Europe Energy - Markets - Business Recorder

Europe Energy

UK to phase out Russian oil imports by end of 2022

LONDON: Britain will phase out imports of Russian oil and oil products by the end of 2022, Prime Minister Boris...

Published 08 Mar, 2022 10:05pm

Energy

Oil rises on tight inventories, demand worries limit gains

LONDON: Oil prices rose on Tuesday, supported by the prospect of tight inventories across the globe, although the...

Published 16 Nov, 2021 04:37pm

Energy

Algeria suggests bringing forward OPEC+ meeting to June 4

 Algeria's energy minister, Mohamed Arkab, said in the letter that he had held discussions with "some ministers" abo

Published 30 May, 2020 09:08pm

Energy

Oil prices steady, awaiting confirmation of surprise US inventory build

 After tumbling on Wednesday, Brent crude futures were down 0.06%, or 2 cents, at $34.72 a barrel at 1311 GMT after

Published 28 May, 2020 02:31pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

 Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 28 May, 2020 11:05am

Energy

US natgas futures little changed despite lower demand forecasts

 US LNG exports averaged 6.5 bcfd so far in May, down from a four-month low of 8.1 bcfd in April and a record 8.7 bc

Published 27 May, 2020 03:27pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

 Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 27 May, 2020 01:09pm

Energy

UK GAS-Prices fall on increased UKCS flows, reduced gas-for-power demand

 The day-ahead contract was down by 1.00 pence at 9.00 pence per therm by 0746 GMT, while the June contract was 0.65

Published 27 May, 2020 11:29am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

 Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 26 May, 2020 11:28am

Energy

UK GAS-Prices rebound from record lows as Yamal-Europe flows halt

 The within-day gas price was up 3.7 pence at 11.40 p/therm by 0921 GMT. 
 The day-ahead contract was up 1.70 pen

Published 26 May, 2020 10:33am

Energy

UK GAS-UK, Dutch prices plunge as strong wind, weak demand weighs

The day-ahead was down nearly 26pc at 6.50 pence per therm and the June contract was 13pc lower at 8.40 euros/MWh.

Published 22 May, 2020 09:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 22 May, 2020 09:43am

Energy

European gas prices hit new lows as demand weakens, supply rises

Producers and system operators are delaying non-essential spring and summer maintenance due to the coronavirus pand

Published 21 May, 2020 03:00pm

Energy

UK GAS-Prices slump on weak demand

The day-ahead contract was 1.25 pence lower at 9.25 pence per therm at 0855 GMT. The within-day contract dropp

Published 21 May, 2020 11:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 20 May, 2020 10:55am

Energy

UK GAS-Day-ahead down amid weak demand, oversupply and quiet trade

The system was oversupplied by 8 million cubic metres (mcm) with demand forecast at 173 mcm and flows at 182 mcm/da

Published 20 May, 2020 09:25am

Energy

Yamal LNG on fast boat to China as Northern route melts early

This year's opening is more than a month earlier compared to 2019, when first vessel to go via the route left Yamal

Published 19 May, 2020 03:52pm

Energy

Russia's Transneft, Rosneft in row over oil transport costs

Transneft and Rosneft are headed by allies of Russian President Vladimir Putin and have had a long history of diffe

Published 19 May, 2020 03:32pm

Energy

Oil steady on signs of output cuts but demand concerns weigh

June WTI contract hits 9-week high before Tuesday's expiry No sign of WTI plunge seen at previous month's expi

Published 19 May, 2020 03:19pm

Energy

Poland expects Russia to continue gas transit to Europe

The new mechanism entered into force on May 17 and there is a client who uses the new mechanism. One can assume tha

Published 19 May, 2020 02:08pm

Energy

Germany, Netherlands to sign deal to cooperate on electricity grids

The German and Dutch governments have been in talks on the matter for months but officials say Berlin has not decid

Published 19 May, 2020 01:33pm

Energy

Poland to use more LNG as coronavirus speeds coal's decline

The state-run PGNiG is a shareholder in PGG, Poland's biggest coal producer, which is struggling to survive the imp

Published 19 May, 2020 01:02pm

Energy

German parties end row over on-shore wind turbines, lift solar energy cap

"I'm happy that the parliamentary groups struck an agreement on this issue. This will give renewable energies the n

Published 18 May, 2020 04:15pm

Energy

Brent at one-month high, US oil tops $32 as lockdowns ease

June WTI contract hits 9-week high before Tuesday's expiry No sign of price plunge seen at last expiry Sa

Published 18 May, 2020 04:09pm

Energy

Gazprom starts work on Power of Siberia-2 pipeline to China

MOSCOW: Russian gas giant Gazprom has begun a feasibility study for its Power of Siberia-2 pipeline project that wou

Published 18 May, 2020 03:49pm

Energy

Brent at one-month high, US oil tops $31 as restrictions ease

June WTI contract hits 9-week high before Tuesday's expiry No sign of price plunge seen at last expiry Sa

Published 18 May, 2020 03:04pm

Energy

Oil majors slash output to help Kazakhstan comply with OPEC+ deal

Chevron-led Tengizchevroil (TCO), operator of the giant Tengiz oilfield, said on Friday it would follow Kazakhstan'

Published 15 May, 2020 05:21pm

Energy

Oil back at early April highs as demand shows signs of picking up

West Texas Intermediate (WTI) oil was up $1.06, or 3.85%, at $28.62 a barrel at 1347 GMT, after reaching $28.89, it

Published 15 May, 2020 04:39pm

Energy

Oil rises towards $27 as OPEC+ begins record cut

OPEC-led oil supply cut started on May 1 US crude inventories rise less than expected LONDON: Oil ro

Published 01 May, 2020 12:25pm

Energy

Oil heads for steep weekly slide after coronavirus turmoil

Continental to shut in most of its shale production Kuwait to begin production cuts ahead of May 1 L

Published 24 Apr, 2020 01:11pm

Energy

Oil rises as Trump plans to ease lockdown

Brent rose by 54 cents, or 1.9pc, to $28.36 a barrel by 1133 GMT, and US crude for June was up 4 cents, or 0.2pc, a

Published 17 Apr, 2020 12:50pm

Energy

OPEC says oil market undergoing 'historic shock'

The cartel now forecasts a "historical drop" of around 6.8 million barrels per day (mbd) in average daily demand fo

Published 16 Apr, 2020 03:27pm

Energy

Oil prices recover from sharp losses caused by US stockpile surge

Brent crude was down 19 cents, or 0.7pc, at $27.50 a barrel by 0754 GMT. WTI was up 7 cents, or 0.4pc, at $19.94.

Published 16 Apr, 2020 02:12pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 16 Apr, 2020 12:58pm

Energy

UK GAS-Prompt prices fall on warmer weather, higher wind power output

The day-ahead contract was 0.55 pence lower at 14.60 pence per therm by 0822 GMT. Peak wind generation was for

Published 15 Apr, 2020 01:22pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 15 Apr, 2020 01:08pm

Energy

Oil price strikes 2002 low, as demand set to crash

Shortly after, around 0920 GMT, WTI was down 2.3 percent at $19.66 per barrel and Brent showed a 3.6-percent loss a

Published 15 Apr, 2020 10:42am

Energy

Oil slips as producer cuts fail to banish demand fears

Brent futures fell 25 cents, or 0.8pc, to $31.49 a barrel by 0825 GMT after settling 0.8pc higher on Monday. U

Published 14 Apr, 2020 11:11am

Energy

UK GAS-Prices rise on colder weather, lower LNG supplies

The gas system was undersupplied by around 6 million cubic metres (mcm), with demand forecast at 227 mcm and flows

Published 14 Apr, 2020 11:05am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 14 Apr, 2020 11:03am

Energy

Russia's oil output down to 11.24 million bpd on April 1-12

Average oil production in Russia last month was at 11.29 million bpd. The energy ministry did not immediately

Published 13 Apr, 2020 01:56pm

Energy

Oil prices broadly shrug off output cut as demand worries weigh

Brent crude futures were up 14 cents, or 0.4%, at $31.62 a barrel by 1108 GMT, after opening at a session high of $

Published 13 Apr, 2020 01:45pm

Energy

OPEC+ oil deal lifts rouble but raises economic concerns

Oil prices ended Thursday's trade lower before a market holiday on Good Friday, with Brent, a global benchmark for

Published 10 Apr, 2020 01:40pm

Energy

IEA chief hopes G20 meeting will restore stability to oil markets

I hope that it will help restore some much-needed stability to oil markets," Birol said in a statement on Friday.

Published 10 Apr, 2020 01:07pm

Energy

Oil prices rise on hopes OPEC+ will agree supply cuts

Brent crude futures were up 4.9%, or $1.60, at $34.44 a barrel as of 1115 GMT after hitting a high of $34.83 early

Published 09 Apr, 2020 11:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 08 Apr, 2020 03:12pm

Energy

UK GAS-Prices rise as wind power dips, stronger oil boosts curve

Traders said the market remains fundamentally weak but expectations of higher demand for gas from power plants as w

Published 07 Apr, 2020 01:30pm

Energy

Oil rises as hopes build for global production cut

Worldwide oil demand has dropped by as much as 30pc, coinciding with moves by Saudi Arabia and Russia to flood mark

Published 07 Apr, 2020 11:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 06 Apr, 2020 04:28pm

Energy

UK GAS-Prices mixed amid oversupply, lower wind power forecasts

Britain's gas system was oversupplied by 8.8 million cubic metres (mcm) with demand forecast at 195.9 mcm and flows

Published 06 Apr, 2020 01:23pm

Energy

Oil falls after Saudi Arabia, Russia delay meeting

Brent crude fell more than $3 when Asian markets opened but recovered some ground, with traders hopeful that a deal

Published 06 Apr, 2020 11:08am

Energy

Brent crude rises above $32 on hopes of oil output deal

Brent soared as much as 47pc on Thursday for its highest intraday percentage gain on record. Russia and Saudi

Published 03 Apr, 2020 01:15pm

Energy

Oil rises as Trump talks up Saudi-Russia truce, recession fears limit gains

Benchmark Brent, which rose as much as 11pc in early trade, was up 7.6pc at $26.63 a barrel at 1330 GMT, while US c

Published 02 Apr, 2020 02:23pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 02 Apr, 2020 01:06pm

Energy

UK GAS-Prices rise on undersupplied market

The within-day contract was 1.20 pence higher at 18.50 pence per therm by 0905 GMT. Liquefied natural gas send

Published 02 Apr, 2020 12:52pm

Energy

Oil jumps as Trump talks up truce hopes for Saudi-Russia price war

US crude stockpiles rose 13.8 million barrels in their biggest weekly increase since 2016, and analysts expected st

Published 02 Apr, 2020 12:42pm

Energy

Oil falls towards $25 as oversupply fears mount with US inventory rise

Pledges of higher output from Saudi Arabia and Russia after a supply pact collapsed and a slide in demand due to th

Published 01 Apr, 2020 12:45pm

Energy

US natgas little changed as higher oil prices offset lower demand forecast

The amount of gas flowing to US LNG export plants eased to 9.1 bcfd on Monday from 9.3 bcfd on Sunday, according to

Published 31 Mar, 2020 03:35pm

Energy

UK GAS-Prompt prices fall, within-day drops to 2009 low

The within-day contract fell by 2.10 pence to 18.40 pence per therm by 1046 GMT, its lowest level since Oct. 2009.

Published 31 Mar, 2020 01:09pm

Energy

Oil rises after 18-year lows prompt US-Russia talks plan

Brent crude was up 87 cents, or 3.8pc, at $23.63 a barrel by 1106 GMT after closing on Monday at $22.76, its lowest

Published 31 Mar, 2020 12:50pm

Energy

US crude dips below $20 as lockdowns wipe out demand

The international benchmark for oil prices, was down $2.08, or 8.3pc, at $22.85 by 1127 GMT, after earlier dropping

Published 30 Mar, 2020 02:27pm

Energy

Italy's API suspends oil refinery output as coronavirus hits demand

"The depot will continue to operate and to provide products to the area," the spokesman added. LONDON: I

Published 27 Mar, 2020 08:45pm

Energy

Russian oil hold-up threatens Belarus price deal

Two of the sources said that Safmar received a right to export up to 300,000 tonnes of oil to Belarus over April-Ju

Published 27 Mar, 2020 07:05pm

Energy

UK GAS-Prices fall on rising Norwegian supplies, wind power output

The day-ahead contract was down 1.0 pence at 19.00 pence per therm by 0842 GMT. Total LNG send-out is nominate

Published 27 Mar, 2020 12:34pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 27 Mar, 2020 12:27pm

Energy

Oil mixed on stimulus hopes and demands fears

Brent crude was on track for its fifth consecutive weekly drop. By 1029 GMT, it was down 39 cents, or 1.5pc, at $25

Published 27 Mar, 2020 11:32am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 26 Mar, 2020 11:46am

Energy

Oil falls as sinking demand outweighs stimulus hopes

West Texas Intermediate (WTI) crude futures fell 79 cents, or 3.1pc, to $23.70 a barrel. The US Senate on Wedn

Published 26 Mar, 2020 11:33am

Energy

UK GAS-Day-ahead up on colder weather, lower wind forecasts

The day-ahead contract was 0.50 pence higher at 22.15 pence per therm at 0914 GMT. Temperatures are expected t

Published 25 Mar, 2020 02:40pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 25 Mar, 2020 02:37pm

Energy

Oil prices fall as demand woes eclipse US stimulus

Brent crude was down 45 cents, or 1.66pc, at $26.70 per barrel at 1029 GMT after earlier rising to a high of $28.29

Published 25 Mar, 2020 12:29pm

Energy

Russia to boost April oil exports as wrestles Saudi for market share

The plans to increase production and boost overseas supplies follow the collapse early this month of a supply-cut p

Published 25 Mar, 2020 12:11pm

Energy

Oil jumps 3pc towards $28 on Fed steps to support economy

The expected stimulus pushed the US dollar lower against other currencies. A weaker dollar tends to support the pri

Published 24 Mar, 2020 03:38pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 24 Mar, 2020 01:41pm

Energy

UK GAS-Day-ahead price edges higher with wind power output set to dip

Peak wind power generation is forecast at 11.3 gigawatts (GW) on Tuesday, falling to 8.9 GW on Wednesday. Gas

Published 24 Mar, 2020 11:55am

Energy

Oil jumps 5pc to over $28 on Fed steps to support economy

The Fed on Monday rolled out an array of programmes including backing for the first time corporate bond purchases.

Published 24 Mar, 2020 11:25am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 23 Mar, 2020 11:25am

Energy

UK GAS-Prompt prices fall on weak demand, oversupply

Peak wind generation is forecast to remain above normal levels at around 11.3 gigawatts (GW) both on Monday and Tue

Published 23 Mar, 2020 10:37am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 20 Mar, 2020 01:22pm

Energy

UK GAS-Prices fall on higher LNG send-out, Norwegian flows

Gas for immediate delivery fell by 2.00 pence to 23.00 pence per them by 0853 GMT. The system was oversupplied

Published 20 Mar, 2020 01:09pm

Energy

Oil gains as governments pile on the economic stimulus

U.S. crude futures for April rose $2.23 to $27.45. The front-month contract expires later on Friday. The more

Published 20 Mar, 2020 12:16pm

Energy

Oil prices set for biggest weekly drop since 2008

Oil prices bounce 7% on hopes of economic stimulus Analysts slash 2020 oil price forecasts - survey Virus

Published 13 Mar, 2020 01:23pm

Energy

Oil slides by 4pc after Russia rejects steeper OPEC+ cut

OPEC aims to cut output by extra 1.5 mln bpd to end-2020 Wants non-OPEC producers to contribute 500,000 bpd cu

Published 06 Mar, 2020 01:37pm

Energy

Oil up on slowing pace of coronavirus, Venezuela sanctions

Brent was up by 81 cents at $58.56 a barrel by 1309 GMT. The Organization of the Petroleum Exporting Countries

Published 19 Feb, 2020 01:58pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 19 Feb, 2020 10:34am

Energy

UK GAS-Prompt prices mixed amid LNG delays, milder weather forecast

Britain's gas system was undersupplied by 25.2 million cubic metres (mcm), with demand forecast at 279.3 mcm and su

Published 19 Feb, 2020 09:56am

Energy

Oil drops below $57 on coronavirus impact and OPEC+ delay

OPEC+ has shown no sign yet of reacting to the virus-related slump in demand by making additional production cuts.

