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Added on the 28/10/2014 16:59:36 - Copyright : Reuters EN
Oil major BP has reported lower profits and says it will cut spending on exploration because of the fall in oil prices. But as Hayley Platt reports a surprise contribution from its stake in Rosneft helped it beat forecasts.
BP's second-quarter profits missed expectations after the British oil and gas company took a $10.8 billion pretax charge related to a settlement of the 2010 Gulf of Mexico spill. Hayley Platt reports
China’s largest oil and gas producer PetroChina reported a massive 82 percent fall in first quarter profits due to lower global oil prices. Meg Teckman reports.
A Ukrainian drone attack on Moscow leaves a building damaged in a central business district, after the sixth straight night of aerial attacks on Russia's capital region. IMAGES
Rescuers work to clear up rubble and debris after a strike hit residential buildings in the eastern Ukraine town of Sloviansk leaves rubble. According to local governor Pavlo Kyrylenko, Russian shelling killed at least five and injured more than a dozen others. IMAGES
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.