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BP says lower oil prices will weigh on earnings
BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an increase in production and higher refining margins. In a trading update on Friday, BP said it expected earnings in its oil business to be $600mn-$800mn lower in the three months to the end of June than the previous quarter.
The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude ...
Oil prices are set to end the week higher after Trump delayed his tariffs and the Houthis sunk ships in the Red Sea.
Since the world climbed out of the worst of the pandemic, the price of oil has been unusually stable. In fact, 2024 marked one of the most stable years for oil prices in decades. The trend has ...
Oil prices were stable on Friday, as investors weighed a weaker market outlook for this year by the International Energy ...
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OPEC+ jolted markets by announcing it would flood the market with more oil.
Imperial Oil has rallied 30% YTD, but further outperformance is unlikely unless oil prices recover. Click here to read more ...
The price of Russia's Urals crude oil remained $2 per barrel below the $60 per barrel limit imposed by Western nations amid ...
Twenty states boast average gas prices below $3, spanning from New Mexico to Missouri to South Carolina. Mississippi, the ...
A big drop in crude prices year over year leaves Alaska, reliant on oil for revenue, at the bottom of CNBC's annual Top ...
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