George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 524.80
Bid: 525.20
Ask: 525.30
Change: -1.50 (-0.29%)
Spread: 0.10 (0.019%)
Open: 529.30
High: 530.70
Low: 522.30
Prev. Close: 526.30
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

U.S. Cash Products-Midwest gasoline surges on BP Indiana refinery outage

Tue, 11th Aug 2015 17:52

* Gulf gasoline rises on expected Midwest demand * NY Harbor gasoline grades steady, supported by Bayway refinery problem HOUSTON, Aug 11 (Reuters) - Midwest gasoline jumped sharply on Tuesday, withChicago's differential surging 45 cents to 60 cents a gallon above benchmarkfutures, and with Group Three also posting a second day of sharp gains on theshut crude unit at BP's refinery in Whiting, Indiana, brokers said. Chicago cash CBOB gasoline for cycle-2 August barrels traded at 35, 40 andthen as strong as 60 cents a gallon above the September RBOB futures benchmark,after gaining 17 cents on Monday to trade as strong as 15 cents above futures. Group Three gasoline traded at 17.50 cents above September futures, up 14cents from Monday. Ultra-low sulfur diesel (ULSD) posted more modest gains, up eight cents inChicago at 9.00 cents a gallon above September ULSD futures. Group ThreeULSD was pegged only a penny stronger around 2.00 cents above the benchmark. BP Plc expects to restart the largest crude distillation unit at its413,500-barrel-per-day (bpd) Indiana refinery between Aug. 19 and Aug. 22,according to sources familiar with the refinery's plans. The unit shut onSaturday. Adding to the region's tight supply picture, Marathon Petroleum hasshut a catalytic reformer at its 210,000 barrel-per-day refinery in Robinson,Illinois, as part of planned maintenance that could last up to 10 weeks. The sharp spike in Midwest differentials helped boost U.S. Gulf Coastwholesale gasoline on anticipated stronger demand in its neighboring markets tothe north, traders said. A2 CBOB, or conventional regular gasoline blendstock formulated for blendingwith 10 percent ethanol, traded at 9.00-cent, 8.50-cent, 8.00-cent and 7.50-centdiscounts to September RBOB futures, 1.75 cents per gallon higher. Conventional M2 gasoline swung to a half-cent premium to futures, up 2.50cents per gallon, traders said. Gulf heating oil climbed 2.50 cents per gallon to a 21.00-cent discount toSeptember ULSD futures as its latest five-day lifting cycle was scheduled tomove on the Colonial Pipeline, traders said. New York Harbor gasoline was steady, but supported by its own region'srefinery issues. F2 RBOB had sellers asking 6.00 cents above September RBOB forprompt supply and M2 gasoline was pegged at 1.00 cent or 1.25 cents above fornearby cycles on Colonial's pipeline, brokers said. Phillips 66 will keep a powerformer unit, which produces productsused in blending gasoline, shut for "weeks" at its 238,000-bpd Bayway refineryin Linden, New Jersey, according to a person who is familiar with the plant'soperations. Distillates were mixed in the Harbor. Ethanol Renewable Identification Number (RIN) credits for 2015 traded at 39and 40 cents each, weakening during the day, brokers said. Credits for 2014 hadsellers asking 41 cents and buyers bidding 39.5 cents each. Biodiesel credits for 2015 traded at 67.5 cents each, the lower end ofMonday's trading range. No trades or quotes were heard for 2014 credits. For more refinery news, please go to Latest day Timing NYMEX Bid Offer Change Contract U.S. GULF COAST <0#P-USG> * Scheduling A2 CBOB gasoline Cycle 46 RBOB -7.75 -7.25 1.75 M2 conventional gasoline Cycle 46 RBOB 0.25 0.75 2.50 62-grade ULSD Cycle 45 HO -6.75 -6.25 0.00 54-grade jet fuel Cycle 45 HO -13.25 -12.25 0.75 Heating oil * Cycle 44 HO -21/25 -20.75 2.50 NEW YORK HARBOR <0#P-NYH> M4 conventional gasoline Prompt RBOB 1.00 1.50 0.00 F4 RBOB Prompt RBOB 5.50 6.00 0.00 ULSD Prompt HO -0.50 0.00 0.75 Heating oil Prompt HO -14.75 -14.25 0.50 Jet fuel Prompt HO -7.50 -7.00 -0.25 MIDWEST <0#P-G3> <0#P-MC> Chicago CBOB gasoline Cycle 2 RBOB 59.25 60.25 45.00 Chicago ULSD Cycle 2 HO 8.75 9.25 8.00 Group Three gasoline RBOB 17.25 17.75 14.00 Group Three ULSD HO 1.50 2.50 1.00 (Reporting by Kristen Hays in Houston and Robert Gibbons and Chris Prentice inNew York; Editing by James Dalgleish)

More News
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

Read more
27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

Read more
27 Mar 2024 12:47

Ithaca Energy gets bid rights on Eni's UK assets, profit slips

March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.

Read more
27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
27 Mar 2024 08:31

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

Read more
21 Mar 2024 15:00

UK dividends calendar - next 7 days

Friday 22 March 
easyJet PLCdividend payment date
FRP Advisory Group PLCdividend payment date
Gulf Investment Fund PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
Hercules Site Services PLCdividend payment date
Impax Asset Management Group PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Mattioli Woods PLCdividend payment date
Mobeus Income & Growth 2 VCT PLCdividend payment date
Mobeus Income & Growth 4 VCT PLCdividend payment date
Ramsdens Holdings PLCdividend payment date
Riverstone Credit Opportunities Income PLCdividend payment date
Ruffer Investment Co Ltddividend payment date
Samuel Heath & Sons PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Unilever PLCdividend payment date
Monday 25 March 
AstraZeneca PLCdividend payment date
Endeavour Mining PLCdividend payment date
Mountview Estates PLCdividend payment date
Shell PLCdividend payment date
Tuesday 26 March 
no events scheduled 
Wednesday 27 March 
abrdn Diversified Income & Growth PLCdividend payment date
Thursday 28 March 
Alliance Trust PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Berkeley Group Holdings PLCdividend payment date
BHP Group Ltddividend payment date
BlackRock Energy & Resources Inc Trust PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCdividend payment date
BP PLCdividend payment date
City of London Investment Group PLCdividend payment date
Crown Place VCT PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Genus PLCdividend payment date
Hargreaves Lansdown PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Idox PLCex-dividend payment date
Imperial Brands PLCdividend payment date
Melrose Industries PLCex-dividend payment date
Mid Wynd International Investment Trust PLCdividend payment date
Moneysupermarket.com Group PLCex-dividend payment date
NextEnergy Solar Fund Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCdividend payment date
Personal Group Holdings PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Quartix Technologies PLCex-dividend payment date
Renewables Infrastructure Group Ltddividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Smith & Nephew PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Thames Ventures VCT 2 DSO 1 D PLCdividend payment date
Travis Perkins PLCex-dividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Vaalco Energy Incdividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Volution Group PLCex-dividend payment date
Wynnstay Group PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
19 Mar 2024 16:57

LONDON MARKET CLOSE: European large-caps rise on eve of Fed decision

(Alliance News) - Blue-chip stock prices in Europe closed higher on Tuesday, showing little signs of nerves ahead of Wednesday's Federal Reserve decision and UK inflation reading.

Read more
19 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

(Alliance News) - Stock prices in London were down at midday on Tuesday, as investors sat on their hands ahead of interest rate decisions from the UK and US.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.