07282016Thu
Last update: Thu, 28 Jul 2016 01pm

Europe

Markets - Energy - Europe

Gazprom picks Linde as partner for gas processing plant MUNICH: Russian natural gas exporter Gazprom has selected Germany's Linde as a partner to build a gas processing plant (GPP) in the Russian Far East, a Linde spokesman said. The scale and details of the deal are still being negotiated, he said on Friday. Gazprom has said it is considering building an LPG terminal as part of a project to build a gas processing plant (GPP) in the Amur region. "The Amur GPP will recover helium, ethane and natural gas liquids from up to 49 billion cubic metres per year of natural gas and will be located near the town of Svobodny in the Amur Region," the Linde spokesman said. Gazprom has said it plans to start building the Amur GPP this year and to have its first stage in operation in 2019. Copyright Reuters, 2015 ...

Markets - Energy - Europe

North Sea Crude: Diffs fall as battle for Asian buyers heats up LONDON: North Sea Forties crude differentials fell on Monday as competition with other Atlantic Basin grades for buyers in Asia heated up ahead of a hefty November loading programme. The UK and Scandinavian fields that make up the North Sea crude streams are set to pump more oil in November than at any time in the past two years, the most recent loading programmes show. Two separate offers for crude loading via ship-to-ship transfers (STS), ...

Markets - Energy - Europe

Oil extends gains before US data LONDON: Oil prices rose Friday on bargain-buying but analysts warned of fresh selling pressure as the United States prepared to release key manufacturing data later in the day.US benchmark West Texas Intermediate (WTI) for delivery in December added 17 cents to $45.55 per barrel compared with Thursday's close.Brent North Sea crude for December delivery was up 36 cents at $48.44 per barrel in London midday deals."We're still seeing some bargain-hunting," said Daniel Ang, an investment ...

Markets - Energy - Europe

Oil drops on US inventory data LONDON: Oil prices fell on Wednesday on fresh indications of weaker demand in top global crude consuming nation the United States.US benchmark West Texas Intermediate for delivery in December lost 97 cents to $45.32 a barrel compared with Tuesday's close.Brent North Sea crude for December delivery was down 65 cents at $48.06 a barrel in London late afternoon deals.The US government's Energy Information Administration said Wednesday that American commercial oil supplies jumped eight million barrels ...

Markets - Energy - Europe

Oil prices extend losses LONDON: Oil prices fell Tuesday, but not as sharply as a day earlier, as markets looked ahead to more indications of world crude demand levels amid high supplies.Brent North Sea crude for delivery in December slipped 19 cents to stand at $48.42 a barrel in late London deals.US benchmark West Texas Intermediate for November delivery dropped 34 cents to $45.55 a barrel compared with Monday's close.Both contracts fell sharply on Monday following the release of ...

Markets - Energy - Europe

Europe Gasoline/Naphtha-Cracks soften, raising run cut talk LONDON: Gasoline cracks slipped on Monday as demand from the key US market remained sluggish, though levels held above the eight-month lows hit last week.While the outlook for gasoline was stronger than that for diesel, which was moving into floating storage as supplies built in the ARA hub, traders said margins are so weak that run cuts are likely on the horizon."Everyone is talking about potential run cuts at the moment," one trader said.US demand ...

Markets - Energy - Europe

Oil prices slip below $50 on Chinese demand concerns LONDON: Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy consumer, and signs that global oversupply is curbing Saudi crude exports.China's economy grew at the slowest pace in six years in the third quarter, according to official data released on Monday, making it more and more likely Beijing will cut interest rates to spur activity.Data also showed that Chinese oil demand fell slightly in September, ...