Global oil prices surge as BP halts Red Sea tanker traffic due to security concerns, raising fears of disruptions to Suez Canal shipments. Joint security operation formed by US and allied nations to counter Houthis' attacks. Long-term implications on shipping routes remain uncertain.
Houthi rebel attacks on Red Sea ships raise concerns of oil supply disruptions, causing oil prices to surge by over 1%. However, doubts about Russia's export cuts and the abundance of oil supply temper the gains.
BP, Edison, and Shell call for intervention in dispute with Venture Global LNG over failed contract supplies. Can U.S.-EU Task Force help resolve issue?
BP reports a 69% drop in 2Q profit due to lower oil prices and weak trading results. Despite challenges, BP remains committed to shareholder returns and capital projects.
Saatchi & Saatchi Propagate bags the digital marketing mandate for Jio-bp, a joint venture between Reliance and BP, aiming to improve social media presence and build a strong online presence.
BP and TotalEnergies secure German offshore wind sites, highlighting growing appeal of renewable energy assets in Europe. Major oil companies enter renewables sector.