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Share Price Information for BP (BP.)

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Share Price: 491.25
Bid: 491.35
Ask: 491.40
Change: -0.05 (-0.01%)
Spread: 0.05 (0.01%)
Open: 492.20
High: 497.10
Low: 491.15
Prev. Close: 491.30
BP. Live PriceLast checked at -

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Sector movers: Oil and gas stocks fall after delays at BG Group

Mon, 09th Sep 2013 18:15

Oil and gas stocks were firmly in the red on Monday as project delays from natural gas giant BG Group and falling crude prices dampened sentiment across the sector.BG, the 13th largest listed company in the UK by market capitalisation, slumped today after scaling back its production guidance for next year by 30,000 barrels of oil equivalents per day (boed) due to delays on the back of the ongoing political and social instability in Egypt and slow progress at its Knarr project in Norway.Meanwhile, it said it would operate fewer rigs in the US due to low natural gas prices, leading to a further 17,000boed negative impact on 2014 volumes.Analysts at Investec said they expected to cut their forecasts for the company by 3-4% on the back of today's update. They said: "Despite strong earnings and cash flow growth, on our current forecasts BG is still trading on a 25% price-to-earnings premium versus the European sector in 2017E."Shares were down 5.62% at 1,210p before the close, its lowest level in two weeks.Oil majors Royal Dutch Shell and BP were also trading in the red this afternoon, along with smaller peers Tullow Oil and Afren.Also weighing on stocks today was a fall in crude with West Texas Intermediate prices pulling back from hitting a two-year high on Friday as the prospect of a potential US military strike on Syria remains up in the air.Furthermore, some reports were citing Lybian officials as having said that oil production from the country had recovered to 600,000 barrels of oil a day.West Texas crude futures for October delivery were down 0.62% at $109.84 a barrel by 16:30 in London, while Brent futures were down 1.12% at $114.82 a barrel.Top performing sectors so far todayTechnology Hardware & Equipment 1,090.48 +2.26%Personal Goods 26,214.22 +1.80%Industrial Metals & Mining 1,563.41 +1.31%Life Insurance 6,155.95 +1.30%Construction & Materials 4,050.09 +0.93%Bottom performing sectors so far todayOil & Gas Producers 7,764.82 -1.44%Food Producers & Processors 6,741.75 -1.15%Industrial Transportation 3,169.97 -0.59%Beverages 14,412.29 -0.53%Electronic & Electrical Equipment 4,177.99 -0.51%BC
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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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19 Dec 2023 13:18

UK warns of deteriorating security in Red Sea, Royal Navy ship joins taskforce

LONDON, Dec 19 (Reuters) - Britain warned that the security situation in the Red Sea was deteriorating and ballistic missile and drone attacks were an increased threat, as it agreed for a Royal Navy Destroyer to join a U.S.-led operation to safeguard commerce in the region.

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19 Dec 2023 11:49

LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.

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19 Dec 2023 08:47

LONDON MARKET OPEN: Stocks rise as investors pin hopes on US rate cuts

(Alliance News) - Stock prices in London opened higher on Tuesday, with sentiment still buoyed by expectations of rate cuts in the US.

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18 Dec 2023 18:18

Red Sea attacks force rerouting of vessels, disrupting supply chains

Houthis launched series of attacks, latest on Monday

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18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $735.50 Varo, Trafigu
Barges (4KT) Glencor ra
Argus e
E5(fob
AR)
Ebob $727 Shell, Varo,
Barges 11KT Exxon Totsa
E10 Argus
(fob AR)
Jan. swap $741.25 $725.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha Jan
(cif NWE) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $8.6 Prev. $9.7
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

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18 Dec 2023 16:55

LONDON MARKET CLOSE: FTSE 100 outperforms European peers

(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.

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18 Dec 2023 12:52

Red Sea attacks force rerouting of vessels, disrupting supply chains

DUBAI, Dec 18 (Reuters) - Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez canal.

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