Published 18 Feb, 2020 01:46pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 18 Feb, 2020 09:57am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 17 Feb, 2020 10:55am

Energy

UK GAS-Prices mixed amid subdued trading

UK gas system was 23.3 million cubic metres (mcm) undersupplied, with demand expected at 262.2 mcm and supply at 23

Published 17 Feb, 2020 10:27am

Energy

Oil prices steady as coronavirus-related demand concerns weigh

Brent crude was at $57.29 a barrel, down 5 cents by 0946 GMT after rising 5.2pc last week, the biggest weekly gain

Published 17 Feb, 2020 10:24am

Energy

Oil prices rise more than 1pc, on course for weekly gain

U.S. West Texas Intermediate (WTI) was 70 cents or 1.4pc higher at $52.12 a barrel, up 3.6pc for the week. The

Published 14 Feb, 2020 01:48pm

Energy

UK GAS-Prices fall as storm Dennis boosts wind power

The within-day contract was down 0.80 pence at 20.70 p/therm by 0858 GMT. The March gas price at the Dutch TTF

Published 14 Feb, 2020 10:39am

Energy

Oil prices steady, on course for weekly gain

Brent crude was up 6 cents or 0.1pc at $56.40 a barrel by 0911 GMT, and has risen 3.4pc since last Friday, its firs

Published 14 Feb, 2020 10:30am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 14 Feb, 2020 10:23am

Energy

COVID-19 causing first drop in oil use in decade: IEA

"Global oil demand has been hit hard by the novel coronavirus (COVID-19) and the widespread shutdown of China's eco

Published 13 Feb, 2020 10:29am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 13 Feb, 2020 09:38am

Energy

OPEC says coronavirus to trim 2020 oil demand, weighs output cut

OPEC said 2020, demand for its crude will average 29.30 million barrels per day (bpd), 200,000 bpd less than previo

Published 12 Feb, 2020 04:14pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 12 Feb, 2020 02:00pm

Energy

UK GAS Prices mostly decline on high wind output

The day-ahead contract was 0.17 pence lower at 22.03 pence per therm by 0913 GMT. Gas for immediate delivery r

Published 11 Feb, 2020 10:59am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are

Published 11 Feb, 2020 10:41am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 10 Feb, 2020 12:31pm

Energy

UK GAS Prices fall on soaring wind power, looming LNG supply

The within-day contract was down 0.75 pence at 22.00 p/therm by 0926 GMT. Six more LNG tankers were added to N

Published 10 Feb, 2020 11:43am

Energy

Oil slips on weaker Chinese demand, traders await OPEC+ cuts

Brent crude slipped to $54.23 a barrel by 0945 GMT, down 24 cents or 0.4pc. U.S. West Texas Intermediate fell

Published 10 Feb, 2020 11:21am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 07 Feb, 2020 10:44am

Energy

UK GAS Prices fall as soaring wind power curbs demand

Peak wind power generation is forecast at 12.7 gigawatts (GW) on Friday and 13.3 GW on Saturday, Elexon data showed

Published 07 Feb, 2020 10:21am

Energy

UK GAS Prices plunge as weak LNG prices add pressure to oversupplied market

China National Offshore Oil Corp (CNOOC) has declared force majeure on prompt LNG deliveries from at least three su

Published 06 Feb, 2020 12:14pm

Energy

Oil rises for a second day as OPEC+ weighs coronavirus action

U.S. West Texas Intermediate (WTI) futures gained 69 cents to $51.44 a barrel after rising 2.3pc on Wednesday.

Published 06 Feb, 2020 10:52am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 06 Feb, 2020 10:46am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 05 Feb, 2020 10:57am

Energy

UK GAS Prompt prices rise on colder weather, lower wind output

Gas supply was robust, however, with flows from Norway increasing by 10 mcm day-on-day to 78 mcm on Wednesday, Gass

Published 05 Feb, 2020 09:50am

Energy

Oil jumps 3pc on reports of effective coronavirus drug

Brent crude oil futures were up $1.76, or 3.2pc, at $55.72 a barrel by 0919 GMT. U.S. West Texas Intermediate

Published 05 Feb, 2020 09:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 04 Feb, 2020 10:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 03 Feb, 2020 12:28pm

Energy

UK GAS Prices fall as LNG and Norwegian supplies increase

The day-ahead contract fell by 0.10 pence to 25.00 pence per therm by 0940 GMT. Liquefied natural gas (LNG) se

Published 03 Feb, 2020 10:25am

Energy

Oil falls as coronavirus hits Chinese crude demand

U.S. West Texas Intermediate (WTI) crude fell 5 cents to $51.51 a barrel, after earlier hitting a session low of $5

Published 03 Feb, 2020 10:20am

Energy

UK GAS Prices decline due to weaker demand and oversupply

Milder weather has reduced heating demand and strong wind output is forecast which reduces demand from gas-to-power

Published 31 Jan, 2020 11:46am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 31 Jan, 2020 10:58am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 30 Jan, 2020 11:41am

Energy

UK GAS Milder weather puts more pressure on prices

The day-ahead contract was down 0.70 pence at 25.50 p/therm by 0930 GMT. Wind generation is robust, which usua

Published 30 Jan, 2020 10:40am

Energy

Oil rises as markets wait on virus impact and U.S. stockpiles fall

Brent crude rose 45 cents, or 0.8pc, to $59.96 a barrel by 1150 GMT. U.S. crude was up 33 cents, or 0.6pc, at

Published 29 Jan, 2020 01:19pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 29 Jan, 2020 12:10pm

Energy

UK GAS Prices fall as temperatures turn warmer and wind power rises

The within-day contract was down 1.00 pence at 27.75 p/therm by 0845 GMT. The day-ahead contract was down 1.40

Published 29 Jan, 2020 11:18am

Energy

Oil rises as markets wait on virus impact, U.S. stocks fall

Brent crude rose 66 cents, or 1.1pc, to $60.17 a barrel by 0951 GMT. U.S. crude was up 62 cents, or 1.2pc, at

Published 29 Jan, 2020 10:51am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 28 Jan, 2020 11:05am

Energy

UK GAS Prices rise on cold weather demand, LNG supply drop

The within-day contract rose 0.45p to 28.25 p/therm by 0920 GMT. The UK gas system was 22.4 million cubic metr

Published 28 Jan, 2020 10:22am

Energy

Oil rout extends to sixth day as China virus death toll rises

Saudi and other OPEC producers, however, sought to downplay demand concerns resulting from the virus outbreak.

Published 28 Jan, 2020 10:16am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 27 Jan, 2020 10:58am

Energy

Oil drops below $60 as China virus drives demand concern

Brent crude fell by $1.79 a barrel, or 2.95pc, to $58.90 by 0903 GMT, its lowest since late October. The losse

Published 27 Jan, 2020 10:34am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 24 Jan, 2020 11:35am

Energy

Oil slips to $62, heads for weekly loss on China virus concerns

China is the world's second-largest oil consumer so any slowdown in travel would show up on demand forecasts.

Published 24 Jan, 2020 10:36am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 22 Jan, 2020 11:55am

Energy

UK GAS Falling demand drags prompt prices down

Gas-for-power demand is expected to drop significantly over the weekend due to a rise in wind generation. Liqu

Published 22 Jan, 2020 10:55am

Energy

Oil slides as IEA surplus forecast overshadows Libya disruption

Brent crude was down 43 cents, or 0.7pc, at $64.16 a barrel at 0941 GMT. The head of the IEA, Fatih Birol, sai

Published 22 Jan, 2020 10:44am

Energy

Oil market shrugs off Libya crisis

Brent crude was down 92 cents at $64.28 a barrel by 1016 GMT, having risen to its highest in more than a week on Mo

Published 21 Jan, 2020 01:19pm

Energy

Oil rises as Libyan oilfields shut down

Brent crude was up 41 cents, or 0.6pc, at $65.26 by 1116 GMT, having earlier touched $66 a barrel. The West Te

Published 20 Jan, 2020 12:12pm

Energy

Russia and Ukraine finalise gas transit deal just before deadline

About 18 percent of the European Union's annual natural gas consumption comes from Russia via Ukraine, which put pr

Published 31 Dec, 2019 12:29pm

Energy

Bulgaria to get Russian gas supplies via TurkStream

New route via the TurkStream pipeline would be more economically viable and could result in around a 5% decrease in

Published 30 Dec, 2019 12:11pm

Energy

Oil prices fall as Russia touts easing OPEC+ output

Russia says OPEC+ may consider easing output cuts, Kuwait-Saudi Neutral Zone dispute nears resolution Hopes of

Published 23 Dec, 2019 12:52pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 19 Dec, 2019 11:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 18 Dec, 2019 01:39pm

Energy

UK GAS-Weakening gas demand drives prompt prices down

Temperatures across Britain are expected to average above the season's norm in the next two days. Gas demand f

Published 18 Dec, 2019 11:40am

Energy

Oil falls as U.S. inventories rise but demand hopes stem bigger drop

U.S. crude inventories climbed 4.7 million barrels in the week to Dec. 13 to 452 million. Data from the U.S. E

Published 18 Dec, 2019 11:31am

Energy

UK GAS-Prompt gas prices rise on lower LNG supplies, rising demand

The average temperature in Britain is expected at 3.8 degrees Celsius on Tuesday. Gas for power generation was

Published 17 Dec, 2019 03:09pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 17 Dec, 2019 12:24pm

Energy

Oil edges further above $65 on trade hopes, supply cuts

The prolonged trade dispute has been a dampener for oil demand and weighed on prices. Banks including JP Morga

Published 17 Dec, 2019 11:53am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 16 Dec, 2019 11:00am

Energy

UK GAS Prompt prices rise on undersupply, LNG supply dip

The within-day contract was up 1.50 pence at 32.75 p/therm by 0925 GMT. The temperatures were 0.4 degrees and

Published 16 Dec, 2019 10:33am

Energy

Oil prices near three month highs on U.S.-China trade deal

Brent crude oil futures rose 17 cents or 0.3pc to $65.39 a barrel by 0940 GMT. Amid rising U.S. oil output, en

Published 16 Dec, 2019 10:08am

Energy

UK GAS Prompt prices fall as temperatures turn warmer

The within-day contract was down 2.50 pence at 33.50 p/therm by 0915 GMT. The January gas price at the Dutch T

Published 13 Dec, 2019 12:36pm

Energy

Oil hits 3-month high as trade hopes, UK election lift sentiment

U.S. sources said on Thursday that Washington has set its terms for a trade deal with Beijing. The alliance, k

Published 13 Dec, 2019 12:00pm

Energy

Oil prices rise on OPEC deficit forecast

OPEC and others including Russia agreed last week to rein in output by an extra 500,000 bpd in the first quarter of

Published 12 Dec, 2019 02:14pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 11 Dec, 2019 01:52pm

Energy

Oil prices drop as trade war concerns haunt market

Crude prices have fallen this week as a Dec. 15 deadline for the next round of US tariffs on Chinese imports loomed

Published 10 Dec, 2019 11:55am

Energy

UK GAS Prices fall as traders expect Russia-Ukraine transit deal

UK market is also pressured by a busy arrival schedule of liquefied natural gas (LNG) tankers. Current deal be

Published 10 Dec, 2019 11:46am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 10 Dec, 2019 11:34am

Energy

UK GAS Prompt prices rise as system heavily undersupplied

The day-ahead gas price at the Dutch TTF hub was down 0.60 euro at 13.60 euros per megawatt hour. The undersup

Published 09 Dec, 2019 11:05am

Energy

Oil prices slip as weak China exports highlight trade war impact

The price drops also put an end to a strong run in previous sessions fuelled by hopes for the OPEC+ production curb

Published 09 Dec, 2019 10:59am

Energy

OPEC agrees oil output cuts after much 'brain squeezing'

World oil prices surged in response, with US benchmark WTI and its European counterpart Brent both rising two perce

Published 06 Dec, 2019 08:20pm

Energy

Oil dips as OPEC weighs deeper output cuts

Brent crude futures were down 14 cents, or 0.22pc, to $62.86 a barrel at 0845 GMT. Oil prices surged on Wednes

Published 05 Dec, 2019 11:12am

Energy

OPEC and allies prepare to deepen oil output cuts

OPEC+ has curbed supply since 2017 to counter booming output from the United States. The current cuts expire i

Published 05 Dec, 2019 11:02am

Energy

UK GAS Warming temperatures push British gas prices lower

The LNG (liquefied natural gas) arrival rate and current storages status ensure sendout will remain high. Aver

Published 05 Dec, 2019 10:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 04 Dec, 2019 01:07pm

Energy

Oil rises 1pc before OPEC meeting to discuss output pact

Oil prices are being held back by the uncertainty over prospects for a trade deal between the United States and Chi

Published 04 Dec, 2019 11:23am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Updated 13 Jan, 2020 11:09pm

Energy

Oil higher as Saudi pushes for further supply cuts

OPEC ministers will meet in Vienna on Thursday and the wider OPEC+ group will gather on Friday. While OPEC may

Published 03 Dec, 2019 10:57am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 02 Dec, 2019 02:14pm

Energy

Oil jumps above $61 on talk of further OPEC+ supply curbs

OPEC's ministers will meet in Vienna on Thursday and the wider OPEC+ group will gather on Friday. The so-calle

Published 02 Dec, 2019 01:29pm

Energy

Turkey and Azerbaijan mark completion of TANAP pipeline to take gas to Europe

TANAP comprises the longest stretch of the $40 billion Southern Gas Corridor, a series of pipelines that will carry

Published 30 Nov, 2019 08:15pm

Energy

OPEC November oil output slips before Aramco IPO, policy meeting

Saudi oil output edges lower after Oct recovery, Nigeria still exceeds quota by largest margin Angolan output

Published 29 Nov, 2019 08:30pm

Energy

Russia's Gazprom posts 45pc fall in Q3 net profit on lower export prices, volumes

Gazprom, the world's top conventional gas producer, said its total sales were 1.6 trillion roubles in the third qua

Published 29 Nov, 2019 11:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 29 Nov, 2019 11:13am

Energy

UK GAS Prompt prices rise as temperatures turn cooler

The day-ahead gas price at the Dutch TTF hub was up 0.65 euro at 16.25 euros per megawatt hour. Peak wind powe

Published 29 Nov, 2019 10:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 28 Nov, 2019 01:16pm

Energy

UK GAS Most prices edge lower on expectation of milder cold spell

The within-day contract dropped 0.45 pence to 41.25 p per therm by 0940 GMT. Gas-for-power demand is also expe

Published 28 Nov, 2019 12:59pm

Energy

Oil falls as US rights bill fuels tensions with China

Brent crude was down 26 cents, or 0.4pc, at $63.80 a barrel by 1038 GMT. West Texas Intermediate crude fell 27

Published 28 Nov, 2019 11:23am

Energy

UK GAS Prices edge up as supplies, temperatures dip

The day-ahead contract moved 0.35 pence higher to 41.20 pence per therm by 0845 GMT. November's LNG imports to

Published 27 Nov, 2019 11:21am

Energy

Oil steadies as trade optimism counterweighs U.S. stockpile build

Oil had risen for the last two days on expectations that China and the United States. The producers, known as

Published 27 Nov, 2019 10:37am

Energy

Oil firms as optimism returns to US-China trade talks

The international benchmark for oil prices, was up 20 cents at $63.85 at 0958 GMT. The call took place amid he

Published 26 Nov, 2019 01:38pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 26 Nov, 2019 11:49am

Energy

UK GAS Prices mixed as chill due to set in later in week

Britain's LNG imports are set to triple this year compared to 2018 due to a surge in LNG production globally.

Published 25 Nov, 2019 11:14am

Energy

UK GAS Prices rise as storage withdrawals, LNG supplies fall

The within-day contract rose 0.75 pence to 43.00 pence per therm at 0845 GMT. The day-ahead contract was yet t

Published 22 Nov, 2019 11:48am

Energy

UK GAS Prices rise as supplies from LNG terminals drop

Traders said send-out from many from some of the country's LNG terminals was much lower on Thursday. The day-a

Published 21 Nov, 2019 11:07am

Energy

Oil drops as US-China standoff extends beyond trade

The Organization of the Petroleum Exporting Countries meets on Dec. 5 in Vienna. US President Donald Trump is

Published 21 Nov, 2019 10:40am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Those likely to perform ship-to-s

Published 20 Nov, 2019 01:26pm

Energy

Oil prices extend losses on supply, trade war fears

Crude inventories in the United States rose by 6 million barrels last week to 445.9 million. U.S. crude demand

Published 20 Nov, 2019 01:13pm

Energy

UK GAS Prompt falls due to milder weather; strong wind power, LNG feed demand

Gas for within-day delivery was 0.25 pence lower at 39.50 pence/therm. Strong power generation from wind turbi

Published 20 Nov, 2019 01:08pm

Energy

Russian 2019 oil output seen at 11.17-11.25mn bpd

Russia, which is part of a global deal to curb oil production, will aim to stick to its commitments under the deal

Published 20 Nov, 2019 12:07pm

Energy

Oil prices little changed amid concerns about rising supplies

IEA sees major challenge to OPEC+ oil demand in 2020 Prospects rise for extension of OPEC+ cuts White Hou

Published 15 Nov, 2019 02:09pm

Energy

Oil prices creep higher on tentative US-China hopes

Iranian Oil Minister was quoted as saying that he expects further production cuts to be agreed at the next meeting

Published 04 Nov, 2019 12:55pm

Energy

Oil falls on weak Chinese industrial data

Brent crude down 23 cents, or 0.4%, at $61.79 a barrel by 1147 GMT, having gained more than 4% last week, its best

Published 28 Oct, 2019 12:47pm

Energy

Oil prices steady, on track for large weekly gain

US crude stocks fell unexpectedly last week OPEC and allies consider deeper oil cuts Weak economic outloo

Published 25 Oct, 2019 12:20pm

Energy

Oil slips below $61 as weak demand outlook weighs

US crude inventories register surprise drop Sentiment dented by economic outlook Prospects of further act

Published 24 Oct, 2019 11:03am

Energy

Oil slips as US stocks rise; prospect of OPEC action supports

US crude stocks rose by 4.5 mln bbls - API, OPEC, allies to mull deeper production cuts. Weak demand growth

Published 23 Oct, 2019 12:03pm

Energy

Oil rises on optimism about prospects for a US-China deal

China says progress made in trade talks with United States US crude stockpiles seen higher for sixth week - po

Published 22 Oct, 2019 11:50am

Energy

Oil prices fall as global demand concerns grow

China seeks $2.4 billion in sanctions against US Russia reports oil output above OPEC+ quota in September

Published 21 Oct, 2019 12:50pm

Energy

Oil ticks up as rising crude stocks are offset by products demand

Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world's biggest oil consumer.

