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2021-02-03

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Oil company Baker Hughes is ‘cautiously optimistic’ on the outlook for energy demand

2021-02-03

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Pandemic drives oil major BP to first loss in a decade

2021-01-31

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2021-02-07

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float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil company Baker Hughes is ‘cautiously optimistic’ on the outlook for energy demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 17:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/02/oil-company-baker-hughes-is-cautiously-optimistic-on-energy-outlook.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSOil services firm Baker Hughes sees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said.He noted that some countries are still in coronavirus-related ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/02/oil-company-baker-hughes-is-cautiously-optimistic-on-energy-outlook.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/76824cd4c5b97eaacdaab63d96995a28","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://www.cnbc.com/2021/02/02/oil-company-baker-hughes-is-cautiously-optimistic-on-energy-outlook.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1109079107","content_text":"KEY POINTSOil services firm Baker Hughes sees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said.He noted that some countries are still in coronavirus-related lockdowns, which can weigh on fuel sales in the first part of the year.Oil services firmBaker Hughessees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said this week.“We are cautiously optimistic,” he told CNBC’s Steve Sedgwick on Monday.He noted that some countries are still in coronavirus-related lockdowns, which decimated demand in 2020 and can weigh on fuel sales in the first part of the year.However, he expects demand to start recovering in the second half of the year, due to the vaccine rollout and improving economic situation.The chief executive’s views were in line with OPEC’s January report on the oil market, which saidvaccinations provide some “upside optimism,” and that its 2021 forecasts “assume a healthy recovery in economic activities.”The alliance expects global oil demand to increase by 5.9 million barrels per day to an average of 95.9 million bpd.Meanwhile, the International Energy Agencypredicts that world oil demand will recover to 96.6 million bdp this year.It lowered its forecast slightly citing surging Covid cases and fresh lockdowns.While vaccines put fundamentals on a stronger growth trajectory, it will take more time for demand to fully recover, the IEA said.Opportunities in oil investmentSimonelli said there would be “pockets of opportunity” for investment as the recovery takes place.“It’s going to be different in different locations geographically,” he said. “As we look at the lower cost basins, you look at the Middle East, that’s where you’ll see some of the production increases.”Brazil and Norway could also increase production in the second half of 2021, he added.U.S. shale producers, however, are likely to be “subdued,” he said. “There’s a lot of capital discipline, [and] obviously we’re undergoing an energy transition as well.”He said North America historically would increase volumes quickly, but that could change this time.“We think this will be different, just given the capital discipline and the focus that producers are having on … returns and cash flows and constraining some of the capital inflows,” he said.U.S. West Texas Intermediate futures were up 0.99% at $54.08 on Tuesday afternoon in Asia, while international benchmark Brent crude futures rose 0.89% to trade at $56.85.","news_type":1},"isVote":1,"tweetType":1,"viewCount":996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314380891,"gmtCreate":1612309815413,"gmtModify":1704869543614,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/314380891","repostId":"1113370222","repostType":4,"isVote":1,"tweetType":1,"viewCount":709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314317541,"gmtCreate":1612309789883,"gmtModify":1704869542642,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314317541","repostId":"1121523059","repostType":4,"repost":{"id":"1121523059","kind":"news","pubTimestamp":1612262282,"share":"https://ttm.financial/m/news/1121523059?lang=&edition=fundamental","pubTime":"2021-02-02 18:38","market":"us","language":"en","title":"Ford to invest $1 billion to upgrade South Africa operations","url":"https://stock-news.laohu8.com/highlight/detail?id=1121523059","media":"reuters","summary":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing ","content":"<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.</p>\n<p>The investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.</p>\n<p>“It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.</p>\n<p>The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.</p>\n<p>The expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.</p>\n<p>Ford also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.</p>","source":"ltzww","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford to invest $1 billion to upgrade South Africa operations</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord to invest $1 billion to upgrade South Africa operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 18:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker ...</p>\n\n<a href=\"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c9c7511e646b4f70e751ca585ab218a0","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-ford-motor-safrica/ford-to-invest-1-billion-to-upgrade-south-africa-operations-idUSKBN2A210U?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121523059","content_text":"JOHANNESBURG (Reuters) - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.