NEW YORK (Reuters) - A deteriorating inflation situation and concern about lost faith in the Federal Reserve's power to make it better prompted U.S. central bank officials to rally around...
(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive...
Iraq has lowered the production plateau target of its biggest oil field Rumaila to 1.7 million b/d from 2.1 million b/d owing to complexities associated with the project where BP and...
By Sabrina ValleHOUSTON (Reuters) -Oil producer BP (LON:BP) PLC on Wednesday joined Shell (LON:RDSa) PLC in pledging to cover travel expenses for U.S. employee health care treatment...
By Sabrina Valle HOUSTON (Reuters) – Oil producer BP PLC on Wednesday said it will assist U.S. employees with travel expenses for covered health-care services that cannot be obtained...
Group of Seven nations moved forward plans to limit President Vladimir Putin’s energy revenue by curbing oil and gas prices.
BP BP.L has won gas exploring rights in Egypt’s offshore King Mariout concession in the western Mediterranean, the British-based company said in a statement on Tuesday. The concession area,...
2021 at a glance Energy demand and emissions bounced back to around pre-pandemic levels in 2021, reversing the temporary reduction in 2020 resulting from the COVID-19 pandemic. Energy...
By Ron Bousso LONDON (Reuters) – Global energy consumption rose by 5.8% in 2021, exceeding pre-pandemic levels as economies revved up activity, while strong growth in renewable energies...
MyBroadband asked Uber Eats what its plans are for South Africa.
BP paid $127.3 million in taxes and fees to the British government in 2021 for its oil and gas production in the North Sea, according to a company report. The figure compares with a net tax...
LONDON (Reuters) – BP paid $127.3 million in taxes and fees to the British government in 2021 for its oil and gas production in the North Sea, according to a company report.
(Bloomberg) -- As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, there’s a massive pool of oil refining capacity on the other side of the Pacific...
(Reuters) – Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP still remains its largest private shareholder despite having announced its departure in February...
Bitcoin (CRYPTO: BTC) rallied almost 10% yesterday after reaching $20,100, as the Federal Reserve announcement of a 75 bp rate hike resulted in a short squeeze. Although a 50 bp hike was...
By Senad Karaahmetovic UBS economist Jonathan Pingle reflected on Fed’s future actions after the central bank hiked the benchmark interest rate by 75 basis points yesterday. The economist...
bp today agreed to acquire a 40.5 per cent equity stake in and to become operator of the Asian Renewable Energy Hub (AREH), which has the potential to be one of the largest renewables and...
The British pound is in positive territory on Wednesday. This follows an abysmal 5-day slide which saw the pound fall as much as 600 points. In the North American session, GBP/USD is trading...
By Ron Bousso LONDON (Reuters) – BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play...
The planned development is located in the Pilbara region of Western Australia.
The Australian dollar has reversed directions on Wednesday and climbed sharply. In the European session, AUD/USD is trading at 0.6937, up 0.98% on the day. If your fancy is a currency with...
By Sonali Paul MELBOURNE (Reuters) – BP plc has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world’s biggest...
The oil major is taking the lead on one of the world’s biggest projects to produce the alternative fuel, which is in growing demand due to climate change but remains uneconomical.
The British pound is down sharply at the start of the week, as US inflation and weak UK numbers are weighing on the pound. In the European session, GBP/USD is trading at 1.2174 down 1.16% on...
BP PLC said Monday that it is selling its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Cenovus Energy Inc.
(Reuters) – Canada’s Cenovus Energy Inc said on Monday it has agreed to buy the remaining 50% stake in the Sunrise oil sands project in northern Alberta from British oil major BP...
Deep Dive: Oil prices have surged. These 3 energy ETFs remain relative bargains.
By Geoffrey Smith Investing.com -- The European Central Bank resisted pressure to speed up its planned exit from negative interest rates on Thursday, saying that it expects to raise its key...
The Reserve Bank of Australia was projected to raise rates by 25 or 40 basis points depending upon the analyst. They ended up increasing rates by 50 basis points to 0.85%. Highlights from...
A note from Barclays on Monday 6 June 2022, looking for 4 25bp rate hikes at policy meetings from July to Decemberand then one more hike after that in Q1 of 2023 So, a 0.5% deposit rate by...
Oil prices have jumped. Yet these 3 energy ETFs remain relative bargains.
Azerbaijan is benefiting from the EU’s pivot away from Russian energy, boosting oil transit shipments and enjoying higher prices for its own crude, according to market sources and data from...
By Geoffrey Smith Investing.com -- Inflation may have peaked in the U.S., but it still appears to be accelerating in the Eurozone. Preliminary data from Germany, the Eurozone's largest...
By Peter Nurse Investing.com - European stock markets largely edged higher Friday, with the energy-heavy U.K. market underperforming, in cautious trading ahead of the release of key U.S....
By Peter Nurse Investing.com - European stock markets are expected to open in a muted fashion Friday, ending a generally positive week in a cautious manner ahead of the release of key U.S....
NEW YORK (Reuters) - All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to...
(Reuters) - Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow's invasion of Ukraine on Feb. 24, have started to report associated losses....
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