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BP PLC Newsroom
Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level
IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!
The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.
The largest Crude Oil Product supply agreement between India and Russia is coming! It is reported that Reliance will purchase 0.5 million barrels of Russian oil daily.
① The Russian state-owned oil company Rosneft is reportedly set to supply nearly 0.5 million barrels of Crude Oil Product per day to India's Reliance Industries; ② This agreement will last for 10 years, with an annual supply accounting for 0.5% of the Global market, valued at 13 billion dollars based on current oil prices. ③ This will be the largest Energy cooperation agreement in the history of India and Russia.
Oil Settles Up US$1 As EU Agrees Further Sanctions
Update: WTI Rises on China Demand Hopes, As U.S. Inventories Fall and OPEC Trims Its Demand-Growth Forecast
Weekly Crude Inventories Fall More Than Expected; Oil Prices Rise Despite OPEC Cutting Demand Outlook
Oil Extends Gains After U.S. Crude Stocks Draw -- Market Talk
US Total Crude Oil Stocks Decline in Week Ended Dec. 6
Why BP P.l.c. (BP) Is One of the Most Undervalued Natural Gas Stocks to Buy According to Analysts?
OPEC Cuts Forecast of Oil-demand Growth for 2024, 2025
OPEC Further Trims Oil-Demand Forecast After Output-Hike Delay
Market Chatter: BP, Shell, Others Sought by Oman for Investment in Latest LNG Project
Oil Prices Edge Higher on China Stimulus Hopes -- Market Talk
European oil giants face numerous challenges in their transformation and are reducing their Electrical Utilities businesses.
① BP PLC and Shell, two European oil companies, recently announced a reduction in their investments and business layout in the Electrical Utilities Industry; ② High inflation, high interest rates, supply chain disruptions, and changing investor attitudes in Europe have caused Energy companies' transformation costs to exceed expectations; ③ Other European oil companies are also readjusting their Global Strategy for the Electrical Utilities business.
Equinor, BP, TotalEnergies to Move Forward With U.K. Carbon Capture Projects
Express News | Crude Unit At Bp Rotterdam Oil Refinery Shut On Dec.10 Due To Electrical Issue; Is Expected To Restart By Dec. 11
European Equities Traded in the US as American Depositary Lower in Tuesday Trading
BP Urges ADS Holders to Reject TRC's Unsolicited Mini-Tender Offer
Crude Futures Slip on Easing Geopolitical Risk Views -- Market Talk
Scotiabank Maintains BP PLC(BP.US) With Hold Rating, Maintains Target Price $36