The past two weeks have brought interim reports from oil companies showing that the arrow seems to now be pointing in the right direction for the hard-pressed sector.
On Thursday this week, Statoil and Shell both published large profits compared to the first quarter 2016, a period in which the oil price hit rock-bottom.
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European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.