The FTSE 100 ended the week at a new record high, buoyed by reports of a potential mega-merger between two of the world’s largest mining groups.
Oil prices set to slump into mid-$50s, Morgan Stanley warns
Oil prices are set for a slide back into the mid to high $50s this year as swelling supplies collide with sluggish global growth, according to analysts at Morgan Stanley.
Defence stocks jump as Trump targets Greenland
Defence shares struck a high note at the open in London, powering to the top of the leaderboard and standing out as some of the strongest performers on the FTSE
Oil slides as markets eye Venezuelan supply comeback
Oil prices extended their decline after the removal of Nicolas Maduro opened the door for Venezuela to revive its battered crude industry and potentially bring more supply onto global markets.
Venezuela Oil Industry Revival Could Take Decades Despite US Intervention
The Venezuelan oil sector has languished for years under the weight of chronic underinvestment, deteriorating infrastructure and endemic corruption. Following recent military action in Caracas that resulted in the detention
Shareholders are in line for more returns as BP increases its payouts.
BP Increases Dividend and Launches $750m Share Buyback
BP Unveils Biggest Oil and Gas Find in a Quarter Century
BP has confirmed a major oil and gas discovery at the Bumerangue prospect in Brazil’s Santos Basin, which marks its largest find in 25 years
Shell says it has “no plans” to make a bid for BP.
Shell PLC (LSE: SHEL, NYSE: SHEL) has firmly rejected claims from a Wall Street Journal report suggesting it has held talks about a potential takeover of BP PLC (LSE: BP).
Shares in BP have jumped 4.00% towards the top of the FTSE 100 leaderboard
BP Shares Surge Amid Takeover Talk as Market Values Lag Asset Worth BP shares have jumped 4.00% in early trading on Friday, putting the UK oil major near the top
Biden has prohibited new offshore oil & gas drilling in the majority of U.S. coastal waters.
President Joe Biden is taking action to prohibit new offshore oil and gas exploration in most U.S. coastal waters two weeks before Donald Trump is set to assume office- with
Share Talk Weekly Energy Sector News Round-Up, Sunday 4th August 2024
Oil prices have fallen to their lowest level since June due to concerns that a potential recession in the US might reduce demand from the world’s largest economy.
US oil giant Chevron abandons California after 150 years
One of America’s largest oil companies is set to move its headquarters out of California, citing opposition to “harsh” green policies.