Breaking news
Aramco to cut spending by 25% as oil prices plummet – but it will still fork out £3.2bn in dividends Saudi Aramco racked up costs of almost £27bn last year, but could cut to £20bn The state-backed energy giant went public in December in the biggest ever float It will pay £3.2bn in dividends for … Read more
Tullow Oil slashes workforce as it reveals recent oil price rout could sink it By Daily Mail City & Finance Reporter Published: 23:17 GMT, 12 March 2020 | Updated: 23:17 GMT, 12 March 2020 Tullow Oil’s future was in doubt last night it revealed that the recent oil price rout could sink it. The energy … Read more
Oil price slump will wipe out North Sea tax revenues, says the Treasury watchdog By Daily Mail City & Finance Reporter Published: 21:59 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 The slump in the oil price could almost wipe out tax revenues from the North Sea, according to the Treasury watchdog. … Read more
Outrage after Saudi Arabia’s state oil firm forces worker to dress up as a human hand gel dispenser Images shared online show Saudi Aramco worker dressed as hand gel dispenser Act criticised with social media users saying it is ‘humiliating’ and ‘disgusting’ Firm said practice ‘immediately’ stopped and measures taken to prevent repeat By Faith Ridler … Read more
With markets opening on Monday morning to the biggest crash in oil price since the 1991 Gulf War, the big question for motorists is: will the cost of petrol drastically fall in the coming days? The price of Brent crude fell from $52 a barrel this time last week to as little as $35 this … Read more
The brother and nephew of Saudi Arabia’s King Salman have been arrested over a plot to oust the king and his son, Prince Mohammed bin Salman. Prince Ahmed bin Abdulaziz al-Saud, a brother of King Salman, and the monarch’s nephew Prince Mohammed bin Nayef were accused of treason. They were taken from their homes early … Read more
Futures on the Dow Jones Industrial Average tumbled 1,000 points in early trading Sunday night amid a price war over crude oil, marking the greatest plunge in oil markets since the Gulf War in 1991. Oil prices plunged 30 percent after the start of electronic trading late Sunday, pointing to a more than 1,000-point loss … Read more
The £300bn coronavirus crash: FTSE down 12.7%, oil down 23% while US 10-year bond yields are down 51% in just TWO weeks By Hugo Duncan for the Daily Mail Published: 21:51 GMT, 6 March 2020 | Updated: 21:51 GMT, 6 March 2020 More than £300billion has been wiped off the value of Britain’s leading companies … Read more
Just half a teaspoon of olive oil a day could cut the risk of a heart attack by a fifth, a study has shown. Harvard researchers studied the health of nearly 100,000 people over 24 years and found higher olive oil consumption was beneficial to heart health. Most experts agree olive oil – especially extra … Read more
A five-year-old girl was left fighting for her life after knocking over a deep fat fryer and burning 38 per cent of her body. Grace Shaw was playing with her younger sister Farrah when she fell and pulled the contents of the cooker – which were as hot as 375F – all over herself on … Read more