Libya's domestic disorder is undermining oil production and removing a source of high-quality oil blends for aging European refineries.» Read More
According to the French oil and gas company, Total, the decision has nothing to do with tax avoidance but to be closer to the City of London where oil is traded. Stephane Pedrazzi has more from Paris.
French oil major Total plans to move its corporate treasury department to London to get closer to analysts and raise its profile with investors, a spokesman said.
European shares closed down on Friday, ending the week with a slight loss, after a choppy trading session which saw Rolls Royce and Daimler drag European bourses lower following analyst downgrades.
Earnings season officially kicked off today, and a number of negative preannouncements from S&P 500 companies could mean ugly results.
Statoil said last week it was forming a special operations division to handle emergency operations in response to a terrorist attack on a natural gas facility in Algeria.
The emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, 61, informed members of the ruling family on Monday of his decision to hand power to Crown Prince Sheikh Tamim, the Qatari-owned television channel Al Jazeera said.
Fears of a bursting dividend bubble are overdone, as dividend stocks are only "extended," say fund managers.
European authorities raided the offices of Shell, BP and Statoil in an investigation of suspected manipulation of oil prices.
European shares closed lower after U.S. growth figures missed expectations pointing to a potential slowdown in the world's biggest economy.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
European shares closed lower on Wednesday on worries about slowing growth and rumors of a credit downgrade for Germany curbing investor sentiment.
Brent crude oil sank to a nine-month low on Monday, after bleak Chinese and U.S. data stoked worries of a slowdown in economic growth in the world's top oil consumers.
Oil traded mixed on Wednesday, but expectations of steady global consumption growth held Brent crude above $109 a barrel.
First Solar beat on earnings but its revenue and outlook fell short. Shares tumbled after-hours.
Something quite extraordinary has been happening over the last three months: Solar stocks are back, reports one TheStreet.com contributor.
U.S. stock index futures held their gains Wednesday following a pair of economic reports, a day after the Dow and S&P 500 closed at multi-year highs.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
The implications of Hugo Chavez's illness are enormous, for Venezuela, for the world, and particularly for the U.S., which remains highly dependent on imports of Venezuelan crude.
CALGARY, Alberta, Nov 1- Suncor Energy Inc said on Thursday that rising light oil production threatens the profitability of a massive new upgrading facility planned by Canada's dominant oil sands producer as it delayed plans to expand output from the world's third-largest oil reserve.
CALGARY, Alberta, Nov 1- Suncor Energy Inc said on Thursday that it may delay completion of its planned Fort Hills oil sands mine by a year, with production now slated to start in 2017, as it reviews the profitability of its expansion plans.