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FTSE 100 movers: Oil stocks gain as crude prices rebound

Fri, 19th Dec 2014 14:25

Oil and gas stocks were advancing on Friday after a strong rebound in crude prices, with Tullow Oil, BP, Shell and BG Group putting in decent gains.Brent futures were up 2.7% at $60.85 a barrel on the back of optimistic comments about future demand from Saudi Arabia's oil minister. The price dropped to $59.27 a barrel on Thursday, its lowest level since May 2009.Supermarket peers Tesco, WM Morrison and J Sainsbury were also on the rise, extending gains made over the past few sessions.Power generator and retailer SSE was in the red after admitting it has not won all the generation business it wanted in a UK energy generation capacity auction.Broadband and pay-TV giant Sky was lower after Westhouse Securities downgraded its rating on the stock from 'add' to 'neutral', saying that the shares are "fully valued following a good run".Technology firm Smiths Group was also out of favour after revealing that its long-running boss Philip Bowman will step down at the end of 2015.FTSE 100 - RisersTullow Oil (TLW) 415.90p +4.76%Tesco (TSCO) 183.50p +4.38%Randgold Resources Ltd. (RRS) 4,349.00p +2.47%Morrison (Wm) Supermarkets (MRW) 174.00p +2.35%Dixons Carphone (DC.) 457.90p +2.19%BP (BP.) 410.20p +1.90%Persimmon (PSN) 1,564.00p +1.89%3i Group (III) 444.40p +1.83%Aviva (AV.) 489.30p +1.81%Antofagasta (ANTO) 735.00p +1.80%FTSE 100 - FallersOld Mutual (OML) 185.90p -2.11%TUI AG Reg Shs (Post- 16/12/14)(DI) (TUIJ) 1,088.00p -1.89%Aberdeen Asset Management (ADN) 423.70p -1.78%CRH (CRH) 1,507.00p -1.70%Next (NXT) 6,450.00p -1.68%Smiths Group (SMIN) 1,068.00p -1.66%SSE (SSE) 1,621.00p -1.64%Shire Plc (SHP) 4,605.00p -1.64%Sky (SKY) 885.50p -1.61%Johnson Matthey (JMAT) 3,312.00p -1.37%
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25 Jan 2022 17:05

LONDON MARKET CLOSE: Europe follows NY rebound but Fed jitters linger

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25 Jan 2022 09:47

Capricorn Energy's Egyptian acquisition exceeding expectations

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25 Jan 2022 00:01

UK government commits 32 mln pounds for floating wind projects

By Nina ChestneyLONDON, Jan 25 (Reuters) - The British government said on Tuesday it will commit nearly 32 million pounds ($42 million) to fund the development of floating offshore wind projects to help lessen its dependence on gas, the price of w...

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24 Jan 2022 21:23

Lyondell Houston oil refinery sale in focus ahead of investor call

By Erwin SebaHOUSTON, Jan 24 (Reuters) - Chances for a quick sale of LyondellBasell Industries' Houston oil refinery are dwindling with several other refineries competing for buyers, said people familiar with the matter on Monday.The petrochemical...

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21 Jan 2022 19:17

UPDATE 1-Royal Dutch no more - Shell officially changes name

(Adds details, background)By Ron BoussoLONDON, Jan 21 (Reuters) - Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its h...

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21 Jan 2022 18:48

Shell officially drops Royal Dutch from name

LONDON, Jan 21 (Reuters) - Shell said on Friday it has officially changed its name from Royal Dutch Shell Plc to Shell Plc as part of its plan to scrap its dual share structure and move its head office from the Netherlands to Britain."Shell annou...

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21 Jan 2022 09:38

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

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21 Jan 2022 08:30

UPDATE 6-Oil majors TotalEnergies and Chevron withdraw from Myanmar

* Another example of Western firms leaving after coup* Had talked with French, U.S. about targeted sanctions* Was not possible to implement them* Sees junta as here to stay (Adds comment by TotalEnergies, details, bullet points)By Benjamin Mallet an...

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21 Jan 2022 08:30

UPDATE 5-Oil majors TotalEnergies and Chevron withdraw from Myanmar

(Adds PTTEP's reaction, Shell)By Benjamin Mallet and Florence TanPARIS, Jan 21 (Reuters) - Oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, said on Friday they were withdrawing from the country, citing the wor...

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20 Jan 2022 20:34

Mexico's Pemex says closes acquisition of Deer Park refinery

MEXICO CITY, Jan 20 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) on Thursday said it had finalized the complete acquisition of the Deer Park refinery in Texas from Royal Dutch Shell, its longstanding partner at the facility.Pe...

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20 Jan 2022 19:21

UPDATE 3-Shell to supply crude to Pemex's Texas refinery under long-term pact

* Formal handover completed and new directors installed* Mexico to receive up to 230,000 bpd of gasoline, fuels (Adds transfer boosts Pemex in negotiations with suppliers)By Adriana Barrera and Ana Isabel MartinezMEXICO CITY/HOUSTON, Jan 20 (Reuters...

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20 Jan 2022 19:21

UPDATE 2-Shell to supply crude to Pemex's Texas refinery under long-term pact

* Formal handover completed and new directors installed* Mexico to receive up to 230,000 bpd of gasoline, fuels (Adds statements by Shell, Pemex confirming agreement)By Adriana Barrera and Ana Isabel MartinezMEXICO CITY/HOUSTON, Jan 20 (Reuters) - M...

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20 Jan 2022 17:45

Shell, UK regulators revive talks on North Sea gas field development

By Ron Bousso and Dmitry ZhdannikovLONDON, Jan 20 (Reuters) - Royal Dutch Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices, company a...

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20 Jan 2022 17:26

Pemex taking control of Texas refinery on Thursday, sources say

MEXICO CITY, Jan 20 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) will on Thursday take control of the Deer Park refinery in Texas, after concluding the purchase of Royal Dutch Shell's half of that plant, two people familiar wi...

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20 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 down as BP, Shell and AB Foods weigh

LONDON MARKET CLOSE: FTSE 100 down as BP, Shell and AB Foods weigh

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