Bloomberg Royal Dutch Shell Plc reported third-quarter profit that beat analyst estimates after its acquisition of BG Group Plc boosted oil production, helping to counter a slump in prices. The shares rose. Profit adjusted for one-time items and inventory changes advanced 17 percent from a year earlier to $2.79 billion, Shell said Tuesday. That exceeded the $1.79 billion average ...

  Bloomberg Gasoline in New York jumped the most in almost eight years, and its premium to crude prices soared 60 percent after an explosion and fire in Alabama shut the largest fuel pipeline in the US, killing one person and injuring more. Traders rushed to book cargoes from Europe. December-delivery gasoline rose as much as 15 percent to the ...

  Bloomberg With the enthusiasm around its industrial transformation stalled, General Electric Co. is hoping for a boost from an oil megadeal that has already won the backing of the activist investor Nelson Peltz. Chief Executive Officer Jeffrey Immelt is merging the company’s oil and gas unit with Baker Hughes Inc. to create a behemoth capable of both weathering the ...