09302016Fri
Last update: Fri, 30 Sep 2016 04pm

Europe

Markets - Energy - Europe

Norway's Goliat oilfield to remain shut at least until Sept. 9: Eni OSLO: Production at energy firm Eni's Arctic Goliat oilfield will remain shut at least until Sept. 9, a spokesman for the company said on Monday. Output from the field has been shut since Aug. 26 when the Goliat rig was hit by a power failure. Andreas Wulff, the spokesman for Eni in Norway, said the company had submitted preliminary findings to the Petroleum Safety Authority (PSA) on Monday, but that further investigations were ongoing. Copyright Reuters, 2016 ...

Markets - Energy - Europe

Oil pares gains after Saudi, Russia sign pact LONDON: Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia confirmed they had agreed to cooperate on stabilising the oil market, including limiting output. Brent crude futures for November delivery were up 44 cents per barrel at $47.27 a barrel at 1413 GMT.They earlier hit a session high of $49.40 in anticipation of the Russia-Saudi deal. US crude for October delivery was up 60 cents at $45.04 a barrel, after ...

Markets - Energy - Europe

Europe Distillates-Diesel diffs weaken as Eastern imports rise LONDON: Diesel barge differentials in northwest Europe slightly weakened on Monday as a rising flow of imports from Asia and the Middle East was expected to offset lower region production. Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine and Danube rivers in Germany, traders said on Monday. Barge tankers are loading at around two thirds of capacity, traders and brokers said. * European diesel stocks ...

Markets - Energy - Europe

Europe Gasoline/Naphtha-Gasoline crack edges higher but weighed LONDON: The gasoline refining margin edged higher but remained under pressure by firming crude prices and cheap naphtha in an illiquid market due to Labour Day in the United States. Winter gasoline blending has started, which entails a higher of content of cheap naphtha coming out of high stocks that dragging down the value of gasoline overall. Gasoline demand is expected to subside further after US Labour day. Saudi Aramco fixed at least three cargoes ...

Markets - Energy - Europe

Oil bounces on Saudi-Russian pledge to steady prices LONDON: Oil prices rallied on Monday by up to five percent after key crude producers Russia and Saudi Arabia vowed to stabilise the market.Saudi Energy Minister Khaled Al-Falih and his Russian counterpart Alexander Novak -- representing the world's two biggest oil producers -- declared they had agreed to "act together" to steady the market, on the sidelines of a G20 meeting in China.In reaction, Brent North Sea crude leapt as high as $49.40 a barrel.US ...

Markets - Energy - Europe

Oil jumps amid talk of producer action to support prices LONDON: Crude oil futures rose sharply on Monday amid renewed speculation that major producers including Saudi Arabia and Russia could cooperate to tackle weak prices and rein in oversupply.Brent crude futures for November delivery were up $2.09 per barrel at $48.92 a barrel at 0902 GMT.U.S. crude for October delivery was up $1.70 a barrel at $46.14 a barrel.Saudi Arabia and Russia later on Monday are due to make a joint statement during the G20 ...

Markets - Energy - Europe

Oil prices rebound from sharp losses LONDON: Oil prices rebounded Friday as traders fished for bargain crude after the previous day's heavy losses, and eyed an upcoming meeting to tackle a global supply glut.At about 1130 GMT, US benchmark West Texas Intermediate (WTI) for October delivery rose 53 cents to $43.69 a barrel.Brent North Sea crude for November won 74 cents to $46.19 a barrel compared with Thursday's closing level.The market had dived Thursday after Russia suggested it may not be ...