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Oil & Gas industry
UK-sanctioned oil trader enlists ex-Biden aide to thwart potential US sanctions
...Desai’s AND Partners LLC will provide services including “research on considerations around potential imposition of sanctions administered by the United States Office of Foreign Assets Control upon [Troost...
March 21, 2024
News in-depthOil & Gas industry
Convicted mining tycoon Beny Steinmetz linked to Italy’s largest oil refinery
...The scion of a diamond business dynasty, Steinmetz expanded the family fortune in the late 1980s. BSG Resources operates in 25 countries with activities spanning mining, oil and gas, and metals....
November 17, 2023
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
War in Ukraine
Zelenskyy speaks to Arab League en route to G7
...Saudi Arabia has good relations with the Kremlin, co-operates with Moscow on cuts in oil production through Opec+, and has offered to help mediate in the conflict....
May 19, 2023
Climate change
Google joins satellite mission to scan globe for methane leaks
...The oil and gas industry has begun taking steps to tackle methane emissions, as the US and other nations move to implement financial and other penalties....
February 14, 2024
Markets InsightRobin Brooks
EU’s Russia sanctions trade-off has stored up problems
...There was a ban on imports of Russian diamonds but that did not cover industrial diamonds. Croatia also secured an exemption on importing Russian vacuum gas oil....
February 22, 2024
Russian business & finance
EU to move ahead with Russian diamond ban next week
...“In order for [EU] member states to be unanimous for the ban on diamond trade, some were requesting that the G7 were giving, let’s say, political coverage,” said Borrell....
November 8, 2023
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
Europe Express
Diamond industry slams looming sanctions on Russian gems Premium content
...King Charles III in Paris for a three-day state visit....
September 20, 2023
Israel-Hamas war
US oil analyst fired after ‘antisemitic incident’ tied to Israel-Hamas war
...An oil analyst at a US commodities trading house has been dismissed after a video that circulated on social media showed him in a tense exchange with an onlooker as he covered up what appeared to be posters...
November 13, 2023
Europe Express
Why Slovakia and the Czech Republic want to continue using Russian oil Premium content
...“We have consistently called for stopping all co-operation between EU member states and Russia, especially in the area of oil trade,” said one EU diplomat....
December 5, 2023
Unhedged
The Magnificent 7 value trade Premium content
...The price of oil is being kept down by weak Chinese demand, despite Opec production cuts....
January 30, 2024
Zimbabwe
Gas found in Zimbabwe by Australian energy group Invictus
...Zimbabwean pension funds are among the investors in Invictus and the company and the project will eventually need a production-sharing deal with the Zimbabwean state....
December 7, 2023
Europe Express
Why the EU plans to extend its emergency state aid rules Premium content
...Conflict diamonds: African countries are concerned that a G7 proposal to restrict the international trade of Russian diamonds could harm their trade....
November 14, 2023
The FT ViewThe editorial board
Venezuela’s threat to annex part of Guyana
...Maduro ordered state oil and gas companies to grant drilling rights in environmentally sensitive Essequibo, redrew Venezuela’s official map and established a new military zone covering the disputed area,...
December 10, 2023
Disrupted Times
Russia goes to the polls as carnage in Ukraine continues
...Kyiv in turn is stepping up efforts to “deprive the enemy of resources and reduce the flow of oil money and fuel” by targeting oil refineries deep inside Russia....
March 15, 2024
Hedge funds
PFOF and its discontents
...(The latter may have something to do with the state’s ability to collect revenue, but what do we know?)...
September 15, 2023
FT Live
Commodities Global Summit 2025
The pre-eminent gathering of senior commodity executives, traders and financiers
Monday, 24 March 2025Lausanne, Switzerland
Europe Express
Why the delay to the EU’s next package of Russia sanctions? Premium content
...Some cite complications over the diamond import ban (which Josep Borrell, the EU’s chief diplomat, also said last week would be presented to the ministers), others blame pressure from member states to include...
November 13, 2023
News in-depthGuyana
‘I don’t want to be Venezuelan’: Guyana region on edge over annexation threat
...The region’s jungles, hills and mangroves are rich in gold, diamonds and bauxite, while immense deposits of oil sit beneath the ocean floor off its coast, discovered by US oil group ExxonMobil in 2015....
December 12, 2023
Europe Express
Why the EU’s 12th Russia sanctions package is almost ready for action Premium content
...There will be a ban on Russian diamonds, as agreed by the G7 group of rich countries, starting January 1....
December 18, 2023
Europe Express
Why a decision on EU debt and deficit rules is going to the wire Premium content
...Now read these Girl’s best friend: The G7 countries will ban imports of Russian diamonds from the beginning of next year to curb Moscow’s income....
December 7, 2023
Oil & Gas industry
Could Namibia be the next oil frontier?
...International companies have mined diamonds and uranium in Namibia for decades but there is no history of oil production....
August 27, 2023
Trafigura
Trafigura charged in Switzerland over alleged Angolan bribery
...The official allegedly concerned was chief executive of Sonangol Distribuidora, a subsidiary of Angola’s state-owned oil company Sonangol, which is responsible for marketing and shipping the African nation...
December 6, 2023
FT GlobetrotterTips from the top
Ryan ‘Mr Lyan’ Chetiyawardana’s favourite bars around the world
...I recommend the taquitos with banana peel, the yucca dumplings and the ahuyama (squash) ceviche, while sipping on a Selva martini (replete with aromatic herb oil) or a Kianga, marrying local fruits, herbs...
February 27, 2024
The FT ViewThe editorial board
Ukraine needs reassurance from its allies
...Brussels is now debating a 12th round of sanctions, including a ban on Russian diamond imports....
November 22, 2023
Europe Express
How the Czech Republic wants to shut European borders to Russian agents Premium content
...The proposals were sent to European capitals by the European Commission last week, and governments are still debating a ban on Russian diamonds and tighter measures to enforce a price cap on Russian oil....
November 21, 2023
The Big Read
The new ‘blood diamonds’: the elaborate plan to halt Russia’s trade
...If successful, it would in effect extend the concept of “blood diamonds” to gemstones used to bankroll state-backed warfare, as well as rebel activity....
May 10, 2023

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