Press Association
BP posts £2bn quarterly profit but falls below expectations
Oil giant BP has revealed that profits tumbled by more than two-thirds over the latest quarter, falling below expectations. The company said on Tuesday that it will hand more cash to investors through higher dividends and a further share...
Bloomberg
BP CEO Looney on Shareholder Returns, Gas Trading, Oil Prices
BP CEO Bernard Looney discusses shareholder returns, gas trading and oil demand after the firm's second-quarter profit fell by more than expected. He speaks with Dani Burger on "Bloomberg Markets Today."
Press Association
Grant Shapps visits Teeside gas terminal
Footage of Energy Security Secretary Grant Shapps as he visited Teesside's Transmission System Gas Terminal following the Government's announcement that hundreds of new oil and gas licences will be granted in the UK.
Bloomberg
BofA's Blanch Sees Inflection Point in Oil Market
Francisco Blanch, Bank of America's head of commodities research, discusses the outlook for the oil market with Romaine Bostick and Katie Greifeld on "Bloomberg Markets: The Close."
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Bloomberg
Shell Hikes Dividend, Raises Buybacks as Profit Falls
Shell Chief Executive Officer Wael Sawan discusses second-quarter results on "Bloomberg Markets Today."
Bloomberg
US Senate Votes to Ban Sales of Strategic Oil Reserves to China
The US Senate has voted to block China from buying oil from emergency stockpiles. Strategic Reserves are at a 40-year-low following the Biden administration's 180 million barrel drawdown last year to help tame oil prices. Jodi Schneider...
Bloomberg
Citigroup's Ed Morse Sees $90 Ceiling for Crude
Ed Morse, global head of commodities research at Citigroup, says without "wild card" weather-related disruptions he expects crude oil to remain below $90 on "Bloomberg Surveillance."
Bloomberg
Oil Market Latest: Russian Crude Output Drops
Oil is little changed after rising in Tuesday's trading in New York. West Texas Intermediate rose above $74 a barrel, surpassing its 100-day moving average, which has been a key resistance level in past months. Su Keenan reports on...
Bloomberg
Oil Shows Strength After OPEC+ Cuts
The oil market is starting to show signs of strength as the latest OPEC+ cuts take hold. The US, meanwhile, is buying 6 million more barrels of oil as it slowly rebuilds its emergency reserves. Su Keenan reports on Bloomberg Television.
Bloomberg
Opportunities in the Middle East
Tom Barrack, Colony Capital Founder discusses why the Gulf has been a misunderstood area and explains that the goal of the Middle East is to diversify outside investments.
Bloomberg
Top Calls: Fuel Demand's Impact on Oil Stocks
Stewart Glickman, CFRA Deputy Research Director and Head of Energy Research, joins Romaine Bostick to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.
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Bloomberg
UAE: Voluntary Oil Supply Cuts Enough to Balance Market
UAE Energy Minister Suhail Al Mazrouei said voluntary cuts to oil supply should be enough to balance the market. He says the UAE has not been asked to undertake voluntary output cuts such as have been carried out by Saudi Arabia. He...
Bloomberg
Oil Futures Rise in Wake of OPEC+ Cuts
US oil prices still holding onto gains as traders weigh the impact of additional production cuts announced earlier this week by Saudi Arabia and Russia. Su Keenan reports on Bloomberg Television.
Bloomberg
UAE Won't Join Oil Production Cuts For Now
The United Arab Emirates won't be making further voluntary OPEC+ oil production cuts at the present time, said the country's energy minister. Saudi Arabia and Russia say they're keeping their fresh cuts in place. Bloomberg's Manus Cranny...
Bloomberg
Wheat, Oil Prices Swing on Russian Unrest
Wheat soared to a fresh four-month high while oil prices fluctuated after a weekend rebellion in Russia by Wagner mercenary group leader Yevgeny Prigozhin. Will Kennedy reports on Bloomberg Television.
Bloomberg
IEA Chief Sees Tight Second-Half Oil Market Even With 'Sluggish' China
"Given the cuts some of the producing countries are going to carry out, we may see some tightness in the markets in the second half." International Energy Agency Executive Director Fatih Birol discusses the outlook for oil. He also talks...
Bloomberg
Magellan Midstream CEO on 'Compelling' Oneok Deal
Magellan Midstream Partners President and CEO Aaron Milford discusses the rationale for combining with Oneok, the tax implications of the deal and the outlook for industry consolidation with Romaine Bostick and Scarlet Fu on "Bloomberg...
Bloomberg
Oil Rebounds as China's Stimulus Stokes Hopes for Demand
Oil is holding on to most of its big rebound. China has weighed measures to kickstart the world's second-largest economy, and that's raising speculation energy demand will increase. Su Keenan reports on Bloomberg Television.
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Bloomberg
Oil Fell to Three-Month Low After Goldman Cuts Forecast
Oil held near its lowest level in almost three months on persistent concerns over the demand outlook in China and the US. Stephen Stapczynski reports on Bloomberg Television.
Bloomberg
Oil Traders Bet on Lower Prices
Oil traders are starting to ignore the most important person in the market, and it could prove a risky gambit. Andrew Janes reports on Bloomberg Television.
Bloomberg
China Most Important on Oil Demand, IEA's Birol Says
International Energy Agency Executive Director Fatih Birol sees China as the "most important" uncertainty in the global oil market as production cuts from OPEC+ may put upward pressure on prices. He speaks with Francine Lacqua on...
Bloomberg
Oil's Upside Is Limited, Saxo Bank's Hansen Says
Saudi Arabia is unlikely to announce further cuts in oil production, according to Ole Sloth Hansen, head of commodity strategy at Saxo Bank, because it would risk yielding market share to other producers. "These voluntary cuts have...
Bloomberg
Saudis Pledge Million-Barrel Cut at OPEC+ Meet; Oil Surges
Saudi Arabia has pledged an extra 1 million barrel-a-day oil supply cut in July to stabilize the market following an OPEC+ meeting over the weekend. Oil jumped after the announcement. Su Keenan reports on Bloomberg Television.
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Bloomberg
India Imports of Russian Oil Set Record
OPEC+ is preparing to meet in Vienna this weekend. Members are grappling with a divided oil market. India is importing cheap Russian oil, bringing in nearly 2 million barrels a day in May. Rakesh Sharma reports on Bloomberg Television.