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BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

Business - The New York Times - 6 days ago

U.S. crude oil edges lower after worst day in two years

Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.

Business - CNBC - 6 days ago

What the presidential election means for gold, oil, natural gas and other commodities

The U.S. election outcome isn’t likely to have a big impact on commodities such as energy, metals and grains in the short run, but oil and natural gas could be influenced in the years to come by ...

Business - MarketWatch - 4 days ago

China's Top Oil Companies Turn in Mixed Results Amid Weak Demand

State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.

Business - The Wall Street Journal - 6 days ago

OMV Misses Views as Weak Refining, Oil Trading Hit Results

The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.

Business - The Wall Street Journal - 6 days ago

Oil prices edge down to finish at lowest in seven weeks

Oil futures declined on Tuesday, giving up earlier support a day after suffering their largest daily percentage decline in more than two years, with U.S. and global benchmark prices settling at ...

Business - MarketWatch - 6 days ago

Starbucks drops olive oil coffees as it shakes up menu

The announcement comes less than a week after the company reported falling global sales.

Starbucks will discontinue Oleato olive oil drinks at U.S. cafes in early November

New CEO Brian Niccol has pledged to simplify the Starbucks menu.

Business - CNBC - 5 days ago

Starbucks will discontinue Oleato olive oil drinks at U.S. cafes

Starbucks’ controversial line of olive oil-infused drinks will leave U.S. stores in early November.

Trafigura warns of up to $1.1bn loss over Mongolian oil scandal

Commodity trader is taking action against a ‘small number’ of insiders involved in the alleged fraud

Business - Financial Times - 5 days ago

Oil bigwigs open wallets for Trump after billion-dollar request

Oil and gas tycoons made significant contributions to the Trump campaign after the former president asked the industry for $1 billion to support his reelection bid — and reportedly said it would be ...

Politics - The Hill - 4 days ago

Shell Earnings Beat Views as Gas Trading Offsets Low Oil Prices

Shell’s earnings topped market views thanks to its gas and upstream divisions, partly offsetting low oil prices and weak refining margins that have hit energy majors’ results over the third quarter.

Business - The Wall Street Journal - 5 days ago

Oil prices end higher as risk of Iranian strike on Israel grows

Oil futures finished higher on Thursday, contributing to a gain for the month, as traders weighed the growing risk of an Iranian attack on Israel that would further fuel tensions in the oil-rich ...

Business - MarketWatch - 4 days ago

Exxon and Chevron suffer profit falls on lower oil prices

Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023

Business - Financial Times - 3 days ago

What will OPEC+ decide on oil output? Here’s why it’s complicated.

Developments in the Middle East have and worries about the prospects for global demand have fueled volatile trading in the oil market in recent weeks and that makes an upcoming decision by major ...

Business - MarketWatch - 2 days ago

The UAE opens its annual oil-and-gas summit, pledging to increase output

The United Arab Emirates has opened its annual oil-and-gas summit as it plans to increase energy output even as global prices have fallen

World - ABC News - 21 hours ago

Canada Announces Carbon Emission Caps for Oil and Gas Sectors

The Trudeau government has focused on the oil and gas production industries because the large amounts of energy they use make them the country’s largest source of greenhouse gases.

World - The New York Times - 9 hours ago

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