Search Results for: BP Plc
Huge gas finds in Mediterranean Sea waiting to be tapped
February 16th, 2017
Huge gas finds in Mediterranean Sea waiting to be tapped As the helicopter roars its way west from the Tel Aviv coast, two dots emerge from the featureless blue. Closer up, they begin to take shape: Giant platforms for ...
Crude imports by China will probably slow by more than 60 percent in 2017
December 8th, 2016
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil is starting to sputter. Growth in crude imports by China, the second ...
Asian Stocks Rise With Metals on China PMI as RBA Boosts Aussie
November 1st, 2016
Australian rate-cut bets pared after central bank meeting China manufacturing gauges increase to two-year highs Asian stocks reversed losses and industrial metals rallied after an unexpected pickup in manufacturing in China, the biggest driver of global economic growth. Australia’s ...
Oil Pares Biggest Weekly Drop Since April as Dollar Extends Fall
June 17th, 2016
ConocoPhillips restarts oil-sands wells after Canada wildfires Russia sees no need to cooperate on influencing crude markets Oil pared the biggest weekly decline in more than two months as the dollar extended its retreat, increasing the appeal of commodities ...
Iran’s Oil Comeback May Already Be Over
June 16th, 2016
Crude output may peak in 2016 at 3.6-3.8 million barrels a day Investors facing sanctions, political risk in entering country Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection ...
EU Lays Down the Law on Tax Deals as Apple Probe Continues
May 20th, 2016
EU regulator clarifies rules for profit-shifting arrangements Transactions between units should be at market prices The European Union, locked in a tax battle with the likes of Apple Inc. and McDonald’s Corp., laid down the law in its bid ...
European Stocks Little Changed as ABB, Miners Offset Energy Drop
April 20th, 2016
Crude prices retereat as Kuwait workers agree to end strike Miners advance as BHP Billiton cuts iron ore output forecast European stocks were little changed as miners advanced and investors focused on companies that posted better-than-expected earnings, offsetting a ...
VW faces tougher Justice Department while GM and Toyota settled criminal charges without pleading guilty
February 8th, 2016
Government making `big deal’ of company’s emissions cheating GM, Toyota settled criminal charges without pleading guilty No one has died from the emissions-cheating software Volkswagen AG has admitted it installed in some of its cars, yet the U.S. Justice ...
Oil Prices Could Jump 50% by the End of 2016
February 3rd, 2016
WTI seen averaging near $46 a barrel in Q4; Brent at about $48 U.S. sees domestic oil output falling by 620,000 barrels a day Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for ...
Brazil sues BHP, Vale for $5 billion in damages for mine disaster
December 1st, 2015
Brazil filed a lawsuit on Monday against two of the world’s largest mining companies for 20 billion Brazilian reais ($5.2 billion/3.4 billion pounds) to clean up what it says was its worst environmental disaster, caused by the collapse of a ...
