Brazilian gas demand soars, stoking global energy crisis
15th Oct 2021 16:40
(Sharecast News) - The severe drought hitting Brazil has resulted in soaring demand for natural gas to generate electricity, feeding the global gas shortage.
Read moreBerenberg upgrades BP, Harbour Energy to 'buy'
15th Oct 2021 11:29
(Sharecast News) - Berenberg upgrade its stance on a host of oil and gas stocks on Friday - including BP - as it argued that share prices across the oil sector remain cheap, with further consensus upgrades to come as higher commodity prices are reflected in estimates.
Read moreMorgan Stanley hikes targets for European oil majors, highlights outlook for Shell
12th Oct 2021 11:23
(Sharecast News) - Morgan Stanley hiked its target prices for European oil majors' shares, telling clients that they were set to generate "high" levels of free cash flow, deleverage their balance sheets "fast" and in turn to increase their shareholder distributions.
Read moreEuropean natural gas futures may still be headed higher, Goldman says
8th Oct 2021 10:06
(Sharecast News) - You can take Russian officials' remarks on natural gas at face value but prices in Europe may still be headed higher before additional supplies arrive, Goldman Sachs said.
Read moreBrent jumps as OPEC+ surprises, stands pat on output
4th Oct 2021 16:09
(Sharecast News) - Crude oil futures hit seven-year highs after OPEC+ nixed talks of a supply increase at their ministerial meeting.
Read moreBoA ups target prices for Gazprom and Novatek amid natural gas price spike
28th Sep 2021 12:10
(Sharecast News) - Analysts at Bank of America revised their target prices for shares of Gazprom and Novatek higher following the recent spike in natural gas prices.
Read moreOil passes $80 per barrel for first time in three years
28th Sep 2021 11:39
(Sharecast News) - Benchmark oil prices have pushed past $80 a barrel for the first time in three years, as concerns about possible shortages grow.
Read morePush for 'net zero' emissions could have significant impact on inflation, Capital Economics says
28th Sep 2021 10:47
(Sharecast News) - The global push towards "net-zero" emissions could have significant implications for the inflation outlook depending on how quickly those changes are implemented, economists said.
Read moreBP temporarily shuts some petrol stations due to supply issues
23rd Sep 2021 14:39
(Sharecast News) - BP said on Thursday that it has had to close some of its petrol stations due to fuel supply issues.
Read moreLightsource BP targets double growth after new funding deal
20th Sep 2021 11:10
(Sharecast News) - BP's joint solar power venture, Lightsource BP, said it will more than double its planned global expansion by 2025 after securing $1.8bn (£1.3bn) in financing.
Read moreLondon close: Oil majors buoy top-flight index even as CPI spikes
15th Sep 2021 16:15
(Sharecast News) - London's top-flight index outperformed on Wednesday, buoyed by gains for index heavyweights BP and Royal Dutch Shell on the back of fast-rising energy prices globally.
Read moreBP names new head of gas and low carbon energy operations
14th Sep 2021 13:05
(Sharecast News) - BP has named Anja-Isabel Dotzenrath, the former head of German utility RWE's renewables unit, as its new chief executive vice-president of its gas and low carbon energy operations.
Read moreSunday newspaper round-up: Ryanair, China's central bank, IAG
12th Sep 2021 13:47
(Sharecast News) - Ryanair boss Michael O'Leary has warned that airfares will be "dramatically higher" next summer as passengers rush to return to Europe for their holidays. The outspoken airline chief executive said huge demand for holidays would coincide with fewer flights, which would mean a spike in prices for holidaymakers - not just for flights, but also for hotels. - Sunday Times
Read moreMorgan Stanley downgrades US equities to 'underweight', says growth pessimism excessive
7th Sep 2021 12:58
(Sharecast News) - Equity strategists at Morgan Stanley downgraded their recommendation for US stocks ahead of the final stages of what they termed a mid-cycle transition.
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