Oil companies were hammered as the price of crude slumped below $30 a barrel. Shares in Shell and BP – two of the largest firms listed on the London Stock Exchange – slid as oil prices edged towards lows they last touched during a major commodity crisis four years ago. The oil market had already … Read more
Aramco to cut spending by 25% as oil prices plummet – but it will still fork out £3.2bn in dividends Saudi Aramco racked up costs of almost £27bn last year, but could cut to £20bn The state-backed energy giant went public in December in the biggest ever float It will pay £3.2bn in dividends for … Read more
Tullow Oil slashes workforce as it reveals recent oil price rout could sink it By Daily Mail City & Finance Reporter Published: 23:17 GMT, 12 March 2020 | Updated: 00:31 GMT, 13 March 2020 Tullow Oil’s future was in doubt last night it revealed that the recent oil price rout could sink it. The energy … Read more
Oil price slump will wipe out North Sea tax revenues, says the Treasury watchdog By Daily Mail City & Finance Reporter Published: 21:59 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 The slump in the oil price could almost wipe out tax revenues from the North Sea, according to the Treasury watchdog. … Read more
With markets opening on Monday morning to the biggest crash in oil price since the 1991 Gulf War, the big question for motorists is: will the cost of petrol drastically fall in the coming days? The price of Brent crude fell from $52 a barrel this time last week to as little as $35 this … Read more
Futures on the Dow Jones Industrial Average tumbled 1,000 points in early trading Sunday night amid a price war over crude oil, marking the greatest plunge in oil markets since the Gulf War in 1991. Oil prices plunged 30 percent after the start of electronic trading late Sunday, pointing to a more than 1,000-point loss … Read more
Anxiety sufferers should be given lavender oil as a first line of treatment instead of addictive drugs, a psychiatrist has claimed. Professor Hans Peter-Volz said doctors are too quick to dish out benzodiazepines and other drugs to patients with anxiety. Instead, patients with a mild form of the disorder should be given natural remedies, including … Read more
The £300bn coronavirus crash: FTSE down 12.7%, oil down 23% while US 10-year bond yields are down 51% in just TWO weeks By Hugo Duncan for the Daily Mail Published: 21:51 GMT, 6 March 2020 | Updated: 21:51 GMT, 6 March 2020 More than £300billion has been wiped off the value of Britain’s leading companies … Read more
Just half a teaspoon of olive oil a day could cut the risk of a heart attack by a fifth, a study has shown. Harvard researchers studied the health of nearly 100,000 people over 24 years and found higher olive oil consumption was beneficial to heart health. Most experts agree olive oil – especially extra … Read more
Outrage as Canadian oil company is accused of using sick cartoon of man raping 17-year-old climate activist Greta Thunberg on promotional stickers Councillor accused X-Site Energy Services of depicting the rape of a child Company denied sharing image online but did not deny creating the sticker General Manager did not condemn the image but said … Read more