It was meant to be the day Russians voted to change the constitution to allow President Vladimir Putin to extend his rule until 2036. Instead, Putin spent Wednesday troubleshooting one Continue Reading
As oil prices collapse, Shell is postponing the final investment decisions (FIDs) for two planned projects, one in the U.S. Gulf of Mexico and another in the UK North Sea, Continue Reading
The current situation in the oil market with prices plummeting is tough, but the market shouldn’t be judged by a one-day or even a week-long slump, Vladimir Putin’s Press Secretary Continue Reading
Europe’s economy suffered a massive blow in April when government restrictions to contain the coronavirus left companies scrambling to stay afloat. An estimate of private-sector activity in the euro area plunged to Continue Reading
The U.K. economy contracted at the fastest pace in at least 20 years this month as the coronavirus lockdown brought commerce to a standstill. IHS Markit’s Purchasing Managers Index for output Continue Reading
The German economy suffered a deeper-than-anticipated slump at the start of the second quarter as coronavirus-related restrictions led to a collapse in demand. IHS Markit’s monthly Purchasing Managers’ Index plunged to Continue Reading
French economic activity shrank at a record pace in April amid a widespread shutdown of businesses to contain the coronavirus. IHS Markit’s monthly measure of service and manufacturing activity dropped to Continue Reading
For decades, the oil rigs rising out of the North Sea off Scotland provided Britain with hundreds of thousands of jobs in a thriving industry and billions in tax revenue. Continue Reading
The slide in oil prices continued apace on Wednesday, with Brent crude dropping to levels not seen in more than two decades as concerns over the economic impact of the Continue Reading
Oil in London traded near a 21-year low as the global benchmark was sucked into the rout that sent U.S. futures below zero for the first time ever this week. Brent Continue Reading
