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The Latest Breaking News from British Petroleum

BP plc (NYSE: BP) shares are trading lower by 3.80% to $27.20 Tuesday morning. Shares of energy companies are trading lower amid a drop in oil prices as investors assess recession concerns. Concerns of an economic slowdown have pressured the demand outlook.

Benzinga

Pump action? UK motorists await report on painful petrol prices

The regulator will rule on whether a 5p cut in duty has been passed on – but there are still many factors driving costs up

The Guardian - UK

What Are Whales Doing With BP

A whale with a lot of money to spend has taken a noticeably bearish stance on BP. Looking at options history for BP (NYSE:BP) we detected 11 strange trades.

Benzinga

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Ecuador's Oriente crude exports suspended, Napo flowing amid force majeure

Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday.

Reuters

Urgent BP fuel card scam warning issued as drivers targeted on Facebook

Motorists have been issued an urgent warning regarding a scam currently circulating on Facebook in which victims are convinced to give out their personal information for a fake BP fuel card

Edinburgh Live

Metro mayor demands local government pension scheme cuts ties with fossil fuels

WECA head Dan Norris tables motion requiring backing by three council leaders

Bristol Post

BP pays UK oil tax for first time in six years, company report says

BP HAS paid tax on its operations in the North Sea for the first time in at least six years, according to a company report.

The National (Scotland)

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Why is petrol so expensive in Australia? And when will petrol costs go down?

Dreaming of taking a long drive this weekend? Even with the government halving the fuel excise to 22 cents a litre, petrol prices are still high. So what's going on?

ABC News

Sunak urges banks to keep funding oil and gas firms after windfall tax

Sector says £5bn energy profits levy will make investment in new projects and renewables more difficult

The Guardian - UK

Chancellor visits Aberdeen to appease oil and gas executives

Rishi Sunak is set to hear from both staff and bosses at North Sea energy companies

Insider UK

What's Going On With Exxon Mobil, Marathon Oil, BP And Shell Shares Today?

Exxon Mobil Corp (NYSE: XOM), Marathon Oil Corporation (NYSE: MRO), BP plc (NYSE: BP) and Shell PLC (NYSE:

Benzinga

The cheapest Edinburgh petrol prices as average cost of fuel hits 189.33p per litre

The cost of living is continuing to rise dramatically as inflation has hit a 40 year high and with that petrol prices are soaring as experts warn that each day the cost of fuel keeps breaking records.

Edinburgh Live

Cheapest petrol stations in every Scots city as drivers hit with rising prices

We have compiled a list with five of the cheapest prices for both unleaded and diesel in Scotland's cities.

Daily Record

Greenwashing: how ads get you to think brands are greener than they are – and how to avoid falling for it

Ads are ubiquitous in many people’s lives, whether on billboards across our cities or on our phones as we’re tracked across the internet. That’s a huge amount of power and influence. For example, ads which appeal to eco-conscious consumers have the potential to dramatically affect public perceptions of how brands…

The Conversation

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The Guardian - UK

Windfall tax ‘seriously flawed’, says North Sea oil and gas producer

Harbour Energy lobbies Rishi Sunak for changes to profits levy because of impact on smaller firms

The Guardian - UK

Ex-BP executive lands $6.2m payout at US firm despite death of offshore worker

Andy Inglis ran BP’s exploration and production division before leaving in wake of Deepwater Horizon disaster

Daily Record

Good Samaritan gives away £1,000 at petrol station to help struggling Scots fill cars

Customers at a BP garage in Edinburgh were given the surprise of their life when a kind stranger stepped up to help people pay for their fuel.

Edinburgh Live

Kind Edinburgh stranger hands out £1,000 to locals at petrol station

Two petrol station workers in Canonmills were astonished after a kind stranger arrived at the store and gave them ten £100 gift cards to hand out to customers as prices rise.

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Asharq Al-Awsat

Australia Submits more Ambitious 2030 Emissions Target to UN

Australia's new center-left government submitted more ambitious emissions targets to the United Nations Thursday, seeking to end a decade of foot-dragging on climate change. Prime Minister Anthony Albanese raised the country's 2030 emissions reduction target to 43 percent, up from a more modest previous target of 26-28 percent, AFP said.…

Bangkok Post

Poor 'renegades'

Re: "Pheu Thai 'renegades' face chop", (BP, June 5).

The Times of India

Jio-bp to power Zomato's EV journey

NEW DELHI: Jio-bp -- the fuel and mobility joint venture between Reliance Industries Ltd and supermajor bp -- on Wednesday said it will provide battery swapping facility to Electric Vehicles (EVs) of food delivery app Zomato.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

BP Purchases 40% Stake In Green Hydrogen Project In Australia

BP plc (NYSE:BP) is acquiring the largest stake in a vast solar, wind, and green hydrogen project in Western Australia that will cost more than $30 billion to develop, reported Financial Times. The energy company stated that it has agreed to buy 40.5% of the Asian Renewable Energy Hub, which it will…

The Guardian - AU

Global fossil fuel giant BP buys 40% of US$30bn Pilbara renewable energy project

The company also plans to operate the Asian Renewable Energy Hub, which aims to generate up to 26GW of wind and solar energy

Benzinga

Looking Into BP's Recent Short Interest

BP's (NYSE:BP) short percent of float has risen 38.89% since its last report. The company recently reported that it has 8.02 million shares sold short, which is 0.25% of all regular shares that are available for trading.

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