Hue Future News Today : Breaking News, Live Updates & Top Stories | Vimarsana

let's get down to business. we start with bp, as it's expected to reveal it made record profits in the second quarter. the rising price of oil has given the energy giant a significant boost. in fact bp chief executive, bernard looney, described the energy market last year as a cash machine. so let's take a look at its previous quarter, when bp made an operating profit of $8.2 billion. this, despite off—loading its nearly 20% stake in russian—controlled oil company rosneft. it also instigated a huge share buy—back programme. last week, its rival shell reported second quarter pro...

Happening in the world stage. there is a lack of investment in infrastructure in international oil companies, and the reason for that is to do with the psychical nature of the industry. it is a boom and bust industry, energy, and that has a massive impact on investment cycles, on capacity and ultimately the price that consumers pay for their energy. but right now it is boom, it is boom time, and everyone is looking to bp, which decades ago said the p stands for beyond petroleum, to invest in a renewable, sustainable future, and shell and all the other rivals, so what are we seeing when it come...