Oil

North of Scotland

BP boss hails ‘steady progress’ as profits rocket

July 31, 2018

BP’s boss praised the oil major’s “steady progress” as profits soared in the first-half of 2018. UK-headquartered BP chalked up pre-tax profits totalled £6.7 billion, up 190% year-on-year, while revenues increased to £111bn from £86bn. The firm’s underlying replacement cost profits more than doubled to £4.1bn. >> Read more on Energy Voice here <<

World

Trump claims Saudi Arabia will boost oil production

July 1, 2018

President Donald Trump said that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela.

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