A sell-off across the commodities market on Tuesday meant that the oil and mining sectors were the worst performers on London's stock market, as falling crude and metal prices prompted concerns about companies' bottom lines. Stocks such as Tullow Oil, BG Group, Afren, Premier Oil, Shell and BP were
Read moreOSLO, Nov 10 (Reuters) - Norway's gas output was reduced by 9.3 million cubic metres (mcm) per day on Monday due to compressor problems at the offshore Gjoea gas field and it was unknown how long the outage would last, the country's gas system operator Gassco said. The outage is affecting N
Read moreBy Jonathan Stempel Nov 10 (Reuters) - BP Plc has failed to persuade a federal judge to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier in New Orleans on Monday re
Read moreABU DHABI, Nov 10 (Reuters) - Operations at Iraq's biggest oilfield, Rumaila, have not been affected by sliding oil prices and the government's battle against Islamic State militants, a senior executive at developer BP said on Monday. Under a service agreement signed between Baghdad, BP and
Read moreRBS: Nomura reiterates reduce but lifts target price to 370p from 360p. IAG: Liberum reiterates buy, maintaining 550p target. Royal Dutch Shell: JP Morgan reiterates overweight stance but cuts target to 2,500p from 2,700p. Aveva: Westhouse Securities reiterates add and its target price of 1,780p.
Read more(Adds detail, context) ABU DHABI, Nov 10 (Reuters) - BP chief executive Robert Dudley said the oil major was committed to investments in Russia and had no plans to sell its stake in Rosneft despite Western sanctions against the country. Sanctions imposed by the United States and Euro
Read moreJPMorgan Cazenove has downgraded its rating for BP and slashed its target prices for the oil major along with sector peer Shell after cutting its forecasts for crude prices over the next three years. The bank has lowered BP from 'overweight' to 'neutral', cutting its target price from 575p to 500p.
Read moreABU DHABI, Nov 10 (Reuters) - BP chief executive Robert Dudley said the oil major was committed to investments in Russia and had no plans to sell its stake in Rosneft despite the sanctions imposed by Western nations against the country. "We remain long-term partners. We will not do anythin
Read moreABU DHABI, Nov 10 (Reuters) - The recent tumble of oil prices will create some discipline in the energy industry's capital spending, Robert Dudley, chief executive of oil giant BP , said on Monday. Dudley was speaking at an energy industry conference in Abu Dhabi. He also said it was hard t
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