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BP bucks oil industry gloom

Bloomberg BP Plc surprised investors with a slight increase in its dividend, bucking the trend in what has otherwise been a bleak earnings season for Big Oil. In the final set of results for retiring CEO Bob Dudley, the London-based company offered some respite for investors who received nothing but bad news from BP’s peers. Big payouts, whether as dividends ...

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Asian LNG plunges to record low

Bloomberg Asia’s natural gas price plunged to a record low on concerns the spread of the deadly virus that has stricken China will hurt demand already weakened by an unusually mild winter. The Platts Japan/Korea marker, a benchmark for liquefied natural gas (LNG), tumbled to $3.512 per million British thermal units, half the spot market rate in October when the ...

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Danish pension fund offers green product

Bloomberg Denmark’s largest pension fund is offering a new product that gives customers the option of placing retirement savings in climate-focussed investments. PFA’s Climate Plus comprises asset classes from companies working on reducing CO2 emissions, combined with investments in projects such as offshore wind farms and sustainable properties, the fund said. The product, which will be made available to customers ...

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