UPDATE: BP Asks Europe Ops Not To Refuel Iranian Airlines -Sources
5th Jul 2010 19:15
(Adds more background.) LONDON (Dow Jones)--BP PLC (BP, BP.LN) has instructed its European operations not to refuel Iranian airlines after U.S. President Barack Obama signed sanctions targeting Iran's gasoline supplies, people familiar with the matter said Monday. The news about the U.K. oi
Read moreHEARD ON THE STREET: BP May Need Radical Rethink
5th Jul 2010 17:32
By Liam Denning A DOW JONES COLUMN Hopes are rising that BP's first relief well will stop the flow of oil into the Gulf of Mexico earlier than expected. If it does, it might also bring forward the end of something else: BP as we know it. The disaster in the Gulf of Mexico comes after a s
Read moreBP Tells Europe Operations Not To Refuel Iran Airlines-Sources
5th Jul 2010 17:21
LONDON (Dow Jones)--BP PLC (BP) has instructed its European operations not to refuel Iranian airlines after U.S. President Barack Obama signed on sanctions targeting Iran gasoline supplies. The news come after Iranian media said airports in the U.K., Germany and the United Arab Emirates had refu
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read more5th UPDATE: Libya Oil Chief Urges Libyan Stake In BP
5th Jul 2010 16:07
(Recasts lead, adds further comments, details.) By Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--BP PLC (BP) shares rose 5.6% Monday to lead London's FTSE100 index after Libya's top oil official told Zawya Dow Jones his country should buy a strategic stake in the Brit
Read moreUPDATE:BP Oil Spill Loan Inches Up To $9B As More Banks Join-Sources
5th Jul 2010 16:05
(Adds detail, background, comment) By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil company BP PLC's (BP) standby loan has inched up to around $9 billion as more banks join the group of lenders supporting the company against possible claims related to the oil spill in the Gul
Read moreCORRECT: Libyan Oil Chief:Country's SWF Should Buy Stake In BP
5th Jul 2010 15:46
("=4thUPDATE:Libyan Oil Chief:Country's SWF Should Buy Stake In BP," published at 1136 GMT, misstated the name of Libya's National Oil Co. in the second paragraph. The error also appeared in earlier versions of the article published at 0952 GMT, 0905 GMT, 0849 GMT and 0816 GMT. The correct version f
Read moreBP Oil Spill Loan Inches Up To $9B As More Banks Join-Sources
5th Jul 2010 15:42
By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil company BP PLC's (BP) standby loan has inched up to around $9 billion as more banks join the group of lenders supporting the company against possible claims related to the oil spill in the Gulf of Mexico, a person familiar with the
Read moreFTSE 100 movers: Cash injection rumour boosts BP
5th Jul 2010 15:21
BP is strong on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf of Mexico disaster. The cost of the clean-up exceeds $3bn. Educational publisher Pearson has benefited from Royal Ba
Read moreBP: 24,955 Barrels Oil Recovered From Leaking Gulf Well On July 4
5th Jul 2010 15:15
LONDON (Dow Jones)--BP PLC (BP) said Monday the volume of oil recovered from the leaking well in the Gulf of Mexico on July 4 decreased slightly to 24,955 barrels, compared with 25,298 barrels on July 3. Between noon and midnight on July 4, 8,410 barrels of oil were captured and stored aboard th
Read moreLondon afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read moreSector movers: BP leads oil shares higher
5th Jul 2010 14:11
Oil & gas producers are on the rise today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost of the clean-up has now exceeded $3bn.
Read moreMARKET TALK: BP Rises To The Top Of FTSE 100 Gainers
5th Jul 2010 14:06
1306 GMT [Dow Jones] BP (BP.LN) is +4.2% at 335p, rising to the top of the FTSE 100 gainers. It leap-frogs Marks & Spencer (MKS.LN), +2.3% at 341p, which was leading the upside earlier. This follows reports that BP is looking for sizeable investors, likely in the Middle East, to take an investment i
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
5th Jul 2010 14:06
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1306 GMT [Dow Jones] BP (BP.LN) is +4.2% at 335p, rising to the top of the FTSE 100 gainers. It leap-frogs Marks & Spencer
Read moreUPDATE:N Sea Forties Floating Storage Ends As Market Tightens
5th Jul 2010 13:39
(Adds maintenance at Hound Point) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Floating storage of Forties crude oil in supertankers in the North Sea has come to an end as a sharp rise in spot prices prompted destocking, traders and shipbrokers said Monday. The last Very L
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