Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 482.55
Bid: 482.60
Ask: 482.70
Change: 0.85 (0.18%)
Spread: 0.10 (0.021%)
Open: 479.85
High: 486.50
Low: 479.05
Prev. Close: 481.70
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

W. Africa Crude-Angolan clearing on European, Asian distillate demand

Tue, 06th Aug 2019 17:08

LONDON, Aug 6 (Reuters) - Angolan oil traded briskly onTuesday amid robust demand for diesel in Europe and jet fuel inAsia, traders said.

ANGOLA

* Only a handful of crude oil cargoes for loading inSeptember remain.

* Offers for most grades of Angolan crude are up at least 50cents to a dollar compared to last month on stronger demand,especially on demand from Chinese independent refiners.

* Asian jet fuel buyers are paying the highest cash premiumsfor this time of year since 2013 amid a short-term supplyshortage, though the end of the summer holiday period may soondent demand.

* European diesel refining margins have held strong inrecent weeks, ending the week nearly 6% higher, supported byexpectations of lower imports from Russia, before slippingsomewhat under pressure from high stocks.

* Strong European gasoil demand especially buoyed the Nembagrade, which was offered at multi-year highs around a premium of$1.50 compared to dated Brent.

* Glencore was heard to be offering the final cargo of Daliaat a premium of $2.50 compared to dated Brent, down slightlyfrom last week as sellers try to offload their last supplies.

NIGERIA

* A glut of light sweet crude in the Atlantic basin owing toa surge in U.S. exports and homeless North Sea cargoes has sentdifferentials for Nigerian sliding

* Around 15 cargoes of Nigerian crude remain from the Augustloading programme, with the prompt barrels dragging down pricesfor September cargoes yet mostly failing to attract much buyerinterest despite seller mark-downs.

* Two cargoes of prompt-loading Forcados still await abuyer, with buyers holding out for a price well below a premiumof $2 compared to dated Brent - among the lowest values in 2019.

* Bonny Light and Qua Iboe were said to be trading belowdated Brent plus $2.00.

RELATED NEWS

* Global oil major BP is deepening its ties with Indianconglomerate Reliance Industries by forging a fuel retailingjoint venture to capitalise on rising demand in Asia'sthird-biggest economy.

* Australian oil and gas explorer FAR Ltd, which holds astake in licences for oil drilling off the coast of WestAfrica's Guinea-Bissau, said a unit of China National OffshoreOil Corp will take a majority stake in the projects.

(Reporting By Noah Browning; editing by David Evans)))

More News
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
4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

Read more
4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

Read more
4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

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

Read more
4 Jan 2024 08:58

LONDON MARKET OPEN: Next leads buoyant FTSE 100 amid services PMIs

(Alliance News) - Stock prices in London opened up on Thursday, amid a slew of services PMI data, including for the UK, while reacting to the latest data from China.

Read more
3 Jan 2024 18:37

Equinor, BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 17:02

Equinor and BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - Equinor and BP terminated on Wednesday their agreement to sell power to New York state from their 1,260-megawatt Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

Read more
3 Jan 2024 08:18

Chill Brands plots product launches and looks to ease regulatory worry

(Alliance News) - Chill Brands Group PLC on Wednesday said its vape products will soon launch in retail stores, including WH Smith PLC travel locations, and it reported a trio of initiatives to help soothe regulatory scrutiny.

Read more
2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

Read more
29 Dec 2023 13:01

LONDON MARKET CLOSE: UK equities outclassed by other markets in 2023

(Alliance News) - Stock prices in London closed mixed on Friday, the final trading day of 2023, as the annual returns from UK equities were outshone by international markets.

Read more
28 Dec 2023 16:54

LONDON MARKET CLOSE: End of year rally cools as FTSE 100 edges lower

(Alliance News) - Stock prices in London closed mixed on Thursday, the final full trading day of a mixed year, though the FTSE 100 is still on track to deliver a gain of more than 3% for 2023.

Read more
28 Dec 2023 09:02

LONDON MARKET OPEN: China-exposed firms rise as stocks drift higher

(Alliance News) - Stock prices in London opened slightly higher on Thursday, with investors feeling quietly optimistic on the penultimate day of trading for 2023.

Read more
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.

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.