Shell, the world’s largest retailer with over 40,000 petrol stations, also saw a 39 per cent drop in fuel sales. Photograph: iStock

Royal Dutch Shell avoided its first quarterly loss in recent history, helped by its trading business, but announced nearly $17 billion in impairment c(...)

Banks, while also reversing gains, underperformed the wider market on the day. Photograph: Dara Mac Dónaill

European shares slid on Wednesday as escalating US-China tensions and a surge in coronavirus cases dented sentiment after an EU-wide debt deal sent th(...)

In London AstraZeneca hit a record closing high on optimism over its Covid-19 vaccine. Photograph: Paul Ellis/AFP via Getty

European shares turned higher on Monday, helped by encouraging data from an array of coronavirus vaccine candidates and after EU leaders sketched a fr(...)

In January 2010, two Irish businessmen secured a 20-year contract to turn Nigeria’s vast gas reserves into power. But the government never built a pro(...)

Madrid’s main market. Technology stocks registered the only sector rise in Europe. Photograph: EPA

European stocks closed sharply lower on Thursday as Wall Street tumbled after another record surge in US coronavirus cases that raised fears of fresh (...)

A Covid-19 vaccine developed by Pfizer and German biotech company BioNTech showed promise, said the companies.

Hopes of a Covid-19 vaccine pulled European stocks from losses earlier on Wednesday after fears of a no-deal Brexit and anxieties relating to the Euro(...)

Shell said lower prices would lead to post-tax, non-cash impairment charges of $15 billion to $22 billion in the second quarter

Royal Dutch Shell will slash up to $22 billion (€19 billion) from the value of its assets as the oil major warned coronavirus would deal a lasting blo(...)

Wall Street stocks are poised to record the best quarter in more than two decades amid a broad rally in global markets.

Wall Street stocks are poised to record the best quarter in more than two decades amid a broad rally in global markets ignited by a barrage of central(...)

European shares closed higher on Friday, with defensive plays leading gains as investors remained hopeful that a massive stimulus package will soon be(...)

Company is also undertaking a review of its projects that could result in some oil discoveries being left in the ground.

BP will write down the value of its business by as much as $17.5 billion (€15.5bn), as the British oil major predicts that the coronavirus pandemic wi(...)

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