Refinery Status:Exxon Torrance Ops Normal After Unit Snag
15th Jun 2010 15:02
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. A Chevron Corp.(CVX)-o
Read moreUPDATE: Gibbs Says Administration May Seize BP Claims Processing
15th Jun 2010 15:01
(Adds quotes from Gibbs, details.) WASHINGTON (AFP)--U.S. officials Tuesday threatened to take over the claims process for victims of the Gulf oil spill, as it pressured BP Plc (BP) to stop dragging its heels on setting up a multi-billion dollar damages fund. "The best way to prevail on BP i
Read moreNational Grid: LNG Cargo Berths At UK Isle Of Grain Tuesday
15th Jun 2010 14:43
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) said the British Trader liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, southeast England, Tuesday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a y
Read moreExxon To Distance Itself From BP, Shell To Cite Renewable Efforts At Hearing
15th Jun 2010 14:40
By Siobhan Hughes and Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. oil executives, facing a backlash against the entire oil industry as a BP PLC (BP, BP.LN) spill in the Gulf of Mexico persists through an eighth week, on Tuesday will tell Congress that the industry shoul
Read moreSector movers: BSkyB lifts media sector
15th Jun 2010 14:39
The media sector is buzzing after BSkyB rejected a 700p per share offer from Rupert Murdoch's News Corporation but said it would consider at least 800p per share. Shares in the satellite broadcaster are up 18%. NewsCorp, which already owns 39.1% of BSkyB, said it made an initial offer at 675p on 10
Read moreLondon afternoon: British Airways soars on ACAS news
15th Jun 2010 14:35
Shares have largely moved sideways in the afternoon session, with the sharp rise by British Satellite Broadcasting (BSkyB) more than offsetting the loss on BP, which is once again featuring high on traders' sell lists after ratings agency Fitch downgraded the oil giant's credit rating. News Corpora
Read moreMARKET TALK: BP Sinks Before Open Of Wall Street
15th Jun 2010 14:34
1334 GMT [Dow Jones] BP share -2.5% at 347p, falling back into the red around the open of US markets, having traded positively earlier in the session. Traders are attributing the fall to reports that it is lining up a GBP5B fund to help meet costs of the Gulf oil spill. A trader says the figure wou
Read moreMARKETWATCH VIEW: 5 Things To Know Before Obama's Spill Speech
15th Jun 2010 14:13
By Brett Arends A DOW JONES COLUMN President Barack Obama plans to address the nation from the Oval Office on Tuesday night on the Gulf of Mexico oil disaster. Better power up our baloney shields. Here are five things you need to know before you tune in: 1. BP PLC (BP, BP.LN) was
Read more3rd UPDATE: BP Shares Rise Despite Fitch Six-Notch Downgrade
15th Jun 2010 13:52
(Adds CDS movement.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC's (BP) shares traded flat Tuesday despite Fitch Ratings downgrading its long-term issuer default rating to BBB from AA, citing significantly higher estimates for the size of the oil spill in the Gulf
Read moreMARKET TALK: BP's CDS Weakens On Fitch Downgrade
15th Jun 2010 13:47
1243 GMT [Dow Jones] BP's credit default swaps are trading wider after Fitch downgraded the company's long-term credit to BBB from AA. BP's CDS are trading at 470 BP, according to Markit, after closing at 424 BP Monday and 394 BP Friday. Fitch's move marks the steepest downgrade for a AA-rated compa
Read moreBP Lines Up GBP5B Fund To Help Meet Costs Of Gulf Oil Spill
15th Jun 2010 13:31
Dow Jones Newswires BP Plc (BP) was lining up a GBP 5 billion ($7.35 billion) fund to help meet the spiraling costs associated with the Gulf of Mexico oil spill, Sky News reported Tuesday. (This article is provided by NewsCore, which aggregates news from around News Corporation.) (END)
Read moreMARKET TALK: CDX IG14 Widens As Fitch Downgrades BP
15th Jun 2010 13:25
1220 GMT [Dow Jones] The benchmark U.S. credit default swaps index opens wider, hours after Fitch downgraded BP's long-term rating to BBB from AA. BP's ratings cut comes a day after Moody's lowered Greece's sovereign debt rating to Ba1 from A3. The Markit CDX IG14 was trading 1.0 BP wider at 123.5BP
Read moreAT A GLANCE: Fitch Downgrades BP; Lawmakers Slam Safety Record
15th Jun 2010 13:24
LONDON (Dow Jones)--Oil continues to flow into the Gulf of Mexico from BP PLC's (BP) Macondo well, affecting hundreds of miles of coastal beaches and marshes in Louisiana, Mississippi, Alabama and Florida. The spill was triggered by an explosion on April 20 that destroyed the Transocean Ltd. (RIG) d
Read moreObama To Create 'Oil Recovery Czar' -Spokesman
15th Jun 2010 13:19
WASHINGTON (AFP)--President Barack Obama, in his televised speech to the nation Tuesday, will announce the creation of an oil recovery "czar" to oversee progress in siphoning crude from the Gulf of Mexico oil spill, his chief spokesman said. Speaking on ABC television's "Good Morning America" pr
Read moreAtlantic Tropical Disturbance Weakening - NHC
15th Jun 2010 13:08
DOW JONES NEWSWIRES A tropical disturbance located about 1,100 miles east of the Lesser Antilles in the Central Atlantic is weakening Tuesday morning and conditions for tropical cyclone formation are less favorable, The National Hurricane Center reported. "The potential for development has decr
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