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  • oddballchou oddballchou Dec 21, 2012 3:37 PM Flag

    BP up in London today! Bucking the Trend!

    You are right. It closed up in London. Noone seems to know

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    • Up again in London today, down in US

      Rosneft Agrees to Five-Year Oil Supply Deal With Glencore, Vitol.
      OAO Rosneft, Russia’s largest oil producer, agreed to a prepaid long-term supply deal with Glencore International Plc (GLEN) and Vitol Group as it seeks to raise funds for its acquisition of TNK-BP.

      The deal is for as much as 67 million metric tons of crude for five years from the start of next year, Rosneft said in a statement posted on its website. That’s 270,000 barrels a day or about 11 percent of the Russian producer’s current output.

      The TNK-BP acquisition, the biggest ever in Russia, will vault Rosneft past PetroChina Co. to become the world’s largest publicly traded oil producer with more than 4 million barrels a day, based on third-quarter results.

 
BP
33.26+0.23(+0.70%)Aug 28 4:04 PMEDT