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