Wall Street surged on encouraging early data about  a potential coronavirus vaccine, with investors also counting on more stimulus to rescue the US economy. Photograph: Getty Images

Global equity markets surged yesterday and oil rallied to highs last seen in mid-April as data from a potential Covid-19 vaccine trial by US grou(...)

Three-phase spheroids stand behind pipelines at Saudi Aramco’s crude oil processing facility, in Abqaiq, Saudi Arabia.

Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25 per cent fall in first-quarter net profit, missing analyst estimates, bu(...)

The first written document about a Stora operation, a Swedish copper mine, dates back to 1288. Since then, the company – now Finland-based paper, pulp(...)

Photograph: iStock

European stocks rose on Tuesday as a jump in shares of French energy major Total and a slew of positive earnings reports added to optimism over easing(...)

Traders work at the New York Stock Exchange. Airlines took a battering after Warren Buffett’s negative comments last weekend. Photograph: Johannes Eisele/AFP via Getty Images

European stocks ended lower on Monday as investors were greeted with fresh US-China tensions following a May Day break, after Washington threatened ta(...)

Exxon Mobil posted its first quarterly loss in at least 32 years of Friday and rival Chevron warned of a “very tough” second quarter. Photograph: Angus Mordant/Reuters

Exxon Mobil posted its first quarterly loss in at least 32 years of Friday and rival Chevron warned of a “very tough” second quarter. Exxon Mobil joi(...)

Growing US joblessness put a dampener on Wall Street. Photograph: AFP via Getty

Markets slumped on Thursday as the European Central Bank (ECB) warned the euro zone economy could shrink 12 per cent while US jobless figures rose fas(...)

While traders said the oil industry was not yet in the clear, rising production cuts and shut-ins have bolstered hopes supply and demand will soon come closer into balance.

Oil prices extended gains on Thursday with US crude rising more than 10 per cent, as traders bet efforts to combat the biggest demand crash in history(...)

Shell said it would reduce its quarterly dividend to 16 cents per share from 47 cents for the last three months of 2019

Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented(...)

While it beat consensus estimates at $710 million, shares in BP fell nearly 3 per cent in early trading on Tuesday.

BP reported a 66 per cent drop in first-quarter earnings and higher debt levels as the collapse in oil demand and crude prices triggered by the corona(...)

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