Bloomberg Low oil prices are usually a curse for green energy, but this time might be different. The collapse of the crude market has seen prices fall below zero for the first time in history. Yet Royal Dutch Shell outlined a bold programme to slash carbon emissions and invest in clean energy, while Eni said it’ll consider accelerating its ambitious ...

Bloomberg Eni SpA reported a 94% drop in first-quarter profit and cut its production forecast for the year as demand is crushed by the coronavirus pandemic. While the large decline in earnings reflects in part a high tax rate, it provides signals for the rest of the industry, with the worst impact of oil’s historic plunge likely in the coming ...

Bloomberg Bank of China (BOC) Ltd’s estimate for the carnage to retail investors from the collapse in a product linked to US crude oil futures has surged 11-fold to more than $1 billion as it consolidated reports from its nationwide network, according to people familiar with the matter. The lender’s estimate of losses to customers across China increased from about ...