OPEC+ to boost output in March by 0.4m b/d, as expected
2nd Feb 2022 14:16
(Sharecast News) - The Organisation of the Petroleum Exporting Countries and its main allies, or OPEC+ as they are collectively known, will raise their combined output of crude oil in March as expected.
Read moreOPEC+ raises oil output by 0.4m b/d, as expected
4th Jan 2022 14:35
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its main allies went ahead and raised their combined output target as planned.
Read moreOil futures slip after OPEC says it expects Covid-19 impact to be "mild"
13th Dec 2021 13:54
(Sharecast News) - The Organisation of Petroleum Exporting Countries revised its forecasts for global crude oil demand in 2021 and 2022, but said it expected the impact of the Omicron variant to be "mild".
Read moreSaudi raises crude prices for Asia in January in possible sign of confidence
6th Dec 2021 09:46
(Sharecast News) - Crude oil futures are trading on the front foot in the early going after Saudi Aramco raised its official selling prices for Asia in January.
Read moreDeutsche Bank upgrades BP to 'buy', raises Brent oil price forecast
3rd Dec 2021 08:50
(Sharecast News) - Analysts at Deutsche Bank upgraded their recommendation for shares of BP from 'hold' to 'buy' and raised their target price for its shares after revising their Brent oil price forecast for 2022 higher by 18% to $75 a barrel.
Read moreOPEC+ to raise output, but leaves itself room for manoeuvre
2nd Dec 2021 16:00
(Sharecast News) - The Organisation of the Petroleum Exporting Countries and its allies surprised some oil traders with their decision to go ahead with their previously planned output hike in January - despite the appearance of Omicron, the new strain of Covid-19.
Read moreJP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023
29th Nov 2021 15:25
(Sharecast News) - Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
Read moreRussian energy minister warns against 'hasty' decisions on oil output
29th Nov 2021 08:30
(Sharecast News) - Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.
Read moreRBC stays at 'buy' on BP, sees higher buybacks in 2022
3rd Nov 2021 11:56
(Sharecast News) - Analysts at RBC Capital kept their recommendation for shares of BP at 'sector perform' following the oil major's latest update.
Read moreBP Q3 profits beat expectations, reveals $1.25bn buyback
2nd Nov 2021 07:02
(Sharecast News) - Surging oil and gas prices helped energy giant BP report better-than-expected third quarter profits on Tuesday driven by higher demand and announced a $1.25bn share buyback.
Read moreTuesday preview: Euro area services, BP in the spotlight
1st Nov 2021 13:40
(Sharecast News) - Financial markets' focus on Tuesday will be on euro area factory sector activity.
Read moreBP and Daimler partner to roll-out hydrogen network for UK freight transport
27th Oct 2021 15:01
(Sharecast News) - BP and Daimler will work together to accelerate the introduction of a hydrogen network with the aim of decarbonising UK freight transport.
Read moreBP and Daimler partner to roll-out hydrogen network for UK freight transport
27th Oct 2021 15:01
(Sharecast News) - BP and Daimler will work together to accelerate the introduction of a hydrogen network with the aim of decarbonising UK freight transport.
Read moreSaudi Aramco boss warns of lack of crude oil production capacity
26th Oct 2021 08:37
(Sharecast News) - Saudi Aramco 's boss warned on Tuesday of a lack of crude oil production capacity.
Read moreUK petrol prices hit record highs as Brent crude reaches $86
25th Oct 2021 12:32
(Sharecast News) - UK petrol prices hit a new record high in the UK as global oil prices continue to soar, placing further inflationary pressure on hard-pressed Britons already struggling with surging energy costs and a tax rise.
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