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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 483.00
Bid: 481.65
Ask: 481.80
Change: 0.45 (0.09%)
Spread: 0.15 (0.031%)
Open: 479.30
High: 483.25
Low: 477.30
Prev. Close: 482.55
BP. Live PriceLast checked at -

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Sector movers: London market retreats as mining, oil stocks plummet

Tue, 26th May 2015 13:25

London market slipped back from last week's high as it commenced trading on Tuesday, following a bank holiday weekend, with Greece weighing heavily on investor sentiment.At 16:17 BST, the FTSE 100 was back below the 7,000 mark at 6950.20, down 1.16% or 81.52 points, as natural resources stocks, chiefly mining, minerals and oil companies took a hammering owing to various factors.Mining stocks tumbled as a stronger dollar, uncertain Chinese demand and a reiteration of its bearish stance on commodities, especially copper, by Goldman Sachs dented trading. Additionally, gold prices also took a hit following with the end of Indian seasonal buying and a stronger dollar hitting investor sentiment.Traders in Mumbai reported that Indian gold imports had fallen from an average of 67 tonnes in the week ended 21 April, to an average of six tonnes for the week ended 22 May. It prompted gold to shed as much as $15 or 1.31% in intraday trading in Europe.Miners invariably bore the brunt, with Fresnillo (down 3.8%), Randgold Resources (down 3.31%) and Anglo American (down 2.92%) among the top FTSE 100 fallers. The wider market also saw Evraz (down 4.67%) and Acacia Mining (down 4.07%) witness a sell-off.A downbeat day also saw Rio Tinto (down 1.07%), Glencore (down 1.16%), Lonmin (2.23%), Antofagasta (2.52%), BHP Billiton (down 2.59%), Anglo American (down 2.82%) and Vedanta Resources (2.85%) register losses.Meanwhile, oil and gas stocks were in retreat as oversupply concerns returned to dent industry confidence, while JPMorgan downgraded Soco International (down 0.65%) and Tullow Oil (down 4.17%). Premier Oil (down 3.82%) also among those to take a hit while the blue chips BP (down 1.32%) and Shell ('A' shares down 2.00% / 'B' shares down 2.32%). However, Weir Group (up 3.36%) bucked wider trends with Jefferies giving it a thumbs up.It added that Weir continues to be a stock that is gathering interest with investors, and with last week's US rig count data showing a slowing pace of decline, the broker suspects this will increase further.Top five losers:Industrial Metals & Mining 1,707.77 -83.71 -4.67% Gas, Water & Multiutilities 6,106.21 -108.12 -1.74%Oil & Gas Producers 7,148.08 -123.67 -1.70% Pharmaceuticals & Biotechnology 13,297.93 -224.97 -1.66% Mining 14,021.91 -229.23 -1.61%
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22 Dec 2023 19:54

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:29

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:24

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday.

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22 Dec 2023 19:20

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. (Reporting by Terje Solsvik, editing by Essi Lehto)

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22 Dec 2023 11:00

US offshore wind poised for success next year after turbulent 2023

NEW YORK, Dec 22 (Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.

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20 Dec 2023 18:16

US Gulf of Mexico oil auction is largest since 2015

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.

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20 Dec 2023 17:37

US Gulf of Mexico oil auction raises $382 million in high bids

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised more than $382 million on Wednesday, the highest total for a federal offshore oil and gas auction since 2015.

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20 Dec 2023 17:00

Sustainable Finance Newsletter - This time it's different for US SEC climate rules

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20 Dec 2023 15:36

Shipping container price surge to reverse due to overcapacity -logistics platform

MUMBAI, Dec 20 (Reuters) - Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December due to market overcapacity, the head of an online container logistics platform said on Wednesday.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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19 Dec 2023 20:11

Norwegian Johan Sverdrup crude prices soar on Red Sea shipping issues

LONDON, Dec 19 (Reuters) - Prices for Norway's Johan Sverdrup crude soared on Tuesday, a move traders said could be linked to mounting concerns around the security of crude flows into Europe following maritime attacks by Yemen's Houthis in the Red Sea.

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19 Dec 2023 19:10

US launches Red Sea force as ships reroute to avoid attacks

Crisis is spillover from Israel-Hamas war

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19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

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19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

(Alliance News) - Stock prices in Europe closed higher on Tuesday, after data confirmed that the eurozone is inching closer towards its 2% inflation targets.

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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