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Commodities Markets

Shell profits soar on stronger oil prices

By Ron Bousso LONDON, April 26 (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in profits in the first quarter of 2018, the highest in over three years, boosted by higher oil prices and beating analysts’ expectations. 

French oil major Total’s Q1 profits lifted by record production

PARIS, April 26 (Reuters) – Record output and high oil prices helped French oil and gas major Total report a consensus-beating rise in net adjusted profit during the first three months of the year, with Total adding it would surpass its production target for 2018. 

Russia, betting on EU Trump talks, keeps powder dry in Rusal row for now

(Repeats story from Wednesday) By Darya Korsunskaya and Polina Devitt MOSCOW, April 25 (Reuters) – Moscow is holding off on taking retaliatory measures against the United States for imposing sanctions on Rusal, hoping the EU can persuade Washington to ease restrictions against the world’s second largest aluminium producer further, sources told Reuters.