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USA TODAYStocks open higher as oil rallies to $47 a barrel ongoing questions about consumerUSA TODAYWall Street, still smarting over weak retail earnings that raised questions about the health of U.S. consumers, is pushing stocks higher Thursday amid a reb
Admin 12.05.2016 0 57

Wall Street JournalShell Plans Oil-Asset Sale in Gabon, Says PresidentWall Street JournalIn an interview in Kigali, Rwanda, Gabon's President Ali Bongo said Shell was pulling out of the onshore oil developments as part of a move to trim overhead amid a
Admin 12.05.2016 0 60

FortuneShell Will Cut 2800 More Jobs After Profits Dive on Weak Oil PricesFortuneRoyal Dutch Shell on Wednesday cut its 2016 spending by another 10% after completing the $54 billion acquisition of BG Group, warning that low oil prices will continue to weig
Admin 04.05.2016 0 77

MarketWatchOil prices fluctuate ahead of weekly supply updateMarketWatchOil prices have jumped by more than 60% since their lows earlier this year on hopes that global oversupply, which has battered prices for nearly two years, will start to abate soon. Ho
Admin 04.05.2016 0 74

Wall Street JournalSaudi Binladin Group to Lay Off 50000 as Low Oil Prices BiteWall Street JournalDUBAI—Saudi Binladin Group will lay off 50,000 people, according to a person briefed on the plans, as the construction giant attempts to turn around a busines
Admin 02.05.2016 0 101

Wall Street JournalAfter Years Outperforming Oil Companies, BG Ends TradingWall Street JournalLONDON—Royal Dutch Shell PLC's $50 billion takeover of BG Group PLC, expected to complete Monday, brings to an end a company that rose from humble beginnings
Admin 12.02.2016 0 79

Financial TimesOil bulls' misplaced optimismFinancial TimesIf BP boss Bob Dudley is right the oil market could start to rebalance in the next six months as demand “converges” with supply, paving the way for a recovery in prices to $50 to $60 a barrel b
Admin 04.02.2016 0 124

Shell Profit Battered by Weak Oil PricesWall Street JournalLONDON—Royal Dutch Shell PLC on Thursday announced a near 60% slump in fourth-quarter profit, as plunging oil prices buffeted the company's earnings. The Anglo-Dutch oil company's fourth-qu
Admin 04.02.2016 0 109

ReutersMarketsMarkets 'pulled along by wiggles in oil'Financial TimesThe uncertain mood sees investors move into perceived havens, forcing sovereign bond yields to fresh lows and boosting the Japanese yen, writes Jamie Chisholm. In early European t
Admin 03.02.2016 0 104

USA TODAYOil Slump Pressures Exxon, BP ResultsWall Street JournalExxon Mobil Corp. posted its weakest annual results in more than a decade and BP PLC suffered a loss as big as that booked in the aftermath of the worst offshore oil spill in its history, sho
Admin 03.02.2016 0 106