09262016Mon
Last update: Mon, 26 Sep 2016 10pm

Europe

Markets - Energy - Europe

W. Africa Crude-Angolan Nov. programme emerges, Nigerian OSPs awaited LONDON: Angolan crude exports are set to rise to around 1.57 million barrels per day (bpd) in November, a preliminary programme showed on Monday, up from a smallest schedule in 10 years in October. Angola's offshore Plutonio oilfield resumed production over the weekend after being shut down for about 10 days for maintenance, industry sources said on Monday. Angola's parliament on Monday approved a smaller 2016 budget than it had originally planned, after lower oil prices hammered state revenues in Africa's largest crude exporter. Nigeria plans an "immediate large injection of funds" into the economy though asset sales, advance payments for licence renewals and infrastructure concessions, its budget minister said on Monday. Nigeria's state oil firm NNPC is expected to release its October official selling prices on Tuesday with November loading dates due to trickle out soon after. ANGOLA In the window, BP offered a cargo of Girassol at dated ...

Markets - Energy - Europe

Med crude-Azeri light traded firmer, Urals stable in thin trade MOSCOW: Premiums for Azeri light were slightly supported as demand for October-loading cargoes improved among European refiners and more cargoes loading in the first half of the month were sent out of the region. In the Platts window, Statoil offered 135,000 tonnes of Azeri light loading from Supsa or Ceyhan on Oct. 1-5 from a premium of $1.50 down to $1.25 a barrel to BFOE, and at this level it was booked by Japan's Itochu, ...

Markets - Energy - Europe

North Sea Crude-Ekofisk edges higher as gasoline strength persists LONDON: North Sea crude oil differentials held broadly steady on Monday, although Ekofisk was bid higher, as an outage on a major US products pipeline lent support to lighter, sweeter grades. An outage on a key US pipeline operated by Colonial Pipeline Co late last week has pushed up retail gasoline prices and opened up an opportunity for other Atlantic Basin exporters to send both crude and products west. In flows, Reuters shipping data showed ...

Markets - Energy - Europe

Oil advances on unrest, hopes for output deal LONDON: World oil prices rebounded Monday on supply concerns in Libya and Nigeria, and after OPEC member Venezuela indicated a deal to limit output was close.Additional support came from the weaker US greenback, which makes dollar-priced commodities like oil cheaper for buyers using stronger currencies.At about 1645 GMT, Brent North Sea crude for delivery in November won 51 cents to $46.28 a barrel compared with Friday's closing level.US benchmark West Texas Intermediate for October added ...

Markets - Energy - Europe

Oil climbs as Venezuela sees output deal LONDON: Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilise the market and as clashes in Libya disrupted attempts to boost crude exports. Brent crude futures were $46.15 per barrel at 1337 GMT, up 38 cents from their previous settlement but off an earlier peak of 46.62. US crude was up 47 cents, or 1.1 percent, at $43.50 a barrel. Venezuelan President ...

Markets - Energy - Europe

Europe Gasoline/Naphtha-Cracks fall, arb to US supports LONDON: Northwest European gasoline refining margins fell on Monday after hitting a three-month high last week, but cracks were still supported by busy spot cargo bookings to the US Higher prices on the back of a pipeline outage in the United States have spurred several bookings from Europe to go the East Coast in the past week. Colonial Pipeline Co said on Saturday it resumed repairing a leak on a key US gasoline line on ...

Markets - Energy - Europe

Oil prices sharply lower in week as global output mounts LONDON: World oil prices sank lower this week on gloomy market forecasts, profit-taking and ever-present worries over the global supply glut, ahead of a producers' meeting on September 26-28.The Paris-based International Energy Agency (IEA) set the tone on Tuesday, warning that oil demand growth was slowing while supply was rising.But fresh data showing mounting US stockpiles of crude and products, and Libya's pledge to sharply boost production and exports within weeks, added to the downward ...