ConocoPhillips and BP — Stable in the Short Term
The Bedford Report released research on BP PLC (NYSE:BP,LSE:BP) and ConocoPhillips (NYSE:COP).
Articles Tagged "NYSE:BP"
IEA Stockpile Release Riles OPEC
Short-term price cut may boost ailing economies, but resulting friction with the oil cartel could have long-term implications on price stability.
Giant Exxon Discovery Could Change Deepwater Gulf of Mexico Outlook
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
New Regulations May Cut Big Oil’s Profits
The Bedford Report released research on BP PLC (NYSE:BP) and Chevron (NYSE:CVX).
BP Says Contract With Libya State Oil Firm Still Valid
Reports that on Thursday, BP Plc's (NYSE:BP) contract with Libya's National Oil Corporation is still valid.
Top Oil Producer Targeting Assets in India
BP and Reliance Industries intend to create a joint commercial interest to purchase, transport and market oil and natural gas. This partnership could prove important for the Indian economy.
Increasing Oil Production Pressures
International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Temporary Oil Production Delays and Cold Temperatures Impact Prices
The Trans Alaska Pipeline was shut down on Saturday following the discover of a leak at an intake pump station at Prudhoe Bay, constricting supply in one of the United States' key oil arteries. Cold weather in the Northeast during December translated into 5 consecutive stock draws in the Central Atlantic, while New England stocks fluctuated during the month.
Oil Spill to Static Kill: The Saga Continues in the Gulf of Mexico
British Petroleum (NYSE:BP) has won approval from the U.S. government for the latest step to start pumping cement into its damaged Gulf of Mexico oil well and the company is currently in a disagreement over a regulatory filing that could indemnify or limit the liability of a company’s contract from penalties and liabilities other than for contamination resulting from operations controlled by the rig owner on or above the surface of the water.
Oil Prices Climb on Supply Concerns and Bernanke Comments
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.
