BP Share News (BP.)

Soaring L.A. jet prices attract Asian imports

By Rory Carroll SAN FRANCISCO, May 18 (Reuters) - Wholesale jet fuel prices in the Los Angeles market remained high on Monday due to maintenance issues at refineries along the West Coast, prompting shipments from Korea and Japan that are expected to arrive in early June, traders said on Mo

U.S. Cash Products-Gulf gasoline slides on refinery work delay

* Chicago ULSD stronger, most Midwest steady or little changed * NY harbor RBOB slightly weaker, M2 conventional gasoline steady HOUSTON, May 18 (Reuters) - U.S. Gulf Coast cash gasoline differentials slid on Monday as the market absorbed a report from last week that Marathon Petroleum C

London close: Stocks end with small gains but upside limited

London's FTSE 100 managed to finish in the green after a choppy session, though upside was limited by continuing uncertainty in Greece. The Footsie settled 8.38 points higher at 6,968.87, ending well below the intraday high of 7,015.49 but firmly above the intraday low of 6,931.64. While mining sto

UPDATE 2-BP agrees to cut spending on Iraq's Rumaila field after oil price drop

* BP agrees with Iraq to cut development budget on field by $1 bln * Drop in crude prices has hit country's oil revenue hard * Baghdad delays oil contract negotiations as prices rally * Oil majors believe production-sharing contracts unlikely (Adds quotes, details on contracts

BP, Iraq agree to cut spending on Rumaila to $2.5 bln in 2015 - source

DUBAI, May 18 (Reuters) - British oil major BP has agreed with the Iraqi oil ministry to cut this year's expenditure on development work at Rumaila oilfield to $2.5 billion from $3.5 billion, an industry source familiar with the matter said on Monday. Oil companies have proposed millions of

UPDATE 1-Goldman cuts crude outlook and oil company forecasts

* Goldman raises 2015 Brent forecast to $58 from $52 * Cuts 2020 Brent projection to $55 from $70 * Issues sell recommendations on BP and Statoil * Downgrades oil sector outlook to 'cautious' from 'neutral' (Recasts, adds detail, comment) May 18 (Reuters) - Goldman Sachs

Broker tips: BP, Lloyds, BHP Billiton, Weir Group, Bwin.party

Goldman Sachs has cut its stance on the integrated oil sector from 'neutral' to 'cautious' and lowered UK major BP specifically from 'neutral' to 'sell', after reducing its crude price forecasts. "This change is likely to put severe pressure on the integrated oils, leaving them too high on the cost

BP dividend at risk as oil prices weaken, Goldman downgrades to 'sell'

Goldman Sachs has cut its stance on the integrated oil sector from 'neutral' to 'cautious' and lowered UK major BP specifically from 'neutral' to 'sell', after reducing its crude price forecasts. "With shale break-evens falling US$20/bl in a year, and deflation taking hold of the industry, we lower

BROKER RATINGS SUMMARY: Goldman Sachs Cuts BP To Sell From Neutral

LONDON MORNING BRIEFING: BHP Billiton Spin-Off South32 Starts Higher

LONDON MARKET COMMENT: Stocks Close Mixed After Weak US Economic Data

Azeri oil exports down 0.9 pct in Jan-Apr y/y - source

BAKU, May 15 (Reuters) - Azeri oil exports declined 0.9 percent in January-April year-on-year, a source at the State Customs Committee said on Friday. The source, who declined to be identified as he was not authorised to talk to the media, told Reuters Azerbaijan exported 11.12 million tonn

FTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds

The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel. At 3:

Sector movers: Natural resources stocks weigh

London-listed natural resources related stocks took another knock on Friday, as the Chinese economy continued to send mixed signals, Greece weighed on sentiment, and oversupply in the oil markets returned to hound trading. At 15:00 BST, the FTSE 100 was marginally in the red by 0.27% or 18.53 points

UK Oil & Gas Authority Lays Out Plan To Save North Sea Oil Fields