Curb fuel prices, UK groups tell profitable oil cos

Newswire

LONDON, Jan 31 (Reuters) - Oil companies should use some of their record profits to lower high retail fuel prices, Britain's largest trade union and its Automobile Association said on Thursday in response to Royal Dutch Shell's results. The Anglo-Dutch company posted a record European company profit of $27.6 billion for 2007, after benchmark U.S. crude prices averaged more than $90 a barrel in the fourth quarter and hit an all-time high above $100 in early January. [ID:nL31854321] Tony ...

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