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BP says lower oil prices will weigh on earnings
BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an increase in production and higher refining margins. In a trading update on Friday, BP said it expected earnings in its oil business to be $600mn-$800mn lower in the three months to the end of June than the previous quarter.
Oil prices were stable on Friday, as investors weighed a weaker market outlook for this year by the International Energy ...
The European Union took a tentative step closer to a new price-cap regime on Russian oil that would aim to push the price of ...
Oil prices are set to end the week higher after Trump delayed his tariffs and the Houthis sunk ships in the Red Sea.
The price of Russia's Urals crude oil remained $2 per barrel below the $60 per barrel limit imposed by Western nations amid ...
BofA said it still expects the Brent price to average $64/bbl in H2. On Friday morning, London-based September Brent prices traded at around $70/bbl, which was well below their 2025 high at above ...
BP said that second-quarter profit took a hit from lower crude prices, becoming the latest oil major to issue such a warning.
Oil bull Josh Young tells CNBC's Dan Murphy that OPEC's latest World Oil Outlook forecast could set the stage for a long-term ...
Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open ...
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