JPM upgrades Shell to 'overweight' on positive outlook
2nd Dec 2020 13:34
(Sharecast News) - JP Morgan upgraded Royal Dutch Shell shares to 'overweight; and increased its price target on the oil company as it took a positive view of the UK oil sector.
Read moreOPEC+ considers further action to support oil market in 2021
16th Nov 2020 12:31
(Sharecast News) - The Organization of Petroleum Exporting Countries and allies started meetings on Monday to consider new measures to support the oil market in 2021 as the pandemic continues to impact demand and prices.
Read moreMorgan Stanley upgrades Shell and BP
3rd Nov 2020 10:50
(Sharecast News) - Morgan Stanley upgraded its recommendation for shares of Shell from 'equalweight' to 'overweight', telling clients that the oil major's new distribution policy revealed insiders confidence in the firm's ability to throw off cash.
Read moreRussia to discuss three-month delay to tapering oil output curbs
2nd Nov 2020 14:17
(Sharecast News) - Crude oil futures rallied from their intraday lows after reports that Russia was considering postponing plans to taper the oil output curbs now in place by three months.
Read moreBerenberg slightly lowers target price on BP following Q3 update
28th Oct 2020 13:51
(Sharecast News) - Analyst at Berenberg slightly lowered their target price on oil and gas giant BP from 260.0p to 250.0p on Wednesday following the group's third-quarter results.
Read moreWednesday broker round-up
28th Oct 2020 13:47
(Sharecast News) - DCC: RBC Capital Markets upgrades to outperform with a target price of 7,400p.
Read moreBP turns in a quarterly profit despite drop in oil trading results
27th Oct 2020 07:24
(Sharecast News) - BP managed to turn in a profit of $0.1bn on a replacement cost basis, despite a "significantly" lower result in its oil trading arm, following the prior quarter's $6.7bn loss.
Read moreTuesday preview: US durable goods, BP in focus
26th Oct 2020 12:19
(Sharecast News) - Markets' focus on Tuesday will be on a slew of data across the US and Europe which will help investors determine how economic growth was holding as the second wave of the pandemic spread, even if hospitalisations and death rates remained well below their levels of last spring.
Read moreGoldman bullish on oil and natural gas prices even if Democrats take White House
12th Oct 2020 14:15
(Sharecast News) - Goldman Sachs remains 'bullish' on the outlook for oil and natural gas prices, even in the event of a victory for Democrats at the next US Presidential election on 3 November.
Read moreOil output from US Gulf and Libya's El Sharara recovering
12th Oct 2020 14:04
(Sharecast News) - Crude oil futures slipped lower at the start of the week as production restarted in the US Gulf of Mexico after Hurricane Delta left the region and amid reports that output from Libya was coming back online more quickly than anticipated.
Read moreThursday broker round-up
8th Oct 2020 13:24
(Sharecast News) - Hummingbird Resources: Canaccord reiterates buy with a target price of 55.0p.
Read moreBerenberg upbeat on BP long-term, less so on 12-month basis
8th Oct 2020 10:47
(Sharecast News) - Analysts at Berenberg sounded a positive note on the long-term prospects for BP as it transitions towards renewable energies.
Read moreMorgan Stanley cuts targets for Shell and BP, sees short-term pressure on shares
7th Oct 2020 14:58
(Sharecast News) - Analysts at Morgan Stanley said that upside to share prices for for Big Oil stocks was beginning to materialise, even as it warned clients that it was best to wait before turning more positive on the space.
Read moreSector movers: Big Oil and Mobile Telecommunications pace gains
5th Oct 2020 17:09
(Sharecast News) - Cyclicals topped the leaderboard at the start of the week with stocks from the oil patch lending their still considerable heft to the broader advance in financial markets, helped by M&A news around Weir Group and Vodafone.
Read moreShell set to unveil job losses - report
29th Sep 2020 12:25
(Sharecast News) - Royal Dutch Shell is reportedly close to announcing potentially thousands of job cuts as it responds to the global slump in oil prices and looks to reposition itself as a green energy provider.
Read more