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The Latest Breaking News from British Petroleum

Someone with a lot of money to spend has taken a bullish stance on BP (NYSE:BP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

The Guardian - UK

Whitmer order lifts some fuel rules to address potential impact of Indiana refinery fire

DETROIT — Gov. Gretchen Whitmer on Saturday issued an executive order lifting some rules on fuel supply transportation and moving forward the timeline for the state to access its fall gasoline supply in light of a fire at an Indiana refinery that may affect Michigan's supply and prices.

Tribune News Service

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Former BP chief calls for energy price cap to be suspended and oil firms to be taxed more

Nick Butler has called for taxes to be increased on companies that are "milking the system". Mr Butler worked at BP for more than 30 years.

Wales Online

Former BP chief says price cap should be suspended

Nick Butler said the increase in the Ofgem price cap should be suspended, after they announced an 80% hike in bills.

The Independent UK

This Is What Whales Are Betting On BP

A whale with a lot of money to spend has taken a noticeably bearish stance on BP. Looking at options history for BP (NYSE:BP) we detected 12 strange trades.

Benzinga

Just Stop Oil protesters blockade central London petrol stations

Environmental activists stage sit-down protests, blocking entrances and gluing themselves to pumps

The Guardian - UK

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Just Stop Oil block seven London petrol stations during rush hour

More than 50 eco-warriors from Just Stop Oil have blocked service stations and smashed up petrol pumps across west and central London.

Evening Standard

North Sea oil giant’s huge profit set to fuel fresh row

Hike just hours ahead of announcement of unprecedented rise in domestic gas and electricity bills

Evening Standard

Police searching for suspects who fled BP petrol station with bag after robbery

Officers are trying to get footage of the incident

Manchester Evening News

Jeff Sparrow says we've been duped into believing environmental blame rests with us

It's big businesses, not individuals, that need to change if we are to address environmental issues.This author says clever marketing has made us think otherwise.

ABC News

Wealthy pushing up land costs to ‘greenwash’ image, campaigners warn

image('11876565', type="article-full")

The National (Scotland)

Oil giant’s lobbying firm provided ‘admin support’ to MPs investigating energy crisis

Calls for greater oversight of parliamentary groups after concerns raised about Tory backbench committee

The Guardian - UK

Tory leadership race: Truss takes on Sunak in Manchester – as it happened

The two candidates faced questions from Conservative members on the NHS, trade unions, and energy bills

The Guardian - UK

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The Independent UK

Former BP chief calls for UK energy price cap freeze ahead of ‘winter of discontent’

Nick Butler says firms who cannot offer lower prices should be renationalised

The Guardian - UK

Former BP chief urges freeze to UK energy price cap to help households

Ofgem should stop rises in cap, and energy firms unable to offer lower bills should be nationalised, says Nick Butler

The Guardian - UK

I worked for BP for 30 years – the energy sector has become incompetent and greedy

If these profiteering firms are failing to meet society’s needs, the government should take them back into public control, says Nick Butler, a former vice-president at BP

The Conversation

Influential oil company scenarios for combating climate change don't actually meet the Paris Agreement goals, our new analysis shows

Several major oil companies, including BP and Shell, periodically publish scenarios forecasting the future of the energy sector. In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international Paris climate agreement.

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Manchester Evening News

Loyalty schemes that offer cheaper fuel prices at Tesco, Shell, Esso, BP and Sainsbury’s

Shoppers could be earning points to knock money off their fuel prices with these apps and rewards programmes

Birmingham Post

East Coast Cluster chief on latest carbon capture sequencing success

14 of the 25 projects put forward earlier this year succeeded - we list all

The Guardian - UK

Starmer bungled in failing to target his energy bill support

Labour’s idea may represent smart politics but it makes no economic sense to freeze prices for everyone

The Guardian - UK

Saudi Aramco profits soar by 90% as energy prices rise

The $48bn figure from world’s biggest oil firm is thought to be one of largest quarterly profits in history

Daily Mirror

Lord Alan Sugar blasts oil firms for 'whacking prices up' and demands stricter regulation

Alan Sugar blasted companies for taking advantage of consumers with petrol prices - it comes after BP raked in profits of £6.9m in three months as households struggle with energy bills

Bangkok Post

Sub guinea pig

Re: "Navy may take sub engines from China", (BP, Aug 10).

StockNews.com

3 Under-the-Radar Oil Stocks Investors Should Consider

Oil prices rebounded yesterday, boosted by the slowdown of inflation. Moreover, oil demand is expected to rise this year amid an already tight market which might increase oil prices further. Amid this, Adams Resources & Energy (AE), TotalEnergies (TTE), and Cenovus Energy (CVE) are flying under the radar, offering good…

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