IEA cuts oil demand forecast as Delta variant spreads
12th Aug 2021 10:46
(Sharecast News) - Global demand for oil will be less than expected in 2021 as fresh Covid-19 restrictions to contain the Delta variant suppress oil use, the International Energy Agency said.
Read moreIEA cuts oil demand forecast as Delta variant spreads
12th Aug 2021 10:46
(Sharecast News) - Global demand for oil will be less than expected in 2021 as fresh Covid-19 restrictions to contain the Delta variant suppress oil use, the International Energy Agency said.
Read moreUS calls on OPEC+ to raise crude oil output further
11th Aug 2021 12:56
(Sharecast News) - The Biden administration is set to call on OPEC+ to raise crude oil production further in order to lower prices at the pump.
Read moreBank of America reiterates 'underperform' on BP
4th Aug 2021 14:19
(Sharecast News) - Analysts at Bank of America stood by their 'underperform' recommendation on shares of BP, pointing out to clients that the oil major's cash returns were less well-funded than at buy-rated peers Royal Dutch Shell and Total Energy.
Read moreBank of America reiterates 'underperform' on BP
4th Aug 2021 14:19
(Sharecast News) - Analysts at Bank of America stood by their 'underperform' recommendation on shares of BP, pointing out to clients that the oil major's cash returns were less well-funded than at buy-rated peers Royal Dutch Shell and Total Energy.
Read moreWednesday broker round-up
4th Aug 2021 14:12
(Sharecast News) - ITV: Berenberg upgrades to 'buy', fair value estimate at 155.0p.
Read moreBP plans $1bn of buybacks per quarter as profit rebounds
3rd Aug 2021 07:06
(Sharecast News) - BP said it expected to buy back about $1bn of shares each quarter and increase its dividend over the next five years as the oil company swung to a second-quarter profit.
Read moreUK supermarkets fear panic-buying amid 'pingdemic' fiasco
22nd Jul 2021 11:02
(Sharecast News) - British supermarkets have called on the government to include the sector in its plan to exempt critical workers from isolation if they have been "pinged" by the NHS Covid test-and-trace app amid fears of food shortages on shop shelves.
Read moreJP Morgan raises year-end 2021 target for S&P 500
20th Jul 2021 17:48
(Sharecast News) - Strategists at JP Morgan raised their year-end target for the S&P 500 and told clients that they did not anticipate that the Delta Covid-19 variant would derail the reopening of economies.
Read moreMonday broker round-up
19th Jul 2021 13:40
(Sharecast News) - BP: Morgan Stanley stays at 'underweight' and revises target price from 285.0p to 305.0p.
Read moreBP, EnBW, oil majors join Scottish windpower lease auction
19th Jul 2021 11:12
(Sharecast News) - BP and Germany's EnBW have put in a joint bid for Scottish offshore wind acreage which could support wind projects with 2.9 gigawatts of capacity, the two companies said on Monday.
Read moreCrude oil futures under pressure after OPEC+ deal at the weekend
19th Jul 2021 10:32
(Sharecast News) - Crude oil futures slid at the start of the week after the Organisation of Petroleum Exporting Countries ad its main allies clinched a deal at the weekend to increase their combined output.
Read moreSaudi, UAE spat unlikely to result in breakdown of OPEC+ discipline, Morgan Stanley says
6th Jul 2021 13:22
(Sharecast News) - OPEC+'s failure to reach an agreement on raising production two days before is unlikely to herald the start of a price war between its members, analysts at Morgan Stanley said - but there were medium-term risks.
Read moreThursday broker round-up
24th Jun 2021 14:13
(Sharecast News) - BP: HSBC downgrades to hold with a target price of 360p.
Read moreHSBC downgrades BP to 'hold' from 'buy'
24th Jun 2021 12:56
(Sharecast News) - HSBC downgraded shares of oil giant BP to 'hold' from 'buy' on Thursday and cut the price target to 360p from 365p.
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