Market Chatter: BP to Cut Pipeline Gas Trading Team, Focus More on LNG
Idag, 18:42
Idag, 18:42
12:42 PM EDT, 05/15/2026 (MT Newswires) -- BP (BP) plans to cut its pipeline gas trading team and focus on expanding its liquified natural gas trading, Reuters reported Friday, citing two sources familiar with the matter.
The oil major will lay off about 20 people on the pipeline gas team and fold the remaining workers into its LNG book, the report said, citing the sources.
BP didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 44.10, Change: +0.47, Percent Change: +1.09
Idag, 18:42
12:42 PM EDT, 05/15/2026 (MT Newswires) -- BP (BP) plans to cut its pipeline gas trading team and focus on expanding its liquified natural gas trading, Reuters reported Friday, citing two sources familiar with the matter.
The oil major will lay off about 20 people on the pipeline gas team and fold the remaining workers into its LNG book, the report said, citing the sources.
BP didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 44.10, Change: +0.47, Percent Change: +1.09
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