Libyan oil exports may be set to restart as warring factions agree deal
21st Sep 2020 13:41
(Sharecast News) - Libyan oil production and exports from the east of the country are set to restart following a conditional lifting of the blockade imposed by the Libyan National Army under the command of Khalifa Haftar.
Read moreWednesday broker round-up
16th Sep 2020 13:18
(Sharecast News) - Morrison: JP Morgan downgrades to underweight with a target price of 160.0p.
Read moreIEA cuts forecast for global oil demand growth in backhalf 2020
15th Sep 2020 12:38
(Sharecast News) - The International Energy Agency took an axe to its forecasts for global oil demand growth in the backhalf of 2020, even as it warned that the world's thirst for oil had, at 91.7m barrels a day, only recovered to its levels from 2013 due to the pandemic.
Read moreBP says oil may have peaked in 2019
14th Sep 2020 07:55
(Sharecast News) - Global oil demand may have already peaked with little chance of a recovery from the slump caused by the coronavirus crisis, oil major BP said on Monday.
Read moreFriday broker round-up
11th Sep 2020 13:47
(Sharecast News) - Vistry: JP Morgan upgrades to neutral with a target price of 670.0p.
Read moreBP to buy 50% stake in Equinor US wind power projects for $1.1bn
10th Sep 2020 07:44
(Sharecast News) - Norwegian energy company Equinor said it had agreed to sell a 50% stake in two US offshore wind power development projects to BP for $1.1bn.
Read moreSector movers: Oil stocks slip as risk aversion sweeps across energy space
8th Sep 2020 16:19
(Sharecast News) - Oil related stocks were the main drag on London listed stocks on Tuesday, as the sell-off in technology shares Stateside fed into other risk assets, including commodities.
Read moreOil companies to ramp up plastic supply to counter shift to renewable energy
4th Sep 2020 08:27
(Sharecast News) - Oil companies are set to ramp up their plastic production in a move to offset the shift towards renewable energy sources.
Read moreSunday newspaper round-up: NatWest, Rolls Royce, Coronavirus
9th Aug 2020 18:24
(Sharecast News) - NatWest is to push out several top bankers as part of a dramatic overhaul of its investment bank, as new boss Alison Rose attempts to cut ties with its past. The lender formerly known as Royal Bank of Scotland, 62%-owned by taxpayers, is expected to tell staff this week that at least three of its most senior investment bankers will stand down. - Sunday Times
Read moreSunday share tips: Experian, Dogs of the Footsie
9th Aug 2020 15:17
(Sharecast News) - The Sunday Times's Emma Dunkley sounded a positive note on shares of Experian but nevertheless labelled the stock a 'hold' due to its valuation and the risks of a second wave of Covid-19.
Read moreBP halves dividend after $6.7bn Q2 loss on Covid crisis
4th Aug 2020 06:57
(Sharecast News) - BP halved its quarterly dividend for the first time in a decade as it swung to a record $6.7bn second quarter loss as the coronavirus pandemic slammed demand for oil.
Read moreTuesday preview: US durable goods orders, BP in focus
3rd Aug 2020 17:07
(Sharecast News) - The market spotlight on Tuesday will shift back towards the US, given a sparse data calendar in other regions, where a reading on durable goods orders is due out.
Read moreLibya set to restart oil exports
13th Jul 2020 13:44
(Sharecast News) - Libya is set to resume crude oil exports in the wake of successful talks between the country's two warring factions following talks led by the United Nations and the United States.
Read moreMorgan Stanley stays at 'underweight' on BP, sees 50% dividend cut
10th Jul 2020 17:19
(Sharecast News) - Analysts at Morgan Stanley reiterated their 'underweight' recommendation on shares of BP and their forecast for a 50% dividend cut in 2020.
Read moreFTSE 100 risers: Lenders pace gains
10th Jul 2020 12:49
(Sharecast News) - London's second-tier index notched up a gain of 0.76% in the final session of the week to 6,095.41.
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