Most American companies will report second-quarter results in the coming weeks, giving us the first chance to hear directly from a wide variety of businesses since the US and China agreed to resume trade talks.
Mon, 15 Jul, 2019
Oil major BP has approved a $9bn (€8.5bn) investment in its ‘Mad Dog’ project in the Gulf of Mexico, its first major new platform in the region since a 2010 explosion at its Macondo well led to the worst offshore disaster in US history.
Fri, 02 Dec, 2016
The strategy, formulated by the Organization of the Petroleum Exporting Countries (Opec) summit last December, was simple: Allow oil prices to fall below the $50/barrel level (Brent crude) to force contraction of production in non-Opec countries, enabling the cartel to maintain market share and eventually manipulate prices to a higher level.
Mon, 17 Aug, 2015