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FT reports on plunging stock piles of oil and fears of surge in oil prices before Summer

Patience, hold steady - BP will be making very good profits. Volatility will endure for months imho.

Boy69

If this doesn't raise SP what would?

Al Jazeera just interviewed a Professor from Doha University and has speculated that Trump was maybe trying to influence the Markets again (with his latest 'humanitarian' motives in intervening in the SoH) which are due to open shortly..

Al Jazeera just interviewed a Professor from Doha University and has speculated that Trump was maybe trying to influence the Markets again (with his latest 'humanitarian' motives in intervening in the SoH) which are due to open shortly..

Are you a shareholder?

BBC News reporting that US have talks today about planned short term imminent strikes on Iran

...So good we named it twice...

Two brokers suggesting £7

OPEC issues - specifically - UAE leaving are less important than war-driven supply shortages → supportive for BP

Oil price direction = BP share direction

AI view

Short-term impact (what’s happening now)

Even with UAE leaving OPEC:

Analysts say little immediate impact on oil markets - Reuters

Supply is already tight due to conflict (Hormuz disruption)

👉 For BP:

This is actually supportive

High prices + volatility = strong trading profits

BP’s trading division is benefiting from price swings

📊 Evidence:

Shares recently rose alongside earnings beats and high oil prices

→ Net effect (short term): mildly positive or neutral for BP shares

Thanks - minor correction - should read "up from"- not front

In brief they also added that if exports do not return to normal levels until the back end of July and if there is a “persistent reduction” of Gulf output capacity of approx 2.5 million barrels per day, then oil could average nearly $120 in Q4.

Carrington - my research suggests the following:

Iran is not simply saying “it’s open” right now. The latest credible reports say they are proposing to reopen it as part of a deal, but it is not fully settled or stable.

What’s actually being said right now:

Today’s reporting says Iran has put forward a proposal to reopen the Strait of Hormuz as part of a broader deal to de-escalate the conflict.

This is conditional diplomacy, not a confirmed, immediate reopening.

Very important context (last 1–2 weeks):

Iran already said it was “completely open” during a ceasefire earlier in April.

But it then closed it again shortly after when tensions escalated and the US blockade continued.

There’s been back-and-forth—open → restricted → closed again, so statements alone haven’t matched reality on the water.

Where things stand right now:

The strait is effectively part of a negotiation lever.

Iran is signalling: “we’re willing to reopen it — if there’s a deal.”

Meanwhile, military activity, blockades, and even ideas like charging ships or imposing new rules are still being discussed.

✔️ Bottom line:

They are talking about reopening it, yes.

But it is not a clear, unconditional “it’s open now” situation.

Think of it as in flux and tied to negotiations, not a settled fact.

Carrington

Where is your source for saying " but atm the Iranians are saying they will open the SOH"

In many years to come.....

Oil ticking up - Shell coming back gradually + BP also - Chat GPT is suggesting a break out at 5.95 for BP pushing back to £6 - let's see if AI predicts right.

StanleyB

Do keep up - FYI the Archbishop is a woman..... Not a 'he'.

There is this by way of reference - though not Sky News

RBC Capital Markets said it expected oil prices to exceed the $128 high hit just weeks after Russia launched its full-scale invasion of Ukraine in 2022 and top the 2008 record high of about $147.

Sky News just reported some of the Company Names accompanying PM - amongst which - BP official.

Positivity required

Will this likely increase QQs share price? Any thoughts out there in the 'quiet ether?'