All
 

 

Just in:  

You are here: Home

Europe

Archive

Gazprom trading unit moving to Russia from London MOSCOW/MILAN: Gazprom's energy trading unit Gazprom Marketing and Trading is moving to St Petersburg from London, Russian news agency Interfax cited sources as saying on Friday. Sources at the Gazprom unit could not immediately confirm the move to Reuters, while a spokesman for the trading venture declined to comment. One source briefed by a member of the Gazprom trading team said sanctions placed on Russia by the West over the course of the past year for its actions in Ukraine, have had an impact on business, including liquefied natural gas (LNG) deals."Their team has said it has been hard to transact," the source said. Russian companies have been effectively shut out of Western debt markets, forcing some to rethink or delay capital intensive projects and restricting their ability to trade with Western companies. Gazprom Marketing and Trading, which has evolved into a major force trading energy commodities, employs 1,200 people ...
Gazprom trading unit moving to Russia from London MOSCOW: Gazprom's energy trading unit Gazprom Marketing and Trading is moving to St Petersburg from London, Russian news agency Interfax cited sources as saying on Friday. Sources at the Gazprom unit could not immediately confirm the move to Reuters. Copyright Reuters, 2015 ...
Med Crude: Urals firms in Mediterranean on lower early Feb exports LONDON: Russia's Urals crude differentials strengthened in the Mediterranean on Friday as a preliminary loading programme for the first days of next month showed lower exports compared to January. Shipments from the Black Sea will fall to 300,000 tonnes between Feb. 1-8 from 600,000 tonnes during the same period this month. Exports from the Baltic will also slip, falling to 1 million tonnes due to pipeline maintenance from 1.7 million over the same 8 day ...
Europe Distillates-Diesel rises as cold, storage spur buying LONDON: Diesel barge differentials in northwest Europe rose on Friday as supplies in the region tightened with stronger demand for storage and due to colder weather. The discount of the front-month February ICE diesel futures to the March contract, in what is known as contango, narrowed on Friday to around 75 cents as prompt buying in the region remains strong. At the same time, refiners and traders have been storing diesel as the contango into ...
North Sea Crude: Diffs steady to weaker, Brent sets dated LONDON: North Sea crude differentials were steady to weaker on Friday, reflecting lacklustre buying interest and ample supply for loading in February. The Brent stream set the dated Brent benchmark as it was offered lower by Shell at a price that makes it the cheapest of the four benchmark North Sea grades. Traders say supply is ample and even the sale of some 4 million barrels of January-loading Forties to South Korea - usually a ...