BP Beats Earnings Forecast, Boosts Dividend Despite Weak Prices
UK supermajor BP (NYSE: BP) snapped on Tuesday a streak of gloomy earnings for Big Oil, reporting profit-beating expectations, raising its dividend, and more than doubling its U.S. shale?
Tesla's shares recorded an almost 20-percent jump on Monday after Argus Research revised its price target on the company to $808 from $556, CNBC reports. The revision followed Tesla's?
ConocoPhillips Increases Share Buyback By $10B While Profit Slumps
ConocoPhillips (NYSE: COP) reported on Tuesday lower-than-forecast Q4 earnings on the back of lower oil and gas prices, but the Houston-based energy producer also announced a $10-billion increase in?
The American Petroleum Institute (API) estimated on Tuesday a larger than anticipated crude oil inventory build of 4.18 million barrels for the week ending January 31, compared to analyst expectations?
?'Guyana Lost $55 Billion On Oil Deal with Exxon''
A new report suggests that the world's newest oil exporter, Guyana, lost $55 billion from its deal with Exxon that would allow the oil major to develop its offshore?
Japan Deploys Warship To Protect Oil Route In Middle East
Japan has deployed a warship to critical oil shipping lanes in the Middle East, and has authorized use of force for those ships, Reuters reported on Sunday. The decision?
U.S. Could Help Brazil To Get More Out Of Its Oil Auctions
The United States stands ready to help Brazil to improve the rules for bidding in its oil auctions in order to make them more attractive to international oil majors, U.S.?
Virus Sends Oil Shipping Rates To Asia To Lowest Since September
Charter rates for supertankers on key shipping routes from the United States and the Middle East to Asia have dipped to their lowest levels since the middle of September, because?
Asia's Top Refiner Slashes Production As Virus Wrecks Demand
China Petroleum & Chemical Corporation, or Sinopec?the largest oil refiner in Asia?is cutting its refinery production by 600,000 bpd in February, due to decreased fuel demand amid the raging coronavirus?
Eni's Libyan JV Loses 155,000 Bpd because Of Continued Blockade
Eni's joint venture with the Libyan National Oil Corporation is losing 155,000 barrels of oil per day of production because of the continued blockade of oil export terminals and fields,?
