BP, one of the leading energy companies based in London, has decided to temporarily suspend all oil-tanker shipments through the Red Sea due to escalating security risks in the region. This decision comes in response to recent attacks by Yemen's Houthi rebels on vessels transiting through the area. According to BP, the deteriorating security situation has prompted them to pause … [Read more...] about BP Suspends Oil-Tanker Shipments in Red Sea
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Big Oil Poised for Rebound in 2024, Says Analyst
Oil prices and stocks have taken a hit in recent months, but one analyst predicts a rebound in 2024. Peter Low of Redburn Atlantic highlights three companies, Shell, BP, and Exxon Mobil, as potential winners that could deliver a 20% or higher return for shareholders. The Outlook for Shell, BP, and Exxon Mobil Low had already rated Shell as a Buy, but he recently upgraded his … [Read more...] about Big Oil Poised for Rebound in 2024, Says Analyst
