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Share Price Information for BP (BP.)

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Share Price: 515.60
Bid: 515.10
Ask: 515.40
Change: -11.70 (-2.22%)
Spread: 0.30 (0.058%)
Open: 521.70
High: 523.00
Low: 511.90
Prev. Close: 527.30
BP. Live PriceLast checked at -

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Saudi's Al-Falih says many nations willing to join OPEC in crude output cuts

Wed, 19th Oct 2016 10:48

(ShareCast News) - Saudi Arabia's Energy and Industry Minister, Khalid Al-Falih, said many nations are willing to to join OPEC in cutting crude output to achieve an ongoing improvement in prices, according to reports.Speaking at the Oil and Money conference in London on Wednesday, Al-Falih said talks would continue until OPEC's meeting on 30 November in Vienna. He did not name any countries, Bloomberg reported.To date, just Russia has said it was mulling an output freeze or a reduction.However, non-OPEC producers that have previously co-operated with supply curbs, such as Mexico and Norway, have said they would not cut production, the news agency reported.Al-Falih went on to say that the oil market was in a period of re-balancing, and this was bringing an end to a considerable downturn.He said US inventories were declining; supply and demand were coming back into line.The price of crude has wavered at about $50 a barrel as uncertainties linger as to whether OPEC would be able to implement an accord to reduce supply when its members next meet.At about 10:42 BST, West Texas Intermediate crude was trading up 1.51% to $51.05 a barrel, with Brent crude up 1.51% to $52.46 a barrel.At the conference on Tuesday, BP chief executive Bob Dudley said he anticipates crude will trade in the range $50-$60 a barrel next year. He added that BP would break-even at prices slightly below $55 a barrel."Last year we said we needed to balance at $60 and we had a job to get it there ... Next year we will be able to balance south of $55," Dudley said, adding the oil industry was undergoing a profound change, which was for the better."At $100 oil, industry costs drifted up and all kinds of projects looked attractive," he said."At today's prices, we have to maximise efficiency and minimise costs. We have to focus on the highest quality projects and develop them with great capital discipline."
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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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13 Apr 2024 16:52

Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

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12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

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12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

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12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

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12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

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11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

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