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Share Price Information for BP (BP.)

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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: 482.55
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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)))

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HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:29

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:24

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday.

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22 Dec 2023 19:20

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. (Reporting by Terje Solsvik, editing by Essi Lehto)

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22 Dec 2023 11:00

US offshore wind poised for success next year after turbulent 2023

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20 Dec 2023 18:16

US Gulf of Mexico oil auction is largest since 2015

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.

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20 Dec 2023 17:37

US Gulf of Mexico oil auction raises $382 million in high bids

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20 Dec 2023 17:00

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20 Dec 2023 15:36

Shipping container price surge to reverse due to overcapacity -logistics platform

MUMBAI, Dec 20 (Reuters) - Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December due to market overcapacity, the head of an online container logistics platform said on Wednesday.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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19 Dec 2023 20:11

Norwegian Johan Sverdrup crude prices soar on Red Sea shipping issues

LONDON, Dec 19 (Reuters) - Prices for Norway's Johan Sverdrup crude soared on Tuesday, a move traders said could be linked to mounting concerns around the security of crude flows into Europe following maritime attacks by Yemen's Houthis in the Red Sea.

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19 Dec 2023 19:10

US launches Red Sea force as ships reroute to avoid attacks

Crisis is spillover from Israel-Hamas war

*

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19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

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19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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