01252017Wed
Last update: Wed, 25 Jan 2017 12am

Europe

Markets - Energy - Europe

Russia's Gazprom says exports to Europe, Turkey up 11.9pc MOSCOW: Gazprom exported 170 billion cubic metres of natural gas to Europe and Turkey between Jan. 1 and Dec. 15, 11.9 percent more than in the same period a year earlier, the Russian company said on Saturday. Copyright Reuters, 2016 ...

Markets - Energy - Europe

Total cuts scrip dividend discount on improved outlook PARIS: French oil and gas company Total on Friday cut the discount offered for its shares in a scrip dividend scheme for the second quarter to 5 percent from 10 percent citing improved confidence in its outlook and rising oil prices. Oil companies have used the scrip dividend programme to maintain rather than cut dividends due to the prolonged fall in oil prices in a global glut. Prices have rebounded from lows hit earlier this ...

Markets - Energy - Europe

Oil declines on selling spree, signs of output compliance cap loss LONDON: Oil edged lower on Friday as some traders locked in recent gains by selling out of long positions, but prices remained close to 14-month highs as producers showed signs of adhering to a global supply cut. Brent crude futures were trading at $53.82 per barrel at 1027 GMT, down 20 cents on the previous day's close. US West Texas Intermediate (WTI) crude was down 27 cents at $50.63 per barrel. "It is just some ...

Markets - Energy - Europe

Nigeria, set to benefit most from OPEC cut, struggles to cash in LONDON: Nigeria, one of two OPEC countries completely shielded from any cuts to its oil production, was in line for a windfall from the group's agreement late last month to shore up the price of crude. Instead, the beleaguered West African nation is struggling to sell its rising oil production as higher benchmark prices slammed shut trade routes and did little to stem an excess of light, sweet oil, leaving millions of unsold barrels. The ...

Markets - Energy - Europe

Med crude-Urals differentials soften in northwest Europe MOSCOW: Urals discounts to dated Brent widened further in northwest Europe on Wednesday partly in response to additional supplies being added to the December loading plan from Baltic ports. On Tuesday Gazpromneft has added an additional cargo to the Ust-Luga port loading plan on Dec. 28-29. Some traders said that a cargo of crude from small independent producers loading from Primorsk on Dec. 27-28 could be cancelled, but this was not confirmed. In the Platts ...