Published 18 Oct, 2019 03:06pm

Energy

UK GAS prices decline on lower consumption forecasts

The November gas contract was 0.50 p lower at 41.50 p/therm. The UK gas system was balanced on Thursday with d

Published 17 Oct, 2019 11:10am

Energy

Oil slips further below $59 on weaker economic outlook

The global benchmark, slipped 16 cents to $58.58 a barrel by 0850 GMT. OPEC, Russia and other producers have a

Published 16 Oct, 2019 11:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Tankers heading for Belgium and Britain may be loading at the terminal. Often revised by port authorities and

Published 16 Oct, 2019 11:33am

Energy

Rosneft sees 2019 oil and gas output at last year's levels

OPEC restrictions.So we will act under instructions from the energy ministry. MOSCOW: Russian oil producer Ro

Published 15 Oct, 2019 12:04pm

Energy

Oil prices fall nearly 2pc on China data, trade war jitters

"The oil market saw sharp losses as the first steps taken by the U.S. and China were seen with caution" The U.

Published 15 Oct, 2019 11:28am

Energy

Putin discussed oil prices with Saudi leaders

Vladimir Putin had discussed oil prices with Saudi King Salman. A substantial exchange of opinions took place,

Published 14 Oct, 2019 07:35pm

Energy

UK GAS-Prompt prices jump as gas for power demand rises

The UK gas system was undersupplied with demand forecast at 209.5 million cubic metres (mcm) and supplies seen at 2

Published 14 Oct, 2019 12:40pm

Energy

Oil falls due to caution over first phase of U.S.-China trade deal

The oil market is taking a cautious stance as to what comes next given that the thorny issues of industrial policy.

Published 14 Oct, 2019 11:20am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. The following liquefied natural

Published 14 Oct, 2019 10:44am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon.

Published 10 Oct, 2019 01:45pm

Energy

OPEC oil production drops after attacks on Saudi installations

The OPEC oil cartel saw its crude production fall in September. The Organization for the Petroleum Exporting C

Published 10 Oct, 2019 01:37pm

Energy

UK GAS Prices down on strong wind output, LNG supply

Liquefied natural gas (LNG) send-out is expected to be higher than previously forecast for this month. Peak wi

Published 10 Oct, 2019 11:19am

Energy

Nigeria lands higher oil output target in OPEC+ cut deal

The country's allocation was increased to 1.774 million barrels per day (bpd) from 1.685 million bpd at the last OP

Published 09 Oct, 2019 01:11pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. Estimated arrival dates, often re

Published 09 Oct, 2019 11:22am

Energy

UK GAS-Prices fall on more supply, high winds

Gas-for-power demand is low at 40 mcm compared to levels of between 50 and 60 mcm last week. Peak wind generat

Published 09 Oct, 2019 11:03am

Energy

Russia's Rosneft tenders to sell diesel and marine gasoil for delivery in 2020

The default payment currency is the euro. The tenders will close on Nov. 25 at 2200 Moscow time (1900 GMT).

Published 09 Oct, 2019 10:11am

Energy

Russia forecasts oil price at $50

One of the world's biggest energy producers, is basing its economic forecasting on an oil price of $50 per barrel.

Published 08 Oct, 2019 04:13pm

Energy

UK GAS-Prices rise on reduced Norway flows and cooler weather

Lower gas imports from Norway and expected colder weather were behind the rise in British gas prices. Prices r

Published 08 Oct, 2019 10:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas tankers are expected to arrive in Britain, Belgium and the Netherlands in the c

Published 08 Oct, 2019 10:17am

Energy

Oil climbs on Iraq and Ecuador unrest, regional tensions

"Oil prices could be in for a sustained rally if the (U.S.) tariffs were to be put on hold indefinitely, which coul

Published 08 Oct, 2019 09:43am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in

Published 07 Oct, 2019 01:10pm

Energy

UK GAS-Prices fall as high wind power output, milder weather curb demand

British wholesale gas prices fell on Monday morning as strong output from the country's wind farms and forecasts fo

Published 07 Oct, 2019 12:24pm

Energy

Oil prices up as U.S.-China trade talks loom, supply issues mount

Oil prices were up on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to

Published 07 Oct, 2019 10:42am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in

Published 04 Oct, 2019 12:40pm

Energy

GAS Prices rise due to undersupply, lower Norway flows

Gas prices rose on Friday morning as the system was undersupplied due to reduced Norwegian flows and injections int

Published 04 Oct, 2019 12:11pm

Energy

BP chief executive Dudley stepping down

BP said Friday that Chief Executive Bob Dudley. BP clocked up vast losses on clean-up and compensation costs a

Published 04 Oct, 2019 10:58am

Energy

UAE's ADNOC offers LNG cargo for Nov loading

Abu Dhabi National Oil Co has offered a liquefied natural gas (LNG) cargo for loading at its Das Island plant in No

Published 03 Oct, 2019 12:45pm

Energy

Oil slips further below $58 as economic gloom weighs

Oil slipped further below $58 a barrel on Thursday, pressured by concerns about global economic growth. "It is

Published 03 Oct, 2019 12:29pm

Energy

Russia's Rosneft seeks euros for all new export deals

Russia's Rosneft has set the euro as the default currency for all its new export contracts including for crude oil,

Published 03 Oct, 2019 12:05pm

Energy

Venezuela says wants to double oil production next year

Venezuela, the biggest exporter of oil in South America. Venezuela is home to the largest proven oil reserves

Published 03 Oct, 2019 11:01am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming we

Published 03 Oct, 2019 09:49am

Energy

GAS Prices fall on higher Norwegian flows, strong wind power output

Gas prices fell on Wednesday as an increase in imports from Norway and strong wind power generation left the market

Published 02 Oct, 2019 12:18pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming we

Published 02 Oct, 2019 12:07pm

Energy

Oil prices mixed ahead of U.S. crude stocks data

Oil prices were mixed on Wednesday as Brent crude extended losses partly in response to weak global stock markets.

Published 02 Oct, 2019 11:38am

Energy

Russia's Lukoil sells rare Arctic crude oil to China

Russia, the world's second-largest oil producer, has been exploring ways to ship more of its crude from the country

Published 02 Oct, 2019 11:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Some tankers heading for Belgium and Britain may be loading at the terminal. The following liquefied natural g

Published 01 Oct, 2019 12:47pm

Energy

Oil drops as Saudi eyes non-military solution to Iran crisis

Oil prices fell more than one percent Monday after Saudi Arabia's de facto leader said war with Iran would destroy

Published 30 Sep, 2019 12:30pm

Energy

Russia's Rosneft opens new offshore oil deposit near Sakhalin

Rosneft said on Monday it had opened a new offshore oil deposit after exploratory drilling at its East Pribrezhny

Published 30 Sep, 2019 11:15am

Energy

Oil steady as trade optimism rises but Saudi supply weighs

"The oil market has seemingly returned to business as usual," Crude futures were pressured by sluggish economi

Published 26 Sep, 2019 01:15pm

Energy

Saudi Aramco restores oil output earlier than expected

The attacks initially sent oil prices up 20pc although they dropped soon after as the kingdom pledged to bring back

Published 25 Sep, 2019 12:59pm

Energy

Oil prices fall due to weak economic data, Saudi output recovery

Oil prices remain at comparatively elevated levels for the year in the wake of the Sept. 14 attack on Saudi Arabia'

Published 24 Sep, 2019 02:23pm

Energy

Prompt prices climb slightly on higher gas-for-power demand

British prompt wholesale gas prices edged up on Tuesday morning. The rise was limited due to full storage and

Published 24 Sep, 2019 09:55am

Energy

GAS prices Prompt prices edge higher on undersupply

Britain's gas system was undersupplied with demand forecast at 159.1 million cubic metres (mcm) and flows seen at 1

Published 23 Sep, 2019 11:08am

Energy

GAS prices Prompt prices slip as strong wind power curbs demand

"Low gas for power demand is the main generator of physical oversupply," France is a net power exporter in Eur

Published 20 Sep, 2019 12:25pm

Energy

Oil extends declines after Saudi pledge to restore lost output

Saudi Arabia to restore oil output by Sept 30 -energy minister US says it believes Saudi attack came from sout

Published 18 Sep, 2019 11:57am

Energy

Oil sinks 5pc on forecasts of quick Saudi output recovery

North Sea Brent crude oil for delivery in November was trading at $65.35 in London, a drop of 5.35 percent compared

Published 17 Sep, 2019 03:04pm

Energy

Prices fall as supply risks diminish

The British gas system was slightly undersupplied on Tuesday. The oil market also remains on high alert to the

Published 17 Sep, 2019 09:54am

Energy

Oil up 10pc on Saudi attacks, stockpile hopes pare early gains

Brent, WTI rise to highest since May Brent posts biggest percentage gain since 1991 Gulf crisis Attack on

Published 16 Sep, 2019 01:57pm

Energy

OPEC says too early for any action on oil after Saudi attacks

UAE says it's still early for emergency OPEC meeting. Non-Saudi OPEC spare capacity mostly in UAE, Kuwait -IEA

Published 16 Sep, 2019 11:25am

Energy

Day-ahead price up on strong oil, within-day falls

The British gas system was slightly undersupplied, with demand forecast. Gas prices rose on colder weather and

Published 16 Sep, 2019 11:23am

Energy

Oil soars after Saudi supply shock, stocks slide

Brent rallies on fears of global supply disruption. Stocks slip, safe-haven gold and Japanese yen rise.

Published 16 Sep, 2019 11:18am

Energy

Oil slips towards $60 on demand worries, despite trade hopes

Brent crude heads for 1st weekly loss in five IEA, OPEC see oil surplus in 2020 Trump doesn't rule out in

Published 13 Sep, 2019 12:03pm

Energy

Oil prices fall after OPEC+ talks, ECB rate cut

IEA says balancing market in 2020 will be "daunting". No discussion of deeper OPEC+ cuts before Dec - Saudi.

Published 12 Sep, 2019 01:50pm

Energy

OPEC urges further production restraint

PARIS: The OPEC oil cartel urged continued production restraint Wednesday, saying output gains are still expected to

Published 11 Sep, 2019 12:07pm

Energy

Europe Gasoline/Naphtha-Margins rise slightly after ARA, US stocks draw

LONDON: Northwest European gasoline refining margins rose slightly on Thursday following sharp drops in ARA and US inven

Published 05 Sep, 2019 07:51pm

Energy

Oil trader Vitol sees softer oil price in short term

LONDON: The chief executive of the world's biggest oil trader, Vitol, told Reuters he expects a weaker oil price in

Published 05 Sep, 2019 01:23pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 04 Sep, 2019 08:56pm

Energy

Europe Gasoline/Naphtha-Margins weaken as exports slow

LONDON: Northwest European gasoline refining margins dropped on Wednesday to their lowest since late June at $6.3 per ba

Published 04 Sep, 2019 08:50pm

Energy

Oil prices rise over 1 percent, but economic worries loom

LONDON: Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China's services sector

Published 04 Sep, 2019 02:55pm

Energy

Oil drops 2pc as trade war rumbles on and output swells

LONDON: Oil prices fell by 2% on Tuesday, weighed down by rising OPEC and Russian oil output as well as the protract

Published 03 Sep, 2019 12:31pm

Energy

UK GAS-Prompt prices plunge to multi-year lows on over supply

LONDON: British wholesale gas prices plunged on Monday due to a surge in supply and lower than expected demand, accelera

Published 02 Sep, 2019 09:29pm

Energy

Europe Gasoline/Naphtha-Margins tick up to just under $10/bbl

LONDON: Northwest European gasoline refining margins rose on Monday, helped by lower crude prices. Iranian oil produc

Published 02 Sep, 2019 09:14pm

Energy

Prices plunge on strong oversupply

LONDON: British wholesale gas prices plunged on Monday morning due to strong oversupply caused by a supply jump and lowe

Published 02 Sep, 2019 10:28am

Energy

Russian oil output highest since March, tops cap target

MOSCOW: Russian oil production <C-RU-OUT> in August rose to 11.294 million barrels per day (bpd), topping the rate

Published 02 Sep, 2019 07:17am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 Aug, 2019 08:03am

Energy

Gazprom's Baltic LNG project needs state support: Russian PM

MOSCOW: Gazprom's new chemical and liquefied natural gas project in the Baltic port of Ust-Luga will be impossible to bu

Published 29 Aug, 2019 08:04pm

Energy

Europe Distillates-Diesel cracks gain after ARA stocks draw

LONDON: Benchmark northwest European diesel refining margins rose slightly on Thursday after a small decline in regional

Published 29 Aug, 2019 08:03pm

Energy

Europe Gasoline/Naphtha-Margin dips on weaker arbitrage

LONDON: Northwest European gasoline refining margins dipped slightly on Thursday on slowing arbitrage to the United Stat

Published 29 Aug, 2019 07:10pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 28 Aug, 2019 08:28am

Energy

Diesel cracks slip on higher crude prices

LONDON: Benchmark northwest European diesel refining margins fell on Tuesday, pressured by rising oil prices.

Diese

Published 27 Aug, 2019 07:55pm

Energy

Oil rises as hopes grow for US-China trade breakthrough

LONDON: Oil prices rose on Tuesday after US President Donald Trump predicted a trade deal with China after positive

Published 27 Aug, 2019 01:06pm

Energy

Ukraine winter season gas reserves rise to 17.8 bcm

KIEV: Ukraine had stored 17.8 billion cubic metres (bcm) of gas by Aug. 25, as the country looks to stockpile at least 2

Published 27 Aug, 2019 09:12am

Energy

Oil rises on hopes of easing US-China trade tension

LONDON: Oil prices rose on Monday after the United States and China both suggested they could ease up in a trade war

Published 26 Aug, 2019 12:32pm

Energy

Oil prices slides 3pc as US-China trade war escalates

NEW YORK: Oil prices fell nearly 3% on Friday after China unveiled retaliatory tariffs against about $75 billion worth o

Published 23 Aug, 2019 07:22pm

Energy

Oil prices steadies as markets await Fed steer

LONDON: Oil prices steadied on Friday, on track for a weekly gain, with attention focused on a speech by U.S. Federal Re

Published 23 Aug, 2019 09:10am

Energy

Europe Distillates-Diesel cracks slip, ARA stocks down

LONDON: Benchmark northwest European diesel refining margins fell on Thursday but a sharp drop in regional stocks capped

Published 22 Aug, 2019 07:25pm

Energy

Oil rises further above $60, Jackson Hole summit in focus

LONDON: Oil rose further above $60 a barrel on Thursday, supported by a drop in US crude inventories and OPEC-led su

Published 22 Aug, 2019 12:58pm

Energy

Norway's oil industry trims 2019 investment forecast

OSLO: Oil and gas companies working in Norway have slightly cut their 2019 investment forecasts since May, a survey by t

Published 22 Aug, 2019 10:14am

Energy

Alberta's smaller oil producers eye output boost after curbs lifted

WINNIPEG: Small and mid-sized Alberta oil producers are looking to increase drilling as early as this autumn after the C

Published 21 Aug, 2019 10:11pm

Energy

Increased external risks fuel German business uncertainty - ministry

BERLIN: The German economy is facing increased headwinds from abroad and this is fuelling business uncertainty, the fina

Published 21 Aug, 2019 10:10pm

Energy

Oil up over 1pc, buoyed by US stock drawdown

LONDON: Crude oil futures rose more than 1% on Wednesday after industry data showed a larger than expected drop in U

Published 21 Aug, 2019 01:02pm

Energy

Prices strengthen as gas field outage extended

LONDON: British wholesale gas prices rose on Wednesday, despite an oversupplied market, as an unplanned outage at a gas

Published 21 Aug, 2019 09:45am

Energy

Oil edges lower, but hopes on easing trade tensions cap losses

LONDON: Oil prices edged lower on Tuesday on persisting concerns over demand, but optimism US-China trade tensions w

Published 20 Aug, 2019 02:37pm

Energy

Prices rise on unplanned outage, lower wind output

LONDON: British wholesale gas prices rose on Tuesday morning due to an unplanned outage at a gas field and lower wind ou

Published 20 Aug, 2019 10:12am

Energy

Oil up after drone attack on Saudi field, but OPEC report caps gains

LONDON: Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as

Published 19 Aug, 2019 02:13pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Aug, 2019 02:10pm

Energy

Prices mixed on oversupply, wind power output

British prompt prices were mixed on Monday morning, with the within-day falling due to an oversupplied system and the da

Published 19 Aug, 2019 10:25am

Energy

Oil rises after drone attack on Saudi field

LONDON: Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as

Published 19 Aug, 2019 09:58am

Energy

Gazprom's gas exports to non-CIS down 4.7pc y/y so far this year

MOSCOW: Russian state gas giant Gazprom said on Friday that its natural gas exports outside the former Soviet Union fel

Published 16 Aug, 2019 02:32pm

Energy

Russia's oil output rises to 11.32 mn bpd in Aug

MOSCOW: Oil production in Russia rose to an average 11.32 million barrels per day (bpd) in the first half of August, Int

Published 16 Aug, 2019 11:47am

Energy

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

LONDON: OPEC on Friday provided a downbeat oil-market outlook for the rest of 2019 as economic growth slows and highligh

Published 16 Aug, 2019 11:25am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 16 Aug, 2019 11:18am

Energy

Oil rises 2pc as recession fears

MOSCOW: Crude oil prices rose more than 2pc on Friday, recovering from two days of declines after data showing a rise in

Published 16 Aug, 2019 11:11am

Energy

Prompt prices rise on pending Norwegian maintenance

LONDON: British gas prices rose in early trade on Friday supported by upcoming maintenance in Norway.

