oil and gas Tag

Royal Dutch Shell’s profits fell to their lowest since 2016 in the second quarter of the year, with the oil major referencing ‘challenging macroeconomic conditions’ and lower oil and gas prices. The Anglo-Dutch firm profits dropped by 25% to US$3.5 billion in the three months to...

The Organization of the Petroleum Exporting Countries (OPEC) has forecasted that world demand for its crude will decline next year as the US shale industry continues to pump more oil, threatening another surplus. Providing its first forecasts for next year in a monthly report, OPEC said...