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Added on the 03/02/2015 12:38:38 - Copyright : Reuters EN
China’s largest oil and gas producer PetroChina reported a massive 82 percent fall in first quarter profits due to lower global oil prices. Meg Teckman reports.
Oil major BP increases dividends in the third quarter as it sees a jump in operating cash flow. As Amy Pollock reports that's despite lower oil prices and a steep drop in contributions from Russia where a depreciating rouble hits its income.
Midland (Texas), Apr 6 (EFE).- Gas prices across the US are extremely low causing oil prices to drop dramatically in part due to the COVID-19 coronavirus. (Camera: LARRY SMITH).FOOTAGE SHOWS AN OIL PUMP IN AN OIL FIELD NEAR MIDLAND, TEXAS, USA.
Oil prices surge after raging wildfire hit Canada's oil sands region, cutting as much as one-third of the country's daily crude capacity.
Major oil exporters meet in Doha this weekend to discuss a possible production freeze. But even if a deal is struck, analysts offer little hope it will reduce a glut that's pushed crude prices down by 70 per cent since 2014. Kirsty Basset reports.