Petroleum

The passage of a US stimulus bill into law kept oil prices’ losses in check on Monday, despite pessimism from a new Covid-19 strain.

2020-12-28T07:30:06+0000

An increase of almost 10% for the BP share price over four weeks has investors hoping for positive things in 2021. However, oil companies need to diversify if they want to match the green energy trend and make long-term gains.

2020-12-15T13:40:54+0000

With vaccines helping to lift crude prices, the likes of BP and Royal Dutch Shell could play catch up after a difficult year.

2020-11-17T15:45:25+0000

With demand for oil low amid the coronavirus pandemic, shares in BP and Royal Dutch Shell have sunk to 25-year lows and prompted the sale of Premier Oil to North Sea operator Chrysaor for $3 billion to pay off its creditors.

2020-10-06T16:07:05+0100

Brent crude is expected to hit $49 a barrel by the end of 2020 and push on to reach $65 by the third quarter of 2021, according to bullish analysts at US-based investment bank Goldman Sachs.

2020-09-18T16:50:09+0100

Shares in the UK-based oil and gas company are likely to struggle despite it securing support for its planned $325 million capital raise, according to reports.

2020-09-17T18:44:28+0100

Brent crude dipped below the $40 mark in the early hours of Friday morning despite many analysts predicting prices would average $45 a barrel this year and rise to $50 in 2021.

2020-09-11T08:34:30+0100

Brent crude rebounded slightly on Wednesday, with the price of oil managing to avoid dropping below the psychological $40 benchmark. But hurdles remain that threaten to push the commodity lower in the near-term.

2020-09-10T06:40:38+0100