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Not the oil price that’s up
112.75$

I am on my way to sunny London
Come on Bp
:)))))

111.9$

https://www.livecharts.co.uk/MarketCharts/brent.php

111.67$

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31,253.13 -236.94 (0.75%)today

31.10 USD -0.015 (0.048%) Bp adr
Improving

31,418.86 -71.21 (0.23%)
Improving

Dow Jones
31,135.84 -354.23 (1.12%)

:)

https://www.pinkfloydz.com/concerts-tours/roger-waters-dark-side-tour-2006/roger-waters-dark-side-tour-2006-24-june-russia-moscow/

China in talks to snap up cheap Russian oil
China is looking to top up its reserves with cheap Russian oil in a sign of strengthening ties between Beijing and Moscow just as the EU prepares to ban imports.

Government officials are in talks to buy additional supplies that would be used to fill China's strategic petroleum reserves, Bloomberg reports.

Oil has rallied this year following Russia’s invasion of Ukraine, but the price of its own crude has tumbled as buyers shun Moscow to avoid damaging their reputation or being swept up in financial sanctions.

That’s provided an opportunity for China to cheaply replenish its vast strategic reserves, which are typically tapped during times of emergencies or sudden disruptions.

Meanwhile, the US and UK have pledged to ban Russian oil imports. The EU is discussing similar steps, but talks are being held up by opposition from Hungary.

Good afternoon meoryou. .I agree with your post. But the reporting has been one sided.
They have not gone into the costs which are still being paid for The Deep water Horizon disaster plus Rosneft There are no guarantees we will get anything for Rosneft.
How many businesses in these days can take a hit of that magnitude.We need better reporting
on the situation for both sides

https://www.reuters.com/world/uk/uk-industrial-orders-grow-joint-record-pace-may-cbi-2022-05-19/

Excellent post. How many billions is the question for the windfall tax?
Plus as you said Tech companies to pay the tax, + Tesco ,Waitrose ,Insurance companies and many more

.

I do not agree with a wind fall tax on oil companies
As this would deter investments else where

It’s a difficult one.Bp is a business and it has taken a huge hit with Rosneft.I am sure they had their hands tied to do this. Many years for Bp have not been easy. Plus all the Green projects they have invested in. There are so many business that have done well with the covId situation .
Plus all the fraud. why just single oil companies?
As a PR it would be good for Bp to pay a windfall tax. B

https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-target-triggers-bearish-sell-off-market-rally-has-90-chance-of-doing-this/

https://www.livecharts.co.uk/MarketCharts/brent.php