Firstly, forecasts (including from BP itself) stating oil demand peaked in 2019. Secondly, the pivot by both governments and business toward a zero-net emissions future. In short, the oil industry ...

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

The plunge in oil demand caused by the pandemic won’t fix the climate crisis. But it could force the oil industry to accelerate a shift away from fossil fuels as executives try to carve out a ...

Yet BP sees the drilling project in Sau Brasil as worth the effort—and the money. And that, in turn, suggests that, challenges or not, the industry is not convinced that oil demand is on its way ...

The BP oil spill was a turning point, exposing the fragile link between ecological health and economic survival. Fifteen years later, the industry continues to harvest menhaden, sustain jobs, and ...

The oil giant said it had a solid start to the year, aided by higher energy prices and strong results from its trading division, ... BP Signals Recovery for Oil Industry in Wake of Pandemic.

Tight supply and undaunted demand mean oil will be expensive for the foreseeable future, BP CEO Tony Hayward told Houston business leaders Thursday. Analysts have said speculators, the weak dollar ...

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