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Share Price Information for BP (BP.)

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Share Price: 511.40
Bid: 511.30
Ask: 511.40
Change: 7.30 (1.45%)
Spread: 0.10 (0.02%)
Open: 506.10
High: 511.70
Low: 505.30
Prev. Close: 504.10
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U.S. cash crude differentials mixed as crude futures slump

Fri, 02nd Aug 2013 21:35

* Crude futures fall on weak employment data * Brent premium to U.S. crude back above $2/bbl NEW YORK, Aug 1 (Reuters) - Cash crude differentials in theUnited States were mixed on Friday and for the most part littlechanged as crude futures slumped in reaction to disappointingU.S. employment data, traders and brokers said. Brent and U.S. crude futures came under pressure whengovernment data showed fewer jobs were added in the UnitedStates in July than analysts expected, tempering optimism aboutthe economy that had pushed oil prices higher this week. The cash market shrugged off the wider transatlantic spreadbetween Brent and U.S. crude futures, traders said. Brent crude's premium to U.S. crude futures ,also known by the benchmark crude grade, West Texas Intermediate(WTI), ended at $2.01 a barrel based on September contractsettlements after closing at $1.65 on Thursday. The spread onFriday ranged from $1.14 to $2.19. Brent's premium reached $4.01 intraday on Tuesday. Usually, the wider the arbitrage, the more supportive it isfor U.S. cash crude differentials, while a narrower spread oftenpressures differentials. This holds especially true for sweetgrades, which are priced in line with global waterborne crudessuch as Brent. CASH CRUDE TRADES Light Louisiana sweet crude oil for September tradedfrom $4.50 to $5.00 over the September U.S. light sweet crudefutures contract. That range contrasted with Thursday'strades completed from $4.80 to $5.15 over the futures benchmark. Heavy Louisiana sweet traded at $4.50 over thebenchmark futures, slightly stronger after trading on Thursdayat $4.35 over the benchmark. Mars sour crude, a Gulf of Mexico-produced grade, hadSeptember barrels traded at 20 and 30 cents under the futuresbenchmark after trading on Thursday at 20 and 25 cents under thebenchmark. October Mars crude traded on Friday at $1.30 and $1.40 underthe futures benchmark, weaker after trading on Thursday at 95cents under the benchmark. Traders and brokers had expected Mars to be pressured byRoyal Dutch Shell Plc's anticipated work on thesoutheast Texas-to-Louisiana portion of its Houma-to-Houstoncrude oil pipeline this month to finish reversing the line tomove crude oil from Texas into Louisiana. Shell said on Thursday that it shut the line, but did notgive a specific restart date, stating only that the fullyreversed service would be operational by the end of 2013. The work and the reversal of the pipeline limits the marketsavailable to easily send Mars crude. Mars and other Gulf of Mexico sour grades had been supportedby news on July 17 that Shell was shutting down its offshoreAuger production platform for work. Crude from the Augerplatform feeds the Bonito sour stream. Bonito sour traded on Friday at $2.50 over the futuresbenchmark, steady after Thursday's trading at the samedifferential. Eugene Island crude also traded at $2.50 over thefutures benchmark, steady to Thursday's differential. MIDLAND GRADES West Texas Intermediate crude at Midland forSeptember traded at 25 cents under the futures benchmark aftertrading at 20 cents under on Thursday. West Texas Sour crude, also at Midland, had buyerbids pegged at 10 cents under the benchmark, with seller offerssteady at flat to the futures benchmark, where it traded onThursday. CRUDE FUTURES Brent September crude fell 59 cents to settle at$108.95 a barrel. U.S. September crude fell 95 cents tosettle at $106.94 a barrel. (Reporting by Robert Gibbons. Editing by Andre Grenon)