Day-ahead gas

Published 16 Aug, 2019 10:34am

Energy

Oil rises 2pc as recession fears recede

MOSCOW: Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in

Published 16 Aug, 2019 10:20am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Aug, 2019 12:21pm

Energy

Oil slips further below $60 on recession concerns, US supply

LONDON: Oil slipped further below $60 a barrel on Thursday, extending the previous session's 3% drop, pressured by mount

Published 15 Aug, 2019 11:44am

Energy

Russia's oil export duty to decline to $90.7/T in Sept

MOSCOW: Russia's oil export duty is expected to fall to $90.7 per tonne in September from $94.1 per tonne in August foll

Published 15 Aug, 2019 11:39am

Energy

Oil deepens slide towards $58 on recession fears, US supply

LONDON: Oil fell 2pc towards $58 a barrel on Thursday, extending the previous session's 3pc drop, pressured by mounting

Published 15 Aug, 2019 11:17am

Energy

Oil prices fall on weak global economic data

LONDON: Oil prices fell on Wednesday on weak global economic data and a rise in US crude inventories, almost erasing the

Published 14 Aug, 2019 04:23pm

Energy

Russia's Rosneft asks buyers for euro payments in naphtha tender

MOSCOW: Russian state oil company Rosneft has for the first time asked buyers to use the euro as the default currency in

Published 14 Aug, 2019 03:35pm

Energy

Oil edges up despite IEA report showing demand growth at decade low

LONDON: Oil prices inched higher on Friday supported by expectations of more OPEC production cuts despite the Internatio

Published 09 Aug, 2019 03:43pm

Energy

Global economic uncertainty threatens oil demand: IEA

PARIS: Concerns over the health of the global economy, marked by the US-China trade dispute, forced the International En

Published 09 Aug, 2019 11:01am

Energy

UK GAS-Prices fall as high wind power depresses demand

British wholesale gas prices fell on Thursday as sharply higher wind power generation weighed on gas-for-power demand in

Published 08 Aug, 2019 12:20pm

Energy

Oil rises due to firm yuan, expectations of more OPEC cuts

LONDON: Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts

Published 08 Aug, 2019 12:07pm

Energy

Oil rises due to firm yuan, expectations of more OPEC cuts

LONDON: Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts

Published 08 Aug, 2019 11:00am

Energy

Saudi Aramco valuation gap persists as IPO talks resume-sources

LONDON: Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though s

Published 08 Aug, 2019 08:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Aug, 2019 12:38pm

Energy

UK GAS-Prices rise as increased IUK exports help lessen oversupply

British wholesale gas prices rose on Wednesday, partly correcting the previous day's losses, as exports through the Inte

Published 07 Aug, 2019 12:02pm

Energy

Oil sets new seven-month low on trade tensions

LONDON: Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-US trade tensions weigh

Published 07 Aug, 2019 11:39am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

T The following liquefied LNG tankers heading to Britain, Belgium and the Netherlandss are expected to arrive in Britain

Published 07 Aug, 2019 06:55am

Energy

Europe Gasoline/Naphtha-Cracks slip, exports pick up

LONDON: Northwest European gasoline refining margins fell on Tuesday amid as several new cargoes were booked out of the

Published 06 Aug, 2019 04:13pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 Aug, 2019 12:02pm

Energy

Prices fall in oversupplied market capped by high storage

LONDON: British wholesale natural gas prices fell on Tuesday as weak demand and a slight increase in production led to a

Published 06 Aug, 2019 11:14am

Energy

Oil down more than 1.5pc as trade war concerns hit demand outlook

LONDON: Oil prices fell on Monday on global growth concerns after US President Donald Trump last week threatened China w

Published 05 Aug, 2019 04:06pm

Energy

Papua New Guinea LNG plant offers two cargoes for end Sept-early Oct delivery

LONDON: Exxon Mobil Corp's Papua New Guinea liquefied natural gas (LNG) export plant has offered two cargoes for deliver

Published 05 Aug, 2019 02:32pm

Energy

Oil prices fall as trade war concerns hit demand outlook

LONDON: Oil prices fell on Monday on global growth concerns after US President Donald Trump threatened China with more t

Published 05 Aug, 2019 02:31pm

Energy

Angola LNG offers late Aug-early Sept delivery cargo

LONDON: Angola's liquefied natural gas (LNG) project has offered a cargo for delivery over late August and early Septemb

Published 05 Aug, 2019 01:58pm

Energy

Prices fall as some UK gas fields start to ramp up

LONDON: British wholesale natural gas prices fell on Monday as some domestic fields started to ramp up after maintenance

Published 05 Aug, 2019 10:27am

Energy

Oil prices fall as trade war concerns hit demand outlook

LONDON: Oil prices fell on Monday on renewed global economic growth concerns after US President Donald Trump threatened

Published 05 Aug, 2019 09:51am

Energy

UK GAS-Prices fall as some UK gas fields start to ramp up

LONDON: British wholesale natural gas prices fell on Monday as some domestic fields started to ramp up after maintenance

Published 05 Aug, 2019 09:43am

Energy

Ukraine winter season gas reserves rise to 16.1 bcm

KIEV: Ukraine, which wants to stockpile at least 20 billion cubic metres (bcm) of gas for the 2019/20 heating season, ha

Published 05 Aug, 2019 08:57am

Energy

UK GAS-Prices fall as Norwegian flows increase

LONDON: British wholesale gas prices fell on Friday, partly a correction of the previous day's gains, while an increase

Published 02 Aug, 2019 10:49am

Energy

Oil prices regain ground after plunge on Trump's tariff vow

LONDON: Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on US President Donald

Published 02 Aug, 2019 10:38am

Energy

LNG traders consider shipping options, betting on winter demand

SINGAPORE: Traders are starting to make enquiries to book vessels to store or ship liquefied natural gas (LNG) as they b

Published 02 Aug, 2019 10:32am

Energy

Prices fall as Norwegian flows increase

LONDON: British wholesale gas prices fell on Friday, partly a correction of the previous day's gains, while an increase

Published 02 Aug, 2019 09:08am

Energy

Rising fuel costs crimp profits at IAG airline group

London: Rising effective fuel costs helped push operating profits lower at British Airways parent company IAG in the fir

Published 02 Aug, 2019 08:43am

Energy

European gas price slump yet to find a floor as inventories burst

LONDON: A protracted decline in European gas prices, which has hurt some energy firms but may prove a boon to buyers, ha

Published 02 Aug, 2019 06:39am

Energy

Oil drops to $64 on Fed outlook, ample supply

LONDON: Oil dropped to around $64 a barrel on Thursday, declining for the first time in six days, after the US Federal R

Published 01 Aug, 2019 03:43pm

Energy

Russia's Rosneft grows in gas filling stations at home

MOSCOW: Russia's biggest oil company Rosneft has increased the number of its domestic gas filling stations by 5pc after

Published 01 Aug, 2019 03:37pm

Energy

Russia's Gazprom non-CIS gas exports down 4.8pc in Jan-July

MOSCOW: Russian state gas giant Gazprom's natural gas exports outside the former Soviet Union declined by 4.8pc to 111.5

Published 01 Aug, 2019 03:16pm

Energy

ARA fuel oil stocks up 19pc

LONDON: Fuel oil stocks in independent storage at the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose ne

Published 01 Aug, 2019 03:11pm

Energy

Iran's crude exports are down, but estimates of how much vary wildly: Russell

LAUNCESTON: Iran's crude oil exports last month were either less than two supertankers' worth, or as much as one of the

Published 01 Aug, 2019 01:00pm

Energy

Oil drops below $65 on Fed outlook, ample supply

LONDON: Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the US Federal Reser

Published 01 Aug, 2019 12:55pm

Energy

Shell blames lower energy prices for profit squeeze

LONDON: Energy giant Royal Dutch Shell said Thursday its net profit was halved in the second quarter due to lower oil an

Published 01 Aug, 2019 09:17am

Energy

Libya's biggest oilfield shut, NOC declares force majeure

LONDON: Libya's Sharara oilfield, the country's largest, was forced to shut down after a valve on the pipeline linking i

Published 31 Jul, 2019 03:31pm

Energy

Russia hands Ukrtransnafta 2.3 mln euros in dirty oil compensation - RIA

MOSCOW: Ukrainian pipeline operator Ukrtransnafta said on Wednesday it had received 2.3 million euros ($2.56 million) fr

Published 31 Jul, 2019 02:56pm

Energy

ESPO blend crude oil exports from Kozmino port set to decline by 13pc in Sept/Aug - schedule

MOSCOW: ESPO Blend crude oil <ESPO-DUB> loadings from Russia's Pacific port of Kozmino are set to fall to 2.4 mill

Published 31 Jul, 2019 02:52pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 31 Jul, 2019 08:07am

Energy

Europe Gasoline/Naphtha-Margins receive export lift

LONDON: Northwest European gasoline refining margins firmed on Tuesday, boosted by strong export demand, particularly on

Published 30 Jul, 2019 04:06pm

Energy

Oil prices boosted by expectations of Fed rate cut

LONDON: Oil prices rose for a fourth day on Tuesday on optimism the US Federal Reserve will this week cut interest rates

Published 30 Jul, 2019 01:25pm

Energy

Oil gains on prospect of US interest rate cut

LONDON: Oil prices rose on Monday as the prospect of an expected interest rate cut by the US Federal Reserve overshadowe

Published 29 Jul, 2019 02:16pm

Energy

Russia's Rosneft sells 3 Sept ESPO cargoes to Vitol, ChemChina - sources

SINGAPORE: Russia's Rosneft has sold three cargoes of 740,000 barrels each of September-loading ESPO Blend crude oil at

Published 29 Jul, 2019 12:55pm

Energy

Oil loses ground on pessimism over US-China trade talks

LONDON: Oil prices weakened on Monday amid pessimism over US-China trade talks and the prospect of slower economic growt

Published 29 Jul, 2019 11:26am

Energy

Russia offers to extend Ukraine gas transit deal

MOSCOW: Russia has proposed extending by another year a current gas transit deal with Ukraine, its energy minister s

Published 26 Jul, 2019 08:36pm

Energy

LNG-Asian prices drop on lack of demand to offset oversupply

LONDON: Spot liquefied natural gas (LNG) prices in Asia dropped this week as no substantial demand emerged to offset an

Published 26 Jul, 2019 04:16pm

Energy

Oil on track for weekly gain as Iran tensions support

LONDON: Oil prices rose on Friday and were on track for a weekly increase as geopolitical tensions over Iran remaine

Published 26 Jul, 2019 01:31pm

Energy

Russia wants short-term gas deal with Ukraine before bypass routes done

MOSCOW: Russia wants to strike a short-term deal with Kiev on gas transit to Europe when the current ten-year deal expir

Published 26 Jul, 2019 08:22am

Energy

Eni misses expectations in Q2 as profits drop 27%

MILAN: Italian energy group Eni said its adjusted net profit in the second quarter fell 27% on the year to miss expectat

Published 26 Jul, 2019 06:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 25 Jul, 2019 04:06pm

Energy

Surgutneftegaz sells 260,000 T of August-loading Urals crude above dated Brent

MOSCOW: Russia's Surgutneftegaz on Wednesday sold in a spot tender 260,000 tonnes of Urals crude oil for loading from No

Published 25 Jul, 2019 03:23pm

Energy

OPEC+ ministerial panel to meet on Sept. 12

LONDON: A panel of OPEC and non-OPEC ministers which reviews the producers' deal on limiting oil supply will next meet o

Published 25 Jul, 2019 11:54am

Energy

Oil rises on US stock decline, but manufacturing slowdown caps gains

LONDON: Oil prices rose on Thursday amid Middle East tensions and a big fall in US crude stocks, but gains were capped a

Published 25 Jul, 2019 11:01am

Energy

UK GAS-Prices rise as carbon extends gains, temperatures soar

British wholesale gas prices rose on Thursday as carbon extended gains towards 30 euros a tonne, temperatures soared and

Published 25 Jul, 2019 10:49am

Energy

Australia's Ichthys LNG plant offers two cargoes for Aug-Sept loading

LONDON: Australia's Ichthys liquefied natural gas (LNG) plant has offered two cargoes for loading in August and Septembe

Published 24 Jul, 2019 03:41pm

Energy

Russia's Novatek quarterly earnings more than double to $1.1bn

MOSCOW: Russian gas producer Novatek said its net income more than doubled in the second quarter year-on-year to 69.18 b

Published 24 Jul, 2019 01:43pm

Energy

Oil edges up on US stock decline, Mideast tensions

LONDON: Oil prices edged higher on Wednesday, supported by a sharp fall in US crude stocks and tensions over Iran. Br

Published 24 Jul, 2019 12:39pm

Energy

UK GAS-Prices heat up as wind power dips and temperatures soar

LONDON: British wholesale gas prices mostly rose on Wednesday morning, with wind power generation expected to dip while

Published 24 Jul, 2019 10:15am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 Jul, 2019 10:01am

Energy

Oil slips to around $63 as Iran concerns fade for now

LONDON: Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East

Published 23 Jul, 2019 01:11pm

Energy

Russia's Gazprom sells Sept-loading ESPO at higher premium

MOSCOW: Russia's Gazprom has sold 740,000 barrels of September-loading ESPO crude at a premium of around $5.50 a barrel

Published 23 Jul, 2019 11:08am

Energy

Oil edges further above $63 on Mideast tensions

LONDON: Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran's se

Published 23 Jul, 2019 11:02am

Energy

Russia's Transneft wants limits set on tainted oil claims

MOSCOW: An upper limit should be set on compensation claims stemming from the contamination of Russian oil, Maxim Grisha

Published 23 Jul, 2019 10:14am

Energy

IEA ready to act quickly to keep oil market supplied

PARIS: The International Energy Agency (IEA) is closely monitoring developments in the Strait of Hormuz and ready to

Published 22 Jul, 2019 07:30pm

Energy

Kremlin proposes moratorium on state support for new oilfields

MOSCOW: Russian President Vladimir Putin proposed the introduction of a moratorium on new state support measures for

Published 22 Jul, 2019 06:10pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Jul, 2019 02:21pm

Energy

Russian oil output recovers to 11.05mn bpd in July 1-21

MOSCOW: Russian oil output has recovered to around 11.05 million barrels per day (bpd) between July 1 and July 21 from t

Published 22 Jul, 2019 02:17pm

Energy

Oil prices rise more than 1pc after Iran seizes British tanker

LONDON: Oil prices rose on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disru

Published 22 Jul, 2019 01:16pm

Energy

Middle East Crude-Oman, Russian ESPO rise on China demand

SINGAPORE: Spot premiums for Russian and Omani crude rose on Monday on strong buying interest from China. DME Oman's

Published 22 Jul, 2019 01:15pm

Energy

Oil spikes on Iran tensions, Libya woes

LONDON: Oil prices jumped Monday after Iran seized a British tanker in the Gulf, fuelling fresh concerns about supplies

Published 22 Jul, 2019 11:41am

Energy

Oil rises more than 2pc after Iran seizes British tanker

LONDON: Oil prices rose more than 2% on Monday on concerns that Iran's seizure of a British tanker last week may lead to

Published 22 Jul, 2019 11:02am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Jul, 2019 10:26am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Jul, 2019 08:45pm

Energy

German Jan-May gas imports rise 17pc, bill rises 16pc

FRANKFURT: Germany imported 17.3pc more gas in the first five months of 2019 than a year earlier and its import bill ros

Published 19 Jul, 2019 07:48pm

Energy

Novatek offers LNG cargo from Rotterdam for Sept 11-12 loading

LONDON: Novatek, which operates the Yamal liquefied natural gas (LNG) production plant in Arctic Russia, has offered an

Published 19 Jul, 2019 07:45pm

Energy

Europe Gasoline/Naphtha-Gasoline margins steady, exports support

LONDON: Northwest European gasoline refining margins were little changed on Friday and remained supported by export dema

Published 19 Jul, 2019 07:25pm

Energy

Europe Distillates-Diesel margins up, barge demand sluggish

LONDON: Benchmark diesel refining margins in northwest Europe rose on Friday but demand in the barge market was slow.

