Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 470.55
Bid: 471.05
Ask: 471.10
Change: -3.35 (-0.71%)
Spread: 0.05 (0.011%)
Open: 474.55
High: 478.50
Low: 470.55
Prev. Close: 473.90
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
9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

Read more
9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

Read more
9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

Read more
9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

Read more
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

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.