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Shell says annual profit almost triples to $13B

Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13 billion in 2017, energized by rising oil and gas prices. Net or bottom-line earnings for the full year compared with a figure of $4.6 billion in 2016, the Anglo-Dutch energy giant revealed...

Over half of TurkStream gas pipeline completed

More than half of the first line of the TurkStream natural gas pipeline project to deliver 35 percent of Turkey's gas needs has been completed, Gazprom officials, the project constructor, told visiting Turkish journalists at Novy Urengoy, Russia's biggest gas field and the world's...

Trump will be 'best salesperson' for US economy at Davos: WH

US President Donald Trump is aiming to be the "best salesperson" for American economic interests when he goes to Davos later this week, the White House said Tuesday. Trump is set to speak Friday at the World Economic Forum, an annual gathering of the global pro-trade elite at the Swiss...

Russia may back Aramco IPO, enhance OPEC ties

Russian pension funds are considering investing in Saudi Arabian state oil major Aramco when it lists its stock in a move to strengthen the partnership between the world's two top oil producers, Russia's top state investment officer said. The head of Russia's Direct Investment Fund,...