BP to pause red Sea shipments after attacks

07:39am, Monday, 18'th Dec 2023
BP PLC (LSE:BP.) said it will pause all shipments through the Red Sea following an escalation of attacks on merchant shipping by Houthi militants.
Separately, Russia said it may reduce crude output further.
"You are going to see some fairly seismic activity in terms of the implications for supply chains," the editor in chief of Lloyd's List told CNBC.
BP BP, -2.77% said it's going to pause all tanker shipments through the Red Sea, Bloomberg News reported, citing a company statement. Several container lines on Friday said they were halting traffic a
From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil and Gas Integrated International industry. XOM, CVX and BP will make the most of th
BP's CEO Bernard Looney ousted for misleading board, faces $41M loss in salary, bonus and shares.
Kudos to Fundstrat's ever-bullish Tom Lee, one of the few to correctly predict Wednesday's dovish turn from the Federal Reserve that has unleashed bond and stock bulls.

BP downgraded to underweight by JPMorgan

02:17am, Thursday, 14'th Dec 2023
BP BP, -0.24% was downgraded to underweight from neutral at JPMorgan, which cut its target price by 11% to 550 pence. “This year is revealing BP's cashflows as increasingly leveraged to wider standa
In the closing of the recent trading day, BP (BP) stood at $35.03, denoting a +0.78% change from the preceding trading day.
Former BP chief executive Bernard Looney will have to forfeit more than $40 million in compensation—and return some of last year's bonus—the oil giant said Wednesday, after the company found he �
Looney resigned in September after less than four years in the role for failing to fully disclose details of past personal relationships with colleagues.
BP PLC (LSE:BP.) has said former Chief Executive Bernard Looney has been dismissed without notice after concluding he had "knowingly misled the board".
BP alleges that Venture Global is violating FERC disclosure rules and operating opaquely, affecting long-term customers.
BP PLC has challenged U.S. energy regulators' approvals of a Venture Global LNG liquefied natural gas export facility, arguing the Federal Energy Regulatory Commission (FERC) has failed to enforce its

The 3 Best Oil Stocks to Buy in December

03:56pm, Sunday, 10'th Dec 2023
If you think now is a bad time to consider adding oil stocks to your portfolio, think again. Sure, oil is currently in a downswing.
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