London close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read moreCaribbean Tropical Disturbance Hasn't Increased In Strength-NHC
24th Jun 2010 16:37
DOW JONES NEWSWIRES A tropical wave over the western Caribbean Sea continues to produce showers and a few thunderstorms across parts of Hispaniola, Jamaica, Cuba and the Cayman Islands, but it hasn't increased in strength, the National Hurricane Center reported Thursday. However, the odds o
Read moreInterior's Offshore-Drilling Chief:Reviewing BP's Liberty Project
24th Jun 2010 16:36
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The new head of the Interior Department's offshore-drilling agency said he is looking into regulatory approvals of a BP PLC (BP, BP.LN) project to drill in Alaskan waters. Michael Bromwich, the head of the Bureau of Ocean En
Read moreBP: Total Oil Recovered On Wednesday About 16,830 Barrels
24th Jun 2010 16:18
By Brian Baskin Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) saw its oil collection drop on Wednesday, after spending much of the day reinstalling a containment cap on a leaking well in the Gulf of Mexico, the company said in a statement Thursday. BP collected 16,830 barrels of oil, down nea
Read moreSalazar: US Wants To Maintain Moratorium Until Safety Assured
24th Jun 2010 15:47
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar told lawmakers on Thursday that he wants to keep a moratorium on deepwater drilling in place until safety issues are addressed following a two-month old BP PLC (BP, BP.LN) oil-spill disaster.
Read moreMARKET TALK: Shareholders File First Oil Spill Lawsuit Against Anadarko
24th Jun 2010 15:36
[Dow Jones] The legal saga stemming from the Deepwater Horizon oil spill in the Gulf of Mexico is now extending for the first time to one of BP PLC's (BP) partners in the Macondo well: Anadarko Petroleum Corp. (APC). Lawyers representing some of the company's shareholders filed a lawsuit against the
Read moreFTSE 100 movers: Miners decline on double-dip fear
24th Jun 2010 15:17
Recession fears have knocked miners today. Concerns about demand mean that seven out of the top ten fallers are miners. Kazakhmys and ENRC top the fallers. BP continues to decline after further problems with the Deepwater Horizon. However, the lower marine riser package (LMRP) cap containment sy
Read moreOne Key Issue In Deepwater Drilling Battle Could Be Resolved Soon
24th Jun 2010 15:16
By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Predicting the length of the legal fight over the Obama administration's six-month moratorium on deepwater drilling is a difficult endeavor thanks to several variables, but the most pressing issue could be resolved soon. The
Read moreLondon afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Thursday
24th Jun 2010 13:37
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Thursday said the Al Oraiq liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, England, Thursday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a year.
Read moreRefinery Status: Shell Puget Sound CRU At Normal Rates By June 30 -2
24th Jun 2010 13:30
minimal, Co. said April 30. Entire plant is in turnaround. Work began early March. CVR Coffeyville 115.0 New ultra low sulfur gasoline unit will be brought online in 2Q, C
Read moreRefinery Status: Shell Puget Sound CRU At Normal Rates By June 30
24th Jun 2010 13:30
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. Royal Dutch Shell (RDS
Read moreEgypt Mulls Reducing Oil Rigs In Gulf Of Suez After Spill
24th Jun 2010 13:24
By Shereen El Gazzar Of ZAWYA DOW JONES CAIRO (Zawya Dow Jones)--Egypt is studying reducing the number of oil rigs in the Gulf of Suez after a recent oil spill near the shores of the Red Sea city of Hurghada, a major international tourism destination. "We are currently studying reducing
Read moreINVESTMENT LETTERS: Top-Performing Letter Seeks Recovery
24th Jun 2010 12:59
By Peter Brimelow A DOW JONES COLUMN The market may be murky, but one top-performing letter is fully invested regardless - and its success is particularly striking because its predicated on the assumption that things will get better. The Turnaround Letter focuses on stocks that editor Ge
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
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