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Oil major Shell to write down up to $22 billion of assets in second quarter

Oil major Shell to write down up to $22 billion of assets in second quarter

Posted By: Editorial Teamon: June 30, 2020In: ECONOMY, NEWSNo Comments

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices. It comes after the energy company announced in mid-April an ambition to reduce greenhouse gas emissions to net zero by […] Read more

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The Saudi-Russia oil price war was a ‘very big mistake,’ Qatar energy minister says

The Saudi-Russia oil price war was a ‘very big mistake,’ Qatar energy minister says

Posted By: Editorial Teamon: June 09, 2020In: BUSINESS, NEWSNo Comments

Qatar’s Minister of State for Energy Affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi Arabia and Russia to launch into a price war, which sent oil prices into free fall. “I think it was a very big mistake,” Saad […] Read more

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