06282016Tue
Last update: Tue, 28 Jun 2016 04pm

Europe

Markets - Energy - Europe

West Africa Crude-Over half August Angolan traded, Nigerian lags LONDON: About 60 percent of Angola's August programme has been absorbed by the market, one trader said. July loading cargoes of Nigerian crude were still lingering and high offer levels continued to keep buyers at bay. Forcados, Bonny Light and Brass River exports remained under force majeure. There was still no sign of a programme for Nigeria's Erha grade for either July or August. The August programmes for Bonga and Brass River had also yet to emerge. ANGOLA Statoil offered a cargo of Girassol at dated Brent plus 50 cents. BP offered several of its August loading cargoes for varying grades. Several cargoes of Dalia were also on offer from various sellers at dated Brent plus $3.20-$3.40 a barrel. NIGERIA Exxon offered a cargo of Usan and lowered its offer figure on its August Qua Iboe cargoes to dated Brent plus $2.00 a barrel from plus $2.10. The offer level ...

Markets - Energy - Europe

Oil prices fall again after Brexit vote LONDON: Oil prices slid on Monday as market participants absorbed the shock of Britain's vote to leave the European Union though some analysts said Brexit would have a limited impact on global fuel demand. Brent crude futures were down 76 cents at $47.65 a barrel by 1224 GMT. US crude was down 85 cents at $46.79 a barrel. Both crude benchmarks slumped about 5 percent on Friday amid plunging global financial markets after the British ...

Markets - Energy - Europe

Oil price hovers nervously after Brexit losses LONDON: Bargain-hunting investors helped to support world oil prices Monday despite deep uncertainty following Britain's vote to quit the EU.Oil prices had slumped more than five percent on Friday following the British referendum.They slid again as trading opened in Asia on Monday, rebounded hours later, and then came under fresh pressure in European business.At around 1035 GMT, Brent crude was up six cents at $48.47, while US benchmark West Texas Intermediate was down six cents ...

Markets - Energy - Europe

North Sea Crude-Forties levels sink on weak margins, Brexit LONDON: Forties crude levels weakened on Friday following widespread uncertainty after the British referendum and weaker margins. Global financial markets and oil futures plunged on Friday after Britain voted to leave the European Union, forcing the resignation of Prime Minister David Cameron. Shell has fixed the VLCC Selene Trader to lift Forties on June 25 at Hound Point for South Korea, Reuters shipping data showed Friday. WINDOW SUMMARY Statoil sold a cargo of Forties to ...

Markets - Energy - Europe

BP says to keep UK headquarters despite British EU exit vote LONDON: Oil major BP said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave the European Union. "It is far too early to understand the detailed implications of this decision and uncertainty is never helpful for a business such as ours," BP said. "However, we do not currently expect it to have a significant impact on BP's business or investments in the UK and Continental Europe, nor on the ...

Markets - Energy - Europe

Oil prices slide as Britain votes to leave EU LONDON: World oil prices plunged Friday, mirroring sentiment on stock markets, as the dollar strengthened in reaction to Britain voting to bolt from the European Union.At one point, Brent North Sea crude tumbled around 6.0 percent to $47.54 a barrel.US benchmark West Texas Intermediate slumped some 7.0 percent to $46.70 a barrel.Bernard Aw, an analyst with IG Markets in Singapore, said the stronger dollar, which surged to a three-decade high against the pound, made dollar-denominated ...

Markets - Energy - Europe

Russia expects short-term oil market volatility after Brexit MOSCOW: Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in favor of leaving the European Union, RIA news agency quoted Russian First Deputy Energy Minister Alexei Texler as saying on Friday. "Combined with other (negative) factors, a fall in oil prices may be significant," he said. Texler added he saw no need for large oil producers to take any actions due to Brexit. Copyright Reuters, 2016 ...