OPEC+ rubber stamps crude oil output quota increase for August
30th Jun 2022 15:27
(Sharecast News) - The world's largest grouping of crude oil exporting countries went ahead with plans to raise its permitted output ceiling, as expected.
Read moreGlobal oil demand to reach fresh highs in 2023 - IEA
15th Jun 2022 10:26
(Sharecast News) - Global demand for oil is forecast to reach fresh highs next year, according to the rich world's oil watchdog , although supply could struggle to keep up.
Read moreBP takes major stake in Australian renewable energy hub
15th Jun 2022 07:50
(Sharecast News) - Gas and oil giant BP has taken a 40.5% stake in a renewable energy hub in Western Australia's Pilbara region for an undisclosed sum.
Read moreCredit Suisse starts Shell at 'outperform', BP at 'neutral'
9th Jun 2022 09:21
(Sharecast News) - Credit Suisse initiated coverage of BP and Shell on Thursday as it said in a note that it is positive on integrated energy, but in its relative ratings framework, the bank's bottom-up stock picking is nuanced to reflect what the market is pricing in.
Read moreEU may have reached agreement on partial Russian oil embargo 'in principle'
30th May 2022 14:34
(Sharecast News) - European Union leaders have reached an agreement on a partial embargo on imports Russian oil, although the deal is not expected to be finalised until in a few weeks' time, possibly in June.
Read moreBP to review investments after UK plans windfall tax
27th May 2022 07:43
(Sharecast News) - UK energy giant BP said it would review its North Sea investments after the government unveiled a windfall tax on oil and gas producers.
Read moreJP Morgan reiterates positive stance on UK energy
26th May 2022 10:36
(Sharecast News) - JP Morgan has reiterated its positive stance on the UK energy sector, despite the likely imposition of windfall taxes.
Read moreTesco chair calls for windfall tax on energy firms
10th May 2022 13:08
(Sharecast News) - Tesco chairman John Allan on Tuesday said there was an "overwhelming case" for a windfall tax on energy companies to help ease the cost-of-living crisis for most Britons.
Read moreSector movers: Commodities outperform despite US dollar strength
5th May 2022 14:05
(Sharecast News) - Oil&Gas topped the leaderboard again on Thursday despite it being of a rollercoaster day for crude oil futures, the latter in part due to US dollar strength.
Read moreBerenberg raises target price on BP
5th May 2022 10:41
(Sharecast News) - Analysts at Berenberg raised their target price on oil and gas major BP from 450.0p to 500.0p on Thursday following a "strong" first-quarter performance and an even better outlook for Q2.
Read moreShell posts record Q1 profits on surging oil, gas prices
5th May 2022 07:03
(Sharecast News) - Shell's on Thursday reported record first-quarter profits driven by surging oil and gas prices which have been inflated by the Ukraine war, fuelling calls for a UK windfall tax on energy firms.
Read moreRussia exit pushes BP into $23bn loss but underlying profits soar on higher prices
3rd May 2022 07:03
(Sharecast News) - Energy giant BP swung to a massive first quarter loss as it took a $24bn writedown on its decision to exit its Russian interests, the company said on Tuesday, but underlying profits soared on higher oil and gas prices.
Read moreSunday newspaper round-up: Twitter, British Airways, Russian oil imports
25th Apr 2022 00:05
(Sharecast News) - Relations between Twitter and and Elon Musk may be thawing if reports that the former is taking a fresh look at the technology magnate's £33bn takeover offer is anything to go by. According to the Wall Street Journal, the two sides were set to meet on Sunday to discuss the deal and Twitter's board was now said to be "more receptive to a deal". - Sunday Telegraph
Read moreMorgan Stanley raises Q3 2022 Brent oil price forecast to $130
22nd Apr 2022 09:45
(Sharecast News) - Analysts at Morgan Stanley said that an array of headwinds meant that oil demand in 2022 would be lower than previously thought.
Read moreBP said to have approached state-owned energy firms about Russia assets
30th Mar 2022 14:00
(Sharecast News) - BP has reportedly reached out to state-backed firms in Asia and the Middle East as it looks to offload its Russian assets.
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