BP's Fuel Station Deal Meets Inconvenient Bid
Rival bidder ARKO has offered a higher price for TravelCenters of America. The company doesn’t want it.
Source: wsj.com
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Oil Prices Surge on OPEC Output Cuts. Supply Expectations Are Shifting.
Analysts revise up forecasts for oil prices in the second half of the year with one predicting Brent crude may average $101 a barrel in the second half.
Source: barrons.com
BP Cuts Long-Term Oil and Gas Demand Outlook. It's Good News for Renewables.
The British oil giant said Russia’s war in Ukraine will accelerate the global shift toward renewable energy, in a report Monday.
Source: barrons.com
Exxon, Chevron, Tesla, NIO, WWE, and More Stock Market Movers
Shares of Exxon, Chevron, and other energy giants surge after OPEC+ surprises markets with a cut in oil production, Tesla sets a quarterly record for vehicle deliveries, and WWE is being acquired by Endeavor.
Source: barrons.com
BP and Shell Are a Buy in 2023. Why They're Cheaper Than U.S. Oil Giants.
The European companies are being punished for their ESG investments, one strategist says.
Source: barrons.com