CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Incorporated in 1909, BP (formerly known as British Petroleum) is a world-known, multinational oil and gas company. It operates in all areas of oil and gas industry, from exploration and production to refining and distribution. Today the company provides fuel for the transportation industry, energy for heat and light, lubricants for engines, and other petrochemical products.The company operates in two main segments: Upstream and Downstream. The Upstream is responsible for exploration of natural gas and oil, further processing and transportation, while Downstream specialises in the global manufacturing of fuels and petrochemicals.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?