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BP reports lowest quarterly profit since pandemic on weak oil prices

Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase

Business - Financial Times - October 29

Nigeria’s president summons Aliko Dangote over supplies to new oil refinery

Meeting on Tuesday is needed to release more crude for refinery, says industrialist

World - Financial Times - October 29

Petrol and food prices will fall thanks to oil glut, says World Bank

Downward trend in oil price from higher production, falling demand in China and clean energy to continue. Business live – latest updates Petrol and food prices will fall over the next two ...

World - The Guardian - October 29

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 - October 29

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 - October 29

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 - 5 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 - October 29

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 - October 29

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.

Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand

Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...

Business - MarketWatch - 5 days ago

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 - 6 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 - 6 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 - 5 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

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