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Share Price Information for BP (BP.)

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Share Price: 510.10
Bid: 510.00
Ask: 510.20
Change: -0.30 (-0.06%)
Spread: 0.20 (0.039%)
Open: 506.40
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Europe Gasoline/Naphtha-Gasoline cracks slide as crude jumps

Thu, 11th Aug 2016 16:09

LONDON, Aug 11 (Reuters) - Gasoline refining margins innorthwest Europe extended their losses on Thursday, slidingbelow $8 a barrel for the first time since late July, as asupply overhang continued to weigh and as crude prices jumped.

* Europe gasoline exports have been ticking along, but notat a rate high enough to soak up excess supplies, traders said.

* Oil prices rose over 3 percent after comments from theSaudi oil minister about possible action to stabilize pricestriggered a round of buying and the International Energy Agencyforecast crude markets would tighten in the second half of 2016.

* Gasoline stocks independently held in the ARA storage hubfell for a third straight week, dropping more than 5 percent inthe week to Thursday as overseas demand for the motor fuel grew,Dutch consultancy PJK International said.

* Several gasoline tankers left the region in recent daysfor the United States, Mexico, Brazil, and to West and NorthAfrica, PJK's Patrick Kulsen said.

* U.S. gasoline stocks were also down, falling2.8 million barrels last week.

* But gasoline imports to the U.S. East Coast (PADD1) rosesharply last week to 794,000 barrels per day, up nearly 200,000bpd from the previous week.

GASOLINE

* There were no Eurobob trades during the afternoon tradingwindow, but bids came in at $437 a tonne fob ARA, compared witha trade the previous day at $428 a tonne.

* Some 14,000 tonnes traded throughout the day at $422-$439a tonne fob Amsterdam-Rotterdam, compared with $437-$443 atonne. Gunvor and Total sold to Shell and Rolympus.

* Four barges of premium unleaded gasoline traded at$458-$460 a tonne fob ARA, up from $442 a tonne. Rolympus andVitol sold to Total.

* Gasoline barge refining margins fell to $7.45 a barrel,from $9.30 a barrel.

* The September swap stood at around $445.50 a tonne at theclose, up from $433 a tonne.

* Brent crude oil futures were up $1.55 to $45.60 abarrel by 1542 GMT.

* U.S. August RBOB gasoline futures were up 3.27percent at 1.3440 a gallon.

* The U.S. gasoline crack was trading at $13.25 abarrel, up slightly from $13.10 a barrel.

NAPHTHA

* BP sold to Koch at $355 a tonne cif NWE. (Reporting by Ahmad Ghaddar)

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TOP NEWS: BP keeps up pace of share buybacks despite profit decline

(Alliance News) - BP PLC on Tuesday launched a fresh share buyback, despite a drop in first-quarter profit due to lower oil and gas prices and weaker fuels margins.

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Today 08:29

BP profits drop to $2.7 bln, refinery outage offsets higher output

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*

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Today 07:02

BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

(Sharecast News) - BP reported a fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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Shell to exit South Africa's downstream businesses

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*

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1 May 2024 18:30

Sector movers: Oil, Autos drag on FTSE 350

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30 Apr 2024 14:38

UK earnings, trading statements calendar - next 7 days

Wednesday 1 May 
Anexo Group PLCFull Year Results
Cambridge Cognition Holdings PLCFull Year Results
Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
Thursday 2 May 
Endeavour Mining PLCQ1 Results
First Tin PLCTrading Statement
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
Kerry Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
Smurfit Kappa Group PLCTrading Statement
Spectris PLCTrading Statement
Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
Friday 3 May 
InterContinental Hotels Group PLCTrading Statement
Mondi PLCTrading Statement
Trainline PLCFull Year Results
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Arecor Therapeutics PLCFull Year Results
BP PLCQ1 Results
Ebiquity PLCFull Year Results
IWG PLCTrading Statement
Kosmos Energy LtdQ1 Results
MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
Vaalco Energy IncQ1 Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

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BP's gas and renewables boss steps down, as CEO shrinks leadership

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