Jan 19th, 2016
by John Donovan.

By James Skinner – Tuesday, 19 January, 2016
All that remains for Shell’s (LSE: RDSB) takeover of BG Group (LSE: BG) to become a done deal is for shareholders to vote it through at the end of this month (AGM).
I’m now having second thoughts about this, partly as a result of last week’s news, which saw Standard Life announce that it will vote against the merger at the upcoming meeting.
This announcement has prompted me to stop for a moment and ask if the transaction still makes sense. read more
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Jan 19th, 2016
by John Donovan.

Hazel Sheffield: 18 JAN 2016
Not everyone agreed with the RAC when it said that petrol could become cheaper than bottled water.
RAC wagered that if the price of oil slid below $20 barrel, it could push petrol prices to 90p a litre – while a fall to $10 a barrel or less could see petrol sold at 86p a litre, or cheaper than a bottle of water.
But only if you are a water snob, according to the Hydration Council, who emailed us to say that the average price of a litre bottle of water, purchased in a multi-pack, is 38p. Take that, Perrier drinkers. read more
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John Donovan. There is also a
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Jan 19th, 2016
by John Donovan.

Refining profits that buttressed earnings for Exxon Mobil Corp. and Royal Dutch Shell Plc as crude prices plunged are now slumping, further pressuring all of the world’s biggest oil companies as they move into 2016.
Global refining margins, the estimated profit from turning oil into gasoline and diesel, fell 34 percent in the fourth quarter, the steepest decline in eight years, to $13.20 a barrel, data on BP Plc’s website show. Every $1 drop cuts BP’s pretax adjusted earnings by $500 million a year, according to its website. read more
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shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.