

The Trump administration has rejected Exxon Mobil’s  application for a waiver from sanctions imposed on Russia after…

Exxon in bid to resume Russian JV

Exxon Mobil has applied to the Treasury Department for a waiver from US sanctions on Russia in…

Trump victory gifts Russian oligarchs $29bn as energy share prices soar

Russian oligarchs: Rising share prices and a resurgence in the value of the rouble brought on…

Vitol and NIOC pre-empt Trump with $1bn pre-finance Iranian oil deal

Vitol, the world’s largest oil trader, has agreed to provide the National Iranian Oil Company (NIOC)…

Concerns over Trump hard-line policy prompt BP to step back from Iran

Less than two months after deciding to exclude its US national CEO Bob Dudley from its attempts to…

Obama hits Trump with new Russian sanctions and Arctic drilling ban

Outgoing US President Barack  Obama this week did his best  to thwart his successor Donald Trump’s…

EU extends Russian sanctions – but rift widens with Tillerson appointment

Russian sanctions: As widely anticipated, European Union leaders last week voted to extend economic sanctions against Russia over the…

Tillerson ready to question sanctions as Merckel and Hollande back extension

Tillerson: German Chancellor Angela Merkel and French President Francois Hollande yesterday put their collective weight behind…

Putin celebrates as Qatar wealth fund and Glencore buy $11bn Rosneft stake

Russian President Vladimir Putin took to the TV airways yesterday to celebrate the news that the…

Rouhani threatens to revive nuclear programme after Senate votes for 10-year extension to Iran Sanctions Act

Iran’s President Hassan Rouhani yesterday called on outgoing US President Barack Obama not to sign a…

BP US CEO Bob Dudley stands back from special Iranian task force

BP has formed a special task force to study the investment potential of the Iranian  oil…

Investment rolls back in as retailers bank on Russian economic recovery

Russian economic recovery: Foreign direct investment into Russia reached $8.3bn in the first nine months of…

US embassy and Sberbank lead objections as LinkedIn is banned

LinkedIn yesterday became the first major social network to fall foul of the Russian authorities when the…

World Bank upgrades forecast for Russian economy as Moscow looks in hope to Trump to trigger detente

The Russian economy could return to growth as early as next year, the World Bank predicted…

Golden Globes go to China

Golden Globes: The Dalian Wanda Group,  the  real-estate conglomerate owned by Chinese billionaire Wang  Jianlin, has  finalised…

Major oil field discovered in Alaska

A little-known energy exploration company this week claimed to have found new recoverable oil reserves in Alaska that could…

US treasury accused of ‘terrorism’ as Russia looks to win race to secure foothold in Iranian banking sector

Iranian banking sector: Russian banks  are ready to steal a march on their Western counterparts by…

US authorities close to approving $43bn Syngenta acquisition

Syngenta acquisition: The Committee on Foreign Investment in the United States (CFIUS) is close to giving ChemChina…

Russia invests in Hyperloop One as lawsuits threaten to derail project

Hyperloop One: The possibility of  the overland journey time between  Vladivostok and Moscow being slashed from 6…

Dalian Wanda buys another cinema chain as Wang Jianlin presses on

Chinese multinational conglomerate Dalian Wanda has bought the Odeon & UCI cinema chain from the Terra Firma…

Chevron bucks market to invest $37bn in Kazakhstan’s Tengiz oil field

  Chevron affiliate Tengizchevroil (TCO)  is to go ahead with  the development of its Future Growth and Wellhead…

Moody’s positive and Apple hopeful as India relaxes FDI restrictions

India relaxes FDI restrictions: India’s decision to ease foreign direct investment restrictions in several sectors  got the thumbs…

EBRD signs MoU with Silk Road Fund in boost to One Belt One Road initiative

The  European Bank for Reconstruction and Development (EBRD) yesterday signed an MoU with Beijing’s Silk Road Fund in…

Amazon planning to increase Indian investment to $5bn, says Bezos

e-commerce giant Amazon  is planning to invest a further $3bn in India on top of the $2bn…