Bloomberg Royal Dutch Shell Plc said it will write down between $15 billion and $22 billion in the second quarter, as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil. The pandemic left no part of the energy giant’s sprawling business unscathed. Shell lost money from pumping oil, fuel sales fell ...

Bloomberg Tanzanian authorities detained executives from three oil-marketing companies overnight on suspicion that they hoarded supplies to cause a shortage, according to the utilities regulator. The Tanzania Oil Marketing Association denied the allegations, saying the companies comply with fair competition rules that prohibit cartels, and that the shortage is because of the coronavirus pandemic. Petroleum imports were cut by half ...

After a week of voting, with plenty of inducements to get people to the polls, Russians have backed constitutional changes that could keep President Vladimir Putin in the Kremlin longer than Josef Stalin. With most precincts now counted, the Central Election Commission says 78% of voters came out in favour and turnout was 65%. It’s almost too impressive — given ...