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Share Price Information for BP (BP.)

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Markets snapshot: Oil wreck, bear stocks, rouble trouble

Mon, 09th Mar 2020 09:58

LONDON, March 9 (Reuters) - A massive oil price collapse
overnight and the fast-spreading coronavirus has led to wild
price swings across global financial markets on Monday, with
some moves as great as 25%.

Those moves came as Saudi Arabia launched a price war with
Russia, sending investors already panicked by the coronavirus
fleeing for safety.

When was the last time oil giants such as BP and
Shell shed one-fourth of their value? Never.

The list below highlights some of the biggest price moves
and their significance:

** Brent crude fell as much as 31.4%, the biggest
daily drop since the first Gulf War

** The yield on 10-year U.S. Treasuries fell
further to a record low of 0.4624%, having halved in just three
sessions

** With swings in yield, markets are now fully pricing in a
rate cut of 75 basis points by the Federal Reserve on March 18

** The 10-year Bund yield fell to a record low of -0.863%

** U.S. stock futures plunged 5% to hit their daily down
limit and halt trading

** London's FTSE 100 shed 8.4% a few minutes after
the open in its worst single-day drop since the financial crisis

** London-listed Shell plunged 23% and BP 29% in their
worst-ever intraday rout

** The Russian rouble is down over 8%, on track for its
worst drop since December 2014, also when oil prices plunged

** The dollar extended its slide in Asia to as low as 102.60
yen, depths not seen since late 2016

** Emerging-market stocks dropped over 4% and the
world's biggest listed entity, Saudi Aramco, traded
below its IPO price for the first time
(Reporting by Thyagaraju Adinarayan and additional reporting by
Marc Jones in London; editing by Larry King)

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(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

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26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

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26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

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26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

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26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

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25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

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23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

Read more
23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

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22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

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22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

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18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

*

Read more
17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

Read more

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