\nThe investments aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford’s International Market Group.\n“It’s the biggest investment in Ford’s 97-year history in South Africa and one of the largest ever in the local automotive industry,” he told an announcement event.\nThe amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of the administrative capital Pretoria, and $365 million to upgrade tooling at major supplier factories.\nThe expanded production will create 1,200 jobs with Ford in South Africa, increasing the local workforce to 5,500 employees, while adding an estimated 10,000 new jobs across the carmaker’s supplier network.\nFord also aims to make the Silverton plant entirely energy self-sufficient and carbon neutral by 2024, Cavallaro said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312868325,"gmtCreate":1612100076867,"gmtModify":1704867233895,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312868325","repostId":"1130139919","repostType":4,"isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":314389073,"gmtCreate":1612309855092,"gmtModify":1704869544419,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/314389073","repostId":"1109079107","repostType":4,"repost":{"id":"1109079107","kind":"news","pubTimestamp":1612257440,"share":"https://ttm.financial/m/news/1109079107?lang=&edition=fundamental","pubTime":"2021-02-02 17:17","market":"us","language":"en","title":"Oil company Baker Hughes is ‘cautiously optimistic’ on the outlook for energy demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1109079107","media":"cnbc","summary":"KEY POINTSOil services firm Baker Hughes sees energy demand recovering in the second half of 2021, c","content":"<div>\n<p>KEY POINTSOil services firm Baker Hughes sees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said.He noted that some countries are still in coronavirus-related ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/02/oil-company-baker-hughes-is-cautiously-optimistic-on-energy-outlook.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil company Baker Hughes is ‘cautiously optimistic’ on the outlook for energy demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil company Baker Hughes is ‘cautiously optimistic’ on the outlook for energy demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 17:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/02/oil-company-baker-hughes-is-cautiously-optimistic-on-energy-outlook.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSOil services firm Baker Hughes sees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said.He noted that some countries are still in coronavirus-related ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/02/oil-company-baker-hughes-is-cautiously-optimistic-on-energy-outlook.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/76824cd4c5b97eaacdaab63d96995a28","relate_stocks":{"BKR":"贝克休斯"},"source_url":"https://www.cnbc.com/2021/02/02/oil-company-baker-hughes-is-cautiously-optimistic-on-energy-outlook.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1109079107","content_text":"KEY POINTSOil services firm Baker Hughes sees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said.He noted that some countries are still in coronavirus-related lockdowns, which can weigh on fuel sales in the first part of the year.Oil services firmBaker Hughessees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said this week.“We are cautiously optimistic,” he told CNBC’s Steve Sedgwick on Monday.He noted that some countries are still in coronavirus-related lockdowns, which decimated demand in 2020 and can weigh on fuel sales in the first part of the year.However, he expects demand to start recovering in the second half of the year, due to the vaccine rollout and improving economic situation.The chief executive’s views were in line with OPEC’s January report on the oil market, which saidvaccinations provide some “upside optimism,” and that its 2021 forecasts “assume a healthy recovery in economic activities.”The alliance expects global oil demand to increase by 5.9 million barrels per day to an average of 95.9 million bpd.Meanwhile, the International Energy Agencypredicts that world oil demand will recover to 96.6 million bdp this year.It lowered its forecast slightly citing surging Covid cases and fresh lockdowns.While vaccines put fundamentals on a stronger growth trajectory, it will take more time for demand to fully recover, the IEA said.Opportunities in oil investmentSimonelli said there would be “pockets of opportunity” for investment as the recovery takes place.“It’s going to be different in different locations geographically,” he said. “As we look at the lower cost basins, you look at the Middle East, that’s where you’ll see some of the production increases.”Brazil and Norway could also increase production in the second half of 2021, he added.U.S. shale producers, however, are likely to be “subdued,” he said. “There’s a lot of capital discipline, [and] obviously we’re undergoing an energy transition as well.”He said North America historically would increase volumes quickly, but that could change this time.“We think this will be different, just given the capital discipline and the focus that producers are having on … returns and cash flows and constraining some of the capital inflows,” he said.U.S. West Texas Intermediate futures were up 0.99% at $54.08 on Tuesday afternoon in Asia, while international benchmark Brent crude futures rose 0.89% to trade at $56.85.","news_type":1},"isVote":1,"tweetType":1,"viewCount":996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314380891,"gmtCreate":1612309815413,"gmtModify":1704869543614,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/314380891","repostId":"1113370222","repostType":4,"repost":{"id":"1113370222","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.</p>\n<p>Capital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.</p>\n<p>For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.