04292016Fri
Last update: Fri, 29 Apr 2016 11am

Europe

Markets - Energy - Europe

Europe Gasoline/Naphtha-Gasoline margins jump on overseas demand LONDON: Gasoline barge cracks in northwest Europe rose sharply on Tuesday on strong export demand to West Africa and the United States. Gasoline cracks jumped sharply last week as assessments changed to reflect the more expensive summer grade. Reuters shipping data shows at least five tankers are due to load gasoline in northwest Europe promptly to go to West Africa. A further three tankers are expected to go on transatlantic journeys. China's gasoline stocks the end of Feb. fell by 7.2 percent on high demand during the Lunar New Year holiday, according to the China Oil, Gas & Petrochemicals (OGP) newsletter.Turkish refiner Tupras issued a tender to sell reformate or mixed aromatics for loading at the Izmir and Izmit refineries. The buyer can load up to 22,000 tonnes from Izmit on April 21-24 and a further 12,000 tonnes from Izmir, according to the tender document. GASOLINE No eurobob barges traded ...

Markets - Energy - Europe

North Sea Crude-Forties flat with first ship-to-ship offers in months LONDON: Forties differentials held almost unchanged on Tuesday from the average seen late last week. Total bought two cargoes for loading in late April, helping offset some of the more aggressive offers in the daily window. There were very few takers for a slew of offers, with diffs offered down at their lowest since early February and the first ship-to-ship transfers in four months. Shell offered two cargoes for ship-to-ship transfer at Scapa Flow, which ...

Markets - Energy - Europe

Oil prices fall as investors faith in rally wanes LONDON: Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be in danger of fizzling, while analysts forecast another rise to record levels for U.S. crude stockpiles.The oil price has risen by more than 45 percent since mid-February ahead of a meeting next month of the world's major producers to discuss an output freeze to support prices. But there is growing scepticism about the outcome of the meeting."The amount of verbal ...

Markets - Energy - Europe

Oil drops as investors grow weary of rising supply LONDON: Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be fading, as supply looked set to keep rising and there appeared to be little immediate prospect of demand keeping pace.The oil price has risen more than 45 percent since mid-February ahead of a meeting next month of the world's major producers to discuss an output freeze. But there is growing scepticism about the outcome of the meeting."Verbal intervention, which has ...

Markets - Energy - Europe

Oil prices rise in thin holiday trading LONDON: Oil prices firmed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.Brent crude futures were up 25 cents at $40.69 per barrel at 0916 GMT. Last week, the contract fell 76 cents, or nearly 2 percent, in its first decline in five weeks.U.S. crude's front-month contract was up 34 cents at $39.80 a barrel.Oil prices have risen ...

Markets - Energy - Europe

Oil prices up slightly in thin holiday trading LONDON: Oil prices climbed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.Brent crude futures were up 22 cents at $40.66 per barrel at 1250 GMT. Last week, the contract fell 76 cents, or nearly 2 percent, in its first decline in five weeks.U.S. crude's front-month contract was up 42 cents at $39.88 a barrel.Oil prices have risen ...

Markets - Energy - Europe

Qatari LNG tanker logjam signals production maintenance MILAN: Dozens of liquefied natural gas (LNG) tankers parked in and around Qatari export facilities - the world's biggest hub for the fuel - signal that seasonal maintenance is curbing output, industry sources said. Around 25 tankers, all of which have exported LNG from Qatar in recent weeks, are sitting idle in anchorage areas near to the country's loading ports, shipping data on Reuters Eikon shows. Several industry sources said that maintenance on one of ...