Firm says merging its hydrocarbon business with Australian producer Woodside Petroleum is one optionThe mining multinational BHP has begun talks to exit the oil and gas industry by merging its hydrocarbon business with Australia’s top independent gas p…
Global demand for oil slashed by ongoing Covid issues, says IEA
Influential agency reverses earlier prediction of possible glut in the market in second half of 2021Coronavirus – latest updatesSee all our coronavirus coverageThe world’s appetite for oil will be lower than expected this year as the ongoing spread of …
BP to buy back $1.4bn of shares as rising oil price bolsters profits
Energy company raises oil price forecasts for rest of decade, but lowers them for longer termBP will hand shareholders a windfall of $1.4bn (£1bn) through share buybacks and has promised to increase its dividend by 4% a year up to 2025 after predicting…
Calls for social tariff on UK energy bills as rises push extra half million homes into fuel poverty
With global gas prices at 16-year high, cash-strapped consumers are braced for soaring costs this winterThe government faces calls to bring in a social tariff to help struggling households pay their energy bills as soaring prices threaten to drive an e…