09252016Sun
Last update: Sun, 25 Sep 2016 10am

Europe

Markets - Energy - Europe

North Sea Crude-Diffs hold steady, data shows refineries running hard LONDON: North Sea crude oil differentials held broadly steady on Thursday, supported by a rise in prospective flows to Asia and more apparent refinery demand than expected for this point in the year, based on Reuters data. Trading sources this week have pointed to less refinery maintenance in the region, together with demand for North Sea crude from abroad, and in particular from China, as part of the strength behind the differentials. According to Reuters/Genscape data, there is more refining capacity online in northwest Europe than at this point last year. The data show there are 9.705 million bpd of capacity online out of a total 9.777 million bpd compared with 9.58 million at this point last year and 9.205 million bpd in 2014. Over the second half of September and into October, there are two VLCCs lined up to take Forties to Asia, together with a suezmax that Statoil ...

Markets - Energy - Europe

Gazprom wants more than 25 pct of OMV North Sea assets MOSCOW: Gazprom wants more than 25 percent of OMV's Norwegian North Sea holding company but is being prevented from taking a larger stake by Norway, the Russian company's deputy told Reuters on Thursday. Under an asset swap plan, Austrian energy company OMV is due to get a 24.9 percent stake in a part of one of Gazprom's Siberian fields while the Russian company will in turn get a slice of OMV's North Sea assets in ...

Markets - Energy - Europe

Oil prices rebound LONDON: Oil prices rebounded slightly Thursday after tanking the previous day, but gains were capped by US stockpiles data and the prospect of rising output in Libya and Nigeria, dealers said.At about 1015 GMT, US benchmark West Texas Intermediate for delivery in October was up 20 cents at $43.78 a barrel.Brent North Sea crude for November delivery won 32 cents to $46.17 compared with the close on Wednesday.The market had tumbled Wednesday after the US ...

Markets - Energy - Europe

Oil prices rebound LONDON: Oil prices rebounded Thursday after tanking the previous day but gains were capped by US stockpiles data and the prospect of rising output in Libya and Nigeria, dealers said.At about 1615 GMT, US benchmark West Texas Intermediate for delivery in October was up 53 cents at $44.11 per barrel.Brent North Sea crude for November delivery won $1.06 to $46.91 compared with the close on Wednesday.The market had tumbled Wednesday after the US Energy Information ...

Markets - Energy - Europe

Oil falls as US drills more LONDON: Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and U.S. crude drillers added more rigs for a tenth week running.Brent crude oil futures fell 53 cents on the day to $47.48 a barrel, by 0830 GMT, while U.S. West Texas Intermediate futures fell 66 cents to $45.22 a barrel.Traders said the price falls on Monday and ...