Shell profit drops 67% amid weak energy demand

Date: Thursday, July 30, 2009

Shell profit drops 67% amid weak energy demand

Oil giant Royal Dutch Shell says second-quarter net profit fell 67%
amid weak energy demand.

APACHE'S LOWER PROFIT BEATS TARGET, PRODUCTION UP

Apache Corp. says second-quarter net income falls less than expected
as the energy firm boosts production by 7%.

DOW CHEMICAL SWINGS TO SECOND-QUARTER LOSS

Dow Chemical posts a second-quarter loss, a reversal from the prior year's
profit, as the company's CEO paints a mixed picture on the business
outlook for the balance of 2009.

CRUDE FUTURES REBOUND AFTER STEEP SELL-OFF

Crude-oil futures rebound from their steep sell-off in the previous
session, as a broad rally in equity markets and a decline in
continuing U.S. jobless claims improve sentiment in the energy
markets.

GOLD RISES FIRST DAY IN THREE AS OIL REBOUNDS

Gold futures rise nearly 1%, reclaiming the $935 mark and gaining for
the first session in three, as rebounding crude-oil futures and a
weaker dollar put traders in a mood to buy the precious metal.
Economically sensitive copper stages a bigger rally.