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#Toby Melville

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Oil prices stabilize, firm demand counters oversupply

SINGAPORE Crude oil prices stabilized on Tuesday due to firm demand after dipping in early trade on expectations that OPEC would not cut output at its meeting this week. The Organization of the Petroleum Exporting Countries (OPEC) meets this Friday in Vienna t... More »

Shell challenges Exxon dominance with $70 billion bid for BG

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) agreed to buy smaller rival BG Group (BG.L) for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil (XOM.N) after a plu... More »