Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Continue reading "Oil Prices Climb on Supply Concerns and Bernanke Comments"
Monday, July 27, 2009
BP Plc, Europe’s second-biggest oil company, announced a 53 percent dip in profit as the recession dragged down energy prices and cut demand for fuel. For full story, click here
Continue reading "BP Profit has dipped on plunging Oil, refining margins"
Wednesday, March 4, 2009
BP has cut-down its production forecast as well as capital spending on the expectation that low oil prices and reduced demand amid the global slump will last through this year and possibly into 2010. Chief Executive Tony Hayward, said: We therefore do not expect a quick recovery, and it would be wise to prepare for continued volatility. For [...]
Continue reading "BP cuts back production, capital spending forecasts"
Tuesday, February 3, 2009
The list of the world’s biggest oil companies stung by crude’s swift collapse grew by two on Tuesday, as BP PLC and Marathon Oil Corp. both reported fourth-quarter losses to end a dismal earnings period for major producers. For full story, click here
Continue reading "Marathon, BP close out terrible 4Q for oil sector"
Tuesday, February 3, 2009
BP and Reliance Industries signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government. For full story, click here
Continue reading "BP, RIL sign contract"
Wednesday, January 14, 2009
BP and Reliance Industries signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government. For full story, click here
Continue reading "BP, RIL sign contract to jointly explore in KG basin"
Wednesday, December 24, 2008
BP and Reliance Industries (RIL) on Monday signed a production sharing contract for the block KG-DWN-2005/2 with the Government of India. For full story, click here
Continue reading "BP gets ready to explore the Indian deepwater"
Monday, October 27, 2008
Shell Plc and BP Plc are likely to announce that thier Q3 rsults rose from a year earlier while falling short of record Q2 profits, after crude fell 53 % from its July peak. For full story, click here For Shell Plc’s website, click here
Continue reading "Shell, BP likely to Post Higher Profit"
Monday, August 25, 2008
Barrel prices nosed upward of $115 on Monday, largely due to a sagging US dollar. Analyzing this in reference to last week’s barrel and dollar prices shows the extent to which crude is tied to currency differentials. The relationship is not one sided, either. For us Canadians, high oil prices are keeping our dollar near parity with that of our neighbours.
Continue reading "Benchmark: August 25"
Thursday, August 21, 2008
The BP led Baku-Tbilisi-Ceyhan pipeline will restart tanker loadings next week following fire damage earlier this month. Murat Lecompte, external affairs director for BTC, said: The shipping schedule can be updated today for loadings to begin next week. For more information, click here
Continue reading "BP-Led Oil Pipeline to restart Shipments Next Week"
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Tuesday, June 8, 2010