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Added on the 02/02/2016 14:37:08 - Copyright : Reuters EN
Oil prices would have to bounce back to $60 a barrel for U.S. oil producers to generate a good rate of return, says S&P Capital IQ's Stewart Glickman. Fred Katayama reports.
Oil major BP has reported lower profits and says it will cut spending on exploration because of the fall in oil prices. But as Hayley Platt reports a surprise contribution from its stake in Rosneft helped it beat forecasts.
Oil majors BP and ConocoPhillips will cut over 500 jobs in the North Sea to reduce costs as oil prices tumble. As Ciara Lee reports other oil majors are also cutting back with billions of dollars of projects being put on hold.
London, Sep 23 (EFE) .- (Camera: Clàudia Sacrest) British oil company BP reported this Thursday that it has closed "temporarily" some service stations in the United Kingdom due to the lack of supply of both gasoline as diesel, due to the crisis in the British transport sector.FOTOAGE FROM A GAS STATION OF BRITISH PETROLEUM BP IN LONDON.
Bangalore (India), Sep 13 (EFE / EPA) .- (Camera: Jagadeesh NV) .- Crowds of Indians protested this Monday in the Indian city of Bangalore against the increase in the price of fuel, which according to them, will also affect the price of other commodities in the country.FOOTAGE OF THE PROTEST AGAINST RISING OIL PRICES IN BANGALORE, INDIA.
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