Published 19 Jul, 2019 07:23pm

Energy

Oil rises after US Navy downs Iranian drone; set for weekly fall

LONDON: Oil prices rose on Friday as tensions spiked again in the Middle East after the United States said it had de

Published 19 Jul, 2019 01:00pm

Energy

Prices edge up as Norway gas re-routed to Europe

LONDON: British wholesale gas prices were slightly higher on Friday as Norwegian gas was re-routed to continental Europe

Published 19 Jul, 2019 11:57am

Energy

Four companies vie for Pakistan LNG's multi-year import tender

LONDON/SINGAPORE: Four companies have submitted offers into a 10-year import tender for deliveries of liquefied natural

Published 19 Jul, 2019 09:22am

Energy

Gazprom expects Denmark to approve Nord Stream 2 route in October

MOSCOW: Russian gas producer Gazprom expects Denmark to agree to its route application for the Nord Stream 2 gas pipelin

Published 18 Jul, 2019 09:57pm

Energy

Oil steadies, shrugging off Iran's seizure of tanker in Gulf

LONDON: Oil initially rose more than 1pc on Thursday after Iran said it had seized a foreign tanker in the Gulf, but pri

Published 18 Jul, 2019 09:56pm

Energy

West Africa Crude-Angolan clears as Nigerian programmes emerge

LONDON: The last few Angolan crude cargoes for August loading sold by Thursday as the September preliminary export progr

Published 18 Jul, 2019 06:10pm

Energy

Europe Gasoline/Naphtha-Gasoline margins firm on US demand

LONDON: Northwest European gasoline refining margins rose on Thursday on the back of a still open arbitrage to the Unite

Published 18 Jul, 2019 06:02pm

Energy

Russian oil output back to OPEC deal levels

ST PETERSBURG/MOSCOW: Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil

Published 18 Jul, 2019 01:54pm

Energy

Oil rises after Iran says it seized foreign tanker in Gulf

LONDON: Oil prices rose about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid ris

Published 18 Jul, 2019 01:37pm

Energy

Azeri oil exports fall 18.3pc yr/yr in Q2

BAKU: Azerbaijan exported 4.9 million tonnes of oil in the second quarter of 2019, down from 6 million tonnes in the

Published 18 Jul, 2019 12:49pm

Energy

Oil edges lower after rise in U.S. gasoline stocks

LONDON: Oil edged lower on Thursday, unable to shake off the downbeat mood of the last two days in response to a sharp r

Published 18 Jul, 2019 10:34am

Energy

Europe Distillates-Diesel cracks fall sharply as US stocks rise

LONDON: Benchmark diesel refining margins in northwest Europe fell sharply on Wednesday to around $14.40 a barrel as a r

Published 17 Jul, 2019 07:44pm

Energy

Russia's Transneft, oil firms clash over pipeline system clean-up

MOSCOW: Major Russian oil companies have challenged a plan by Transneft that aims to resolve a problem of tainted oil st

Published 17 Jul, 2019 07:43pm

Energy

Europe Gasoline/Naphtha-Margins slip as US stocks build

LONDON: Northwest European gasoline refining margins fell on Wednesday as a rise in inventories in the United States, a

Published 17 Jul, 2019 07:39pm

Energy

Oil prices regain little ground lost in previous session

LONDON: Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data sugge

Published 17 Jul, 2019 10:11am

Energy

Prices extend fall on oversupply after two-week bounce

LONDON: British wholesale gas prices fell on Wednesday, extending this week's losses after a prolonged rise since the st

Published 17 Jul, 2019 09:39am

Energy

Norwegian oil firm Okea's second-quarter profit rises

OSLO: Oil firm Okea on Wednesday reported higher core earnings for the second quarter in its first-published quarterly r

Published 17 Jul, 2019 08:52am

Energy

Premier Oil cuts operating costs forecast, debt reduction on track

LONDON: Britain's Premier Oil on Wednedsay reduced its forecast for its 2019 operating costs to $12 per barrel of oil eq

Published 17 Jul, 2019 07:55am

Energy

Europe Distillates-Diesel cracks fall for third session running

LONDON: Benchmark diesel refining margins in northwest Europe fell for a third consecutive session, dropping about 2pc t

Published 16 Jul, 2019 09:15pm

Energy

Russia's Gazprom gas exports down 5.6pc yr/yr on Jan. 1-July 15

MOSCOW: Russian state gas giant Gazprom's natural gas exports outside the former Soviet Union declined by 5.6pc to 102.8

Published 16 Jul, 2019 09:05pm

Energy

Surgutneftegaz offers 200,000 T of September ESPO Blend

MOSCOW: Russia's Surgutneftegaz issued a spot tender to sell two cargoes of ESPO Blend crude oil loading from Kozmino po

Published 16 Jul, 2019 09:02pm

Energy

Europe Gasoline/Naphtha-Margins slip as refineries restart

LONDON: Northwest European gasoline refining margins fell on Tuesday as refineries on both sides of the Atlantic restart

Published 16 Jul, 2019 08:41pm

Energy

North Sea Crude-Brent, Forties and Oseberg differentials sink

LONDON: North Sea Forties, Brent and Oseberg differentials fell sharply on Tuesday, with Trafigura selling a cargo of Br

Published 16 Jul, 2019 08:40pm

Energy

Oil steadies as US supply concerns ease but Iran tensions loom

LONDON: Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and

Published 16 Jul, 2019 02:14pm

Energy

Freight fuel prices subdued as economy outweighs IMO

LONDON: Refining margins for diesel and gasoil delivered next year are wilting as concerns about a recession-driven

Published 16 Jul, 2019 02:09pm

Energy

Prices fall on increased Norwegian flows, stronger wind expectations

British wholesale gas prices fell on Tuesday morning as rising flows from Norway oversupplied the system, while power pr

Published 16 Jul, 2019 08:21am

Energy

Europe Distillates-Diesel cracks hit by weak demand, heavy imports

LONDON: Benchmark diesel refining margins in northwest Europe fell on Monday, weighed down by weak demand and heavy impo

Published 15 Jul, 2019 08:39pm

Energy

Europe Gasoline/Naphtha-Margins slip as Barry fears blow over

LONDON: Northwest European gasoline refining margins fell on Monday as the threat of Tropical Storm Barry ebbed. Refi

Published 15 Jul, 2019 08:32pm

Energy

Med crude-Urals diffs up in Med, CPC Blend firms on lower supply

MOSCOW: Urals crude oil differentials in the Mediterranean region firmed slightly to dated Brent on Monday, with cargoes

Published 15 Jul, 2019 07:29pm

Energy

Oil prices rise on Chinese economic data

LONDON: Oil prices rose on Monday as Chinese industrial output and retail data topped expectations, though gains wer

Published 15 Jul, 2019 03:27pm

Energy

Oil prices edge higher on Chinese economic data

LONDON: Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gain

Published 15 Jul, 2019 01:09pm

Energy

Prices rise on low wind output, Norwegian flow reduction

LONDON: British wholesale gas prices rose on Monday morning on the back of reduced supply from Norway and low wind outpu

Published 15 Jul, 2019 08:23am

Energy

Turkish Cypriots propose gas cooperation after tensions rise

ISTANBUL: Turkish Cypriots have proposed to the internationally recognised Greek Cypriot government that they cooper

Published 13 Jul, 2019 02:05pm

Energy

Europe Distillates-Diesel cracks slip, lower stocks cap losses

LONDON: Benchmark diesel refining margins in northwest Europe retreated after sharp gains in the previous session, but a

Published 12 Jul, 2019 10:18pm

Energy

Med Crude-Urals diffs unchanged, CPC exports set to drop

MOSCOW: Urals differentials were steady on Friday with no trades, while exports of CPC Blend set to a decline in August

Published 12 Jul, 2019 08:31pm

Energy

Europe gas trade volume on track for another record in 2019

FRANKFURT: European gas trading volumes this year may beat the record 52,604 terawatt hours (TWh) recorded in 2018 d

Published 12 Jul, 2019 12:57pm

Energy

Oil prices edge up on tropical storm and geopolitical tensions

LONDON: Oil prices inched higher on Friday and were on track for a weekly gain as US oil producers in the Gulf of Me

Published 12 Jul, 2019 12:48pm

Energy

Norway's June oil and gas output lags forecast-NPD

OSLO: Norway's oil production fell 28.2% year-on-year in June to 1.067 million barrels per day, lagging the official for

Published 12 Jul, 2019 09:41am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 12 Jul, 2019 09:30am

Energy

Europe Gasoline/Naphtha-Cracks jump as Atlantic basin stocks fall

LONDON: Northwest European gasoline refining margins rose sharply on Thursday, supported by falls in inventories on both

Published 11 Jul, 2019 08:46pm

Energy

OPEC sees lower 2020 demand for its oil, points to surplus

LONDON: OPEC on Thursday forecast world demand for its crude will decline next year as rivals pump more, pointing to

Published 11 Jul, 2019 01:29pm

Energy

Oil at six-week high on Gulf of Mexico storm, Iran tensions

LONDON: Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm

Published 11 Jul, 2019 01:28pm

Energy

Prices rise on trading frenzy while oil up and market undersupplied

British wholesale gas prices rose in busy trde on Thursday, as some traders looked to boost their positions in a market

Published 11 Jul, 2019 11:20am

Energy

Oil at 6-week high on Gulf of Mexico storm, Iran tensions

LONDON: Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, wh

Published 11 Jul, 2019 11:10am

Energy

Oil at six-week high on Gulf of Mexico storm, Iran tensions

LONDON: Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, wh

Published 11 Jul, 2019 10:34am

Energy

Lukoil has fully restored shipments via Druzhba pipeline

MOSCOW: Russian oil company Lukoil has fully restored oil shipments via the Druzhba pipeline, Interfax news agency repo

Published 10 Jul, 2019 08:45pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 Jul, 2019 07:36pm

Energy

Europe Gasoline/Naphtha-Cracks gain after draw in US inventories

LONDON: Northwest European gasoline refining margins rose on Tuesday after a draw in US inventories tightened the Atlant

Published 10 Jul, 2019 07:27pm

Energy

Europe Distillates-Diesel differentials tick higher ahead of expiry

LONDON: Diesel differentials in northwest Europe edged higher on Wednesday ahead of the front-month futures expiry on Th

Published 10 Jul, 2019 07:14pm

Energy

West Africa Crude-Angolan cargo deferred, Pertamina tender awarded

LONDON: West African spot trade was muted on Wednesday but differentials were still supported by a spike in gasoline mar

Published 10 Jul, 2019 07:05pm

Energy

Oil gains on US inventory drawdown, Gulf of Mexico storm

LONDON:Oil prices rose more than 2% on Wednesday after industry data showed US inventories fell more than expected a

Published 10 Jul, 2019 01:36pm

Energy

Prices slide after spike driven by short-covering

LONDON: British wholesale gas prices fell on Wednesday, retracing gains of the previous session which had been driven by

Published 10 Jul, 2019 09:38am

Energy

European refiners cut crude intake in June

LONDON: European refineries cut their crude oil processing by 4.8pc in June compared with the same time last year, Euroi

Published 09 Jul, 2019 09:14pm

Energy

Oil edges up as supply concerns offset trade disputes

LONDON: Oil edged further above $64 a barrel on Tuesday as OPEC supply cuts and Middle East tensions countered the US-Ch

Published 09 Jul, 2019 09:03pm

Energy

Europe Gasoline/Naphtha-Cracks gain as transatlantic exports rise

LONDON: Northwest European gasoline refining margins rose on Tuesday as exports on the transatlantic route continued to

Published 09 Jul, 2019 08:25pm

Energy

Europe Distillates-Diesel cracks extend losses on heavy supplies

LONDON Diesel refining margins in northwest Europe fell for a second consecutive session on Tuesday, pressured by rising

Published 09 Jul, 2019 08:21pm

Energy

Oil rises towards $65 as supply concerns outweigh trade disputes

LONDON: Oil rose towards $65 a barrel on Tuesday as OPEC supply cuts and Middle East tensions outweighed the US-Chin

Published 09 Jul, 2019 01:05pm

Energy

Poland could see further Russian oil supply disruptions

GDANSK: There is a risk that Russian oil flows to Poland might be temporarily suspended again due to excessive level

Published 09 Jul, 2019 12:31pm

Energy

Russian output falls to three-year low as oil rivals clash

MOSCOW: Russian oil production fell close to a three-year low in early July, as output was undermined by a row betwe

Published 09 Jul, 2019 12:02pm

Energy

Prices rise on reduced Norwegian imports, low wind generation

British wholesale gas prices rose on Tuesday morning as outages at Norway's Troll field and Nyhamna processing plant red

Published 09 Jul, 2019 10:29am

Energy

Oil slips to $64 as trade disputes outweigh supply concerns

LONDON: Oil slipped to around $64 a barrel on Tuesday after fresh signs the U.S.-China trade dispute is dragging on the

Published 09 Jul, 2019 09:54am

Energy

Russian oil output falls to near 3-yr low in early July - sources

MOSCOW: Russian oil production fell close to a three-year low in early July, to 10.79 million barrels per day (bpd), dra

Published 09 Jul, 2019 09:43am

Energy

Europe Distillates-Diesel cracks dip on expected supply growth

LONDON: Diesel refining margins in northwest Europe declined slightly on Monday, with supplies in the region expected to

Published 08 Jul, 2019 07:41pm

Energy

Russia's Transneft slams Rosneft over tainted oil crisis

MOSCOW: Russian state-owned pipeline monopoly Transneft launched a broadside at Rosneft on Monday, publicly criticising

Published 08 Jul, 2019 07:39pm

Energy

Europe Gasoline/Naphtha-Margins tick down in tepid market but exports give floor

LONDON: Northwest European gasoline refining margins edged lower on Monday in a muted market that produced no deals in t

Published 08 Jul, 2019 07:32pm

Energy

Oil rises amid Iran's new nuclear threats

LONDON: Oil prices firmed on Monday amid tensions over Iran's nuclear programme but gains were tempered by concerns

Published 08 Jul, 2019 03:17pm

Energy

Oil steadies as demand concern counters Middle East tensions

LONDON: Oil prices steadied on Monday as tensions over Iran's nuclear programme were tempered by global economic gro

Published 08 Jul, 2019 01:19pm

Energy

ARA diesel imports hit 1-1/2 year high in June

LONDON: Waterborne June diesel imports into the Amsterdam-Rotterdam-Antwerp refining and storage hub rose to their highe

Published 05 Jul, 2019 08:22pm

Energy

CPC Blend July oil exports revised up to 5.61mn t

MOSCOW: Caspian CPC Blend crude oil exports from the Black Sea's terminal of Yuzhnaya Ozereyevka are revised up to 5.61

Published 05 Jul, 2019 08:19pm

Energy

Brent oil inches up on Iran tensions and OPEC, while US crude falls

LONDON: Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to ex

Published 05 Jul, 2019 07:47pm

Energy

GLOBAL LNG-Asian spot prices drop, outlooks for winter get bearish

LONDON: Spot liquefied natural gas (LNG) prices in Asia tumbled this week after a three-week rise as new supply offers h

Published 05 Jul, 2019 07:44pm

Energy

Arctic sea route opens for the summer with first Yamal LNG cargo

LONDON: A liquefied natural gas (LNG) tanker carrying a cargo from the Yamal LNG plant has spent this week making its wa

Published 05 Jul, 2019 07:43pm

Energy

UK GAS-Prices rise on Norwegian Nyhamna plant outage

LONDON: British wholesale gas prices rose on Friday after news of an extended outage at Norway's Nyhamna gas processing

Published 05 Jul, 2019 07:36pm

Energy

West Africa Crude-East Asian demand perks up as backwardation, freight ease

LONDON: East Asian demand for Angolan oil is recovering slightly after a dismal July loading period as backwardation and

Published 05 Jul, 2019 07:22pm

Energy

Europe Gasoline/Naphtha-Cracks slip, exports support

LONDON: Northwest European gasoline refining margins fell on Friday but remained supported by busy export activity. G

Published 05 Jul, 2019 07:19pm

Energy

Europe Distillates-Diesel cracks slip as inventories, imports rise

LONDON: Diesel refining margins in northwest Europe slipped by 3.6pc to $14.13 a barrel on Friday, weighed by heavy supp

Published 05 Jul, 2019 07:13pm

Energy

Brent inches up on Iran tensions, OPEC; US oil falls on weak data

LONDON: Brent oil ticked higher on Friday, supported by tensions over Iran and this week's decision by OPEC and its

Published 05 Jul, 2019 12:56pm

Energy

Brent crude inches up, U.S. oil falls on weak economic data

LONDON: U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported

Published 05 Jul, 2019 11:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 05 Jul, 2019 10:05am

Energy

UK GAS-Prices reverse earlier losses as undersupply weighs

LONDON: British wholesale gas prices rose on Thursday, reversing losses in early trade, as system undersupply weighed on

Published 04 Jul, 2019 10:36pm

Energy

India's GSPC seeks spot LNG cargo for August delivery

LONDON: India's Gujarat State Petroleum Corp (GSPC) is seeking a liquefied natural gas (LNG) cargo for delivery in Augus

Published 04 Jul, 2019 09:28pm

Energy

Europe Distillates-Diesel cracks gain amid thin trading

LONDON: Diesel refining margins in northwest Europe rose by around 2.5pc amid thin trading in the region. ARA gasoil

Published 04 Jul, 2019 09:22pm

Energy

Europe Gasoline/Naphtha-Cracks jump, ARA stocks drop almost 10pc

LONDON: Northwest European gasoline refining margins jumped as regional stocks dropped sharply in the past week on heavy

Published 04 Jul, 2019 09:06pm

Energy

West Africa Crude-IOC awards tender, spot trade muted

LONDON: An Indian tender mopped up several cargoes of west African crude on Thursday but spot activity remained muted.

