Royal Dutch Shell out with their latest earnings and a warning
- lower oil prices could continue for several years
- Q2 earnings $3.4 bln vs $5.1bln prev
- 6500 jobs to be cut
- spending plans slashed, 2015 capex cut to $30bln and 20% down on last year
Not good news and follows on from BP on Tuesday also warning that low oil prices were here to stay
Brent crude currently $53.54 in a steady start to the session
Also in the UK energy sector Centrica announce 6000 job losses
Ouch