Tue, 21-Oct-2025

BP CEO Looney resigns over undisclosed relationships

BP CEO Looney resigns over undisclosed relationships

Looney resigned amid allegations of “personal relationships with colleagues.” He failed to fully disclose these relationships as required by the company. Murray Auchincloss, BP’s chief financial officer, has been appointed as interim CEO. BP, the global oil giant, has faced a setback with the unexpected resignation of its CEO, Bernard Looney, amid allegations of “personal … Read more

Support growing to add WTI oil to Brent benchmark to improve liquidity

WTI

LONDON: The UK North Sea has been in a state of perpetual transformation in recent years. As oil majors left the aging basin for less expensive and larger fields across the globe it has been forced to sharply cut costs to compete for investment, Arab News reported. Then the US fracking boom upset global prices. If that … Read more