Published 04 Jul, 2019 09:03pm

Energy

Oil prices dip on signs of slowing U.S. demand, economic concerns

LONDON: Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles

Published 04 Jul, 2019 11:29am

Energy

Oil prices dip on signs of slowing US demand, economic concerns

LONDON: Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on US crude stockpile

Published 04 Jul, 2019 11:28am

Energy

European boosts gasoline exports to US after PES refinery fire

LONDON: Gasoline exports from Europe to the US East Coast rose sharply in early July after a fire at a major refinery in

Published 03 Jul, 2019 08:30pm

Energy

UAE's ADNOC offers LNG cargo for early August loading

LONDON: Abu Dhabi National Oil Co (ADNOC) has offered a liquefied natural gas (LNG) cargo for loading at its Das Island

Published 03 Jul, 2019 07:58pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 Jul, 2019 07:51pm

Energy

Oil prices rise after US crude stockpile drop

LONDON: Oil prices rebounded on Wednesday after a steep fall in the previous session when OPEC and its allies' decision

Published 03 Jul, 2019 07:38pm

Energy

Europe Distillates-Diesel cracks drop in very quiet market

LONDON: Diesel refining margins in northwest Europe dropped around 7pc on Wednesday amid low demand and a lack of trades

Published 03 Jul, 2019 07:21pm

Energy

Europe Gasoline/Naphtha-Cracks slip but rising exports support

LONDON: Northwest European gasoline refining margins slightly declined after a smaller than expected drop in US inventor

Published 03 Jul, 2019 07:20pm

Energy

Europe boosts gasoline exports to US after PES refinery fire

LONDON: Gasoline exports from Europe to the US East Coast rose sharply in early July after a fire at a major refinery in

Published 03 Jul, 2019 07:16pm

Energy

Europe Gasoline/Naphtha-Cracks slip but rising exports support

LONDON: Northwest European gasoline refining margins slightly declined after a smaller than expected drop in US inve

Published 03 Jul, 2019 04:11pm

Energy

Under pressure from Trump, OPEC embraces Putin

VIENNA: When Vladimir Putin announced at the weekend that OPEC would extend oil production cuts, broadcasting a deal

Published 03 Jul, 2019 12:27pm

Energy

Energy group Total starts biofuel production at La Mede refinery

PARIS: French oil and gas major Total said on Wednesday that the first batches of biofuel had come off the production l

Published 03 Jul, 2019 07:49am

Energy

Europe Distillates-Diesel cracks gain, demand weak

LONDON: Diesel refining margins in northwest Europe gained slightly following a sharp drop in crude oil futures, but dem

Published 02 Jul, 2019 07:41pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 Jul, 2019 07:40pm

Energy

LNG tanker Flex Endeavour heads for Britain after Rotterdam discharge

LONDON: Liquefied natural gas (LNG) tanker Flex Endeavour is heading for Britain's Milford Haven terminal, having discha

Published 02 Jul, 2019 07:39pm

Energy

Europe Gasoline/Naphtha-Cracks gain on stronger exports

LONDON: Northwest European gasoline refining margins rose again on Tuesday to over $11 a barrel, supported by rising exp

Published 02 Jul, 2019 07:37pm

Energy

North Sea Crude-Brent, Ekofisk fall on sales to Vitol

LONDON: The differential for North Sea crude oil grades Ekofisk and Brent fell on Tuesday after Vitol bought cargoes bel

Published 02 Jul, 2019 07:19pm

Energy

Oil falls on demand worries even as OPEC, allies extend cuts

LONDON: Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement b

Published 02 Jul, 2019 04:27pm

Energy

Russia's Yamal LNG produced 9mn tonnes of frozen gas in H1

MOSCOW: Production of liquefied natural gas (LNG) at Russia's Yamal LNG plant reached 9 million tonnes in the first

Published 02 Jul, 2019 03:49pm

Energy

Portugal extends deadline for solar power auction on strong demand

LISBON: Portugal has extended the deadline for a mega-auction of new solar energy capacity by a week to July 7 due t

Published 02 Jul, 2019 01:44pm

Energy

Oil dips on demand worries despite OPEC cut extension

LONDON: Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by pr

Published 02 Jul, 2019 11:11am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 Jul, 2019 09:47am

Energy

Prices gain on new Norwegian supply outage, low wind

LONDON: British gas prices rallied on Tuesday, extending the previous session's gains as more unplanned outages affected

Published 02 Jul, 2019 09:09am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 Jul, 2019 07:49pm

Energy

Libyan oil output at 1.2-1.3mn bpd, but fragile

VIENNA: Libya's current oil production stands at 1.2 to 1.3 million barrels of oil per day (bpd) but the level remains "

Published 01 Jul, 2019 07:47pm

Energy

OPEC agrees to extend oil supply cut by nine months

VIENNA: The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil production cuts by nine mon

Published 01 Jul, 2019 07:40pm

Energy

Europe Distillates-Diesel cracks drop amid rising imports

LONDON: Diesel refining margins in northwest Europe dropped by around 4.5pc on Monday amid rising imports into the regio

Published 01 Jul, 2019 07:22pm

Energy

Europe Gasoline/Naphtha-Cracks rise as exports to US pick up

LONDON: Northwest European gasoline refining margins rose on Monday as exports to the US East Coast picked up following

Published 01 Jul, 2019 07:19pm

Energy

North Sea Crude-Brent Blend diff falls below Forties

LONDON: The differential for Brent Blend sunk below Forties on Monday while Ekofisk held steady after a wide range of of

Published 01 Jul, 2019 07:04pm

Energy

Oil prices jump as OPEC on course to extend output cuts

VIENNA: Oil prices jumped Monday as OPEC nations moved towards extending daily oil output caps that help the price o

Published 01 Jul, 2019 02:58pm

Energy

Oil prices get a lift from short-covering: Kemp

LONDON: Hedge fund managers have started to cover some of the bearish short positions in oil they established since

Published 01 Jul, 2019 02:09pm

Energy

Russia cut oil output by 278,000 bpd in June

MOSCOW: Russia cut its oil output in June by an average of 278,000 barrels per day from levels seen last October, In

Published 01 Jul, 2019 01:50pm

Energy

Russian PM threatens ‘unpopular measures’ against possible fuel prices rise

MOSCOW: Russian Prime Minister Dmitry Medvedev said on Monday that government may resort to some "unpopular measures

Published 01 Jul, 2019 01:08pm

Energy

OPEC set to extend oil supply cut as Iran endorses pact

VIENNA: OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined t

Published 01 Jul, 2019 09:59am

Energy

Brent oil jumps over $2 as OPEC+ poised to extend supply cut

LONDON: Oil prices rose over $2 a barrel on Monday as OPEC and its allies looked on track to extend supply cuts until at

Published 01 Jul, 2019 09:57am

Energy

Prices rise on reduced Norwegian supplies

British prompt gas prices rose on Monday as an unexpected outage at Norway's Nyhamna gas processing plant added to other

Published 01 Jul, 2019 09:55am

Energy

Saudi-Russian deal not due to tainted oil crisis

OSAKA: A decision by Russia and Saudi Arabia to extend a global pact on curbing production was not driven by a crisi

Published 29 Jun, 2019 02:55pm

Energy

Russia's Novatek to sell 10pc of Arctic LNG 2 to Japan's JOGMEC, Mitsui

OSAKA: Novatek PAO, Russia's biggest private gas producer, has agreed to sell a 10% stake in its upcoming project to

Published 29 Jun, 2019 02:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 28 Jun, 2019 07:57pm

Energy

OPEC faces output balancing act over US-Iran crisis

LONDON: OPEC is on red alert over escalating US-Iran tensions that have fuelled strong oil-price gains -- but the ca

Published 28 Jun, 2019 02:08pm

Energy

Prices fall amid high storage levels, low demand

LONDON: British wholesale gas prices fell on Friday morning as ample supply, high storage levels and low demand weighed

Published 28 Jun, 2019 08:52am

Energy

Oil slips to $66 ahead of G20, OPEC meeting

LONDON: Oil fell to around $66 a barrel on Thursday, weighed down by concerns over whether the G20 summit will produce a

Published 27 Jun, 2019 07:37pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 27 Jun, 2019 07:36pm

Energy

Rosneft sells 200,000 T of August ESPO Blend ex-Kozmino to Chemchina

MOSCOW: Russia's Rosneft awarded a spot tender this week to sell two cargoes of 100,000 tonnes each of ESPO Blend crude

Published 27 Jun, 2019 07:28pm

Energy

Europe Distillates-Diesel cracks slip, ARA stocks lower

LONDON: Diesel refining margins in northwest Europe fell slightly on Thursday, while regional stocks fell week on week.

Published 27 Jun, 2019 07:11pm

Energy

Europe Gasoline/Naphtha-Cracks tick up amid US refinery outage

LONDON: Northwest European gasoline refining margins ticked up on Thursday amid a big outage at a US refinery. Gasoli

Published 27 Jun, 2019 07:08pm

Energy

North Sea Ekofisk crude to load 13 cargoes in August

LONDON: Norwegian crude oil stream Ekofisk will load 13 cargoes in August, down from 15 cargoes in July, a trading s

Published 27 Jun, 2019 02:10pm

Energy

OPEC set for rollover, may discuss deeper oil curbs

LONDON: OPEC is expected to roll over a deal on cutting supplies at a meeting next week and discuss deepening the cu

Published 27 Jun, 2019 01:54pm

Energy

Prices fall despite undersupply as fundamentals still bearish

LONDON: British wholesale gas prices fell on Thursday, despite a small level of undersupply, as the month draws to an en

Published 27 Jun, 2019 11:49am

Energy

OPEC expected to roll over deal on supply cuts - Iraqi oil minister

LONDON: OPEC is likely to roll over a deal on cutting supplies at a meeting next week and keep curbs at least at the sam

Published 27 Jun, 2019 10:39am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Jun, 2019 08:31pm

Energy

UK GAS-July price at fresh 10-year low amid strong supplies, low demand

The British month-ahead gas contract hit a fresh 10-year low on Wednesday that was fuelled by high storage levels and st

Published 26 Jun, 2019 08:27pm

Energy

Europe Distillates-Diesel cracks rise after US stocks draw

LONDON: Diesel refining margins in northwest Europe rose on Wednesday following a much larger than expected draw in US d

Published 26 Jun, 2019 07:35pm

Energy

Europe Gasoline/Naphtha-Cracks rise sharply after US stocks draw

LONDON: Northwest European gasoline refining margins rose sharply following a large draw in US inventories and a decisio

Published 26 Jun, 2019 07:31pm

Energy

Oil prices rise on drop in US crude stocks, refinery outage

LONDON: Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry da

Published 26 Jun, 2019 11:25am

Energy

Russia's oil output rises to 11.15 mln bpd on June 1-25 - sources

MOSCOW: Russia's average oil output was 11.15 million barrels per day (bpd) in the period June 1-25, up from an average

Published 26 Jun, 2019 11:02am

Energy

Europe Gasoline/Naphtha-Cracks slip as crude edges higher

LONDON: Northwest European gasoline refining margins fell on Tuesday, pressured by higher crude prices. At least six

Published 25 Jun, 2019 07:55pm

Energy

Europe Distillates-Diesel cracks up sharply

LONDON: Diesel refining margins in northwest Europe were up sharply on Tuesday but rising imports into the region capped

Published 25 Jun, 2019 07:48pm

Energy

Oil prices tick up ahead of US crude stock data

LONDON: Oil prices ticked up on Tuesday after the US market open on anticipation that data due later would show crud

Published 25 Jun, 2019 04:25pm

Energy

Dirty oil crisis over for Russia, but contagion felt on high seas

MOSCOW/LONDON: In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world's

Published 25 Jun, 2019 08:27am

Energy

Russia's Novak says it is too early to say if oil cuts will be extended ST

PETERSBURG: Russian Energy Minister Alexander Novak said on Monday it was too early to say whether a deal between OPEC a

Published 24 Jun, 2019 10:16pm

Energy

Oil falls on demand concerns after gains on Mideast tensions

LONDON: Oil prices fell on Monday on concerns about the possibility of weakening demand after large gains last week caus

Published 24 Jun, 2019 09:02pm

Energy

LNG tanker Marvel Crane due to arrive at Rotterdam on June 25

LONDON: Liquefied natural gas tanker Marvel Crane is due to arrive at the port of Rotterdam on June 25, Refinitiv Eikon

Published 24 Jun, 2019 08:20pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 Jun, 2019 08:13pm

Energy

Europe Gasoline/Naphtha-Cracks hit two-week high on refinery outages

LONDON: Northwest European gasoline refining margins rose to a two-week high of $8.86 on Monday, supported by a fire at

Published 24 Jun, 2019 08:11pm

Energy

Europe Distillates-Diesel cracks weaken on rising imports

LONDON: Diesel refining margins in northwest Europe edged slightly lower on Monday as imports from the Middle East and A

Published 24 Jun, 2019 08:07pm

Energy

Oil up on US-Iran tensions but demand concerns cap gains

LONDON: Oil prices rose on Monday adding to last week's gains, lifted by tensions between the United States and Iran

Published 24 Jun, 2019 02:00pm

Energy

IEA concerned about Middle East tensions, stands ready to act

DUBLIN: The International Energy Agency (IEA) is very concerned about the impact that tensions in the Middle East ma

Published 24 Jun, 2019 01:20pm

Energy

Prices mostly rise on lower wind power, undersupply

LONDON: British wholesale gas prices mostly rose on Monday due to slight undersupply in the market and higher demand fro

Published 24 Jun, 2019 11:48am

Energy

German gas imports rise 4.9pc y/y in Jan-April, bill up 8.6pc

FRANKFURT: Germany imported 4.9pc more gas in the first four months of 2019 than a year earlier and its import bill rose

Published 21 Jun, 2019 07:42pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 21 Jun, 2019 07:28pm

Energy

Europe Distillates-Diesel cracks firm on refinery outages

LONDON: Diesel refining margins in northwest Europe rose on Friday, boosted by refinery outages. Firefighters were wo

Published 21 Jun, 2019 07:27pm

Energy

Europe Gasoline/Naphtha-Cracks gain after PES refinery fire

LONDON: Northwest European gasoline refining margins rose by nearly $1 a barrel on Friday after a fire at a major US Eas

Published 21 Jun, 2019 07:11pm

Energy

Russia will help Iran with oil if payment channel not launched

MOSCOW: Russia is ready to help Iran with oil exports and its banking sector if the Instex European payment system i

Published 21 Jun, 2019 03:55pm

Energy

Brent oil up 6pc in one week on fears of US attack on Iran

LONDON: Brent oil rallied above $65 per barrel and was set to notch up a 6% gain this week on fears of a US military

Published 21 Jun, 2019 12:37pm

Energy

Prices for early next week slip on renewables generation

PARIS: European spot electricity prices for early next week delivery fell in wholesale trade on Friday as forecasts

Published 21 Jun, 2019 11:58am

Energy

Oil rises towards $65 on fears of U.S. attack on Iran

LONDON: Oil prices rallied towards $65 per barrel on fears of a U.S. military attack on Iran that would disrupt flows fr

Published 21 Jun, 2019 09:13am

Energy

LNG tankers heading to Britain, Belgium and the Netherland

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 21 Jun, 2019 08:02am

Energy

Europe Distillates-Diesel cracks rise after drop in ARA stocks

LONDON: Diesel refining margins in northwest Europe rose by 1.2% on Thursday as oil futures rallied and data showed a dr

Published 20 Jun, 2019 07:18pm

Energy

Europe Gasoline/Naphtha-Cracks firm on lower Atlantic basin stocks

LONDON: Northwest European gasoline refining margins rose on Thursday, buoyed by falling stocks on both sides of the Atl

Published 20 Jun, 2019 07:17pm

Energy

Oil jumps 3pc towards $64 as Iran shoots down US drone in Gulf

LONDON: Oil rose more than 3% towards $64 a barrel on Thursday after Iran shot down a US military drone, raising fea

Published 20 Jun, 2019 04:59pm

Energy

US Cameron LNG loadings delayed after first cargo exported

LONDON: Loadings of liquefied natural gas (LNG) cargoes from Sempra Energy's $10 billion Cameron export terminal in

Published 20 Jun, 2019 04:09pm

Energy

Oil jumps 3pc to $63 as Iran shoots down US drone in Gulf

LONDON: Oil rose by more than 3% to above $63 a barrel on Thursday after Iran shot down a US military drone, raising

Published 20 Jun, 2019 01:26pm

Energy

Probes and squeezed profits change the oil trading game

GENEVA/LONDON: For the world's biggest oil traders, it feels like a return to the 1980s when earnings were diluted b

Published 20 Jun, 2019 12:50pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 20 Jun, 2019 09:21am

Energy

Prices rise due to undersupply

LONDON: British wholesale gas prices rose on Thursday morning due to an undersupplied system.

Day-ahead gas was 1.0

Published 20 Jun, 2019 07:53am

Energy

Med crude-Urals diffs steady, margins improve

MOSCOW: Urals crude oil differentials to dated Brent were stable on Wednesday as trading activity was low, but impro

Published 19 Jun, 2019 07:07pm

Energy

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

PARIS: Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful co

Published 19 Jun, 2019 04:00pm

Energy

Europe Gasoline/Naphtha-Cracks firm as US stocks drop sharply

LONDON: Northwest European gasoline refining margins rose on Wednesday as inventories in the United States, a key market

Published 19 Jun, 2019 03:53pm

Energy

UK GAS-Prices fall as system balances after days of undersupply

British wholesale gas prices fell on Wednesday as easing demand helped balance the system after days of supply deficits.

Published 19 Jun, 2019 03:14pm

Energy

Global LNG export terminals awaiting approval in 2019

LONDON: US energy company Anadarko has approved the construction of a $20 billion gas liquefaction and export terminal i

Published 19 Jun, 2019 02:52pm

Energy

India's GSPC seeks two spot LNG cargoes for August delivery

LONDON: India's Gujarat State Petroleum Corp (GSPC) is seeking two liquefied natural gas (LNG) cargoes for delivery in A

Published 19 Jun, 2019 02:50pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 19 Jun, 2019 02:07pm

Energy

OPEC to meet July 1 and 2 after several postponements

VIENNA: Major oil-producing countries meet in Vienna on July 1 and 2, the OPEC website and a delegate said Wednesday, af

Published 19 Jun, 2019 01:55pm

Energy

Oil inches down as inventory data counters trade deal hopes

LONDON: Oil prices ticked down on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories co

Published 19 Jun, 2019 11:21am

Energy

Prices fall as system balances after days of undersupply

British wholesale gas prices fell on Wednesday as easing demand helped balance the system after days of supply deficits.

