Oil & gas
Shell Q4 profit falls over 45% to $1.8 bn as crude price fall bites
04 Feb 2016
For Shell, despite the cushioning effects of its large refining and chemicals businesses, each $10 a barrel change in the oil price has an impact of about $3.3 billion on annual earnings
Russia weighs Opec proposal for oil production cutbacks
29 Jan 2016
A combined reduction in oil production could immediately reduce global supplies of crude oil by around 1 million barrels per day
Low oil prices put ONGC Videsh in a bind
28 Jan 2016
Petrobras close to selling 36% stake worth $892 mn in Braskem
23 Jan 2016
Petrobras had last year decided to sell $15.1 billion of assets by the end of 2016 in order to fund expansion and pay off its massive debts
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