August 30, 2019/OilPrice.com Anglo-Dutch Shell announced an A$617 million ($418 million) offer for Australia’s ERM Power in August marking another move by the oil and gas major into the power sector. In March this year, Shell completed its rebranding of the UK’s First Utility as Shell Energy, having bought the […]

August 30, 2019/OilPrice.com Oil prices looked to be on course for their largest weekly gain since July, but demand fears driven by Hurricane Dorian hitting Florida sent prices crashing on Friday morning. Friday, August 30th, 2019 Oil prices looked set for their biggest weekly gain since July, but demand fears […]

August 30, 2019/Cowry Asset Freshly released Purchasing Managers’ Index (PMI) survey report for August 2019 showed faster expansions in both the manufacturing and non-manufacturing businesses despite the slower new order and new businesses indices. According to the survey, the manufacturing composite PMI expanded to 57.9 index points in August 2019 […]