Published 19 Jun, 2019 10:59am

Energy

Oil broadly stable as inventory data counters trade deal hopes

LONDON: Oil prices were broadly steady on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude invent

Published 19 Jun, 2019 10:46am

Energy

Two LNG tankers heading to Britain's South Hook, one tanker due for Belgium

OSLO:* Liquefied natural gas (LNG) tanker Mekaines is due to arrive at Britain's South Hook terminal on July 5, Refiniti

Published 19 Jun, 2019 08:02am

Energy

Europe Gasoline/Naphtha-Cracks weaken as demand remains slow

LONDON: Northwest European gasoline refining margins weakened on Monday as crude prices rose sharply while demand in the

Published 18 Jun, 2019 04:19pm

Energy

Gazprom says new Ukraine government needed for gas talks

MOSCOW: Russian state gas giant Gazprom is awaiting the formation of a Ukrainian government before starting talks with

Published 18 Jun, 2019 03:43pm

Energy

Oil prices rise as U.S.-China trade talks set to resume

LONDON: Oil prices rose sharply on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting wit

Published 18 Jun, 2019 03:10pm

Energy

Ireland to ban sales of new petrol and diesel cars by 2030

LONDON: Ireland has announced it will ban the sale of new petrol and diesel vehicles by 2030 as part of its new climate

Published 18 Jun, 2019 02:08pm

Energy

Russia lowers 2019 forecasts for rouble rate, oil and gas revenue

MOSCOW: Russia's finance ministry has cut its forecast average rouble rate for 2019 as well its projections for oil and

Published 18 Jun, 2019 01:59pm

Energy

Oil prices slip for second day on global growth fears

LONDON: Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the US-China tr

Published 18 Jun, 2019 01:57pm

Energy

OPEC+ discusses holding ministerial meetings on July 10-12

LONDON: OPEC and non-OPEC states are discussing holding their ministerial meetings on oil output policy on July 10-12 in

Published 18 Jun, 2019 01:53pm

Energy

OPEC+ discusses holding ministerial meetings on July 10-12-sources

LONDON: OPEC and non-OPEC states are discussing holding their ministerial meetings on oil output policy on July 10-12 in

Published 18 Jun, 2019 11:27am

Energy

Day-ahead price rises as power demand prompts undersupply

LONDON: The British wholesale day-ahead gas price rose on Tuesday due to an undersupplied system.

Day-ahead gas pri

Published 18 Jun, 2019 08:33am

Energy

Med crude-Urals diffs down in Baltic, CPC Blend ease

MOSCOW: Urals differentials in northwest Europe eased against dated Brent on Monday as remaining June cargoes traded

Published 17 Jun, 2019 08:26pm

Energy

Russia's oil export duty to decline to $100.3/T in July

MOSCOW: Russia's oil export duty is expected to fall to $100.3 per tonne in July from $110.4 per tonne in June following

Published 17 Jun, 2019 04:43pm

Energy

Urals crude oil exports via Russia's Baltic Ust-Luga port seen falling

MOSCOW: Exports of Urals crude oil via Russia's Baltic port of Ust-luga port are set to fall to 2.8 million tonnes for J

Published 17 Jun, 2019 04:41pm

Energy

KUFPEC offers spot LNG cargo from Australia's Wheatstone plant

LONDON: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has offered a spot cargo of liquefied natural gas (LNG) fo

Published 17 Jun, 2019 04:38pm

Energy

Oil prices fall 1pc as economic worries outweigh tanker tensions

LONDON: Oil prices slipped more than 1pc on Monday as signs of an economic slowdown amid international trade disputes be

Published 17 Jun, 2019 04:27pm

Energy

Gazprom non-CIS exports down 6.3pc y/y in January 1-June 15

MOSCOW: Russian state gas giant Gazprom exported 87.8 billion cubic metres of natural gas to countries outside the form

Published 17 Jun, 2019 04:24pm

Energy

Russian oil exports via Ust-Luga to fall in Q3 due to contamination

MOSCOW: Third-quarter flows of Urals crude via Russia's Baltic port of Ust-Luga are set to slide to 2.8 million tonnes f

Published 17 Jun, 2019 04:01pm

Energy

Iranian oil minister says he is free July 10-12 for OPEC meeting

LONDON: Iranian Oil Minister Bijan Zanganeh said on Monday he continued to disagree with the change of date for an OPEC

Published 17 Jun, 2019 03:33pm

Energy

Groningen gas production to drop 20pc faster than planned

AMSTERDAM: Next year's output at the Groningen natural gas field in the north of the Netherlands looks set to drop 20pc

Published 17 Jun, 2019 03:22pm

Energy

Iran, Russia talks raise hopes of progress on OPEC+ meeting date

LONDON: Iran's oil minister is scheduled to meet his Russian counterpart in Iran later on Monday, industry sources said,

Published 17 Jun, 2019 02:10pm

Energy

Iranian oil minister denies any disagreement with president Rouhani

LONDON: Iranian Oil Minister Bijan Zanganeh on Monday denied a report that he had disagreed with President Hassan Rouhan

Published 17 Jun, 2019 02:09pm

Energy

Oil prices slip as economic worries outweigh tanker tensions

LONDON: Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweig

Published 17 Jun, 2019 01:53pm

Energy

Russia's oil export duty to decline to $100.3/T in July

MOSCOW: Russia's oil export duty is expected to fall to $100.3 per tonne in July from $110.4 per tonne in June following

Published 17 Jun, 2019 01:46pm

Energy

Urals crude oil exports via Russia's Baltic Ust-Luga port seen falling

MOSCOW: Exports of Urals crude oil via Russia's Baltic port of Ust-luga port are set to fall to 2.8 million tonnes for J

Published 17 Jun, 2019 01:25pm

Energy

Prices mixed amid gas flow reshuffle in Europe

LONDON: Key British wholesale gas prices fell on Monday morning but the price for gas for immediate delivery rose due to

Published 17 Jun, 2019 09:49am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 17 Jun, 2019 08:41am

Energy

G20 energy ministers to collaborate to keep market stability

KARUIZAWA: Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the

Published 15 Jun, 2019 08:15pm

Energy

Med crude-Urals diffs ease in the Baltic, CPC Blend diffs down

MOSCOW: Urals crude oil differentials in northwest Europe eased to dated Brent on Friday, while the discount for CPC

Published 14 Jun, 2019 09:03pm

Energy

Oil rises again on tension fuelled by tanker attacks

LONDON: Oil prices rose again Friday in reaction to geopolitical tension, building on the previous day's surge sparked b

Published 14 Jun, 2019 03:34pm

Energy

Oil set for weekly loss as demand fears outweigh geopolitics

LONDON: Oil prices steadied on Friday but remained on track for a weekly loss on fears that trade disputes will dent glo

Published 14 Jun, 2019 02:06pm

Energy

France's Total close to buying 30pc in Adani Gas for more than $800mn

French energy giant Total SA is close to acquiring a 30pc stake in Indian gas distribution company Adani Gas for upwards

Published 14 Jun, 2019 01:32pm

Energy

OPEC, Russia nearing accord on long term oil supply coordination

MOSCOW: OPEC and other producers including Russia are in final talks for an agreement, that may be signed in early July,

Published 14 Jun, 2019 01:03pm

Energy

Russia aims to increase LNG output fivefold by 2035, says energy minister

MOSCOW: Russia plans to increase its output of liquefied natural gas (LNG) fivefold by 2035, focussing on exports to the

Published 14 Jun, 2019 12:35pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 14 Jun, 2019 12:21pm

Energy

LNG tanker Marvel Kite arrives in Rotterdam with U.S. cargo

LONDON: Liquefied natural gas (LNG) tanker Marvel Kite arrived on Friday at Rotterdam's Gate terminal with a cargo from

Published 14 Jun, 2019 08:44am

Energy

Shell's energy utility to refund some customers for overcharging - Ofgem

Britain's energy regulator on Friday ordered Shell's utility business to refund and compensate around 12,000 customer a

Published 14 Jun, 2019 08:40am

Energy

OPEC cuts oil demand outlook, building case to keep supply curbs

LONDON: OPEC has cut its forecast for growth in global oil demand due to trade disputes and pointed to the risk of a fur

Published 13 Jun, 2019 04:02pm

Energy

Gazprom has offered Naftogaz out of court settlement in gas dispute

MOSCOW: Russian Energy Minister Alexander Novak said on Thursday that Gazprom had offered Ukraine's Naftogas an out of c

Published 13 Jun, 2019 03:57pm

Energy

UK GAS-Prices rise on under-supply, oil market gains

LONDON: British wholesale gas prices rose on Thursday morning, with prices lifted by an under-supplied market and strong

Published 13 Jun, 2019 01:50pm

Energy

OPEC cuts 2019 oil demand growth forecast, sees more downside risk

LONDON: OPEC on Thursday cut its forecast for growth in global oil demand due to escalating trade disputes and pointed t

Published 13 Jun, 2019 01:13pm

Energy

Oil prices surge after suspected tanker attack near Iran

LONDON: Oil prices jumped as much as 4pc on Thursday after a suspected attack on two tankers in the Gulf of Oman near Ir

Published 13 Jun, 2019 12:53pm

Energy

Oil tanker owners DHT and Heidmar halt new bookings to Mid-East Gulf

LONDON: Oil tanker owners DHT Holdings and Heidmar have suspended new bookings to the Mid-East Gulf, three ship brokers

Published 13 Jun, 2019 12:29pm

Energy

OPEC cut to oil demand outlook builds case to keep supply curbs

LONDON: OPEC has cut its forecast for global oil demand growth and warned of potential further cuts as international tra

Published 13 Jun, 2019 12:22pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 12 Jun, 2019 04:11pm

Energy

Gas prices fall on weaker oil, wind power boost

British wholesale gas prices fell on Wednesday, despite the system being undersupplied, following a decline in oil price

Published 12 Jun, 2019 02:20pm

Energy

Oil price fall, renewed global woes weigh on Gulf stocks

All major Gulf markets dropped on Wednesday, mostly with financial sector shares taking a hit from falling oil prices an

Published 12 Jun, 2019 02:18pm

Energy

Oil falls over 2pc on weaker demand growth, gain in US crude stocks

LONDON: Oil prices fell more than 2pc on Wednesday, weighed down by a weaker demand outlook and a rise in US crude inven

Published 12 Jun, 2019 01:28pm

Energy

Oil falls over 2pc on weaker demand growth, gain in U.S. crude stocks

LONDON: Oil prices fell more than 2% on Wednesday, weighed down by a weaker demand outlook and a rise in U.S. crude inve

Published 12 Jun, 2019 10:31am

Energy

Gas prices fall on weaker oil, wind power boost

British wholesale gas prices fell on Wednesday, despite the system being undersupplied, following a decline in oil price

Published 12 Jun, 2019 08:37am

Energy

Med crude-Urals drops to 8-month lows in Med, firm in Baltic

MOSCOW: Urals crude oil differentials eased further in Mediterranean against dated Brent on Tuesday, while in northw

Published 11 Jun, 2019 06:20pm

Energy

LNG tanker British Sapphire to arrive in Belgium on June 15: shipping data

LONDON: Liquefied natural gas (LNG) tanker British Sapphire is due to arrive at Belgium's Zeebrugge terminal on June 15,

Published 11 Jun, 2019 04:33pm

Energy

Energy group Total starts up production of North Sea's Culzean field

PARIS: French energy group Total said it had started up production of the Culzean field in the North Sea, adding that th

Published 11 Jun, 2019 04:26pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 11 Jun, 2019 04:13pm

Energy

Oil steadies above $62 as OPEC cuts counter growth concerns

LONDON: Oil steadied above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep wit

Published 11 Jun, 2019 03:44pm

Energy

UK GAS-Gas prices ease on expected demand dip

LONDON: British wholesale gas prices fell on Tuesday morning on expected falls in consumption over the coming days. D

Published 11 Jun, 2019 03:25pm

Energy

Oil edges above $62 as OPEC cuts counter growth concerns

LONDON: Oil rose further above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep

Published 11 Jun, 2019 02:26pm

Energy

Finland opens largest Nordic LNG terminal after delay

OSLO: Finland's 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a y

Published 11 Jun, 2019 02:12pm

Energy

Exxon to proceed with oil development in Argentina

Exxon Mobil Corp said on Tuesday it was going ahead with an oil development project in Argentina that could produce up t

Published 11 Jun, 2019 02:10pm

Energy

Russia's Transneft hopes to settle tainted oil compensation within 2-3 months - TASS

MOSCOW: Russia's pipeline monopoly Transneft said on Tuesday it expected to settle compensation claims for a major Russi

Published 11 Jun, 2019 01:44pm

Energy

First LNG from Sempra Energy's Louisiana Cameron terminal heads to France

LONDON: The first liquefied natural gas (LNG) cargo to be shipped from Sempra Energy's $10 billion Cameron export termin

Published 11 Jun, 2019 01:27pm

Energy

Compensation for tainted Russian oil to be decided company by company

ST PETERSBURG: Compensation for the tainted Russian oil supplied to Europe earlier this year via the Druzhba pipelin

Published 10 Jun, 2019 08:30pm

Energy

LNG tanker Maran Gas Posidonia heading for Rotterdam from the US

LONDON: Rotterdam is set to receive the liquefied natural gas (LNG) tanker Maran Gas Posidonia from the United States on

Published 10 Jun, 2019 01:34pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 Jun, 2019 01:33pm

Energy

Saudi Aramco extends offer to buy stake in Arctic LNG 2

MOSCOW: Saudi Energy Minister Khalid al-Falih said Saudi Aramco had extended its offer to join Russian gas producer Nova

Published 10 Jun, 2019 01:11pm

Energy

UK GAS-Prices jump as Norwegian maintenance work reduces flows

British wholesale gas prices jumped on Monday as annual maintenance work in Norway reduced flows at the start of a week

Published 10 Jun, 2019 12:56pm

Energy

Russia's finmin sees oil below $40 if OPEC deal not extended

MOSCOW: Russian Finance Minister Anton Siluanov said on Monday that oil prices could fall below $40 per barrel if OPEC a

Published 10 Jun, 2019 12:49pm

Energy

Oil steady with supply tight, but US-China trade war threatens demand

LONDON: Oil prices were steady on Monday as US-China trade tensions continued to threaten demand for oil, but tight crud

Published 10 Jun, 2019 12:44pm

Energy

OPEC+ to take ‘consolidated decision’ on output pact: Russia's Sorokin

ST PETERSBURG: Countries signed up to a global pact on oil production cuts will reach a consolidated decision on what wi

Published 10 Jun, 2019 12:33pm

Energy

Oil price could fall to $30 if global deal not extended

MOSCOW: Russian Energy Minister Alexander Novak said on Monday he could not rule out a scenario in which oil prices coul

Published 10 Jun, 2019 12:30pm

Energy

Oil steady as fate of output pact unclear, US-China trade war lingers

LONDON: Oil prices steadied on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output

Published 10 Jun, 2019 12:10pm

Energy

Prices jump as Norwegian maintenance work reduces flows

British wholesale gas prices jumped on Monday as annual maintenance work in Norway reduced flows at the start of a week

Published 10 Jun, 2019 09:06am

Energy

Wheat set for fourth weekly gain on Russia dryness, while corn eases

SINGAPORE/PARIS: Chicago wheat futures slid more than 1% on Friday but the market was still on track for a fourth weekly

Published 07 Jun, 2019 01:11pm

Energy

Russia's Gazprom and Germany's VNG sign gas supply agreement

MOSCOW: Russia's Gazprom on Friday said it has signed an agreement to supply Germany's VNG with up to 3.5 billion cubic

Published 07 Jun, 2019 01:08pm

Energy

Oil rises as Saudi Arabia signals OPEC deal extension

LONDON: Oil prices rose on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other pr

Published 07 Jun, 2019 12:48pm

Energy

Gas surges globally as green groups cry foul

PARIS: 2018 was a "golden year" for natural gas with demand surging worldwide, the International Energy Agency (IEA) sai

Published 07 Jun, 2019 10:59am

Energy

UK GAS-Prices recover from near two-year lows in balanced market

LONDON: Prompt British wholesale gas prices rose on Tuesday morning, recovering from near two-year lows hit a day earlie

Published 04 Jun, 2019 01:20pm

Energy

Russia's oil output falls to 10.87mn bpd in early June

MOSCOW: Russia's average oil output stood at 10.87 million barrels per day (bpd) on June 1-3, down from an average 11.11

Published 04 Jun, 2019 12:58pm

Energy

Rosneft CEO boss says oil contamination had negative impact

MOSCOW: Russian oil producer Rosneft has been negatively affected by the contamination of oil on the Druzhba pipeline bu

Published 04 Jun, 2019 12:46pm

Energy

Iran sets scene for tough OPEC meeting, opposes date change

LONDON: Iran has told OPEC that it opposes delaying the oil producer group's next meeting, setting the scene for another

Published 04 Jun, 2019 12:24pm

Energy

Oil falls to lowest since January on economic slowdown

LONDON: Oil prices fell on Tuesday to their lowest since January on signs that an economic slowdown is starting to dent

Published 04 Jun, 2019 11:56am

Energy

Rosneft CEO says net profit, dividends may rise in 2019

MOSCOW: Russian oil producer Rosneft's chief executive said on Tuesday the company's net profit and dividends may grow t

Published 04 Jun, 2019 11:45am

Energy

Cheniere signals new LNG pricing structure with Apache deal

LONDON/NEW YORK: Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using

Published 03 Jun, 2019 08:30pm

Energy

Angola LNG offers spot cargo for late June delivery

LONDON: Angola's liquefied natural gas (LNG) project in West Africa has offered a spot cargo from its Soyo plant for del

Published 03 Jun, 2019 02:52pm

Energy

Oil prices edge higher as Saudi reassurances stem declines

LONDON: Oil prices edged higher on Monday after reassurances from top oil exporter Saudi Arabia offered some respite fro

Published 03 Jun, 2019 12:47pm

Energy

Oil prices steady, caught between Saudi supply reassurances and trade fears

LONDON: Oil prices held steady on Monday following last week's heavy losses, as deepening US trade wars fanned fears of

