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Added on the 29/03/2019 15:51:09 - Copyright : Wochit
Vienna, Apr 9 (EFE / EPA) .- (Camera: Christian Bruna) Oil powers inside and outside OPEC are negotiating a record cut to prop up depressed prices due to the collapse in demand due to the pandemic.FOOTAGE OF THE OPEC.
Royal Dutch Shell has posted a 37 percent drop in second quarter profit. As Hayley Platt reports the Anglo-Dutch oil and gas company is planning to axe 6,500 this year and reduce spending further to deal with persistently low oil prices.
Total has posted higher than expected second-quarter profit. As Hayley Platt reports The French oil major was helped by increased refining margins in Europe and accelerated cost-cutting efforts to adjust to a low oil price environment.
Former OPEC president Diezani Alison-Madueke leaves a London court after appearing over bribery charges relating to her time as Nigeria's oil minister. The UK's National Crime Agency says Alison-Madueke allegedly benefitted from at least £100,000 in cash, chauffeur-driven cars, flights and luxury holidays accepted as rewards "for awarding multi-million pound contracts". The 63-year-old was arrested in October 2015, shortly after which her family's lawyer said she would strongly contest the allegations. IMAGES
Abdulaziz bin Salman, Saudi Arabia's energy minister, Alexander Novak, Russian deputy prime minister in charge of energy, Suhail Mohammed Al Mazrouei, energy minister of the United Arab Emirates and Haitham al-Ghais, Secretary General of OPEC arrive at the OPEC+ meeting in Vienna, expected to agree on major production cuts to prop up prices. IMAGES
The Saudi Minister of Energy, Prince Abdulaziz bin Salman, arrives at his hotel in Vienna on the eve of an OPEC+ meeting, the first in-person meeting at the group's headquarters since March 2020. IMAGES
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