Shell cuts spending in U.S. to lower shale exposure
LONDON (Reuters) - Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another...
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Shell cuts spending in U.S. to lower shale exposure
LONDON (Reuters) - Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another...
Russia pushes on with gas pipeline despite EU delaying talks
LONDON (Reuters) - Russia's Gazprom, disregarding European Commission plans to delay talks, said it expected to sign deals this month on building its major South Stream pipeline to carry gas...
BP says ‘absolutely stands’ by Russian investments
LONDON (Reuters) - Oil major BP stands by its investments in Russia, chief executive Bob Dudley said on Tuesday amid calls from U.S. officials to isolate Russia and reduce economic...
Morgan Stanley sells oil trading business to Russia’s Rosneft
LONDON/MOSCOW (Reuters) - Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the latest Wall Street firm to...
Klesch awards German refinery supply deal to Barclays
DAKAR/LONDON (Reuters) - Swiss industrial group Klesch has agreed that Barclays will supply crude oil to its German refinery in a deal worth hundreds of millions of dollars a month...
Europe oil probe seeks market abuse evidence in 2010-2013
LONDON (Reuters) - The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading...
U.S. oil boom leaves OPEC sidelined from demand growth
LONDON (Reuters) - Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up...
Exclusive: BP’s mighty trading unit under scrutiny as earnings drop
LONDON (Reuters) - BP's oil trading division, the alma mater for a generation of the world's top traders and a former cash-generating machine, is under greater scrutiny after becoming a...
Russian tycoons concerned as Magnitsky fallout spreads
DAVOS, Switzerland (Reuters) - It began with the death of an anti-corruption lawyer in a Moscow jail and grew into a row between Russia and the United States. Now Russia's...