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Singapore News - China-owned fuel station operators have lowered petrol prices by another four cents a litre across the board - the third reduction since last Friday (July 1). According to Fuel Kaki, a pump price tracker initiated by the Consumers Association of Singapore, Sinopec cut rates... Read more at www.tnp.sg
14 Min Read (Reuters) - Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European oil giant Royal Dutch Shell Plc. FILE PHOTO: An oil tank truck fills the pumps at a Shell petrol station in Sao Paulo, Brazil, May 31, 2019. Picture taken May 31, 2019. REUTERS/Nacho Doce/File Photo In 2018 and 2019, Shell earned more than $2.7 billion - about 7% of its total income in those years - tax-free by reporting profits in companies located in Bermuda and the Bahamas that employed jus...