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Russian gasoline exports down 15.4pc in June vs May MOSCOW: Russian gasoline and fuel oil exports in June fell by 15.4 percent and 2.0 percent, respectively, on a daily basis from May, while gas oil exports were up by 6.1 percent, data from the Energy Ministry and Reuters showed. Russia's domestic supplies of gasoline and fuel oil increased by 6.3 percent and 6.4 percent, respectively, while local shipments of gas oil grew by 3.6 percent.According to the market sources, major refineries cut their gasoline export shipments in June ahead of summer peak demand to offset possible shortages on the domestic market.Exports of gasoline were also largely hit by the deadly fire at Rosneft's Achinsk refinery in the middle of June . The plant had been shut down on May 11 for regular maintenance, so Rosneft was forced to buy motor fuel from third parties to compensate for shortages on the regional markets. According to the industry sources, the Achinsk ...
Oil prices rise on geopolitical tensions LONDON: Oil prices rose on Tuesday on geopolitical tensions fuelled by a warning of tougher sanctions against Russia and fierce fighting in Gaza, traders said.Brent North Sea crude for delivery in September climbed 64 cents to stand at $108.32 a barrel in London midday deals.US benchmark West Texas Intermediate (WTI) for August increased 34 cents to $104.93 a barrel compared with Monday's closing value."The crises in Ukraine and the Gaza Strip, coupled with the risk ...
Oil steadies around $108; focus on Ukraine, US stockpiles LONDON: Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of large draws in U.S. oil stockpiles and escalating geopolitical tension over Ukraine causing European foreign ministers to consider further sanctions on Russia.European foreign ministers meet in Brussels on Tuesday and Britain, Germany and France may be prepared to increase sanctions against Russia, the world's top crude producer."The talks about potential new sanctions against Russia can add risk premium to the oil ...
UK gas prices decline as reduced demand leads to over supply LONDON: Wholesale natural gas prices in Britain fell on Tuesday as weak demand for gas due to warm weather led to oversupply.Gas prices for day-ahead delivery were trading at 37.15 pence per therm at 0832 GMT, down 0.20 pence from Monday's close.Prices for within-day delivery were 0.75 pence lower at 37.10 pence per therm.Demand for gas was forecast to be at 165 million cubic metres on Tuesday, 14 mcm below seasonal normal demand. Flows were ...
Oil prices slide further LONDON: Global oil prices fell further on Monday on concern about an escalation of the Ukraine crisis after the downing of a Malaysian airliner last week, analysts said.Investors were also eyeing developments in the Middle East after Israel launched a ground offensive against Hamas militants in Gaza, fuelling worries about crude supplies from the oil-rich region.Brent North Sea for delivery in September fell 30 cents to $106.94 a barrel in London midday deals.New York's benchmark ...


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