Provident Financial: RBC downgrades to Sector Perform with a target price of 2650p.
Schiehallion oilfield off Shetland in the North Sea has begun producing oil for BP and partners including Shell for the first time since it was shut down for refurbishment in 2013.
Schiehallion oilfield off Shetland in the North Sea has begun producing oil for BP and Shell for the first time since it was shut down for refurbishment in 2013.
A pledge by Saudi Arabia and Russia to do "whatever it takes" to cut global oil stockpiles back down to size boosted oil firms' share prices.
Royal Dutch Shell's net income rose across almost all its main units at the start of the year thanks to the rebound in oil prices, with the company touting how its cash dividend was fully covered for a third consecutive quarter.
Oil stocks and Cyclicals weighed on the market as news flowed in that Libya's main oilfield, Sharara, with a production capacity of 300,000 barrels a day, had come back online after an armed group that was protesting by blocking its pipelines stopped doing so.
Analysts at Canaccord Genuity highlighted the favourable prospects for junior oil explorers Rockhopper and Eland Oil&Gas.
Five European energy outfits, incluging Royal Dutch Shell, agreed to provide Nordstream 2 AG up to 950.0m of funds to help build the new pipeline linking Russia's natural gas reserves directly with European consumers, roughly doubling the existing capacity of Nordstream 1.
Cannacord Genuity sounded a cautious note on shares of Royal Dutch Shell's B shares pointing out the company's lack of free cash flow and mounting debt pile given its current dividend payouts, telling clients it preferred BP instead.
Equities in London ended Thursday mixed, ahead of the Easter weekend, as investors headed for safe-haven assets after US President Donald Trump said the dollar was over valued.
Stocks in London surrendered a good portion of their early gains this afternoon as US-North Korea tensions ratcheted to new highs.
Stocks in London manoeuvred their way to a positive close after UK services industry output in March came in much stronger than expected.
Equities in London held on to their early moderate gains on Tuesday to close the session on a positive note, helped throughout the day by weakness in sterling and despite a fall in UK construction growth.
Equities in London fended off Brexit jitters to close higher, having overcome some softness seen around the time Prime Minister Theresa May fired the starting gun on UK divorce talks with the EU.
Stocks in London drifted through Brexit-eve day to a positive bias as investors displayed caution ahead of Prime Minister Theresa triggering Article 50 of the Lisbon Treaty on Wednesday.
Equities in London closed the day much lower with investors selling resources stocks and heading for gold on doubts about whether US President Donald Trump will be able to deliver on his healthcare and fiscal stimulus promises.
Equities in London spent most of the session adrift with a slightly negative bias ahead of the US congressional vote on President Donald Trump's Healthcare Bill, with little in the way of domestic corporate or economic news to provide firm direction.
Equities in London rose to a positive close with the FTSE 100 enjoying a rise after UK retail sales for February came in stronger than expected and helped both clothes-related retailers and sterling higher.
Equities in London spent the session drifting sideways even as Prime Minister Theresa May set 29 March as the day she would trigger Article 50 to begin Brexit talks to bid farewell to the EU.
Stocks in London spent Friday locked in sideways trade to finish marginally higher, relaxing at the end of a week studded with volatility and caution linked to interest rates, Brexit and Netherlands' elections.