08272016Sat
Last update: Sat, 27 Aug 2016 08pm

Europe

Markets - Energy - Europe

Med Crude-Urals down in NWE as loadings in mid-end Sept look ample MOSCOW: Urals price differentials in the Baltic fell on Thursday as trading activity drifted to mid-end September with a higher availability of Russian barrels to the market, traders said. Exports from Primorsk and Ust-Luga on Sept. 16-30 will rise to 3.6 million tonnes, up by 2.9 million tonnes between Sept. 1 and 15, when supply is smaller due to maintenance on the pipeline linked to Primorsk, according to the Urals lifting schedule for next month."Despite the maintenance, Baltic exports still look ample and with nearly no chance for arbitrage to Mediterranean given a long loading plan from Novorossiisk, Urals in northwest Europe looks to get even cheaper," - one trader said. The final version of the Russian Urals crude loading plan for September was not changed compared to the preliminary one, a document obtained by Reuters showed. In the Platts window, Vitol was showing a 100,000-tonne Urals cargo for loading ...

Markets - Energy - Europe

Oil prices fall as production freeze expectation fades LONDON: Oil prices slipped on Thursday as the market focused on oversupply and fading expectation of a production freeze.Global crude oil benchmark Brent was down 10 cents at $48.95 a barrel by 1230 GMT, having closed down 1.8 percent on Wednesday. U.S. light crude oil was down 15 cents at $46.62 a barrel, after dropping 2.8 percent on Wednesday.Oil prices rose more than 20 percent in the first three weeks of August on talk of ...

Markets - Energy - Europe

Oil prices fall as hopes of production freeze fade LONDON: Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.Global crude oil benchmark Brent was down 15 cents at $48.90 a barrel by 1043 GMT, having closed down 1.8 percent on Wednesday. U.S. light crude oil was down 5 cents at $46.72 a barrel, after dropping 2.8 percent on Wednesday.Oil prices rose more than 20 percent in the first three weeks of August on talk of ...

Markets - Energy - Europe

Oil prices hit reverse again LONDON: World oil prices skidded lower Thursday, reversing earlier gains as traders dwelled on rising US crude stockpiles and the stronger dollar.At 1145 GMT, US benchmark West Texas Intermediate (WTI) for delivery in October sagged 22 cents at $46.55 per barrel.Brent North Sea crude for October delivery lost 20 cents to $48.85 a barrel compared with the close on Wednesday."It is the aftershocks of yesterday's disappointing oil report and the strengthening of US dollar that ...

Markets - Energy - Europe

Europe Distillates-Diesel diffs rise for fourth session LONDON: Diesel barge differentials in northwest Europe rose for a fourth straight session to a two-week high as upcoming refinery maintenance raised expectations for tighter supplies. US distillate stockpiles, which include diesel and heating oil, rose last week by 122,000 barrels, versus expectations for a 400,000-barrel increase, EIA data showed. Concerns that a tropical storm in the Caribbean will reach hurricane strength before it hits the US Gulf Coast supported the market. * Oil refiners ...