(ShareCast News) - Weak oil prices in 2016 will leave five of seven large European oil companies with financial leverage above the level Fitch Ratings normally considers appropriate for their current ratings, by a median of 0.6x, according to the ratings agency's latest financial forecasts. In a not
Read more(ShareCast News) - Oil markets continued to be strongly oversupplied and the macroeconomic backdrop dire, but 'big oil' was adapting aggressively, which would see it through the storm in the short-term, analysts at HSBC said. Be that as it may, the broker lowered its target prices for all the stocks
Read moreBAKU, Jan 22 (Reuters) - Azerbaijan's oil exports were down 1.6 percent in 2015 compared with 2014, driven by a decline in oil production, a source at the State Customs Committee said on Friday. Azerbaijan exported 32.5 million tonnes of oil last year, the source who declined to be identifi
Read moreBy Oleg Vukmanovic and Sarah McFarlane MILAN/LONDON, Jan 21 (Reuters) - BP's diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country's currency crisis could be jeopardising its energy supplies, traders said. Earlie
Read moreDAVOS, Switzerland, Jan 21 (Reuters) - BP CEO Bob Dudley said on Thursday he expects downward pressure on oil prices in the next six months as Iran looks to quickly raise supply. "The first and second quarter will be very difficult... It is a big shock for producing countries. It reminds me
Read moreTBILISI, Jan 21 (Reuters) - British oil company BP plans to spend $150 million to upgrade some parts of the Baku-Supsa oil pipeline which runs from Azerbaijan to Georgia, the Georgian government said on Thursday. The issue was discussed during the Georgian Prime Minister's meeting with BP'
Read more(Adds company no comment, details on upset) HOUSTON, Jan 20 (Reuters) - BP Plc's 413,500 barrel per day (bpd) Whiting, Indiana, refinery returned to normal operations by late Wednesday morning following a malfunction on a diesel hydrotreating unit (HTU), sources familiar with plant operatio
Read moreHOUSTON, Jan 20 (Reuters) - BP Plc's 413,500 barrel per day (bpd) Whiting, Indiana, refinery returned to normal operations by late Wednesday morning following a malfunction on a diesel hydrotreating unit (HTU), sources familiar with plant operations said. The upset had a minor impact on pro
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