BP has appointed Meg O’Neill, the chief executive of Australia’s Woodside Energy, as its new CEO. This move signals BP’s intention to intensify efforts to increase returns and prioritise oil and gas operations, following a scaling back of its earlier, ambitious renewable energy strategy.A historic appointmentO’Neill’s appointment, which is slated to…
Indonesia faces a massive financial challenge in its shift to greener energy for captive power, requiring an estimated $31…
US nonfarm payrolls rose by 64,000 in November, beating forecasts but revealing deeper cracks in the labor market that…
Global markets opened on Wednesday with investors digesting a mix of technology dealmaking, uneven economic signals, and sharp moves…
The oil market currently sits between two distinctive scenarios, involving the growing supply risk from Venezuela, and prospect of…
Japan’s export engine showed fresh resilience in November, with shipments to the US rising for the first time since…
The UK’s inflation rate cooled more sharply than expected in November, strengthening the case for the Bank of England…
The GBP/USD exchange rate dropped by 0.75% on Wednesday after the UK published encouraging consumer inflation data. Sterling dropped…
German business sentiment is set to end the year on a softer note, highlighting how difficult it remains for…