Wednesday, 15 May 2013 21:49
Posted by Muhammad Iqbal
MILAN: Italian refiner Saras and Russian partner Rosneft are eying the petrol station network that oil major Royal Dutch Shell is mulling selling in Italy, a Saras executive said on Wednesday."I think they (Rosneft) are probably going to take a look and we hope to be able to cooperate with them," Saras Managing Director Dario Scaffardi said in a conference call after the company reported core earnings of 48.2 million euros ($62.56 million) in the first quarter.In April Shell said it was considering selling some of its Italian downstream assets including its retail, aviation and supply and distribution businesses."They (Rosneft) have a definite interest in expanding their supply chain from upstream to downstream," Scaffardi said.Rosneft said, however, they had not seen the proposal."Rosneft did not receive such kind of proposal yet," a spokeswoman said.Saras, controlled by the Italian Moratti family which also owns Serie A soccer club Inter Milan, reached ...
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MILAN: Italian refiner Saras and Russian partner Rosneft are eying the petrol station network that oil major Royal Dutch Shell is mulling selling in Italy, a Saras executive said on Wednesday."I think they (Rosneft) are probably going to take a look and we hope to be able to cooperate with them," Saras Managing Director Dario Scaffardi said in a conference call after the company reported core earnings of 48.2 million euros ($62.56 million) in the first quarter.In April Shell said it was considering selling some of its Italian downstream assets including its retail, aviation and supply and distribution businesses."They (Rosneft) have a definite interest in expanding their supply chain from upstream to downstream," Scaffardi said.Rosneft said, however, they had not seen the proposal."Rosneft did not receive such kind of proposal yet," a spokeswoman said.Saras, controlled by the Italian Moratti family which also owns Serie A soccer club Inter Milan, reached ...
LONDON: Global oil prices slid on Wednesday as traders awaited the latest inventories report from leading world consumer the United States.In London early afternoon deals, Brent North Sea crude for delivery in June dipped 32 cents to $102.28 a barrel.New York's main contract, West Texas Intermediate (WTI) or light sweet crude for June, shed $1.19 to $93.02 a barrel.The US government's Energy Information Administration (EIA) will later publish its weekly snapshot of crude stockpiles.The oil ...
LONDON: Crude prices fell on Tuesday after the International Energy Agency declared that booming oil output in North America, driven by the shale energy revolution, has created a global "supply shock" that is reshaping the industry.In London early afternoon deals, Brent North Sea crude for delivery in June sank 56 cents to $102.26 a barrel.New York's main contract, West Texas Intermediate (WTI) or light sweet crude for June, shed 43 cents to $94.74 a barrel."North ...
LONDON: Crude prices fell below $103 a barrel on Monday weighed down by a drop to an eight-month low in oil demand in China, the world's second-largest consumer.An unexpected rise in US retail sales in April which pointed to underlying strength in the economy failed to change the market direction.China's refinery crude throughput fell 3 percent in April from March, its lowest daily rate since last September, as refineries entered maintenance season. Implied oil demand ...
LONDON: Crude prices slipped below $103 a barrel on Monday weighed by a stronger dollar and a drop to an eight-month low in oil demand in the world's second-largest consumer China.China's refinery crude throughput fell 3 percent in April from March, its lowest daily rate since last September, as refineries entered maintenance season. Implied oil demand in the country was up 3.2 percent in April from a year earlier to about 9.6 million barrels per ...
LONDON: Speculators raised their net long positions in Brent crude oil futures and options in the week to May 7, but also increased their net short positions in gasoil, data from the IntercontinentalExchange (ICE) showed on Monday.Money managers raised their net long positions in Brent by 15,294 contracts to 124,035. At the same time they increased their net short position in ICE gasoil futures and options by 2,798 contracts to 9,933.Copyright Reuters, 2013 ...
