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Tuesday, November 30, 2021
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Oil

Shell profits fall 80%

Shell has seen its profits fall by 80% as a result of the slump in oil prices. However, the company still made £2.6bn in...

US stocks and oil prices slump due to China slowdown fears

US stocks and oil prices have plunged again on more worries about a slowdown in China, giving the market its worst drop in three...

Former Chinese state oil boss convicted of corruption

Two senior Chinese officials – one who led the country’s biggest oil company and the other a deputy party chief in populous Sichuan province...

Shell to end Alaska offshore Arctic drilling

Royal Dutch Shell is to end exploration in offshore Alaska for the foreseeable future. The company said an exploratory well drilled to 6,800 feet found...

Shell to cut 6,500 jobs

Oil giant Royal Dutch Shell has said it plans to cut 6,500 jobs this year. The firm said it was taking action amid a slump...

BP announces $4.2bn loss as oil prices continue to fall

Oil giant BP swung to a US$4.2bn loss in the first six months of the year after taking another €9.8bn hit from its Deepwater...

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