PRESS RELEASE: S&PBulletin: Texas Muni Gas Rating Unaffected By BP Downgrade
18th Jun 2010 15:52
The following is a press release from Standard & Poor's: NEW YORK (Standard & Poor's) June 18, 2010--Standard & Poor's Ratings Services said today that the June 17, 2010 downgrade and CreditWatch placement on BP Corporation North America Inc. (BPNA; A/Watch Neg/A-1) does not affect the rating or ou
Read moreMARKET TALK: BP's CDS, Bonds Hold Steady
18th Jun 2010 15:35
1434 GMT [Dow Jones] Ratings cuts have done little to affect BP's CDS or bonds today. The oil giant's CDS was quoted at 466BP vs 470 BP at Thursday's close and at 458BP earlier today. The price of BP's 5.25% of 2013 note, its most actively traded, is even at 93 ¾, yielding 7.347%, according to Marke
Read moreSPIEF:US Unlikely To Take Excessive Steps On Oil Spill-Statoil
18th Jun 2010 15:21
ST PETERSBURG (Dow Jones)--The U.S. authorities are unlikely to take "excessive and unproductive" regulatory measures, following BP PLC's (BP) oil spill in the Gulf of Mexico, an executive from oil major Statoil ASA (STO) said Friday. "Once the emotions have settled, I think rational measures wi
Read moreMARKET TALK: Spill Diverts Eyes From Focus On Financial Reform
18th Jun 2010 15:19
10:19 (Dow Jones) It appears the White House may be changing its mind on reining in CEO pay. According to The Huffington Post, a measure that would've affirmed SEC's authority to allow investors to have proxy access in controlling executive salaries was stripped earlier this week by the Senate in co
Read moreUSCG Adm. Allen: 25,000 B/D Of Oil Captured From Gulf Leak Thu
18th Jun 2010 15:15
HOUSTON (Dow Jones)--Responders at the site of the mile-deep BP PLC (BP, BP.LN) spill in the Gulf of Mexico captured some 25,000 barrels of oil Thursday, the U.S. government-appointed leader of the response effort said Friday. U.S. Coast Guard Adm. Thad Allen said in a news conference that he wa
Read moreBP Oil Spill Loan Rises To $7B As More Banks Show Support-Source
18th Jun 2010 14:42
By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC's (BP) standby loan has now risen to $7 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 situation said Fr
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
Read moreUPDATE: Moody's Downgrades BP Credit; Cites Rising Spill Costs
18th Jun 2010 14:25
(Adds comments, background.) By Jeffrey Sparshott Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ratings agency Moody's Investors Service Friday downgraded BP PLC's (BP) credit rating three notches as costs and exposure to litigation from the Gulf of Mexico oil spill continue to mount. I
Read moreRefinery Status: Coker Operations At Benecia To Resume Soon -2
18th Jun 2010 14:21
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: Coker Operations At Valero -2-
18th Jun 2010 14:20
Expanded crude gather system 4Q will increase available crude 2010 supplies to refinery by 4Q. MIDWEST BP Toledo, OH 155.0 $400 million upgrade 2012 to start 2010. Valero Me
Read moreRefinery Status: Coker Operations At Valero Benecia To Resume Soon
18th Jun 2010 14:20
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. Feed will be returned
Read moreMARKET TALK: BP Share Price To Remain Volatile - RBS
18th Jun 2010 14:03
1303 GMT [Dow Jones] BP's (BP.LN) share price is likely to remain volatile, with income funds selling and value investors tempted to buy, says Royal Bank of Scotland. Says although the anti-BP rhetoric from the US President may stop, at least for now, uncertainty about the ultimate cost of the oil s
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 14:03
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1303 GMT [Dow Jones] BP's (BP.LN) share price is likely to remain volatile, with income funds selling and value investors tem
Read moreMARKET TALK: BP CDS Tighter After Latest Downgrade
18th Jun 2010 14:00
1252 GMT [Dow Jones] BP's CDS level remain tighter than Thursday's close after Moody's downgraded BP's credit rating. BP's CDS level sat at 458 BP, according to Markit after closing at 470 BP Thursday. BP's CDS levels have moved erratically in recent days, narrowing 144BP yesterday after closing Wed
Read moreMARKETWATCH VIEW: Oil Spill Grows But Biofuel Incentives Shrink
18th Jun 2010 13:41
By Myra P. Saefong A DOW JONES COLUMN U.S. outcry for decreasing dependence on oil has climbed along with the estimates on the size of the giant spill in the Gulf of Mexico, but some of the fuel alternatives that give the nation its best shot at oil independence are threatened with extinctio
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