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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 466.95
Bid: 466.90
Ask: 467.00
Change: 0.10 (0.02%)
Spread: 0.10 (0.021%)
Open: 466.00
High: 468.10
Low: 465.65
Prev. Close: 466.85
BP. Live PriceLast checked at -

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Sector movers: Oil, mining stocks up but UK political uncertainty weighs on FTSE 100

Tue, 05th May 2015 13:34

Natural resources oriented stocks, including oil, mining and minerals companies, largely traded in positive territory on Tuesday but election jitters weighed on much of the FTSE 100 following the May bank holiday weekend.At 16:03 BST, the blue chip index was down 25.27 points or 0.36% at 6960.68 feeling the weight of a possible hung parliament in wake of the UK general election on 7 May.However, oil and gas stocks, buoyed by an uptick in oil prices, led the way. In a statement, Saudi Aramco - the country's national oil company - said it would be raising its official selling prices (OSPs) for exports to Europe and North America, while holding them at previous levels for Asia.Both leading benchmarks - Brent and WTI - rose on the news as a higher OSP from the world's largest oil exporter is often seen as a sign of rising remand. Brent was trading up 2.62% or $1.74 at $68.19 per barrel while the WTI was up 2.53% or $1.49 at $60.42.Both blue chip oil and gas majors BP (up 1.97%) and Shell ('A' shares up 2.14%, 'B' shares up 1.95%) responded positively to the development, as did the mid-caps led by Tullow Oil (up 3.17%). It resulted in the headline oil and gas producers' index trading up 2.31% or 174.35 points at 7,705.95.Oilfield services, engineering and equipment firms also reflected the positivity with Hunting (up 5.09%), Wood Group (up 3.13%), Petrofac (up 1.67%) and Amec (up 1.43%) all in the green. It meant the headline segment index finished up 2.31% or 429.21 points at 19,029.92.While Chinese economic data disappointed, and the Reserve Bank of Australia surprised with a 25 basis-point cut in interest rates to another record low of 2%, selected mining and minerals stock shrugged off the negativity noted during Asian trading.Majors Anglo American (up 0.30%), Rio Tinto (up 0.77%) and BHP Billiton (up 0.37%) marginally reversed the effect of an Australian sell-off in London trading. Glencore, which reported a 9% drop in its copper output for the first quarter, also recovered trading up 0.62% as the close of London market approached.Continuing with the sector shares in Kalimantan Gold rose by over 25% after the mining group confirmed it had received a drilling permit from the Indonesian government. Having secured approval, which is valid for two years, the company will now begin its planned work programme at the Beruang Kanan copper project in Central Kalimantan.Other major beneficiaries of positive sentiment were Lonmin (up 5.46%), Kaz Minerals (up 4.85%) and Fresnillo (up 2.88%) on a good day which did not start all that well for the sector.Top five sectorsOil & Gas Producers 7,705.95 +174.35 +2.31%Oil Equipment, Services & Distribution 19,029.92 +429.21 +2.31%Mining 15,171.29 +214.17 +1.43% Industrial Metals & Mining 1,910.65 +19.70 +1.04% Food & Drug Retailers 3,203.31 +32.54 +1.03%
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23 Dec 2023 12:30

Poland's Orlen files Venture Global LNG arbitration case -Bloomberg News

Dec 23 (Reuters) - Polish oil and gas firm Orlen has lodged an arbitration case against Venture Global LNG which alleges that the U.S. exporter of liquefied natural gas was not honouring a long-term contract, Bloomberg News reported on Saturday.

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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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