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Stock Market & Financial Investment News

News Breaks
January 10, 2013
14:01 EDTBP, PTRYPantry, BP enter fuel supply agreement expiring December 31, 2019
In a regulatory filing, Pantry (PTRY) disclosed that on January 7, the company entered into a Branded Jobber contract with BP Products North America (BP). The agreement supersedes and replaces the original Branded Jobber Contract dated February 1, 2003, as amended, between the company and BP. The agreement provides for BP to supply, and the company to purchase, certain minimum amounts of motor fuel for the company’s specified convenience store locations. The agreement initially relates to 394 BP branded outlets with provisions pursuant to which locations may be added to or removed from the agreement during the term of the agreement for specified reasons. The prices provided for in the agreement are based upon industry indexes. If the company fails to purchase its annual minimum contract volume, BP may charge the company a shortfall penalty of 2c per gallon times the difference between the number of gallons purchased and the minimum volume requirement. The term of the agreement expires on December 31, 2019.
News For PTRY;BP From The Last 14 Days
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April 17, 2015
08:29 EDTBPU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 16, 2015
06:41 EDTBPGulf oil spill victims have received over $5B from BP fund, Reuters says
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April 14, 2015
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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06:40 EDTBPU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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05:32 EDTBPBP downgraded to Neutral from Buy at Citigroup
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April 13, 2015
10:00 EDTBPOn The Fly: Analyst Downgrade Summary
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07:02 EDTBPBP downgraded to Neutral from Buy at BofA/Merrill
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April 12, 2015
18:32 EDTBPObama administration expected to toughen offshore drilling regulations, WSJ says
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16:49 EDTBPIEA says Iran nuke deal to have limited impact on supply for years, Reuters says
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April 9, 2015
08:21 EDTBPRoyal Dutch Shell and BP yet to meet Abu Dhabi's sign-on fee, WSJ reports
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07:43 EDTBPNational Economists Club to hold a luncheon meeting
Mark Finley, General Manager of Global Energy Markets at BP, delivers a speech entitled, "BPs Energy Outlook 2035" at a Luncheon Meeting being held in Washington, D.C. on April 9 at 12 pm.
April 7, 2015
06:43 EDTBPOil retreats on reports of Iran, China talks, Reuters says
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April 6, 2015
06:41 EDTBPOil up after Saudi Arabia increases prices for Asia, Reuters says
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April 5, 2015
18:12 EDTBPOil falls after tentative nuclear deal for Iran, Reuters says
After a preliminary pact between Iran and world powers on Tehran's nuclear program the price of Brent oil fell nearly 4% on Thursday, says Reuters. 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

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