The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 482.55
Bid: 482.60
Ask: 482.70
Change: 0.85 (0.18%)
Spread: 0.10 (0.021%)
Open: 479.85
High: 486.50
Low: 479.05
Prev. Close: 482.55
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Canada crude - Whiting coker start-up supports heavy grades

Fri, 15th Nov 2013 00:14

CALGARY, Alberta, Nov 14 (Reuters) - Canadian heavy crudeprices pulled back after hitting a two-week high on Thursday,although losses were expected to be limited after BP Plc started up a new coker at its Whiting, Indiana, refinery.

Western Canada Select heavy blend for December delivery lasttraded at $36.50 per barrel below the West Texas Intermediatebenchmark, according to Shorcan Energy brokers.

That was down from a settlement price of $34.35 per barrelbelow the benchmark on Wednesday, the narrowest differentialsince Oct. 28, but markedly stronger than the 10-month low of$41.50 below WTI hit on Nov. 5.

The 102,000 barrel-per-day (bpd) Whiting coker, which beganthe lengthy start-up process earlier this week but may not reachfull rates until next year, is a milestone in a $4 billionoverhaul of the refinery to allow it to run mostly heavyCanadian crude.

Traders said the coker start-up had helped WCS recoversharply from last week's trough, and losses on Thursday werelikely to be the result of position adjustment in the final daysof the November trading window.

The biggest gains were seen in WCS for January delivery,which strengthened to trade at $29.50 per barrel below WTI.

David Bouckhout, senior commodities strategist at TDSecurities, said WCS prices had also found technical supportafter slipping below $40 per barrel below WTI, which wouldequate to an outright price of around $54.

"BP is what we see as driving the market, as well as purelevels. The outright price for WCS, if it's anywhere from $50 to$60, over the last couple of years that has certainly been apretty big floor for prices," Bouckhout said.

News that Citgo Petroleum Corp partially restarted a crudeunit at its fire-damaged Lemont refinery should also help liftheavy crude prices, he added.

Light synthetic crude from the oil sands for Decemberdelivery weakened slightly to trade at $14.25 per barrel belowWTI, compared with a settlement price of $13.55 below thebenchmark on Wednesday.

More News
10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

Read more
10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

Read more
9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

*

Read more
9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

*

Read more
9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

Read more
9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

Read more
9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

Read more
9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

Read more
9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

Read more
9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

Read more
9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

Read more
9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

Read more
9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

Read more
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.