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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 0 138

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 0 122

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 0 116

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 0 119

ForbesOil Slump Sets Scene for MergersWall Street JournalA year-and-a-half on from the start of the worst crude-oil price crash in a generation, the biggest U.S. and European energy companies have delayed projects and made such deep budget cuts that they w
Admin 29.01.2016 0 97

New York TimesMarketsOil leaps as Russia says may meet Saudi on cutFinancial TimesOil prices jumped 5 per cent to near $35 a barrel on Thursday after reports said Russia's energy minister was ready to meet with Opec and Saudi Arabia to discuss a produc
Admin 28.01.2016 0 73

BBC NewsBP boss: Oil price will riseBBC NewsThe boss of BP has predicted that the oil price will rise in the second half of the year as demand increases from America and China and supply begins to ease as the US shuts down production. As the oil price fell
Admin 20.01.2016 0 116

The GuardianShell warns of 50% cut in profits amid plunging oil priceThe GuardianThe merger was originally proposed when global crude prices were at $55 but they have since fallen to $28 – driven down this week by expectations of even more oil coming into
Admin 20.01.2016 0 85

Telegraph.co.ukShell Profit Tumbles Amid Oil Price SlumpWall Street JournalIf approved, the merger would give Shell a stake in highly-prized oil fields offshore Brazil and bolster its already sizable position in the growing liquefied natural-gas market, bu
Admin 20.01.2016 0 98

Wall Street JournalOil Prices Inch UpWall Street JournalOil prices held close to unchanged Thursday as fears of lingering oversupply capped a rally from technical traders, brokers said. Automated systems and traders who move based on price-chart patterns p
Admin 30.10.2015 0 76