09302016Fri
Last update: Fri, 30 Sep 2016 09am

Americas

Markets - Energy - Americas

Statoil Brazil chief says looking at Brazil subsalt opportunities SAO PAULO: The President of Statoil in Brazil said on Wednesday that the Norwegian oil producer is looking at opportunities in Brazil's offshore oil region known as the Subsalt Polygon. Brazil's government is seeking to end a requirement that state-run firm Petrobras operate all oil fields in the Subsalt Polygon and Statoil's P?l Eitrheim said on the sidelines of an event in Sao Paulo that the Norwegian company could be interested in becoming an operator in the area. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Biggest weekly US East Coast crude stock draw since 2004 NEW YORK: US East Coast crude oil stocks posted the biggest draw last week since May 2004, according to data released Wednesday from the US Energy Information Administration. Stocks fell 3.3 million barrels to 14.2 million barrels, data showed. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Oil down 3pc as Saudi, Iran dash hopes for an Algiers deal NEW YORK: Oil fell about 3 percent on Tuesday after Saudi Arabia and Iran dashed market hopes that the two major OPEC producers would find a compromise this week at meeting in Algiers to help ease a global glut of crude. Saudi Energy Minister Khalid al-Falih told reporters in the Algerian capital, where OPEC and other oil producers gathered for the Sept. 26-28 International Energy Forum, he did not expect an agreement to come out ...

Markets - Energy - Americas

Oil down 3pc on fading hopes for output deal in Algiers NEW YORK: Oil fell 3 percent on Tuesday, wiping out gains from the previous session, as producing countries meeting in Algeria appeared less likely to agree on output cuts that would reduce a global glut and boost crude prices out of a two-year slump.The energy ministers of Saudi Arabia and Russia were to give a joint briefing later in the day in Algiers where OPEC and other oil producers were holding informal talks on the ...

Markets - Energy - Americas

Uruguay's state-run ANCAP seeks 10,000 tons of petroleum coke HOUSTON: Uruguay's state-run oil company ANCAP has launched a tender to buy up to 10,000 metric tons of petroleum coke for delivery from November to December at Montevideo port, according to a document seen by Reuters on Monday.Bids for this tender will be received until Sep. 27. The petroleum coke can be discharged from a single tanker before Nov. 5.It can also be transported in several cargoes of 2,000 metric tons each for delivery from ...

Markets - Energy - Americas

Colombia's Ecopetrol to buy gasoline for Oct delivery HOUSTON: Colombia's state-run oil firm Ecopetrol is offering to buy 285,000 to 295,000 barrels of gasoline RON 92 for delivery in the second half of October at Pozos Colorados and Barranquilla ports, according to a tender seen by Reuters on Monday. The company and its Cartagena refinery last month bought a gasoline cargo and sold two cargoes of virgin naphtha on the open market. Bids for this tender will be accepted until Sept. 28, indexed ...

Markets - Energy - Americas

Oil ends up 3pc as OPEC meets; volatility hits post-Doha high NEW YORK/LONDON: Oil settled up 3 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha which failed. The Organization of the Petroleum Exporting Countries and other oil producers led by Russia are meeting informally on the sidelines of the International Energy Forum in Algeria from Sept. 26-28 to ...