New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 27, 2014
06:20 EDTBPBP, Rosneft sign $1.5B oil deal
Rosneft and BP Oil International Limited signed a set of agreements designed to organize long-term deliveries of oil products and oil on a pre-paid basis. The terms of transaction provide for export deliveries of oil products with possible substitution with oil of up to 12 million tons within 5 years in bulk on a pre-paid basis in an amount of not less than $1.5B. A number of world's leading financial institutions participated in the organization of advanced payment. The price will be calculated by the formula similar to the one used by the company when selling oil and oil products under regular annual tenders. Contractual deliveries may start as early as July. Period of validity of agreements meets interests of Rosneft in conclusion of long-term transactions with heavy consumers, and allows to effectively carry out long-term planning of the deliveries. Commenting on the signing of the document President, Chairman of the Management Board Igor Sechin said: "Rosneft extends and strengthens its mutually beneficial cooperation with BP. This transaction opens up new opportunities for both companies: it provides BP with stable supply chain and guaranteed quality of oil products and allows Rosneft to support high profitability of its sales activities and acquire additional financial resources in accordance with the referential nature of such deals."
News For BP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 24, 2014
07:23 EDTBPHalliburton feels BP spill trial proposal should be declined, Bloomberg says
Subscribe for More Information
06:22 EDTBPStatoil secures new Australian exploration permit
Subscribe for More Information
October 23, 2014
11:41 EDTBPBP downgraded to Hold from Buy at Societe Generale
Subscribe for More Information
09:01 EDTBPChevron announces oil discovery in deepwater U.S. Gulf of Mexico
Subscribe for More Information
05:53 EDTBPBP, GDF Suez discover new Central North Sea field
Subscribe for More Information
October 16, 2014
13:54 EDTBPGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
October 15, 2014
07:44 EDTBPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
Subscribe for More Information
October 13, 2014
06:36 EDTBPSaudi Arabia content to let oil prices stay low, Reuters reports
Subscribe for More Information
October 12, 2014
13:53 EDTBPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
Subscribe for More Information
13:45 EDTBPSaudis take aggressive oil measures in Europe, WSJ says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use