OPEC+ to boost output as planned, says geopolitics behind price surge
2nd Mar 2022 16:33
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its non-member allies approved a further increase in their combined production and said that the recent oil price surge was not the result of market fundamentals but of "geopolitical developments".
Read moreApple, Airbus join growing list of firms cutting ties with Russia
2nd Mar 2022 10:31
(Sharecast News) - The list of companies cutting ties with the Russian regime grew on Wednesday, with Apple, Airbus, Boeing and Exxon all responding to Moscow's unprovoked invasion of Ukraine.
Read moreShell becomes latest oil giant to quit Russia
1st Mar 2022 06:55
(Sharecast News) - Shell is to join rival BP in exiting its Russian interests, including ending its involvement with the controversial Nord Stream 2 pipeline.
Read moreBP to offload stake in Russia's Rosneft
28th Feb 2022 06:57
(Sharecast News) - BP is to exit its near-20% holding in state-owned oil giant Rosneft in response to Russia's invasion of Ukraine, at an expected cost of around $25bn.
Read moreSunday newspaper round-up: Swift, Peace talks, Nuclear deterrent
27th Feb 2022 16:23
(Sharecast News) - The US, UK, European Union and Canada have decided to block Moscow's access to the Swift international banking system. In a statement issued by the White House, the countries said: "[Vladimir] Putin's war of choice and attacks on the sovereign nation and people of Ukraine. We will hold Russia to account and collectively ensure that this war is a strategic failure for Putin." - Guardian
Read moreRBC Capital upgrades BP to 'outperform'
25th Feb 2022 09:57
(Sharecast News) - RBC Capital Markets upgraded BP to 'outperform' from 'sector perform' on Friday and lifted the price target to 450p from 430p.
Read moreEuropean airlines and staples have greatest sensitivity to escalation in Ukraine-Russia crisis, Deutsche says
23rd Feb 2022 08:08
(Sharecast News) - The exposure of most European companies' sales and profits to Russia is "not material" but the same cannot be said of their sensitivity to higher energy costs.
Read moreBP reaffirms commitment to Russia business despite Ukraine border tensions
14th Feb 2022 14:39
(Sharecast News) - BP reiterated its commitment to its Russian oil and gas business despite rising tensions between Russia and the West over Ukraine, said chief executive Bernard Looney on Monday.
Read moreMorgan Stanley hikes target prices for BP and Shell on higher commodity prices
14th Feb 2022 12:54
(Sharecast News) - Morgan Stanley marked up its target prices across the European Oil&Gas space after updating its commodity price assumptions.
Read moreIEA calls on OPEC+ to allow Middle East producers to boost output
11th Feb 2022 12:00
(Sharecast News) - Oil supplies from OPEC+ over the course of 2022 could undershoot the producer alliance's own goals by 1.0bn barrels unless those member countries who have spare capacity on hand increase their output, the world's oil watchdog said.
Read moreJP Morgan comes away 'bullish' from BP Q4 results, sees positive skew to consensus revisions
9th Feb 2022 10:06
(Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' stance on shares of BP hailing the outfit's ability to deliver sector-leading total shareholder returns and positive 'skew' to consensus estimates for the company's earnings going forwards.
Read moreBP swings to massive profits on oil, gas price surge
8th Feb 2022 07:01
(Sharecast News) - Energy giant BP reported on Tuesday swung to a huge annual profit, driven by surging oil and gas prices, but warned of lower production and flat refining margins in the first quarter of the current year.
Read moreTuesday preview: US business confidence, BP in the spotlight
7th Feb 2022 12:27
(Sharecast News) - Tuesday's economic calendar is light.
Read moreLos buenos resultados de GNL de Shell aumentan las expectativas de BP -- Market Talk
7th Feb 2022 11:14
(Sharecast News) - 1111 GMT - BP debería presentar un resultado positivo de su negocio de GNL (gas natural licuado) en sus resultados de este martes, afirma RBC Capital Markets, que añade que los resultados optimistas de Shell de la semana pasada refuerzan esta opinión. Además, se espera que la compañía energética británica aumente la recompra de acciones este trimestre a la luz de los fuertes precios de las materias primas y las desinversiones cobradas, señala RBC. El banco estima que BP registrará un flujo de caja excedente de unos 3.300 millones de dólares, lo que sugiere una recompra a futuro de entre 1.500 y 2.000 millones de dólares. "Aunque seguimos siendo escépticos con respecto a la nueva y audaz estrate
Read moreSunday newspaper round-up: Tesco, Vodafone, Bank of England
6th Feb 2022 19:22
(Sharecast News) - The head of Tesco, John Allan, thinks the worst of food price inflation "is yet to come", predicting that it will soon rise to 5%. In remarks to the BBC, the chairman of the grocer said: ""In some ways the worst is still to come - because although food price inflation in Tesco last quarter was only 1%, we are impacted by rising energy prices. Our suppliers are impacted by rising energy prices. We're doing all we can to offset it ... but that's the sort of number we're talking about. Of course, 5%." - Guardian
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