Edition:
United Kingdom

Dmitry Zhdannikov

Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary

16 Oct 2020

LONDON BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff - or just over one in ten of those eligible - applied for voluntary severance, according to an internal memo seen by Reuters and company sources.

Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary

16 Oct 2020

LONDON BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff - or just over one in ten of those eligible - applied for voluntary severance, according to an internal memo seen by Reuters and company sources.

EXCLUSIVE-Only a quarter of BP's 10,000 job cuts to be voluntary

16 Oct 2020

LONDON, Oct 16 BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff - or just over one in ten of those eligible - applied for voluntary severance, according to an internal memo seen by Reuters and company sources.

Brent pares losses, U.S. crude up on stimulus hopes

30 Sep 2020

NEW YORK Global benchmark Brent crude pared losses Wednesday and the U.S. crude price rose on hopes that a U.S. economic stimulus deal would support the market, even as concerns about the coronavirus pandemic continued to loom over demand forecasts.

Oil traders doubt OPEC will boost output as planned in 2021, citing bearish signals

29 Sep 2020

LONDON OPEC is unlikely to increase oil output as planned from January next year as it could mean adding more downside pressure to the already bearish and weak market, top traders said on Tuesday.

Angolan energy giant made no money from oil in 2019 as debt bites

29 Sep 2020

* Angola wants to privatise Sonangol, depends on its revenues

Vitol expects tough second half as oil trading flatlines

21 Sep 2020

LONDON After extreme oil volatility that provided traders with bumper profits in the first half of the year, the market is now stuck in a lower gear, fatigued by the realities of COVID-19.

With a battered economy, Iraq debates its contribution to OPEC+ oil cuts

11 Sep 2020

DUBAI/BAGHDAD/LONDON A debate within Iraq over whether it should ask to be exempt from OPEC+ oil supply cuts has resurfaced as low prices squeeze its finances, challenging a government struggling to tackle the destruction of years of war and rampant corruption.

With a battered economy, Iraq debates its contribution to OPEC+ oil cuts

11 Sep 2020

DUBAI/BAGHDAD/LONDON, Sept 11 A debate within Iraq over whether it should ask to be exempt from OPEC+ oil supply cuts has resurfaced as low prices squeeze its finances, challenging a government struggling to tackle the destruction of years of war and rampant corruption.

Second wave of floating storage triggered by ailing oil market

09 Sep 2020

LONDON A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.

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