Many of the large oil-producing nations such as Saudi Arabia, Kuwait and Venezuela have squandered their chance to build strong and sustainable economies on the proceeds of high oil prices, a leading energy analyst has warned.
Falling oil prices knocked £1bn off the value of North Sea services firm Petrofac on Monday and are on course to cripple the Russian economy without a rescue package from the oil producers’ cartel Opec later this week.
Geckos used to study reproduction in space die in orbit, but thermophilic microbes still able to multiply after landing
The dream is over ?
Blackstone Group LP will stop seeking investments in Russia after the private-equity firm failed to strike a deal in the country in a three-year effort, said a person with knowledge of the plan.
The arrest of one of Russia's richest men last week was an attempt by President Vladimir Putin to protect himself from a palace coup, according to one of his most vocal critics.
The arrest of one of Russia's richest men, whose empire spans oil production to the country's largest mobile phone network, could send further shockwaves through an economy already reeling from western sanctions.
The negative effect of sanctions imposed on Russia over the conflict in Ukraine has spread beyond the companies targeted, said the head of Barclays' Russian business.
A Team Fortress Image Finds Its Way Into Russian Documentary