BP PLC (LSE:BP.) has been added to Citi's catalyst watch list as a “Top Call” ahead of a potential key Bumerangue update, with the broker arguing the market is not fully reflecting recent developments.
United Steelworkers members at BP's 440,000-barrel-per-day refinery in Whiting, Indiana, rejected the company's offer to extend their contract by 28 days at the largest refinery in the U.S. Midwest, the company said in a statement on Saturday.
With an armada of U.S. Navy ships steaming toward the Mediterranean, military action against Iran would pose significant risks to global oil markets due to Iran's control over the Strait of Hormuz, through which roughly 20-30% of the world's seaborne oil passes.
Shell and BP are actively pursuing US licenses to begin extracting natural gas from shared fields in Trinidad and Tobago and Venezuela, the Caribbean country's energy minister Roodal Moonilal announced on Wednesday, according to a Reuters report.
Shell and BP are seeking U.S. Office of Foreign Assets Control licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean country's energy minister Roodal Moonilal said on Wednesday.
BP's head of Trinidad and Tobago said the oil and gas major is still interested in cross-border opportunities with Venezuela, despite the government in Caracas suspending all bilateral energy agreements with its neighbor last year.
Poland's largest lender PKO BP has been fined more than 79 million zlotys ($22 million) for using prohibited clauses in consumer loan agreements, competition and consumer protection office UOKiK said on Monday.
Realty Income offers a dividend yield of 5.3%, while BP offers a yield of 5.6%. Realty Income is a large and globally diversified real estate investment trust (REIT).
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