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Express News | BP : TD Cowen Raises Target Price to $45 From $44
BP Poised to Beat Peers on LNG Front This Quarter -- Market Talk
1208 GMT - BP looks to be the clear winner on the liquefied natural-gas market in the second quarter, driven by the return of volumes from its Tangguh fields in Indonesia, RBC Capital Markets says in
Oil Market Turns to the Upside – TDS
Oil market upside is being driven by Commodity Trading Advisors (CTA) flows yet again, TD Securities Senior Commodity Strategist Ryan McKay notes.
DOE Completes 1M Barrel Gasoline Sale From Its Reserve to Five Companies -- OPIS
The Department of Energy said on Tuesday it has sold 1 million bbl of gasoline from its Northeast Gasoline Supply Reserve to five companies to complete a previously announced move aiming to lower pric
Express News | U.S. DOE Says Office Of Petroleum Reserves Said Contracts Awarded For Sale, Liquidation Of 1M Barrels Of Gasoline In Northeast Gasoline Supply Reserve; 1M Barrels Being Sold At Average Price Of $ 2.34 Per Gallon & Will Help Lower Gas Prices Ahead Of...
Sector Update: Energy Stocks Edge Higher Pre-Bell Monday
Energy stocks were edging higher pre-bell Monday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.6%. The United States Oil Fund (USO) was up 0.7% and the United States Natural Ga
Oil Prices Rise as Traders Continue to Bet on Market Tightening
0800 GMT - Oil prices rise after closing higher for the third consecutive week on Friday. Brent crude is up 0.7% to $85.59 a barrel, while WTI trades 0.8% higher to $82.17 a barrel. Expectations for a
TotalEnergies (TTE) to Sell West of Shetland Assets to Prax Group
U.S. Senate Committee Probes Big Oil on Suspected Collusion With OPEC -- Market Talk
0917 GMT - The U.S. Senate budget committee is investigating whether 18 oil producers--including BP, Chevron, Shell, ExxonMobil, Hess, Occidental Petroleum and ConocoPhillips--might be illegally coord
Oil Edges Higher on U.S. Rate Cut Hopes, Geopolitical Jitters
0748 GMT - Oil prices are rising on hopes that the U.S. central bank will soon start cutting interest rates and fears of a wider war between Israel and Iran-backed militia group Hezbollah. Both benchm
Express News | BP : Jefferies Raises Target Price to $43.8 From $43.1
Is the surge in global oil benchmark prices just a fleeting moment as USA oil enters the market?
With the influx of oil from the USA, the unexpected upward momentum of the world's most important oil price benchmark may ease.
Sector Update: Energy Stocks Edge Higher Pre-Bell Thursday.
Energy stocks were edging higher pre-bell Thursday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.4%. The United States Oil Fund (USO) was up 1.0% and the United States Natural
BP Imposes Hiring Freeze and Halts New Offshore Wind Projects
Market Chatter: BP Shifts Focus Back to Oil and Gas, Halts New Offshore Wind Projects
BP (BP) Chief Executive Murray Auchincloss has implemented a hiring freeze and halted new offshore wind projects, shifting focus back to oil and gas amid investor concerns about the company's energy t
BP's Reported Hiring Freeze, Energy Transition Slowdown Aim to Improve Valuation -- Market Talk
1012 GMT - BP's reported hiring freeze and slowdown of its energy transition are likely to secure a better valuation from the market amid poor share performance and pressure to diminish the risk of fa
Is BP Bailing on Green? Reportedly Shifts Gears From Renewables To Oil And Gas
BP p.l.c. (NYSE:BP) reportedly implemented a hiring freeze and halted new offshore wind projects, shifting focus back to oil and gas due to investor dissatisfaction with the company's energy transitio
Crude Oil Prices Stabilize Even as U.S. Inventory Build Exceeds Expectations, ANZ Bank Says
Crude oil prices were little changed despite a stronger-than-expected build in U.S. crude oil inventories, ANZ Bank said in a Thursday note. U.S. crude stockpiles rose by 3.6 million barrels last week
BP Freezes Offshore Wind Projects to Increase Focus on Fossil Fuels
BP Pauses Hiring, Offshore Wind Investments, Reuters Reports
-- BP halted hiring new employees and paused new offshore wind projects to focus further on oil and gas operations amid investor worries, Reuters reports, citing unnamed company sources. -- The move