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Share Price Information for BP (BP.)

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Share Price: 510.40
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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

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

(Alliance News) - The UK's oil and gas regulator has awarded 24 new exploration licences to 17 separate companies in a move that has been welcomed by a trade body but condemned by climate campaigners.

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1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
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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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