Sterling Bancorp (STL) Declares $0.07 Quarterly Dividend; 1.2% Yield

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Go back to Sterling Bancorp (STL) Declares $0.07 Quarterly Dividend; 1.2% Yield

After false dawn, Big Oil to double down on cost cuts

July 21, 2017 10:31 AM EDT

By Ron Bousso

LONDON (Reuters) - After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

Corporate hopes were raised by a deal between members of the Organization of Petroleum Exporting Countries and other non-OPEC producers to cut production, which lifted oil prices above $58 a barrel in January, after they had slid to as low as $27 in 2016.

But Brent crude prices have since slipped back below $50 and banks have lowered price... More