China's once ravenous hunger for energy is weakening at a record rate, compounding the pressure on Opec to slash global oil production this week by as much as two million barrels a day to prevent a glut.
The Times
Drop in China’s oil demand pressures Opec to cut production
Lord Turner calls for wind and nuclear power in race to cut emissions
Last week, BP said that it was pulling out of a British CCS project and was abandoning the domestic wind energy industry altogether in search of higher returns in the United States. Other renewable energy projects are struggling under the twin burdens of high costs and a lack of finance. The weaker oil price has also undermined their economic attractiveness to lenders a
London stockmarket plunges again on fears of deep worldwide recession
The London stockmarket plunged by more than 5% again this morning as the turmoil in the world's financial markets continued.
Top 100 graduate employers – No.16 Shell
Shell boasts the world's largest fuel retail network, with 45,000 petrol stations, 7,000 delivery lorries and more than 300 distribution facilities. Given the recent high price of oil, it is no surprise that Shell turned in a record profit of $27.6billion last year.
Business big shot: David Greer of Regal Petroleum
Mr Greer's exhortations that his staff should lead me, follow me or get out of my way bore a striking resemblance to a famous speech given by the American general George Patton to troops during the Second World War. Widely ridiculed, Mr Greer, every inch the grizzled oilman, resigned.
Paraffin mafia comes unstuck after 676m fines
The Commission made dawn raids on the companies three years ago after Shell, one of its members, blew the whistle on the illegal activities. Shell escaped a possible fine because it provided the Commission investigators with the initial vital information.
Total accused of ducking blame for Buncefield explosion
BP and Shell, which also had operations at the plant, are also claiming substantial damages.
What the news media says about the website which has cost Shell billions
In July 2007, the One World Trust, an independent research organisation associated with the UK Houses of Parliament and the United Nations, said in an "Accountability in Action" newsletter: "As The Royal Dutch Shell plc website shows, a gripe site can have a profound impact on global organisations". The newsletter went on to say: "The site has not only cost Shell billions of dollars in Russia... "even Shell insiders unhappy with the company use it".