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The West is promising "massive" sanctions on Moscow in response to Russia''s invasion of Ukraine. Any action on energy could

Global Stocks, Futures Crash; Nasdaq In Bear Market, Oil Soars Above $105 On Russia Attack U.S. stock index futures crashed along with global markets on Thursday as Russia’s assault on Ukraine sent investors fleeing risky assets, while the tech-heavy Nasdaq was set to open in a bear market. Contracts on the Nasdaq 100 were down 2.9% by 7 a.m. in New York, having dropped as much as 3.6% earlier and signaling that the underlying gauge was poised to fall 20% from its November record high for the first time since the pandemic; the S&P 500 was down 2.23% or 98 points to, 4,214, while Dow futures lost 2.3%. The flight to safety saw the 10-year Treasury yield tumble 14 basis points to under 1.9%. Gold hit the highest since September 2020, while the dollar also spiked higher. The Nasdaq was set to open in a bear market, with NQ futures down more than 20% from its all time highs just two months ago… ... while the VIX spiked higher, and was last just around 37, up almost 10 points on the day.

Supermajor cites ''new strategy'' but cultural institutions under pressure to sever ties to fossil fuel companies

Scottish Ballet has confirmed it will no longer be sponsored by oil giant BP over green plans.

The announcement comes as the National Portrait Gallery said its partnership with BP will end this year.

BP has announced the start-up of the Herschel Expansion project in the U.S. Gulf of Mexico.

BP <> said it completed the start-up of its Herschel expansion project in the Gulf of Mexico, providing infrastructure for future well tie-in opportunities and advancing its goal

The National Portrait Gallery has announced the end of its partnership with BP, becoming the latest institution from the world of art and culture to distance itself from the oil giant.

Cultural centre has collaborated with the oil and gas company for over 30 years

TOP Ships (TOPS) has announced new charter developments for three of its Suezmax vessels.Upon completion of their current charters with BP, M/T Eco Bel Air and M/T Eco Beverly Hills

Firm will cease sponsorship of portrait award, in latest boost to campaign against oil involvement in the arts The National Portrait Gallery and BP have announced they will not extend their partnership beyond December 2022, when their contract comes to an end. The gallery is hugely grateful to BP for its long-term support of the BP portrait award, said Nicholas Cullinan, the director of the National Portrait Gallery. Its funding for the award has fostered creativity, encouraged portrait painting for over 30 years and given a platform to artists from around the world, as well as providing inspiration and enjoyment for audiences across the UK. Continue reading

The energy giant''s funding of the gallery has become a controversial topic in recent years.

Fears of disruption in energy markets also sent natural gas prices surging 13% in Europe. The UK equivalent is up more than 8% on the back of the news.