'Strong global demand' boosts BP
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High oil prices, combined with surging demand for oil products such as petrol, land BP another jump in profits.
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World oil prices rose on Friday,  boosted by production stoppages due to a severe hurricane in  the Gulf of Mexico and worries that another storm might further  delay imports into the United States.
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THE UAE and Kuwait plan to increase oil production capacity by nearly 3,00,000 bpd and 2,00,000 bpd respectively in the short term in a bid to stabilise the market, which has been rocked by high oil prices touching $53 per barrel prior to the week end.
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World oil prices rose on Friday, boosted by production stoppages due to a severe hurricane in the Gulf of Mexico and worries that another storm might further delay imports into the United States.
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Here's a way to benefit from an increase in the global demand for oil.
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Strong demand for Scotch whisky in the US and Latin America boosts trading at drinks giant Diageo.
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Oil giant BP is reviewing its global operations in response to last year's Texas refinery blast.
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World oil prices rose on Tuesday as  Hurricane Ivan charged toward the oil-rich Gulf of Mexico,  where energy companies had evacuated thousands of offshore  workers and shut some production.
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BP Plc&#39;s oil and gas production rose 11 percent on the year in the third quarter but analysts expect strong earnings for the quarter to be mainly due to runaway oil prices rather than BP&#39;s record in finding oil.
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Oil prices struck a fresh record high  above $47 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Driven by an unprecedented surge in demand, oil prices crossed a long-awaited symbolic milestone.
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Oil soared to another record yesterday on worries that global energy supplies could shrink to critical levels during this winter heating season because of strong growth in demand.
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Saudi Arabia, Kuwait and the United Arab Emirates, which account for almost half of OPEC&#39;s oil output, said they&#39;re committed to boosting capacity to meet soaring demand that has driven prices to a record.
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Oil Giant BP Plc reported bumper  third-quarter profits thanks to high oil prices, but its higher  capital expenditure plans raised some concerns about the size  of future share buybacks.
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World oil prices shot higher on Monday  as companies operating in the U.S. Gulf of Mexico braced for  output disruptions from powerful Hurricane Ivan.
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Oil prices rose for a third day on   Tuesday, climbing back above $64 after a fresh delay to BP's   giant Thunder Horse oilfield in the Gulf of Mexico underscored   the difficulty in meeting future demand growth.
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Oil rose for a third day on Tuesday,   climbing to around $64 after a fresh delay to BP's giant   Thunder Horse oilfield in the Gulf of Mexico underscored the   difficulty in meeting future demand growth.