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: 488.15
Bid: 487.80
Ask: 488.10
Change: 2.90 (0.60%)
Spread: 0.30 (0.062%)
Open: 485.25
High: 488.80
Low: 485.20
Prev. Close: 485.25
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Glencore's Singapore head of oil becomes LNG boss as Mark Catton retires

Tue, 04th Dec 2018 19:06

* Glencore began LNG trading in 2013

* Chin Thean Quek takes over from Mark Catton as LNGdirector

* Nathan Arentz to lead LNG trading team

* Maxim Kolupaev formally made head of crude oil

By Julia Payne and Sabina Zawadzki

LONDON, Dec 4 (Reuters) - Glencore's head of oil inSingapore Chin Thean Quek has become the new director of thecompany's liquefied natural gas (LNG) division after veteranMark Catton retired at the end of October, sources familiar withthe matter said.

The move comes as the commodities trader and miner shakes upits leadership, making way for a younger generation. Anotherlong-time employee, head of copper marketing Telis Mistakidis,is retiring this year and chief executive Ivan Glasenberg saidhe wants to retire by the time he is 65.

Maxim Kolupaev was formally made head of crude oil a fewmonths ago under global head of oil and gas Alex Beard. Kolupaevtook the position after former crude oil head Louis Alvarezretired in 2015.

Glencore is one of the world's biggest oil traders withvolumes of around 4.6 million barrels per day, according to its2018 first half results.

Catton was at Glencore for nearly 30 years and headed up thecompany's Singapore operations for 18 years. In 2015, he movedback to London to revamp the company's LNG business.

Chin Thean Quek, an ex-Goldman Sachs and BP trader, tookover from Catton in Singapore and has added LNG to hisresponsibilities.

Nathan Arentz from the gas trading division will be leadingthe LNG trading team out of London.

A spokesman for Glencore confirmed the moves.

Major global trading firms like Glencore's rivals Vitol,Gunvor and Trafigura have dived into the LNG market where theysee new opportunities for spot trade and in the fastest growingconsumers like China, India and Pakistan.

Glencore first entered the LNG market in 2013 when itpoached Morgan Stanley's team that progressively left.

Catton rebuilt the team, including by bringing in two LNGtraders from Noble Group in 2016.

LNG is part of Glencore's energy portfolio, but represents afraction of its overall business. The company does not discloseits traded LNG volumes.(Reporting By Julia Payne and Sabina Zawadzki; additionalreporting by Dmitry Zhdannikov; editing by David Evans)

More News
3 Nov 2023 17:01

LONDON MARKET CLOSE: Stocks end week mixed on soft US employment data

(Alliance News) - Stock prices in London closed mixed on Friday, as some soft US data seemingly confirmed that the central banks are done with interest rate hikes, at least for now.

Read more
2 Nov 2023 10:19

Berenberg ups BP target but sees greater upside elsewhere

(Sharecast News) - Berenberg has lifted its target price for oil titan BP after this week's third-quarter results, but kept a 'hold' rating, saying it sees more attractive investments elsewhere in the sector.

Read more
2 Nov 2023 10:14

LONDON BROKER RATINGS: Bank of America starts Unite Group with 'buy'

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

Read more
2 Nov 2023 07:43

LONDON BRIEFING: Shell launches USD3.5 billion share buyback

(Alliance News) - Stocks in London are expected to rise on Thursday, following the interest rate decision in the US, with all eyes now on the Bank of England.

Read more
1 Nov 2023 16:35

London close: Stocks rise ahead of US Fed policy decision

(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.

Read more
1 Nov 2023 12:10

JPMorgan Cazenove downgrades BP to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded BP on Wednesday to 'underweight' from 'neutral' and cut the price target to 550p from 615p.

Read more
1 Nov 2023 11:39

LONDON MARKET MIDDAY: Stocks lower in cautious trade before Fed rate

(Alliance News) - Stock prices in London were lower at midday Wednesday, as investors eye two key interest rates from the US Federal Reserve and the Bank of England.

Read more
1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

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

Read more
1 Nov 2023 07:40

LONDON BRIEFING: GSK raises annual guidance following Arexvy launch

(Alliance News) - Stocks in London are called higher on Wednesday, with the main focal point for the day being the upcoming US interest rate decision.

Read more
31 Oct 2023 16:59

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

Read more
31 Oct 2023 15:41

London close: Stocks finish mixed, Rolls-Royce jumps on upgrade

(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.

Read more
31 Oct 2023 11:52

LONDON MARKET MIDDAY: Stocks up despite Eurozone recession fear

(Alliance News) - Stock prices in Europe were higher at midday Tuesday, despite new data adding to fears that the Eurozone may sink into recession.

Read more
31 Oct 2023 08:54

LONDON MARKET OPEN: Stocks rise; BP shares fall on profit miss

(Alliance News) - The FTSE 100 opened in the green on Tuesday, despite a share price fall for BP, one of the index's largest constituents, amid more positive trading sentiment in Europe and the US.

Read more
31 Oct 2023 08:50

TOP NEWS: BP third quarter revenue falls, calls another share buyback

(Alliance News) - BP PLC shares fell early on Tuesday, after the London-based oil major saw underlying replacement profit fall in the third quarter, although it rose at a statutory pretax level, while revenue fell.

Read more
31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

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.