Ratings agency Moody's has cut its price outlook for the both Brent crude and WTI, believing the rise in prices will take place at a much slower pace than originally forecast.» Read More
European equities soared by the close on Tuesday as markets got a confidence boost from fresh European data and corporate earnings.
As Exxon is scrutinized for it's climate change records, many other oil companies could be put scutinized, The New York Times reports.
European markets closed mixed Thursday, as investors tried to find their footing amid a busy day for corporate earnings.
It was a bruising day for Europe's energy sector Thursday with the full extent of the pain caused by low oil prices being laid bare.
Oct 28- SunPower Corp, the No. 2 U.S. solar panel maker, reported a surprise quarterly profit, helped by strong demand for rooftop installation, and forecast 2015 earnings above expectations. SunPower said it expected 2015 adjusted profit of $1.95 to $2.05 per share, above the average analyst estimate of $1.56, according to Thomson Reuters I/B/E/S.
Oct 28- SunPower Corp, the No.2 U.S. solar panel maker, reported a quarterly loss, compared with a year-earlier profit, as revenue from its power plant business fell 68 percent. The company reported a net loss of $56.3 million, or 41 cents per share, attributable to shareholders for the third quarter ended Sept. 27. A year earlier, SunPower had a profit of $32 million, or 20...
European equities were mixed on Monday, as investors got to grips with a fresh set of earnings reports.
RIO DE JANEIRO, Oct 20- Brazil's giant offshore subsalt oil and gas areas will only break even with oil worth $55 a barrel or more, Oswaldo Pedrosa, chief executive of state-owned oil-asset management company Pre-Sal Petroleo SA, said on Tuesday. The $55 a barrel figure is 14 percent higher than the current benchmark Brent crude oil price and 22 percent higher than...
European equities closed down on Tuesday, as earnings reports and renewed concerns over China dominated investor sentiment.
European markets closed mixed on Monday as investors digested the latest Chinese GDP figures, amid a downturn in commodity prices.
Bob Dudley has said that low oil prices are not all bad for the energy industry, as subsidies have been cut from petrol products around the world, which has resulted in fairer pricing.
BP’s CEO Bob Dudley explains how low oil prices aren't all bad for the energy industry, as subsidies have been cut from petrol products around the world.
MELBOURNE, Oct 16- The first cargo from the $18.5 billion Gladstone liquefied natural gas project left on Friday, the second of seven new Australian developments putting the country on track to overtake Qatar as the world's top LNG exporter in the next three years. The maiden cargo from the world's second LNG plant fed by coal seam gas is headed to Korea Gas Corp in...
Oil prices came under pressure on Wednesday after the US government reported a large crude inventory build.
European stocks closed mixed to lower on Thursday, as start-of-quarter enthusiasm petered out among investors and telecom stocks weighed on investor sentiment.
The Arctic is likely the biggest untapped area for petroleum on Earth, but Royal Dutch Shell is just the latest of the oil supermajors to pull back. Here's why.
Europe stocks finished marginally higher on Wednesday, as investors digested the latest from Volkswagen and continued to ponder China's economic health.
French oil major Total cuts capital and operating expenses and trimmed its ambitious output growth targets.
Total announced Wednesday that is was slashing capital spending, delaying the start date of several projects and upping its cost-cutting targets.
Sept 22- U.S. federal energy regulators on Tuesday alleged traders at the U.S. arm of French energy company Total SA manipulated the natural gas market in the southwestern United States between June 2009 and June 2012. In recent years, FERC has alleged violations of similar types of loss leader trading manipulation by JPMorgan Chase& Co, which paid $285 million in...