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Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout

2020-04-22 15:15:38| OGI

The Anglo-Dutch company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand and sent oil prices to their lowest in two decades.

Tags: price projects oil decisions

 

Clothing price declines help ease rate of inflation

2020-04-22 14:01:00| Daily apparel & textile news and comment - from just-style.com

A fall in the price of clothing and fuel in the UK ahead of the coronavirus lockdown helped ease the rate of inflation, new figures show.

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Nabors Investors Approve Reverse Stock Split to Improve Share Price

2020-04-22 00:15:24| OGI

The board of directors of Nabors, which owns and operates one of the worlds largest land-based drilling rig fleets, approved the reverse stock split at a ratio of 1:50.

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Oil price turmoil set to continue

2020-04-21 10:59:36| BBC News | Business | UK Edition

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

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Halliburton Books $1.1 Billion Charge in Low Price Outlook

2020-04-20 15:25:11| OGI

Leading fracking firm Halliburton reported a $1 billion first-quarter loss and $1.1 billion in impairment charges on April 20 as it gave a bleak outlook for North American oilfields after the coronavirus-driven oil price decline.

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