Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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
17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

Read more
17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

Read more
17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

Read more
16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

Read more
16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

Read more
16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

Read more
12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

Read more
8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

Read more
8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

Read more
8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

Read more
8 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms in muted start to week

(Alliance News) - Stock prices in London traded lower at the start of the week, with oil firms weighing on then FTSE 100, as investors look ahead to the week's key inflation prints.

Read more
8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

Read more
6 Jan 2024 12:29

BP investors want oil firm to approach BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant's next boss, Sky News reported on Saturday, citing unidentified sources.

Read more
6 Jan 2024 11:38

BP investors want oil behemoth to target BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday. (Reporting by Devika Nair in Bengaluru; Editing by Jan Harvey)

Read more
4 Jan 2024 16:54

LONDON MARKET CLOSE: Stocks up ahead of US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

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.