Shell Earnings Hit By Chemical Margins and Intergrated Gas Prices

Royal Dutch Shell, Europe’s largest oil company reported weaker than expected second quarter results Thursday. $RDS.A fell near 5%, their biggest one-day fall since January 2016. Shell’s integrated gas division performed the worst, earnings down 25% year on year.

How Much Oil In America’s Strategic Petroleum Reserve is Contaminated?

Countries around the world store oil for times of crisis and price bumps, the idea is store it and use it in emergency. What if that oil is not usable, if it is contaminated? Three buyers from the US Strategic Petroleum Reserve say just that, from oil bought last year from the SPR.