</p>\n<p>“A tough quarter at the end of a tough year,” Looney said in an analyst call.</p>\n<p>At 0920 GMT, BP shares were down 3.5% at 258.9 pence.</p>\n<p>Flagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”</p>\n<p>Oil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.</p>\n<p>Tighter global natural gas markets are expected to further support profits, BP said.</p>\n<p>Adjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.</p>\n<p>BP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.</p>\n<p>Rivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.</p>\n<p>BP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.</p>\n<p>That compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.</p>\n<p>For the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.</p>\n<p>BP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.</p>\n<p>At that debt level, BP plans to start share buybacks.</p>\n<p>BP’s dividend remained at 5.25 cents per share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pandemic drives oil major BP to first loss in a decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPandemic drives oil major BP to first loss in a decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-02 18:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.</p>\n<p>Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.</p>\n<p>Capital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.</p>\n<p>For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.</p>\n<p>“A tough quarter at the end of a tough year,” Looney said in an analyst call.</p>\n<p>At 0920 GMT, BP shares were down 3.5% at 258.9 pence.</p>\n<p>Flagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”</p>\n<p>Oil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.</p>\n<p>Tighter global natural gas markets are expected to further support profits, BP said.</p>\n<p>Adjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.</p>\n<p>BP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.</p>\n<p>Rivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.</p>\n<p>BP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.</p>\n<p>That compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.</p>\n<p>For the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.</p>\n<p>BP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.</p>\n<p>At that debt level, BP plans to start share buybacks.</p>\n<p>BP’s dividend remained at 5.25 cents per share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BP":"英国石油"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113370222","content_text":"LONDON (Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions.\nDespite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener future remained on track. It is aiming to ramp up renewable power generation to 50 gigawatts (GW) by 2030 from 3.3 GW currently, while slashing oil output to reduce greenhouse gas emissions.\nCapital expenditure is set to rise to $13 billion this year, of which $9 billion will still go to oil and gas, $2 billion to low-carbon projects and $2 billion to mobility, Chief Financial Officer Murray Auchincloss said. That compared with a budget of $12 billion in 2020.\nFor the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts’ forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday.\n“A tough quarter at the end of a tough year,” Looney said in an analyst call.\nAt 0920 GMT, BP shares were down 3.5% at 258.9 pence.\nFlagging a weak start to 2021, BP said: “We expect renewed COVID-19 restrictions to have a greater impact on product demand, with January retail volumes down by around 20% year on year, compared with a decline of 11% in the fourth quarter.”\nOil demand is nevertheless expected to recover in 2021, with global inventories expected to return to their five-year average by the middle of the year, Looney told Reuters.\nTighter global natural gas markets are expected to further support profits, BP said.\nAdjusted profit at its downstream - or refining and marketing - business in the fourth quarter collapsed to $126 million, less than a tenth of what it was a year earlier.\nBP’s shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic as well as investor doubts over BP’s ability to successfully carry out its an ambitious plan to shift away from fossil fuels to renewable energy.\nRivals including Royal Dutch Shell and Exxon Mobil have also seen their market values sink in recent months.\nBP’s overall fourth-quarter underlying replacement cost profit, its definition of net income, of $115 million fell short of the $360 million seen in a company-provided poll of analysts.\nThat compared with an $86 million profit in the third quarter and a profit of $2.6 billion a year earlier.\nFor the year, BP reported an underlying loss of $5.69 billion, compared with a profit of $10 billion in 2019.\nBP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment, but the company said it remained on track to reduce it to $35 billion by early 2022.\nAt that debt level, BP plans to start share buybacks.\nBP’s dividend remained at 5.25 cents per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312868325,"gmtCreate":1612100076867,"gmtModify":1704867233895,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312868325","repostId":"1130139919","repostType":4,"isVote":1,"tweetType":1,"viewCount":892,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389353444,"gmtCreate":1612697205488,"gmtModify":1704873552405,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389353444","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314317541,"gmtCreate":1612309789883,"gmtModify":1704869542642,"author":{"id":"3572667252299145","authorId":"3572667252299145","name":"Tingcc","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572667252299145","authorIdStr":"3572667252299145"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314317541","repostId":"1121523059","repostType":4,"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}