Sunday, May 31, 2026

BP is Big on its Unconventional Buy, Gives Lower 48 a New Name: ‘BPX Energy’

BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio. The acquisition – which was announced in July and closed October 31– adds oil and gas production of 190,000 barrels of oil equivalent per day (boe/d) and 4.6 billion oil equivalent barrels (boe)

Oil Prices: Investors Grow Wary of Trade Slowdown

From the Daily Express-Malaysia SINGAPORE: Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia’s emerging economies. Front-month Brent crude oil futures LCOc1 were trading down 46 cents, or 0.6 per cent, at $77.16 a barrel at 0745 GMT

Black Gold, White Knuckles: Oil Refiners Face Rollercoaster Ride as Fuel Margins Seesaw

From Reuters Oil product margins have been tossed around on a wild rollercoaster ride in October, as factors like impending Iran sanctions, the China-U.S. trade war and upcoming shipping regulations yank fuel profits up, down and back again. Some profit margins, known as crack spreads in the industry, including for Asian fuel oil and gasoil have boomed, while others, such