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Share Price Information for BP (BP.)

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Share Price: 473.10
Bid: 473.05
Ask: 473.15
Change: 2.60 (0.55%)
Spread: 0.10 (0.021%)
Open: 468.40
High: 473.10
Low: 467.30
Prev. Close: 470.50
BP. Live PriceLast checked at -

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North Sea Crude-Forties steady, traders eye potential strike

Fri, 27th Sep 2013 15:59

* Forties unchanged in quiet market * Grangemouth refinery workers vote to strike * Korean shipments should help tighten market LONDON, Sept 27 (Reuters) - North Sea Forties crudedifferentials were unchanged on Friday in a market where theonly offers were withdrawn and traders attempted to assess theimpact of a potential refinery strike. Workers at Petroineos's 210,000 barrels-per-day Grangemouthrefinery have voted in favour of strike action, raising fears ofdisruption to North Sea oil supplies. A walk-out would likely impact throughput at the Kinneilterminal, which processes the oil that comes ashore via theForties Pipeline System (FPS). A spokeswoman for operator BP confirmed that Kinneilrelies on steam from the Grangemouth refinery for its processingtrains, but said she could not comment on the impact of apotential strike. But a two-day strike at Grangemouth in 2008 had asignificant impact on Forties output. "It shut down the pipelineentirely," a trader said. Other traders said that there were already flow restrictionsin place on the FPS due to issues with two of the threeprocessing trains at Kinneil. This restriction is expected tolast until the first week of October, traders said, althoughthis could not be confirmed with BP. As a result, the Buzzard oilfield, the biggest contributorto the Forties stream, has had to pump at around 170,000 bpd allmonth. Its maximum operating capacity is about 200,000 bpd. Any further interruptions to the flow could boost Fortiesdifferentials, which have come under pressure as the price ofRussian Urals, a competing crude, has dropped sharply. Withexport volumes from the Baltic region expected to rise inOctober Urals has weakened to a five-month low. Traders are also waiting to see if all the VLCC shipmentsthat have been provisionally booked to take North Sea crude toAsia in October and November will go ahead. "Mid-October is peak European refinery maintenance so theflows to Korea have helped to tidy a seasonally looser market,"a trader said. FORTIES * There were no trades in the Platts price assessmentwindow. The only offers were withdrawn, a trader said. * With no activity seen, the Forties assessment remains atdated minus 25 cents. SWAPS * Click on for the latest contracts-for-differences. DATABASE

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

Friday 9 February 
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Monday 12 February 
no events scheduled 
Tuesday 13 February 
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Wednesday 14 February 
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Thursday 15 February 
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BP Marsh & Partners PLCex-dividend payment date
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6 Feb 2024 17:39

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(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.

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

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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

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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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