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News in-depthRussian business & finance
Two companies, one trade: the switch that keeps Putin’s oil flowing
...That business, Paramount Energy and Commodities DMCC, uses United Arab Emirates lenders to help make the trades, and ships registered to companies in countries such as India and China to transport the crude...
March 20, 2023
Middle East
Iran seizes Gulf oil tanker in new threat to Middle East shipping
...Iranian state-backed media later released a photo of armed forces abseiling from a helicopter on to a tanker’s deck....
January 11, 2024
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
Israel-Hamas war
Opec+ weighs further oil production cuts as anger mounts over Gaza
...The person said there would be no repeat of the oil shock of the 1970s, when Arab states halted exports to the west....
November 17, 2023
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Additional reporting by David Sheppard, Michael Peel and Ian Smith in London...
March 27, 2024
Israel-Hamas war
US and UK carry out strikes against Houthi rebels in Yemen
...The rebels also launched missile and drone attacks against the United Arab Emirates, the main partner in the Saudi-led coalition, two years ago....
January 12, 2024
Gaming
Can Grand Theft Auto VI match its $7.7bn predecessor?
...The game will be set in the state of Leonida, a fictionalised Florida....
December 6, 2023
FT Live
Commodities Global Summit 2025
The pre-eminent gathering of senior commodity executives, traders and financiers
Monday, 24 March 2025Lausanne, Switzerland
Transcript
Transcript: Swamp Notes — Trump’s legal troubles
...But the . . . what would Joe Nye used to call the soft power of the United States? That’s the way the United States would influence global affairs, right?...
February 25, 2024
Oil
Oil hits $90 for first time in 2023 as Saudi Arabia and Russia extend cuts
...States”....
September 5, 2023
Abu Dhabi National Oil Co
Abu Dhabi oil giant builds internal ‘investment bank’ to chase $50bn in global deals
...Arab Emirates’ once sleepy state group into a business more like an energy supermajor....
August 9, 2023
Wind power
UAE takes big stakes in struggling UK offshore wind market
...Additional reporting by David Sheppard in London...
December 5, 2023
World
Sri Lanka’s US cavalry is here
...Department of Justice “to attend to the interests of the United States” by “argu[ing] any case in a court of the United States in which the United States is interested.” 28 U.S.C. §§ 517, 518....
October 3, 2023
ReviewMusic
New York’s Ragas Live Festival brings together past and present, east and west — review
...This could only provide a hint of the vast richness of Hindustani and Carnatic music, but the driving percussion duo of V SelvaGanesh and Swaminathan Selvaganesh was gripping, and the Carnatic singing of...
October 17, 2023
Art Basel Miami Beach 2023
Designer Samuel Ross: ‘I love that red-hot line between sculpture and furniture’
...“It is about black Britain and what it is to be working class,” he says of his Converge gilet, for example, which was acquired by the V&A for its collection in 2021. “It is descriptive of urban life....
November 24, 2023
Markets InsightDavid Sheppard
Opec+ is not on board with Saudi Arabia’s ‘whatever it takes’ message
...david.sheppard@ft.com...
June 5, 2023
News in-depthSaudi Arabia
Saudi Arabia’s ‘prickly prince’ of oil bristles as crude price slides
...The United Arab Emirates has bristled in the recent past at what it believes to be a production baseline that underestimates its real output capacity....
June 3, 2023
FT Live
Energy Transition Summit India
Delivering clean energy to capitalise on green opportunities
Tuesday, 8 OctoberNew Delhi, Delhi, India
News in-depthUS foreign policy
US drawn further into Middle East conflict with Houthi strikes
...Additional reporting by Lucy Fisher and David Sheppard in London...
January 12, 2024
US-Iran tensions
Iran seizes second oil tanker in a week as tensions with US increase
...The Niovi, a Panama-flagged oil tanker, was sailing from Dubai towards the United Arab Emirates port of Fujairah in the Gulf of Oman when it was seized by the Islamic Revolutionary Guard Corps Navy, the...
May 3, 2023
Public Investment Fund of Saudi Arabia
Saudi Arabia boosts sovereign wealth fund with transfer of $80bn Aramco stake
...The state remains Aramco’s largest shareholder with 90.18 per cent of shares, MBS said....
April 16, 2023
Robert Menendez
Robert Menendez charges rattle New Jersey’s infamous Hudson County
...Menendez, the son of Cuban immigrants, rose under the tutelage of William V Musto, the mayor of Union City from 1962 to 1982, with a four-year interregnum....
October 8, 2023
Inside BusinessDavid Sheppard
Wanted: one supertanker to stop an eco-disaster
...david.sheppard@ft.com...
February 28, 2023
Opec
Oil price surges after Opec+ nations make surprise output cut
...Iraq will reduce crude production by 211,000 b/d, the United Arab Emirates by 144,000 b/d, Kuwait by 128,000 b/d, Kazakhstan by 78,000 b/d, Algeria by 48,000 b/d and Oman by 40,000 b/d, according to statements...
April 2, 2023
Energy Source
Two tales from South Africa’s energy transition Premium content
...All eyes are on the United Arab Emirates this week where government officials, scientists and lobbyists are arriving ahead of this year’s UN climate summit....
November 28, 2023
Energy Source
Has the G7 price cap worked? Premium content
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu, Tom Wilson and David Sheppard, with support from the FT’s global team of reporters....
December 5, 2023
Letter
Letter: Irish neutrality move creates UK conundrum
...It is difficult to envisage a united Ireland that is either neutral or a Nato-protected zone....
July 24, 2023
Oil & Gas industry
Abu Dhabi’s Adnoc and Gunvor extend talks to reach investment deal
...Adnoc, which is the United Arab Emirates’ state oil producer and pumps roughly 4 per cent of all global crude supplies, is working to diversify its revenue streams and build out its trading division....
January 23, 2023

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