2nd UPDATE: Forties May Stay Strong On Urals, Tightness-Trade
1st Jul 2010 16:28
(Adds possible supply from West Africa) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--North Sea Forties crude oil is likely to stay strong in the short term as healthy refinery demand, strong Russian Urals and tighter supply will continue to provide support, traders said Thursd
Read moreBP In Talks With Cnooc To Sell Pan American Energy Stake -Sky
1st Jul 2010 16:15
LONDON (Dow Jones)--BP PLC (BP.LN) is in talks with Cnooc Ltd. (0883.HK) to sell most of its 60% stake in Argentine oil company Pan American Energy, as it attempts to shore up its finances following the oil spill in the Gulf of Mexico, Sky TV reports Thursday. BP's stake in Pan American Energy i
Read moreEnergy Stocks Drop, Following Oil Prices Lower
1st Jul 2010 16:09
By DOW JONES Oil and gas stocks started the third quarter lower Thursday as disappointing economic data and crude's fall below $73 a barrel weighed on the sector. The NYSE Arca Natural Gas Index led the sector's decline, falling 1.3% to 475.84 points. Natural-gas company Questar Corp.
Read moreUPDATE: Forties May Stay Strong On Urals, Tightness -Trade
1st Jul 2010 16:02
(Adds more comments, a change in Forties quality) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--North Sea Forties crude oil is likely to stay strong in the short term as healthy refinery demand, strong Russian Urals and tighter supply will continue to provide support, traders s
Read moreTurkey Talks To Oil Giants To Reduce Traffic Through Bosporus
1st Jul 2010 15:48
ISTANBUL (AFP)--Turkish officials held talks with oil companies Thursday on ways to reduce growing tanker traffic through the Turkish Straits and lessen the risks posed by congestion in the two waterways. Turkey has long voiced alarm over the environmental and safety threats that maritime traffi
Read moreN Sea Forties Likely To Stay Strong On Urals, Tightness-Trade
1st Jul 2010 15:20
By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--North Sea Forties crude oil is likely to stay strong in the short term as healthy refinery demand, strong Russian Urals and tighter supply will continue to provide support, traders said Thursday. Forties crude oil has been strengthe
Read moreBP: Production Back Online After Hurricane Alex
1st Jul 2010 14:57
HOUSTON (Dow Jones)--BP PLC (BP) said Thursday that production from its western operations in the Gulf of Mexico that had been shut in due to Hurricane Alex is back online. BP and other producers evacuated workers and shut down oil and gas output of some facilities ahead of Alex, which after mak
Read moreRefinery Status -2: Citgo Corpus Christi FCCU Normal After Spike
1st Jul 2010 14:38
MIDWEST BP Toledo, OH 155.0 $400 million upgrade 2012 to start 2010. Valero Memphis, TN 195.0 Fire erupted at a selective hydrogenation unit April 29; it was quickly extinguished.
Read moreRefinery Status: Citgo Corpus Christi FCCU Normal -2-
1st Jul 2010 14:37
Valero Corpus 340.0 West Plant 50,000-b/d FCCU at Christi, TX reduced rates since mid-Dec for economic reasons. Coker Unit at planned rates Jun 25 after weekend restart. The
Read moreRefinery Status: Citgo Corpus Christi FCCU Normal After Spike
1st Jul 2010 14:37
DOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. Citgo Corp. Wednesday
Read moreLondon afternoon: BP rises again
1st Jul 2010 14:37
Leading shares moved sideways over the lunch time session, with the Footsie staying in the red despite a surge by beleaguered oil giant BP. BP is close to emulating the 5% rise it achieved yesterday. The shares have been on a roll ever since JPMorgan Cazenove indulged in what it called "fantasy M&A
Read moreFTSE 100 movers: Investment managers decline
1st Jul 2010 13:57
Footsie remains lower with financials heading the losers. This is because of concerns of a slow-down at Barclays Capital (BarCap) investment management arm. Barclays said BarCap had seen weaker trading conditions in the past two months. Schroders and Investec are also well down on the back of this
Read moreTAKING STOCK: Selling Exhaustion Triggers BP Bounce
1st Jul 2010 12:36
(This article was originally published Wednesday.) By Tomi Kilgore Of DOW JONES NEWSWIRES Sometimes there's no better explanation for why a stock starts to rally than because it just stopped going down. The U.S.-listed shares of BP PLC (BP, BP.LN) have lost half their value since
Read moreAllianz: Gulf Of Mexico Oil Spill Not Seen Resulting In Huge Claims
1st Jul 2010 11:29
FRANKFURT (Dow Jones)--Allianz SE (ALV.XE) doesn't expect substantial claims related to the oil spill in the Gulf of Mexico caused by the Deepwater Horizon oil rig that exploded in April, management board member Clement Booth told investors Thursday. "We don't see it as a major event as far as A
Read moreMARKET TALK: TNK-BP Unlikely To Buy BP Assets - VTB
1st Jul 2010 09:00
0800 GMT [Dow Jones] TNK-BP is unlikely to buy BP (BP)'s assets outside Russia, says VTB. "Considering the company's strong Russian focus, we view any such related party deal as unlikely," says analyst Lev Snykov. Notes that TNK-BP has a solid cash generation and consistent dividend policy, which co
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