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LONDON (Reuters) - BP’s trading arm made nearly $4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by the pandemic.
FILE PHOTO: Detail is seen on a BP (British Petroleum) EV (Electric Vehicle) charge point in London, Britain, January 30, 2021. REUTERS/Toby Melville/File Photo
Trading revenue for majors such as BP and rival Royal Dutch/Shell shielded them from the full impact of the worst recession to hit the modern energy industry, helping finance their shift towards a new business model in a lower carbon economy.
Is Qualcomm Out of the Woods and Can We Go Long? What I would like to see is a successful retest of the March 8th low. Stocks quotes in this article: QCOM
I have fielded questions from retail clients, institutional clients and college students for decades. Some analysts consider it a pain in the butt and annoying. Someone early in my career on Wall Street told me never to avoid tough conversations with clients and always remember who keeps the lights on. Sage advice. Some clients or customers can be problems especially when they forget that trading and investing comes with risk or seek to shift the blame when they fail to cut their losses. But the vast majority of clients and subscribers are great to correspond with - really.
Marketline Report for Thursday, March 11th
Thursday Mar 11th, 2021
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Chicago Soft Red Winter Wheat prices for May closed the day dn 5, to finish at 652 ½. March Corn was dn 11 ¾ to close at 534. Kansas City Hard Red Winter Wheat prices for May were dn 10, to settle at 616 ½.
Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 7-80. Soft white wheat of Ordinary Protein for May was Unch, ranging from 7-30 to 7-65. Hard Red Winter Wheat with 11 ½ percent Protein, for May were dn 10, ranging from 7-36 ½ to 7-46 ½. DNS wheat with 14 % protein, prices for April were dn 6 ¼, ranging from 7-56 ¼ to 7-66 ¼.