Goldman Sachs Investment Division Upbeat on Oil
Goldman Sachs' investment management division is recommending clients buy both sterling and oil, the CIO of its strategy group said on Wednesday. "We see some upside to oil prices," said Sharmin Mossavar-Rahmani…
Thompson takes over from Founder Heavey, Tullow Oil
Tullow Oil plc (Tullow) announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s…
Goodhart's Law and OPEC's output deal: Kemp
No evidence has emerged of cheating on the OPEC/non-OPEC production agreement so far. But Goodhart's Law is a reminder traders should expect countries to try to circumvent any target once it has been chosen.
BP Announces 3Q Interim Dividend
On 1 November 2016, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2016 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend…
BP to Pay 2Q Dividend
On 26 July 2016, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2016 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend…
Oil Up After Big Losses; Glut Fears Linger
Oil prices rose about 1 percent on Thursday as shortcovering lifted crude futures hammered a day ago by unusually weak U.S. demand for motor fuel during the traditionally busy summer driving season.
World Stocks Tumble as Britain Votes for EU Exit
Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds.
Crude Drops; shares Flat with Eyes on Central Banks
Brent crude drops below $40 a barrel. A gauge of stocks across the globe ticked up on Monday, with Wall Street buoyed by consumer stocks and Europe up on a positive view of the auto industry.
BP Declares 4Q Interim Dividend
On 2 February 2016, the Directors of BP p.l.c. announced that the interim dividend for the fourth quarter 2015 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend…
Oil Prices Could Hit Low Point in Q1 - BP's Dudley
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said. "A low point could be in the first quarter…
BP Declares 3Q dividend
On 27 October 2015, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2015 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend…
Brent Oil Hits Lowest Since August; Dollar Dips
Brent crude oil prices hit their lowest since late August on Wednesday on worries about growing U.S. stockpiles, while the U.S. dollar took a breather from recent gains. U.S. stocks were mostly lower in choppy trading…
Poor Commodities: Assets Without a Central Bank
Commodity investors stung by the four-year bear market made one simple mistake: investing in an asset class not backed by a central bank. Whereas equities and bonds have benefited from very meaningful support…
BoE Warns Insurers of Fossil Fuel 'hit'
BoE: fossil fuel investors must assess value of reserves. Insurers may face a "huge hit" if they end up being wrongfooted by rule changes linked to climate change, the Bank of England (BoE) said on Tuesday.
BP Declares Interim Dividend for 4Q 2014
The Directors of BP have announced the interim dividend for the fourth quarter 2014 and it would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on…
Central Banks React Differently to Oil Drop
The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions.
BoE Suggests Policymakers Look Through Declining Oil Prices
Bank of England policymakers need to look through the short-term effect of declining oil prices and think about where inflation will be in two to three years' time, one of its rate setters said on Monday.
BP's 3Q Interim Dividend for 2014
The Directors of BP p.l.c. announced that the interim dividend for the third quarter 2014 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 19…
World stocks rise as oil plumbs 13-month low
European shares rise on corporate earnings, easier oil. Brent crude oil prices fall below $103 on ample supplies. Sterling hits 10-week low vs dollar as UK wages fall. World stock markets ticked higher on Wednesday…
BP's Announces 2Q Interim dividend for 2014
On 29 July 2014, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend…
