BP Share News (BP.)

PRESS: BP Loses Bid For New Trial On Spill Negligence - Bloomberg

UPDATE 1-U.S. judge upholds BP 'gross negligence' Gulf spill ruling

(Adds company response) By Jonathan Stempel Nov 13 (Reuters) - A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent." The decision by

U.S. judge upholds BP 'gross negligence' Gulf spill ruling

By Jonathan Stempel Nov 13 (Reuters) - A judge weighing how much BP Plc should be punished over the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent." The decision by U.S. District Judge Carl Barbier i

Sector movers: Oil stocks slide as Brent crude extends four-year lows

A sharp drop in the price of Brent crude to below $80 a barrel sent oil stocks lower on Thursday, with oil prices now at their lowest levels in over four years. Tullow Oil was among the worst performers as a string of brokerages cut their target prices for the stock. 'Big Oil' group Royal Dutch She

Russia's Rosneft considers selling Saratov refinery - paper

MOSCOW, Nov 13 (Reuters) - Rosneft, Russia's top oil producer, is considering selling its Saratov refinery, Kommersant daily newspaper reported on Thursday. The Saratov plant, which has a refining capacity of 6.8 million tonnes of oil a year, became part of Rosneft last year, after the comp

UPDATE 1-Thunderhorse oil field trades hit 9-month high on supply issues- traders

(Adds details from earnings call, BP spokesman) NEW YORK, Nov 12 (Reuters) - Maintenance at BP Plc 's offshore Thunder Horse oil field facility has pushed trades for that crude to a nine-month high, three trading sources said on Wednesday. Thunder Horse for December delivery

Supply issues on Thunderhorse oil field bids trades to 9-month high -traders

NEW YORK, Nov 12 (Reuters) - Unspecified supply issues from the offshore Thunder Horse crude oil field has pushed trades to a nine-month high, three trading sources said. Thunder Horse for December delivery traded as high as $5.00 a barrel over U.S. crude. Three weeks ago, the off

European refiners get early Christmas as Americas demand boosts margins

By Libby George LONDON, Nov 12 (Reuters) - Refinery problems in the Americas are drawing European gasoline cargoes across the Atlantic, providing timely support to refining margins that had been expected to fall at the end of the maintenance season. This could give the region's oil ma

UK BROKER RATINGS: Barclays And UBS Cut Aberdeen Asset Management

Norway's Skarv outage to cut reduce gas output further, duration uncertain

OSLO, Nov 12 (Reuters) - An outage at BP's Skarv field will cut Norway's gas output by 10.9 million cubic metres (mcm) per day on Wednesday and Thursday, the country's gas system operator Gassco said. Gas output from the field off Norway was previously expected to be cut by 9.9 mcm/day on W

Wednesday broker round-up UPDATE

Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.

MARKET COMMENT: London Closes Higher As Oil Hits Four-Year Low

Sector movers: Oil and mining stocks track commodities lower, Brent drops

A sell-off across the commodities market on Tuesday meant that the oil and mining sectors were the worst performers on London's stock market, as falling crude and metal prices prompted concerns about companies' bottom lines. Stocks such as Tullow Oil, BG Group, Afren, Premier Oil, Shell and BP were

UK MIDDAY BRIEFING: Vodafone's 4G Investments Start To Pay

UK WINNERS & LOSERS: Vodafone Gains As It Narrows Guidance