04292016Fri
Last update: Fri, 29 Apr 2016 01pm

Europe

Markets - Energy - Europe

Europe Distillates-Diesel cracks slide to three-month lows LONDON: Benchmark diesel refining margins in northwest Europe fell to their lowest since late January as imports into the region were seen rising. Tankers carrying around 1 million tonnes of diesel have been booked to load in April from the US Gulf Coast to northwest Europe and the Mediterranean, according to shipping data. At least 600,000 tonnes of diesel have been booked from the Middle East and India to load in April. Inland demand remained weak due to warmer weather and as the agriculture season has yet to begin, traders said. Hellenic Petroleum issued a tender to sell a 30,000 tonne cargo of A-1 jet fuel between April 15 to 20, according to a tender document. For the latest European refinery outages: REF/E GASOIL No barges or cargoes of gasoil with 0.1 percent sulphur content traded. No barges of 50ppm gasoil traded. April Low Sulphur Gasoil futures were down $7 ...

Markets - Energy - Europe

Oil touches one-month low on scepticism over potential freeze deal LONDON: Oil held around its lowest in a month on Monday as investors ditched some of their bullish bets on another price rise and the chances that top exporters will agree to rein in overproduction appeared to fade.Iran will continue increasing oil production and exports until it reaches the market position it enjoyed before the imposition of sanctions, Oil Minister Bijan Zanganeh was quoted as saying by the semi-official Mehr news agency.Saudi Arabia, which spearheaded ...

Markets - Energy - Europe

Oil steadies on Saudi comments LONDON: World oil prices steadied Monday as Saudi Arabia cast doubt on whether a key producers meeting would reach an agreement to freeze output to address a global supply glut.Around 1100 GMT, US benchmark West Texas Intermediate (WTI) for delivery in May was down six cents at $36.73 a barrel.Brent North Sea crude for June delivery added just four cents to $38.71 a barrel compared with Monday's close.Hopes for a deal at the April 17 ...

Markets - Energy - Europe

Oil falls as investors turn cool on production freeze deal LONDON: Oil hovered around one-month lows on Monday as investors ditched some of their bullish bets on another price rise and the chances that top exporters will agree to rein in overproduction appeared to fade.Iran will continue increasing oil production and exports until it reaches the market position it enjoyed before the imposition of sanctions, Oil Minister Bijan Zanganeh was quoted by the semi-official Mehr news agency as saying.Saudi Arabia, which spearheaded an initial proposal ...

Markets - Energy - Europe

Russian oil output highest in 30 years ahead of Doha meeting MOSCOW: Russia's oil production rose 0.3 percent to 10.91 million barrels per day in March, its highest level in nearly 30 years, raising questions over Moscow's commitment to freeze output ahead of a producers' meeting in Doha later in April.Energy Ministry data on Saturday showed that in tonnes, oil output reached 46.149 million in March versus 43.064 million, or 10.88 million bpd, in February.Leading oil producers, including Russia, are due to meet in Doha on ...

Markets - Energy - Europe

Europe Gasoline/Naphtha-Gasoline cracks drop amid oil sell-off LONDON: Gasoline refining margins in northwest Europe slightly declined on Friday after sharp drops in crude oil and US gasoline futures. At least two long-range tankers have been booked in recent days to ship reformate from Europe to Asia after several days of no activity due to weaker demand from China, traders said. Tankers carrying around 1 million tonnes of gasoline have been booked from Europe to West Africa, according to Reuters shipping data, following ...

Markets - Energy - Europe

'Teapot' refiners help propel China's W. African oil bookings in April LONDON: China's loadings of West African crude oil were on track to hit their highest barrel-per-day level in 19 months in April, according to a Reuters survey of shipping fixtures and traders on Thursday.The boost is due to strong demand from the country's independent refiners, known as teapots, as well as a deal between Angola and Sinochem that significantly increased term cargoes heading east from February.Booming demand in the world's largest energy consumer helped push ...