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BP Articles
China is in the midst of something just short of a global buying spree of crude reserves, metal and mining companies, tech concerns, and manufacturing operations. It would be easy to say that the...
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Reuters: California declared a financial emergency. Reuters: An SEC attorney raised concern about a Madoff report in 2004. Reuters: Auto parts supplier Lear filed for bankruptcy....
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Markets in Asia were higher. The Nikkei rose 2.2% to 9,796. The Hang Seng was up 2% to 18,258. The Shanghai Composite rose .1% to 2,925. At the open in Europe, the FTSE was off .4%to 4,264. (BP moved...
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It has become commonplace among analysts and oil traders to fear that crude prices are up so much that inflation will have to return the market. A recent piece from Reuters reinforces that sentiment....
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Exxon Mobil Corp. (NYSE: XOM) may be getting deeper and deeper in Alaska via a monster pipeline project. A report from the Houston Chronicle said the oil giant is in discussions with TransCanada...
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Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded....
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The theory that the recession would mitigate the price of oil had all the trappings of being true. Consumption in the US, UK, EU, and Japan happen to be down substantially. Industrial production has...
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Markets in Asia rallied sharply and oil stocks moved up as crude hit $71. The Nikkei rose 2.1% to 9,991. The Hang Seng was up 3.3% to 18,660. Petrochina (PTR) and CNOOC (CEO) rallied. The Shanghai...
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Shell is the largest oil company in Europe and one of the biggest in the world. Its assessment of the industry and the direction of the price of oil is probably as accurate as any. The firm sees...
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Japan’s fifth-largest oil refiner, Showa Shell Sekiyu (Pink Sheets:SWSKF), is partially owned by Royal Dutch Shell (NYSE:RDS-A) and Saudi Aramco, the Saudi Arabian national oil company, which hold...
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Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), has entered into a series of contracts with BrightSource Energy, Inc. While we consider most individual...
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According to Reuters, world health officials are fighting to contain the new flu. Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money....
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These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning: ABB (ABB) Cut to Hold at Societe Generale. Air Products (APD)...
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These are some of the analyst calls we have seen up and down in the oil patch this Tuesday morning: Mariner Energy (ME) Started as Buy at Jefferies. BP (BP) Cut to Perform at Oppenheimer. Chevron...
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Several of the big oil companies are putting the squeeze on oil field services providers to renegotiate contracts and lower costs for drilling services. BP plc (NYSE:BP), Total SA (NYSE:TOT), and...
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