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
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.
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
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