LONDON, July 7 (Reuters) – Shell (SHEL.L) said on Thursday surging demand for oil products that had almost tripled refining profits in the second quarter would boost earnings by up to $1.2 billion.
In an update before second quarter results on July 28, Shell also said it would reverse up to $4.5 billion in writedowns on oil and gas assets…Read More
Oil prices settled lower on Tuesday on fears the U.S. Federal Reserve will surprise markets with a higher-than-expected interest rate hike.
Most Fed watchers had expected the U.S. central bank to hike rates by 50 basis points at its meeting on Wednesday. But after Friday’s surprisingly strong consumer price index (CPI)…Read More