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Stock Market & Financial Investment News

News Breaks
February 11, 2013
11:38 EDTBP, DOWFreeport LNG signs 20-year liquefaction tolling agreement with BP
Freeport LNG announced that it had entered into a binding 20-year Liquefaction Tolling Agreement with BP (BP) for 4.4 million tons per annum, equivalent to the production capacity of the second train of Freeport LNG's proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. The LTA with BP will commence upon completion of construction of the second liquefaction train, Freeport said. Freeport LNG Expansion is a wholly owned subsidiary of Freeport LNG Development, which has four limited partners, including a wholly owned subsidiary of The Dow Chemical Company (DOW).
News For BP;DOW From The Last 14 Days
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June 19, 2013
05:56 EDTBPEU looking for evidence that oil traders manipulate prices, WSJ reports
The EU is investigating manipulation of benchmarks as part of a probe into whether energy traders skew prices of oil and other fuels for their own financial benefit, reports the Wall Street Journal. Reference Link
June 18, 2013
07:13 EDTBPU.S. oil exports highest in 30 years, Bloomberg reports
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06:04 EDTBPEnergy firms may look to courts over U.S. natural gas exports, Reuters reports
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June 17, 2013
07:35 EDTDOWDow Chemical says main project financing completed for Sadara
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June 14, 2013
08:23 EDTDOWEurope's petrochem industry threatened by U.S. plastics from gas, Reuters says
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08:06 EDTBPLNG trade declined in 2012, FT reports
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June 13, 2013
10:14 EDTDOWChemical makers mixed after DuPont trims guidance
Shares of chemical makers are mixed after one of the companies in the sector, DuPont (DD), provided lower than expected second quarter guidance. WHAT'S NEW: DuPont provided second quarter earnings per share guidance that was below analysts' expectations. The company explained that its agriculture and nutrition and health units had been hurt by unseasonably cool, wet weather in North America and Europe. DuPont now expects its fiscal 2013 earning per share to be at the low end of its previous guidance range of $3.85-$4.05, the company said. PRICE ACTION: In mid-morning trading, DuPont lost 0.4% to $54. OTHERS TO WATCH: Dow Chemical (DOW) was flat at $33.75, Huntsman (HUN) rose 1% to $18 and Ashland (ASH) added 0.2% to $85.67.
07:09 EDTBPU.S. crude oil production surged 14% in 2012, WSJ reports
U.S. crude oil production grew by over 1M barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9M barrels a day, according to the newly released Statistical Review of World Energy, published by BP, reports the Wall Street Journal.Reference Link
06:10 EDTBPOn the Fly: Periodicals Wrap-Up
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June 12, 2013
07:25 EDTDOWDeutsche Bank to host a conference
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June 11, 2013
12:15 EDTBPEIA sees Brent crude to average $102/barrel over 2H, $100/barrel in 2014
In its updated short-term energy outlook, the U.S. Energy Information Administration expects Brent crude oil spot price to average $102 per barrel over 2H, and $100 per barrel in 2014. EIA expects the price of regular gasoline will average $3.53 per gallon over the summer driving season. The annual average regular gasoline retail price is projected to decline from $3.63 per gallon in 2012 to $3.49 per gallon in 2013 and to $3.37 per gallon in 2014. Reference Link
07:38 EDTBPOPEC: Stronger oil demand growth in second half of 2013, Reuters reports
OPEC said the world's oil demand will grow faster in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, reports Reuters. Reference Link
June 10, 2013
07:10 EDTDOWElectric Drive Transportation Association to host annual meeting
2013 EDTA Conference & Annual Meeting is being held in Washington, D.C. on June 10-12.
June 7, 2013
05:59 EDTDOWChemical firms attempt to limit Federal green building codes, Bloomberg reports
Chemical companies are lobbying Congress to limit government use of proposed, tougher green-building codes in the hope that alternative standards may be adopted, reports Bloomberg. The American Chemistry Council and other groups say the standards are veering into the trickier area of health policy and will stigmatize chemicals without providing much benefit. Reference Link

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