Royal Dutch Shell said it will write down between $15 billion and $22 billion in the second quarter, as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil.
The impairment is the firm’s largest since Royal Dutch Petroleum Co. and Shell Transport...
Oil prices rose on Wednesday after an industry report showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.
Brent crude rose 33 cents, or 0.8%, to $41.60 a barrel after declining more...