Bp Plc News
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Updated 31 minutes ago
Transocean Ltd., the world’s largest offshore rig contractor, said first-quarter profit rose as demand increased for drilling vessels in shallow and deep waters.
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Updated 2 hours, 27 minutes ago
Canadian heavy crude strengthened for a second day on speculation that a restart of units at BP Plc’s refinery in Whiting, Indiana, will increase demand for imports..
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Updated 1 hour, 4 minutes ago
Russia is considering an increase in dividends paid by state-controlled companies to 35 percent of profit to boost budget revenue, said three government officials with knowledge of the matter.
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Natural gas, the worst-performing and most volatile commodity of the past decade amid a glut in supply, is replacing gold as a haven for commodity investors as the metal slumps.
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Glencore International Plc and BP Plc failed to buy North Sea Forties crude at lower prices. No bids or offers were made for Russian Urals for a third session.
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Exports of Azeri Light crude from Georgia’s Black Sea port of Supsa for June will be four cargoes of 600,000 barrels, two more than this month, according to a loading schedule obtained by Bloomberg News.
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Daily exports of Azeri Light crude from a port in Turkey will decline by 4.1 percent in June from this month, according to a loading program obtained by Bloomberg News.
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Brent futures dropped for a second day after industry data showed U.S. crude inventories climbed for a second week.
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Abu Dhabi National Energy Co., the state-owned utility and oil producer, said first-quarter profit fell to about a fifth of last year’s level as a production halt in the North Sea hurt revenue and asset sales weren’t repeated.
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BP Plc sold $3 billion of dollar- denominated bonds in its first offering this year.
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