Oil Edges Lower After Report Points to Rising US Stockpiles

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Oil Edges Lower After Report Points to Rising US Stockpiles

Oil slipped from its highest level in almost 10 months after an industry report pointed to an increase in U.S. crude stockpiles, taking some of the steam out of a vaccine and stimulus-driven rally. Futures dropped toward $47 a barrel in New York after the …
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BP takes majority stake in carbon offset firm as green push continues

BP has today taken a majority stake in carbon offset firm Finite Carbon as it continues with plans to transition to a low-emission business model. The oil giant is one of several commodities firms buying into the carbon offset sector, banking on the rising price of …
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Burger King promotes independent competitors as Covid-19 restrictions tighten

Burger King is encouraging customers to order from independent competitor brands as many parts of the UK brace for tier three coronavirus restrictions from tomorrow. Announced via the brand’s UK-based social platforms, Burger King said it would be …
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Travis Perkins same-store sales advance

Travis Perkins PLC on Wednesday reported that comparable sales rose in October and November while total sales declined, saying that the end-market trends experienced in the third quarter continued into those two months. The builders merchant–which …
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VW board backs CEO's electric-car focus

BERLIN — Volkswagen AG shares rose more than 5% on Tuesday after the car maker’s top shareholders and union leaders issued a public statement backing Chief Executive Herbert Diess’ strategy to refocus the company on electric vehicles. The decision …
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