BP boosts buybacks as profit soars to highest in over decade
BP (BP.L) boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy ...
Oil prices rebound after sharp losses as supply concerns dominate
Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in US ...
Oil drops on Ukraine peace talk hopes, China demand fears
Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s financial hub of Shanghai ...
Oil gains as spectre of sanctions on Russian oil spurs supply worry
Oil prices rose on Tuesday, with Brent surging past $127 a barrel, as the possibility of formal US sanctions against Russian oil exports spurred concerns about oversupply.
Benchmark Brent crude futures ...
Airlines use hedging, fuel surcharges to offset some pain as oil surges
The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to ...
BP quits Russia in up to $25 billion hit after Ukraine invasion
BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move ...
Oil falls on fresh hope of diplomacy over Ukraine crisis
Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply.
...
Saudi Arabia and UAE could ease oil market volatility, IEA says
Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more crude, the International Energy Agency (IEA) said on Friday.
The UAE ...
Oil dips, little changed despite weaker demand forecasts
Oil prices dipped on Friday and ended the week little changed after weathering concerns from banks and the International Energy Agency that the spread of coronavirus variants is slowing oil ...
United Arab Emirates’ non-oil sector expands
The United Arab Emirates’ non-oil private sector expanded at its fastest pace in two years in July as demand rebounded from the COVID-19 pandemic, a business survey showed.
The seasonally ...
Oil falls as coronavirus, slower China imports hit demand
Oil prices fell on Monday due to concerns over fuel demand caused by the spread of COVID-19 variants and as changes to import rules in China offset expectations of tight ...
Oil climbs while OPEC+ considers output increase
Oil rose almost $2 on Thursday, supported by the prospect of strengthening demand, lower US stocks and a Reuters report that OPEC+ producers could increase output in the coming months.
Brent ...