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(Alliance News) - Stock prices in London were lower at midday on Monday, but eased from steeper losses, while the pound was supported by a tax policy U-turn from UK Chancellor Kwasi Kwarteng.
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(Sharecast News) - Brent crude oil futures jumped at the start of the quarter amid reports that the Organisation of Petroleum Exporting Countries and its allies may cut their combined output by approximately 1.0m barrels a day.
Read more(Sharecast News) - Oil major BP disclosed that one of its non-executive directors had bought a large amount of shares on 30 September.
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Sept 28 (Reuters) - BP Plc laid off most contractors at the approximately 160,000 barrel-per-day Toledo, Ohio, refinery it owns with Cenovus Energy Inc, according to sources familiar with the matter on Wednesday, indicating that the plant will experience a prolonged shutdown following last week's explosion and fire.
Read moreSept 28 (Reuters) - BP Plc laid off most contractors at the 185,000 barrel per day Toledo, Ohio, refinery it owns with Cenovus Energy, according to sources familiar with the matter on Wednesday, indicating the plant will experience a prolonged shutdown following last week's explosion and fire.
Read moreMILAN, Sept 28 (Reuters) - The Trans-Adriatic pipeline (TAP), that carries gas to Italy from Azerbaijan, has become the country's second-largest gas supplier after Algeria, the pipeline's Managing Director Luca Schieppati said on Wednesday.
Read moreHOUSTON, Sept 27 (Reuters) - About 11% of oil production in the U.S. Gulf of Mexico was shut on Tuesday as a powerful Hurricane Ian forced oil companies to evacuate workers and the storm took aim at Florida.
Read more(Alliance News) - BP PLC on Tuesday said it signed a memorandum of understanding for the development of a network of electric vehicle charging stations with Hertz Corp for North America.
Read moreSept 27 (Reuters) - BP PLC said on Tuesday it would be redeploying offshore personnel to the Na Kika and Thunder Horse platforms after determining conditions were safe to return.
Read moreHOUSTON, Sept 27 (Reuters) - U.S. offshore oil producers on Tuesday were keeping a wary eye on Hurricane Ian's track as the powerful storm shut-in at least 480,000 barrels of oil production ahead its move into the U.S. Gulf of Mexico.
Read moreKosmos Energy Ltd - oil and gas producer focused on Ghana, Guinea and the US Gulf of Mexico - Says earlier this month, partner BP PLC informed Kosmos that the floating production, storage and offloading vessel being built for the pair's Greater Tortue Ahmeyim project was unmoored by a storm. The FPSO, being built in a shipyard in Qidong, China, drifted 200 meters off the quayside after mooring lines became compromised during Typhoon Muifa. Kosmos has now been informed by BP that the FPSO has been returned to the quayside of the COSCO shipyard in China. Says inspections conducted to date have not identified any serious damage. Plans to give a further project update alongside its third quarter results in early November.
Read moreLONDON/SINGAPORE, Sept 27 (Reuters) - Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more(Alliance News) - European markets suffered on Friday, closing a week dominated by central banks firmly in the red, as the UK's new economic direction sank the pound to a thirty-seven-year low.
Read more(Alliance News) - European equities were heavily sold off once again on Friday, with markets unable to shake off interest rate hike worries, which have battered stocks for most of this week.
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