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: 481.50
Bid: 481.50
Ask: 481.55
Change: -1.05 (-0.22%)
Spread: 0.05 (0.01%)
Open: 479.30
High: 483.25
Low: 477.30
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

Europe Distillates-Diesel gains on French refinery strikes

Mon, 16th Dec 2013 17:46

By Ron Bousso

LONDON, Dec 16 (Reuters) - Diesel barge differentials innorthwest Europe rose on Monday, supported by uncertainty over astring of refinery strikes in France that threatened to tightensupplies.

Demand nevertheless remained meagre as oil majors offeredlarge volumes throughout the day with little buying interest,according to traders.

"There's no real demand on 10 ppm (particles per million) or50 ppm. It's quiet from end-users but some traders areinterested," one trader said.

Diesel barge and cargo differentials rose by around $1.50during morning trade as five of Total's Frenchrefineries remained shut due to strikes.

Unions at several of the refineries agreed later in the dayto end the strike, but the hardline CGT union did not announceits decision before the end of trading.

A similar picture appeared in the Mediterranean. Refineriesoperating at near-minimum rates have been unable to boost profitmargins as demand was thin, trader said.

Gasoil stocks at the Amsterdam-Rotterdam-Antwerp andFlushing storage hub fell by 2.5 percent to above 2.55 tonnes inthe week ended Dec. 6, data from research company Genscapeshowed.

Traders were assessing the impact of BP's rare tenderissued on Friday to buy 300,000 to 420,000 tonnes of diesel permonth in 2014 in northern Europe.

The tender was for delivery on a cost-insurance-freight(cif) basis and closes at the end of next week, according totraders.

Over the past weeks, Russian producers Rosneft and Lukoilsold diesel for next-year delivery at tenders at premiums oftendescribed by traders as unusually strong.

"BP is a large cif spot diesel buyer. This term tender isunusual and it looks like a move to assess how cif term pricescompare with cif spot because spot prices for next year lookaggressive," one trader said.

GASOIL

* No barges of 0.1 percent gasoil traded, with bid/offerscoming at a strong spread of minus $4 to minus $1 a tonne fobARA below the January ICE gasoil futures.

* Three barges of 50 particles per million (ppm) heating oiltraded at $4 a tonne fob ARA above the January gasoil futures.AST sold to Cargill.

* At 1700 GMT the January ICE gasoil futures contract was up $14.00 at $931.75 a tonne.

* The ICE gasoil crack was at $14.60 a barrel,down 35 cents from Friday.

* The January and February ICE gasoil futures contracts were in a small backwardation of 75 cents a tonne.

DIESEL

* Three barges of diesel traded at $15 a tonne fob ARA abovethe January gasoil futures. Gunvor and Shell sold to TPR.

JET FUEL

* BP sold to Shell the two barges that traded at $69 a tonnefob ARA above the January gasoil futures.

* No cargoes traded. BP bid for three cargoes, while Vitoloffered three, including one at $73 a tonne above Februarygasoil futures.

FUEL OIL

* Barges of low-sulphur fuel oil (LSFO) with 1 percentsulphur content traded at $606-$607 a tonne fob ARA.

* Barges of high-sulphur fuel oil (HSFO) with 3.5 percentsulphur content traded at $579-$581.50 a tonne fob ARA, up from$573-$575 a tonne on Friday.

More News
6 Jan 2024 11:38

BP investors want oil behemoth to target BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday. (Reporting by Devika Nair in Bengaluru; Editing by Jan Harvey)

Read more
4 Jan 2024 16:54

LONDON MARKET CLOSE: Stocks up ahead of US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

Read more
4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

Read more
4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

Read more
4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
4 Jan 2024 08:58

LONDON MARKET OPEN: Next leads buoyant FTSE 100 amid services PMIs

(Alliance News) - Stock prices in London opened up on Thursday, amid a slew of services PMI data, including for the UK, while reacting to the latest data from China.

Read more
3 Jan 2024 18:37

Equinor, BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 17:02

Equinor and BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - Equinor and BP terminated on Wednesday their agreement to sell power to New York state from their 1,260-megawatt Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

Read more
3 Jan 2024 08:18

Chill Brands plots product launches and looks to ease regulatory worry

(Alliance News) - Chill Brands Group PLC on Wednesday said its vape products will soon launch in retail stores, including WH Smith PLC travel locations, and it reported a trio of initiatives to help soothe regulatory scrutiny.

Read more
2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

Read more
29 Dec 2023 13:01

LONDON MARKET CLOSE: UK equities outclassed by other markets in 2023

(Alliance News) - Stock prices in London closed mixed on Friday, the final trading day of 2023, as the annual returns from UK equities were outshone by international markets.

Read more
28 Dec 2023 16:54

LONDON MARKET CLOSE: End of year rally cools as FTSE 100 edges lower

(Alliance News) - Stock prices in London closed mixed on Thursday, the final full trading day of a mixed year, though the FTSE 100 is still on track to deliver a gain of more than 3% for 2023.

Read more
28 Dec 2023 09:02

LONDON MARKET OPEN: China-exposed firms rise as stocks drift higher

(Alliance News) - Stock prices in London opened slightly higher on Thursday, with investors feeling quietly optimistic on the penultimate day of trading for 2023.

Read more
23 Dec 2023 12:30

Poland's Orlen files Venture Global LNG arbitration case -Bloomberg News

Dec 23 (Reuters) - Polish oil and gas firm Orlen has lodged an arbitration case against Venture Global LNG which alleges that the U.S. exporter of liquefied natural gas was not honouring a long-term contract, Bloomberg News reported on Saturday.

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.