Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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: 471.30
Bid: 471.30
Ask: 471.40
Change: 0.80 (0.17%)
Spread: 0.10 (0.021%)
Open: 468.40
High: 472.45
Low: 467.30
Prev. Close: 470.50
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 products rise as refinery workers strike

Tue, 10th Feb 2015 22:29

* Gulf gasoline partly retreats from gains on refinery unit outages * NY Harbor differentials mixed, gasoline stronger, distillates weaker * RINs credit prices slip NEW YORK, Feb 10 (Reuters) - U.S. Midwest refined oil products strengthenedand added to Monday's gains as reluctant sellers hold on to gasoline, and amidconcerns about the effect on production from an expanding strike called byrefinery workers, said brokers and traders. The differential for Chicago CBOB gasoline for cycle-2 February rose 1.50cents to 2.50 cents over the benchmark March RBOB gasoline futures, afterstrengthening more than five cents after a late surge on Monday. Group Three gasoline rose 1.50 cents to even to the benchmark March RBOBfutures traded on the New York Mercantile Exchange (NYMEX), adding to the halfpenny gain on Monday. Chicago ultra-low sulfur diesel (ULSD) on Tuesday edged up 0.50 cent to 7.50cents under March heating oil futures, while Group ULSD gained a penny to2.50 cents under. At least some of the region's strength was due to the United Steelworkersunion expanding a strike by U.S. refinery workers on Sunday to BP Plc's Whiting, Indiana, refinery and the company's joint-venture refinery with HuskyEnergy in Toledo, Ohio. But some Midwest brokers said the strong gasoline differentials were due torefiners storing gasoline to take advantage going forward of the huge premium ofApril RBOB gasoline futures over the current front-month March. April's premium to March was more than 24 cents on Tuesday,based on settlements. U.S. Gulf Coast cash gasoline differentials retreated on Tuesday, shavingsome of Monday's gains on gasoline-making unit outages at regional refineries,traders said. A4 CBOB, or conventional regular gasoline blendstock formulated for blendingwith 10 percent ethanol, traded at a quarter-cent discount to March RBOBfutures, down 0.75 cent per gallon from Monday's finish, traders said. Conventional M4 gasoline traded at a quarter-cent premium to March RBOBfutures, down half a cent per gallon, traders said. Differentials for both grades rose 2.75 cents per gallon on Monday on newsthat a fluid catalytic cracking unit (FCCU) shut for unplanned repairs onSaturday, and two FCCUs were shut for planned work at ExxonMobil Corp's 502,500 bpd refinery in Baton Rouge, Louisiana. New York Harbor differentials were mixed on Tuesday. F5 RBOB gained 1.50cents to 4.75 cents under March RBOB futures, while M4 conventional gasolinegained half a penny to 1.00 cent under. ULSD in New York fell 0.75 cent to 1.50 cents over March heating oil, andjet fuel eased 0.25 cent to 6.00 cents under. Renewable Identification Number (RIN) credits drifted lower, traders andbrokers said. Ethanol RINs for 2015 compliance year traded at 71.5 to 73 centseach, after trading on Monday at 73 and 73.5 cents. Credits for 2014 traded half a cent lower at 73.5 cents. Biodiesel credits for 2015 traded 2.5 cents lower at 87.5 cents each.Credits for 2014 had sellers' offers notionally pegged about three cents below2015 credits. For more refinery news, please go to Latest day Timing NYMEX Bid Offer Change Contract U.S. GULF COAST <0#P-USG> * Scheduling A4 CBOB gasoline Cycle 10 RBOB -0.50 0.00 -0.75 M4 conventional gasoline Cycle 10 RBOB 0.00 0.50 -0.50 62-grade ULSD * Cycle 9 HO -5.50 -5.00 -0.25 54-grade jet fuel Cycle 10 HO -13.00 -12.00 0.00 Heating oil Cycle 9 HO -20.00 -19.50 -0.25 NEW YORK HARBOR <0#P-NYH> M4 conventional gasoline Prompt RBOB -1.25 -0.75 0.50 Any-Month RBOB -0.75 -0.50 0.25 F5 RBOB Prompt RBOB -5.00 -4.50 1.50 Any-Month RBOB -4.00 -3.50 0.75 ULSD Prompt HO 1.25 1.75 -0.75 Any-Month HO 1.50 2.00 -0.25 Heating oil Prompt HO -6.50 -6.00 -0.25 Any-Month HO -6.50 -6.00 -0.25 Jet fuel Prompt HO -6.25 -5.75 -0.25 Any-Month HO -6.25 -5.75 0.00 MIDWEST <0#P-G3> <0#P-MC> Chicago CBOB gasoline Cycle 2 RBOB 2.25 2.75 1.50 Chicago ULSD Cycle 2 HO -7.75 -7.25 0.50 Group Three gasoline RBOB -0.25 0.25 1.50 Group Three ULSD HO -2.75 -2.25 1.00 (Reporting by Kristen Hays in Houston and Robert Gibbons in New York; Editingby Gunna Dickson)

More News
1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

Read more
30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-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
29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

Read more
29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.

Read more
29 Jan 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.

Read more
29 Jan 2024 08:41

LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

Read more
26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

Read more
26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

Read more
26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

Read more
26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

Read more
26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

Read more
26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

Read more
25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

Read more
23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

Read more
23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

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.