Tag: BP

The Daily Dose; Told Ya So, Says Bob Dudley

September 2, 2020

-The lower-for-longer mantra was prophetic -US crude oil inventories skewed by temporary factors. The computers are taking over the market. Crude oil prices were up in early morning trading after the American Petroleum Institute reported yet another draw on US commercial crude oil inventories. Data, however, are skewed by the impact of Hurricane Laura, which … More The Daily Dose; Told Ya So, Says Bob Dudley

Climate Initiatives and the Oil Sector Collide

August 24, 2020

Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -Green agenda makes sense … sometimes. -From lipstick to vinyl records, oil is here to stay British energy company BP started evacuating personnel from its rigs in the US waters of the Gulf … More Climate Initiatives and the Oil Sector Collide

The Daily Dose; BP makes excuses for bruising quarter

August 4, 2020

-Green shoots do little to explain demand destruction -Toxic US climate will get worse before it gets better. The price for Brent crude was in negative territory early Tuesday, erasing much of the gains from the previous session. Headline issues were largely centered on an announcement from British supermajor BP that it was making a … More The Daily Dose; BP makes excuses for bruising quarter