Showing posts with label Oil Prices; Royal Dutch Shell. Show all posts
Showing posts with label Oil Prices; Royal Dutch Shell. Show all posts

Thursday, July 28, 2016

Shell Profits Plunge 70% As Oil Prices Hover Around Three-Month Lows

Filled oil drums are seen at Royal Dutch Shell Plc's lubricants blending plant in the town of Torzhok, north-west of Tver. © Sergei Karpukhin / Reuters 
Royal Dutch Shell posted a 70% drop in its quarterly profits, worse than analysts had expected. The Anglo-Dutch oil major is blaming low crude prices and small refining profits.