Roundtable Discussion; The Future of Mineral Sands. Watch the video 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: 510.40
Bid: 509.40
Ask: 509.50
Change: 0.00 (0.00%)
Spread: 0.10 (0.02%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 510.40
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

North Sea Crude-Forties rises on firm demand, Brent delays

Wed, 04th Dec 2013 17:29

* Forties trades at dated Brent plus 65 cents * All Brent December cargoes now delayed * Buchan Alpha platform closed as storm brews * Ekofisk Chilean fixture for December spotted LONDON, Dec 4 (Reuters) - North Sea Forties crude oil tradedhigher on Wednesday as demand remained firm whilst supplycontinued to tighten across the region with further delays toBrent loadings. Traders said that all seven Brent cargoes for December hadnow been pushed off their original loading dates, followingproduction issues. "We are hearing field problems," one said. The last cargo in the schedule - parcel B1207 - will nowload on Jan. 4-6, a second trader said. Taqa, which operates the Brent pipeline system,and some of the fields feeding into Brent, said it could notcomment on daily production fluctuations or any changes topartner production resulting in lower flows through the Brentpipeline. Talisman Sinopec has closed its Buchan Alpha platform in theBritish North Sea ahead of an approaching storm. The floatingplatform contributes fewer than 5,000 barrels of oil per day tothe Forties crude stream. The removal of personnel follows similar moves by BP and Conoco in the Norwegian sector on Tuesday. Buzzard, the biggest contributor to the Fortiesstream, is still unaffected, traders said. Buzzard accounted for 48 percent of Forties output in theweek Nov. 25-Dec. 1, down from 49 percent the week before,according to the latest update on the Forties Pipeline Systemwebsite. Demand to ship North Sea crudes out of northwest Europeremains steady. Trafigura is looking to move 130,000 tonnes ofEkofisk from Teesport to Chile around Dec. 10 on the Majestic,shipping fixtures showed on Wednesday. Also, Repsol has fixed another Forties shipment from HoundPoint to northern Spain for Dec. 9 with the 80,000 tonne Alatau. Mediterranean refiners have been steady buyers of North Seacrudes over the past month as Libyan crude supplies have becomeunreliable. Libya said it expected to reopen all its oil ports on Dec.10 and resume full production about a week after that buttraders and analysts are sceptical this will be achieved. FORTIES * Vitol sold a Forties cargo loading on Dec. 25-27 toTrafigura at dated Brent plus 65 cents. This was up fromTuesday's trade at dated Brent plus 60 cents for Dec. 16-18Forties. * Hetco offered its Dec. 23-25 Forties cargo at dated Brentplus 55 cents, down from its last offer on Tuesday for the samecargo at dated Brent plus 70 cents. EKOFISK * ENI offered its Dec. 23-25 Ekofisk cargo at dated Brentplus $1.50, down from its last offer for the same cargo onTuesday at dated Brent plus $1.55. * The quality premium for December-loading Ekofisk cargoesis 68 cents. SWAPS * Click on for the latest contracts-for-difference. DATABASE

More News
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
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

Read more
27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

Read more
27 Mar 2024 12:47

Ithaca Energy gets bid rights on Eni's UK assets, profit slips

March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.

Read more
27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

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.