Germany won't abandon its massive gas pipeline with Russia yet, analysts say

Germany has come under increasing pressure to pull the plug on its controversial giant gas pipeline project with Russia. Experts say Berlin is unlikely to do so for now, however, given the fact the project is almost complete. German and other major European companies are involved in constructing the pipeline. Germany has come under increasing […]

Shell shows prudence on dividend, but no remorse on $16bn share buybacks

A title on Ben van Beurden’s bookshelf in his video message to Shell investors captured the mood – Fall of Giants by Ken Follett. A pillar of the UK stock market has tumbled. Shareholders have been sure of Shell’s dividend since the second world war, but now the distribution has been cut by two-thirds. The […]

Oil futures on track for a second monthly loss as coronavirus feeds demand fears

Oil futures headed lower for a sixth straight session on Friday, poised for a second monthly decline, with the spread of the COVID-19 epidemic around the world expected to significantly dent demand for crude. Analysts said the tumble puts increased pressure on the Organization of the Petroleum Exporting Countries and their allies as they prepare […]

Gulfport Energy restates some Q3 results

Gulfport Energy Corp. on Thursday filed an amended 10-Q report with the U.S. Securities and Exchange Commission, and said it was restating its consolidated financial statements for the three months and for the nine months ended Sept. 30, 2019. Gulfport said a routine year-end financial review by its new management team "identified an error related […]