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29 Jul 2016 13:51

Fight for survival returns to Europe's battle-hardened refineries

* Simple European refiners begin run cuts of up to 5 pct * Companies integrate refining and trading * BP's second-quarter margins worst in six years By Libby George LONDON, July 29 (Reuters) - Energy companies' lifeline during the rout in oil prices - refining and downstre

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28 Jul 2016 16:43

European shares fall led by financials, disappointing results

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds details, closing prices) * STOXX 600 index ends down 0.9 pct, down 7 pct year-to-date * Lloyds leads fallers in weak bank sector

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28 Jul 2016 16:42

Sector movers: Oil-related sectors retreat as Aerospace & Defence flies

(ShareCast News) - FTSE indices were mixed heading towards the closing bell on Thursday, with the blue-chip index helped south by oil stocks undermined by crude's weakness and Royal Dutch Shell's second-quarter shocker. "An unsurprisingly indecisive session in Europe has seen the likes of the FTSE l

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28 Jul 2016 16:11

FTSE edges down from 1-year high, earnings weigh

* FTSE 100 index down 0.4 pct at close * Lloyds, Smith & Nephew, Shell among top losers * Rolls-Royce jumps on positive outlook * AstraZeneca closes at a record high (Adds detail and updates prices at close) By Kit Rees and Atul Prakash LONDON, July 28 (Reuters) -

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28 Jul 2016 13:43

UPDATE 3-Shell misses expectations as earnings plunge on oil, BG costs

* Q2 profit falls 72 pct, misses estimates by $1.1 bln * Shares fall, worst performance in two months * Q2 cashflow did not cover dividend payments * Shell reliant on asset sales to make money * Delays investment decision on Lake Charles LNG project (Adds details, update

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28 Jul 2016 10:39

South Africa's largest refinery operating normally -spokeswoman

CAPE TOWN, July 28 (Reuters) - South Africa's largest refinery, jointly operated by Shell and BP, has not shut down due to a worker's strike over wages, a spokeswoman said on Thursday, contradicting an earlier union claim. "The plant has not stopped production and we have measures in place

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28 Jul 2016 09:48

WINNERS & LOSERS SUMMARY: Rolls-Royce Up On "Strong" Underlying Beat

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28 Jul 2016 09:06

FTSE edges down from 1-year high, earnings weigh

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * Blue-chip FTSE 100 index falls 0.1 pct * Smith & Nephew, Shell among top losers * Rolls-Royce jumps on positive outlook B

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28 Jul 2016 08:46

Royal Dutch Shell profits slump, miss forecasts by $1bn

(ShareCast News) - Royal Dutch Shell's second quarter profits dropped 72% due to lower oil prices and narrower refining margins, though the dividend was held steady despite a stonking 94% fall in earnings. Failing to match the strong performance of rival BP, Shell posted earnings attributable to sha

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28 Jul 2016 07:37

LONDON MARKET OPEN: Rolls Royce Up, Shell Down Amid Raft Of Reporting

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28 Jul 2016 07:21

Sibanye Gold says South African union wage demands 'ridiculous'

WESTONARIA, South Africa, July 28 (Reuters) - Wage demands by South African mining unions of up to 50 percent are "ridiculous" and pay cuts should be on the table, the chief executive of Sibanye Gold said on Thursday. Neal Froneman also said in a presentation that the department of mineral

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28 Jul 2016 06:22

Shell's quarterly profits sink 70 percent, below expectations

LONDON, July 28 (Reuters) - Royal Dutch Shell reported a more than 70 percent fall in quarterly profits on Thursday, well below analyst estimates, as weak oil and gas prices further ate into revenue. Shell's current cost of supplies -- its definition of net income -- came to $1 billion in

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27 Jul 2016 17:17

UPDATE 1-Mexico's Pemex must take minimum 45 pct stake in deep water venture

(Adds details on joint venture stakes, key dates and background on Trion field) By David Alire Garcia and Ana Isabel Martinez MEXICO CITY, July 27 (Reuters) - Mexico's oil regulator on Wednesday said state-owned oil company Pemex must take a minimum 45 percent stake in its first-ever

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27 Jul 2016 10:45

UPDATE 2-South Africa oil workers' strike could hit refineries

* Strike over wages planned for Thursday * Oil firms have secured fuel supplies * Shell, BP, Chevron and Sasol plants may be hit (Adds employer body's comments, details) By Wendell Roelf CAPE TOWN, July 27 (Reuters) - South African energy workers plan to strike indefinit

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27 Jul 2016 09:06

S.African refineries make contingency plans to secure supplies before worker's strike

CAPE TOWN, July 27 (Reuters) - Operators of South African refineries have taken contingency measures to secure supplies ahead of an industry strike due to start on Thursday, the National Petroleum Employer's Association (NPEA) said on Wednesday. Zimisele Majamane, the deputy chairman of NPE

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