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{ Tag Archives } largest-oil

Shell Q2 net profit up 15 percent (AP)

AP – Royal Dutch Shell, Europe’s largest oil company, reported a 15 percent rise in net profit for the second quarter thanks to higher oil and gas prices and the early completion of a cost-cutting program.

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China’s CNPC seeks to contain oil spill after pipe blast (Reuters)

Reuters – China’s largest oil company, China National Petroleum Corp (CNPC), sought to contain ocean pollution and other impacts from an explosion of two crude oil pipelines in the northeastern port of Dalian, state media reported on Sunday.

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World’s largest oil skimmer heads to Gulf spill (AP)

AP – With hurricane-whipped waves pushing more oil onto the Gulf of Mexico’s once-white beaches, the government pinned its latest cleanup hopes Wednesday on a huge new piece of equipment: the world’s largest oil-skimming vessel.

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Shell reports $5.48 billion profit in Q1 (AP)

AP – Europe’s largest oil company Royal Dutch Shell PLC reported a 57 percent increase in net profit for the first quarter on Wednesday, crediting higher oil prices, production growth, and cost-cutting.

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Oil near $71/bbl as recovery optimism offsets demand fears

SINGAPORE (Reuters) – Oil rose toward $71 a barrel on Thursday as renewed optimism that the U.S. economy was through the worst of the recession offset bearish inventory data showing continued weak demand in the world’s largest oil consumer See the original post: Oil near $71/bbl as recovery optimism offsets demand fears

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