Home Dudley

Tag: Dudley

Post
BP avoids sending its tankers through the Strait of Hormuz

BP avoids sending its tankers through the Strait of Hormuz

BP, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month. It brings together established industry players with complementary assets. BP, Castrol and Renault F1 Team extend their Formula 1 partnership for a further two years until the end of 2024. It could be targeted by Iranian...

Post
Oil sell-off is deepest to follow an OPEC output cut in a decade

Oil sell-off is deepest to follow an OPEC output cut in a decade

Oil prices turned negative amid a sell-off in the U.S stock market on Monday, with U.S. crude posting an 11th straight day of losses, its longest longest losing streak on record. Crude’s recent sell-off is a grim reminder that OPEC’s management of the oil market isn’t foolproof. Crude futures looked set to break the streak...