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9 May 2024 15:51

UK dividends calendar - next 7 days

Friday 10 May 
AIB Group PLCdividend payment date
Alpha Group International PLCdividend payment date
Antofagasta PLCdividend payment date
Hammerson PLCdividend payment date
Hunting PLCdividend payment date
International Personal Finance PLCdividend payment date
Invesco Select Trust Global Equity Income PLCdividend payment date
Invesco Select Trust UK Equity PLCdividend payment date
Johnson Service Group PLCdividend payment date
Kerry Group PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Schroder Asian Total Return Inv Co PLCdividend payment date
Schroder European Real Estate Investments Trust PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Serco Group PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Somero Enterprises Incspecial dividend payment date
Taylor Wimpey PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Monday 13 May 
Games Workshop Group PLCdividend payment date
Life Science REIT PLCdividend payment date
Seed Innovations Ltdspecial dividend payment date
Smiths Group PLCdividend payment date
VinaCapital Vietnam Opportunity Fund Ltddividend payment date
Tuesday 14 May 
BlackRock World Mining Trust PLCdividend payment date
Fidelity European Trust PLCdividend payment date
InterContinental Hotels Group PLCdividend payment date
Mondi PLCdividend payment date
OSB Group PLCdividend payment date
Rathbones Group PLCdividend payment date
Uniphar PLCdividend payment date
Wednesday 15 May 
Capital Ltddividend payment date
Grit Real Estate Income Group Ltddividend payment date
Jardine Matheson Holdings Ltddividend payment date
Just Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Thursday 16 May 
abrdn Property Income Trust Ltdex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
Aquila European Renewables PLCex-dividend payment date
Balfour Beatty PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
BP PLCex-dividend payment date
Bunzl PLCex-dividend payment date
Churchill China PLCex-dividend payment date
EJF Investments Ltdex-dividend payment date
Essentra PLCex-dividend payment date
Fevertree Drinks PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
GSK PLCex-dividend payment date
Haleon PLCdividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
Income & Growth VCT PLCex-dividend payment date
Irish Continental Group PLCex-dividend payment date
James Halstead PLCex-dividend payment date
Jarvis Securities PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
M Winkworth PLCdividend payment date
Majedie Investments PLCex-dividend payment date
Manx Financial Group PLCex-dividend payment date
Mercantile Investment Trust PLCdividend payment date
Morgan Sindall Group PLCdividend payment date
Murray Income Trust PLCex-dividend payment date
Ocean Wilsons Holdings Ltdex-dividend payment date
Octopus Renewables Infrastructure Trust PLCex-dividend payment date
PageGroup PLCex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
Princess Private Equity Holding Ltdex-dividend payment date
Property Franchise Group PLCex-dividend payment date
Prudential PLCdividend payment date
RHI Magnesita NVex-dividend payment date
Shell PLCex-dividend payment date
Spectris PLCex-dividend payment date
Supermarket Income REIT PLCdividend payment date
Target Healthcare REIT PLCex-dividend payment date
TClarke PLCex-dividend payment date
Tesco PLCex-dividend payment date
TwentyFour Select Monthly Income Fund Ltdex-dividend payment date
Unilever PLCex-dividend payment date
Vaalco Energy Incex-dividend payment date
Vector Capital PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
  
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9 May 2024 13:53

IN BRIEF: IP Group joins USD111 million financing round for Hysata

IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round. Hysata is developing electrolysers to produce green hydrogen efficiently. It will use the fresh cash to advance product development and expand production capacity at its manufacturing facility in Wollongong, New South Wales, Australia, as it focuses on "reaching gigawatt scale manufacturing". The funding round, which Hysata calls "the largest series B in Australian clean tech history", is led by bp Ventures, part of oil major BP PLC, and private equity firm Templewater Ltd, a spin-off from Investec PLC.

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9 May 2024 10:26

Balfour Beatty says trades in line amid "progress" on pacts

(Alliance News) - Balfour Beatty PLC on Thursday said it has traded in line with expectations so far in 2024, as it makes progress on major deals.

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9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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8 May 2024 13:19

Middle East Crude-Benchmarks fall, snapping two-day streak

SINGAPORE, May 8 (Reuters) - Middle East crude benchmarks Dubai, Oman and Murban fell on Wednesday after rising for consecutive days after Saudi Aramco and ADNOC raised official selling prices (OSPs) for term supplies in June.

8 May 2024 13:06

BP softens tone on 2030 oil output cut to reassure investors

LONDON, May 8 (Reuters) - BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals.

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7 May 2024 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2%

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7 May 2024 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from the US and European markets.

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7 May 2024 16:08

BP profit slides by 40% as refinery outage offsets higher output

First-quarter underlying profit $2.7 bln vs forecast $2.87 bln

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7 May 2024 12:00

LONDON MARKET MIDDAY: Stocks buoyed by local data, strong US equities

(Alliance News) - Stock prices in London were up at midday on Tuesday, boosted by positive local economic data and tracking European equities that were buoyed by strong US stocks performance on Monday.

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7 May 2024 09:09

LONDON MARKET OPEN: Stocks track global equities rise while BP falls

(Alliance News) - Stock prices in London opened up on Tuesday, tracking European markets in reaction to New York stocks extending their rally on weaker US jobs data, while markets reopened in London after a bank holiday on Monday.

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7 May 2024 08:51

TOP NEWS: BP keeps up pace of share buybacks despite profit decline

(Alliance News) - BP PLC on Tuesday launched a fresh share buyback, despite a drop in first-quarter profit due to lower oil and gas prices and weaker fuels margins.

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7 May 2024 07:02

BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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6 May 2024 15:01

Shell to exit South Africa's downstream businesses

CAPE TOWN, May 6 (Reuters) - Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday.

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3 May 2024 13:47

British regulator awards more North Sea oil and gas licences

NSTA awards 31 new licences aimed at boosting output

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