Oil giant BP may stage an online AGM after its planned venue is turned into a field hospital for coronavirus patients By Ben Harrington For The Mail On Sunday Published: 22:26 BST, 11 April 2020 | Updated: 22:26 BST, 11 April 2020 Oil major BP is considering holding a virtual annual meeting after its planned … Read more
Tullow Oil’s shares are so easily rattled these days that a trading update with few real surprises sent it plunging into the red. Scrapped exploration projects, a lower assumption about what oil prices will be in the long term and a re-evaluation of how much oil is at some of its sites in Ghana mean … Read more
Oil price drops as Mexican stand-off threatens deal led by Russia and Saudi Arabia By Daily Mail City & Finance Reporter Published: 21:51 BST, 10 April 2020 | Updated: 21:51 BST, 10 April 2020 Oil prices dropped despite Russia and Saudi Arabia edging closer to completing a landmark deal to cut global production. The pair … Read more
Mexico has exited talks on a massive oil production deal involving a group of 23 countries, jeopardizing the final pact and causing the price of oil to fall drastically. There were hopes Thursday that the end of a month-long feud between Saudi Arabia and Russia would lead to a final resolution on the 23-nation coalition which … Read more
Wall Street stocks opened down on Friday, as doubts grew about an end to the Saudi-Russia oil price war and investors awaited data on business activity to assess the extent of the economic hit from coronavirus. Stock indexes gained about 2 percent on Thursday as oil prices soared on hints of a Saudi-Russia deal, but … Read more
Oil soars 20% after Trump claims Saudi Arabia and Russia are close to ending price war By Francesca Washtell For The Daily Mail Published: 22:05 BST, 2 April 2020 | Updated: 22:05 BST, 2 April 2020 Oil surged more than 20 per cent after President by Francesca Washtell Trump claimed Saudi Arabia and Russia were … Read more
Oil slump forces BP to slash spending but it insists no employees will be laid off during the next three months By Daily Mail City & Finance Reporter Published: 21:51 BST, 1 April 2020 | Updated: 23:09 BST, 1 April 2020 BP said it is acting quickly after oil prices plummeted in the face of the … Read more
Lockdown in luxury: Billionaire Russian oil baron’s superyacht worth £140million and measuring 272ft in length is spotted moored off Dorset with those on board ‘self-isolating’ It is not known whether the owner, Alexander Dzhaparidze, is on board the yacht in Poole Quay, Dorset The 272ft vessel does have people on board and they are said … Read more
Oil prices fall to 18-year lows of under $21 a barrel as coronavirus outbreak hits demand By Francesca Washtell For The Daily Mail Published: 22:09 BST, 30 March 2020 | Updated: 22:09 BST, 30 March 2020 Oil prices fell to 18-year lows of under $21 a barrel yesterday as the coronavirus outbreak hit demand. Fears … Read more
After two weeks of watching the oil price in free fall, investors now want to know what the repercussions will be. Global giants such as Saudi Aramco, Chevron and BP have said they will need to cut spending. But traders’ eyes turned to the North Sea yesterday, after industry body Oil & Gas UK warned … Read more