Updated 03 Jun, 2019 11:15am

Energy

Toshiba says Total to take its US LNG business after Chinese buyer pulls out

PARIS: French energy group Total will buy Toshiba's US liquefied natural gas business for $15 million, the Japanese indu

Published 01 Jun, 2019 11:09am

Energy

Total reaches deal to buy Toshiba's US LNG business

PARIS: French energy group Total has reach a deal to buy Toshiba's US liquified natural gas business, a source famil

Published 31 May, 2019 07:51pm

Energy

Total expects Papua New Guinea to honour LNG deal

PARIS: French energy company Total said on Friday that it expected Papua New Guinea's incoming government to honour

Published 31 May, 2019 07:37pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 31 May, 2019 03:07pm

Energy

Russia's Lukoil to receive 50pc in new Caspian block

MOSCOW: Russian oil company Lukoil is set to take a 50pc stake under an agreement to develop a block on the Caspian sea,

Published 31 May, 2019 02:59pm

Energy

Oil poised for biggest monthly drop in 6 months on trade wars

LONDON: Oil fell on Friday and held on track for its biggest monthly drop in six months as comments from US President Do

Published 31 May, 2019 12:38pm

Energy

Dutch gas price for day-ahead delivery at lowest point since December 2016

OSLO: The Dutch gas price for day-ahead delivery at the TTF hub fell 5.5pc to 10.65 euros per megawatt hour (MW) on Frid

Published 31 May, 2019 12:02pm

Energy

Prices decline on warmer temperatures, strong wind output

LONDON: British wholesale gas prices declined on Friday morning as demand ebbed due to higher temperatures and strong wi

Published 31 May, 2019 08:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 May, 2019 03:11pm

Energy

Greece's Motor Oil to spend 310mn euros to build naphtha unit

ATHENS: Greek refiner Motor Oil plans to spend 310 million euros ($345 million) to build a naphtha unit it said will boo

Published 30 May, 2019 02:43pm

Energy

UK GAS-Prices fall with warm weather, high LNG sendout rates

LONDON: British wholesale gas prices fell on Thursday, trading at multi-year seasonal lows, as warm weather dampened dem

Published 30 May, 2019 02:02pm

Energy

Gazprom plans to begin output at Chayanda field in July

MOSCOW: Russian natural gas producer Gazprom plans to begin production at its Chayanda gas field in Yakutia region on Ju

Published 30 May, 2019 11:43am

Energy

Russia disputes volume of tainted oil in Europe

MOSCOW: Contaminated Russian oil volumes sent to Europe are much smaller than claimed by Belarus and Poland, Russia's pi

Published 30 May, 2019 11:32am

Energy

Brent falls on trade war worries, tight oil market supports

LONDON: Oil prices fell on Thursday on fears of a global economic slowdown due to a US-China trade war but losses were c

Published 30 May, 2019 11:28am

Energy

Shareholders of oil group Total add climate goals to CEO's future pay

PARIS: Total's shareholders on Wednesday approved chairman and chief executive officer Patrick Pouyanne's 2018, and 2019

Published 29 May, 2019 03:49pm

Energy

Azerbaijan plans to resume oil exports via Russia from July 1

BAKU: Azerbaijan plans to resume crude oil exports via Russia from July 1, State Oil Company of Azerbaijan's (SOCAR) Vic

Published 29 May, 2019 12:44pm

Energy

Hungary to receive clean oil via Druzhba pipeline on Wednesday

MOSCOW: Hungary has started pumping clean Russian oil via the Druzhba pipeline and will receive it on Wednesday at 1800

Published 29 May, 2019 12:08pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 29 May, 2019 11:48am

Energy

Total to seek compensation for Druzhba pipeline contamination

PARIS: Total will seek compensation for the losses caused by a contaminated oil pipeline which has led to a halving of o

Published 29 May, 2019 11:43am

Energy

Russia's Transneft says govt wrong to blame it for oil contamination

MOSCOW: Russian pipeline monopoly Transneft does not agree with Russian First Deputy Prime Minister Anton Siluanov that

Published 29 May, 2019 11:32am

Energy

UK GAS-Prices edge lower on oversupplied system

LONDON: British wholesale gas prices edged lower on Wednesday morning due to an oversupplied system and lower demand.

Published 29 May, 2019 11:30am

Energy

Norway sets Aug 27 deadline for oil firms to apply for APA license stakes

OSLO: Norway has asked oil firms to apply for exploration blocks in its so-called mature areas licensing round by Aug. 2

Published 29 May, 2019 11:21am

Energy

Oil mixed as trade fears weigh despite tight supply

LONDON: Oil prices were mixed on Tuesday as prices were caught between concerns over global supply and fears that the US

Published 28 May, 2019 01:53pm

Energy

Oil defies trade fears as prices rise on tight supply

LONDON: Oil prices rose on Tuesday, supported by tighter global supplies that have helped to offset persistent worries t

Published 28 May, 2019 01:25pm

Energy

Russia's Gazprom says supplies to China to reach 38 bcm in 2025

MOSCOW: Russian state gas producer Gazprom plans to supply 38 billion cubic metres (bcm) of natural gas to China in 2025

Published 28 May, 2019 01:00pm

Energy

UK GAS-Prices edge up on cooler temperature forecasts

LONDON: British wholesale gas prices edged up on Tuesday morning, in quiet trade after a UK holiday, as weather forecast

Published 28 May, 2019 12:32pm

Energy

Oil edges up as supply remains tight, helping offset trade woes

LONDON: Oil prices rose on Tuesday, supported by tighter global supplies that helped offset lingering worries that deman

Published 28 May, 2019 12:22pm

Energy

Italy's Iren mulling sale of stake in LNG plant, had contact with Snam

MILAN: Italian regional utility Iren is considering selling its 49.1% stake in the country's second-biggest liquefie

Published 27 May, 2019 07:29pm

Energy

Russia's oil production continues to fall after Druzhba contamination

MOSCOW: Russia's oil production continued to fall this month, two industry sources told Reuters on Monday, under pressur

Published 27 May, 2019 03:24pm

Energy

Russia to find way to return oil export tax paid on tainted oil shipped back

MOSCOW: Russia will find a way how to return companies oil export tax paid on oil which was meant for export to Europe b

Published 27 May, 2019 03:16pm

Energy

Surgutneftegaz offers 440,000 T of Urals crude oil for June loading

MOSCOW: Russia's Surgutneftegaz issued a spot tender on Monday to sell 440,000 tonnes of Urals crude oil loading in June

Published 27 May, 2019 03:02pm

Energy

Oil rises to $69 as Mideast tension and supply cuts offset trade concerns

LONDON: Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though con

Published 27 May, 2019 03:01pm

Energy

Oil steadies as trade fears balance Mideast tension and supply cuts

LONDON: Oil steadied on Monday, trading below $69 a barrel, as concern over the US-China trade dispute and global econom

Published 27 May, 2019 11:17am

Energy

Belarus pumps out 80,000 T of tainted oil towards Russia

MINSK: Belarus began pumping contaminated oil towards Russia on Friday and by the end of Sunday it had pumped out 80,000

Published 27 May, 2019 11:05am

Energy

Poland has neutralised over 30pc of contaminated oil

WARSAW: Polish pipeline operator PERN said on Friday it had neutralised over 30% of the contaminated Russian oil in

Published 24 May, 2019 05:24pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 May, 2019 12:37pm

Energy

UK GAS-Prices rise due to lower Norwegian flows

LONDON: British prompt gas prices rose on Friday morning as Norwegian gas supplies, which increased in previous days, de

Published 24 May, 2019 12:28pm

Energy

Russia, Belarus approve plan to clean up Druzhba pipeline after tainted oil

MOSCOW: Russian Deputy Prime Minister Dmitry Kozak and his Belarusian counterpart Igor Lyashenko have approved a pla

Published 23 May, 2019 08:24pm

Energy

Oil slumps more than four percent on trade tensions

LONDON: Oil prices slumped more than four percent Thursday on growing trade tensions, which have deepened over the US bl

Published 23 May, 2019 03:10pm

Energy

ARA gasoline stocks rise 17pc

LONDON: Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by

Published 23 May, 2019 03:03pm

Energy

Russia's Transneft agrees oil clean-up plan with Belarus

WARSAW: Russian pipeline monopoly Transneft has agreed a technical plan with Belarus to clean up contaminated Russian oi

Published 23 May, 2019 02:54pm

Energy

Two more LNG tankers heading to Netherlands' Gate terminal

LONDON: Two more liquefied natural gas (LNG) tankers are due to arrive at Gate terminal in the Netherlands next week, Re

Published 23 May, 2019 12:03pm

Energy

UK GAS-Prices fall due to higher Norwegian supply

LONDON: British wholesale gas prices fell on Thursday morning, with gas for immediate delivery at a one-month low, due t

Published 23 May, 2019 11:56am

Energy

Oil continues slide on US crude stockpiles surge

LONDON: Oil prices dropped on Thursday, extending falls from the previous session amid surging US crude inventories as a

Published 23 May, 2019 11:23am

Energy

Oil set for worst week in 6 months as crude stockpiles surge

LONDON: Oil prices dropped on Thursday, extending falls from the previous session amid surging US crude inventories as l

Published 23 May, 2019 10:54am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 23 May, 2019 08:52am

Energy

Med crude-Urals eases in Baltic, Surgut sells June cargoes

MOSCOW: Urals crude oil differentials in northwest Europe eased against dated Brent on Wednesday as buyers expected

Published 22 May, 2019 07:12pm

Energy

Hungary received 60,000 tonnes of contaminated Russian oil in May

MOSCOW: Hungary has received a total of 60,000 tonnes of contaminated Russian oil in May via the Druzhba pipeline, of wh

Published 22 May, 2019 03:27pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 May, 2019 12:42pm

Energy

Russia says clean crude oil to reach Hungary, Slovakia within a week: RIA

MOSCOW: Russia's Energy Ministry said on Wednesday that clean crude oil was moving via the Druzhba pipeline towards the

Published 22 May, 2019 12:31pm

Energy

Bulgaria and Greece break ground on long-delayed gas pipeline

SOFIA: Bulgaria and Greece on Wednesday launched construction of a long-delayed pipeline to link their gas networks, con

Published 22 May, 2019 12:13pm

Energy

Oil prices drop on swelling US stockpiles, trade war

LONDON: Oil prices fell on Wednesday after industry data showed an increase in US crude inventories and on demand concer

Published 22 May, 2019 11:18am

Energy

Europe Gasoline/Naphtha-Gasoline crack eases slightly after hitting 8-month high

LONDON: Northwest European gasoline refining margins fell on Tuesday after hitting an eight-month high the previous

Published 21 May, 2019 07:54pm

Energy

Belarus lifts limits on exports of oil products

MINSK: Belarus is lifting limits on the export of its oil products after the contamination of Russian oil via the Dr

Published 21 May, 2019 07:43pm

Energy

Med Crude-Urals stable, Baltic exports for early June unchanged vs May

MOSCOW: Urals crude differentials in northwest Europe were stable on Tuesday, while Russia's provisional loading pla

Published 21 May, 2019 07:32pm

Energy

European April gasoline, naphtha output jump y/y

LONDON: European refineries produced 3.6 percent more gasoline and 7.4 percent more naphtha in April compared with a yea

Published 21 May, 2019 01:35pm

Energy

Oil edges up on escalating US-Iran tensions, supply outages

LONDON: Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that OPEC producers will continu

Published 21 May, 2019 11:38am

Energy

Prices fall due to higher imports from Norway

LONDON: British wholesale gas prices fell on Tuesday morning as a ramp up in imports from Norway left the system oversup

Published 21 May, 2019 09:43am

Energy

Oil steadies near multi-week high as OPEC+ says to stay the course

LONDON: Oil prices steadied near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts

Published 20 May, 2019 04:02pm

Energy

Argentina's YPF offers first LNG cargo from floating facility

LONDON: Argentina's state energy firm YPF is offering a liquefied natural gas (LNG) cargo from its new floating producti

Published 20 May, 2019 03:51pm

Energy

ESPO Blend loading plan from Kozmino port revised up to 2.74mn t in June

MOSCOW: ESPO Blend crude oil's loading plan from the Far East Kozmino port has been revised up by 0.2 million tonnes com

Published 20 May, 2019 03:31pm

Energy

BP HQ blockaded by Greenpeace stunt

LONDON: Greenpeace activists blocked the entrances to BP's global headquarters in London on Monday in a bid to convince

Published 20 May, 2019 03:28pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 20 May, 2019 01:38pm

Energy

Swedish oil refiner Preem reaches compensation deal over Russian crude

LONDON: Oil refiner Preem will be compensated for contaminated Russian crude oil whose high levels of chlorides can dama

Published 20 May, 2019 12:49pm

Energy

UK GAS-Prices rise on low Norway flows and weak wind

British wholesale gas prices rose on Monday morning on undersupply due to low flows from Norway and insufficient wind po

Published 20 May, 2019 12:42pm

Energy

Russia says to resume talks with Belarus on oil transit on Monday

MOSCOW: Russia and Belarus will resume talks on the resumption of oil supplies via the Druzhba pipeline on Monday, Ilya

Published 20 May, 2019 12:17pm

Energy

Oil rises after OPEC+ says to keep output cuts

LONDON: Oil hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that have help

Published 20 May, 2019 12:14pm

Energy

Ukraine suspends transit of Russian oil to EU due to MOL problems

KIEV: Ukraine's UkrTransNafta said that several hours after resuming transit of Russian oil to the European Union on Mon

Published 20 May, 2019 12:09pm

Energy

Russian crude pipeline woes boost Europe's refining profits

LONDON: A string of European refinery outages after contamination forced the shutdown of Russia's Druzhba crude pipeline

Published 20 May, 2019 11:45am

Energy

Prices rise on low Norway flows and weak wind

British wholesale gas prices rose on Monday morning on undersupply due to low flows from Norway and insufficient wind po

Published 20 May, 2019 09:34am

Energy

Russia to release first data on losses linked to contaminated oil on May 20

MOSCOW: A joint comission of Russian and Belarusian representatives will give the first numbers concerning losses in

Published 18 May, 2019 12:15pm

Energy

Exxon Mobil evacuates foreign staff from Iraqi oilfield

DUBAI/BASRA: Exxon Mobil has evacuated all of its foreign staff from Iraq's West Qurna 1 oilfield and is flying them

Published 18 May, 2019 11:50am

Energy

Angola LNG offers spot cargo for June delivery

LONDON: Angola's LNG has offered a spot cargo from its Soyo plant, two industry sources said on Friday. The cargo is

Published 17 May, 2019 08:24pm

Energy

Europe Distillates-Diesel cracks hover around 2-month high

LONDON: Benchmark diesel refining margins in northwest Europe fell slightly from a two-month high, pushed by refinery ou

Published 17 May, 2019 07:48pm

Energy

Oil lifted towards $73 by real and threatened supply cuts

LONDON: Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern

Published 17 May, 2019 04:16pm

Energy

Ukraine says oil transit to Europe suspended until Monday

KIEV: Ukraine's pipeline operator Ukrtransnafta confirmed on Friday that Russian oil flows transiting it to Europe w

Published 17 May, 2019 03:41pm

Energy

Russia's early May oil output below level set in global deal

MOSCOW: Russian oil output from May 1 to May 16 fell to 11.156 million barrels per day (bpd), below the 11.18 billio

Published 17 May, 2019 01:20pm

Energy

Czechs have oil reserves for 68 days after loans

PRAGUE: The Czech Republic has oil reserves for 68 days after two loans it gave to PKN Orlen's Unipetrol refineries to c

Published 16 May, 2019 08:56pm

Energy

Russia's Gazprom in talks on five-year Turkmen gas contract: Ifax

MOSCOW: Russian natural gas producer Gazprom is in talks to sign a five-year contract to buy gas in Turkmenistan, Interf

Published 16 May, 2019 08:36pm

Energy

Brent oil moves towards $73 on Middle East tensions

LONDON: Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in th

Published 16 May, 2019 08:22pm

Energy

Europe Gasoline/Naphtha-Cracks rise sharply on lower stocks

LONDON: Northwest European gasoline refining margins rose sharply on Thursday to $11.89 a barrel after supplies in the r

Published 16 May, 2019 07:43pm

Energy

Europe Distillates-Diesel cracks jump on refinery outages

LONDON: Benchmark diesel refining margins in northwest Europe hit a two-month high on Thursday, buoyed by refinery outag

Published 16 May, 2019 07:34pm

Energy

Oil prices rise for third session on Mideast tensions

LONDON: Oil prices rose on Thursday for the third day in a row as fears of supply disruptions amid heightened tensions i

Published 16 May, 2019 09:19am

Energy

Premier Oil raises output guidance for 2019

LONDON: Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by effi

Published 16 May, 2019 08:54am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 16 May, 2019 08:21am

Energy

Russian clean oil flows to Poland and Germany to resume soon

MOSCOW: Deliveries of clean Russian oil via the northern route of the Druzhba pipeline to Poland and Germany are expecte

Published 15 May, 2019 09:26pm

Energy

Oil falls on US inventories rise, Middle East tensions cap losses

LONDON: Oil fell on Wednesday after data showed a surprise rise in US crude inventories and the US-Chinese trade dispute

Published 15 May, 2019 09:16pm

Energy

Oil prices trapped by grim news from emerging markets

LONDON: Consumption concerns have kept oil prices under pressure since the middle of April, even as threats to productio

Published 15 May, 2019 08:46pm

Energy

Europe Gasoline/Naphtha-Crack slips, falling inventories provide floor

LONDON: Northwest European gasoline refining margins inched down on Wednesday to $9.765 a barrel as demand from the Unit

Published 15 May, 2019 06:01pm

Energy

Diesel cracks rise on tighter supplies

LONDON: Benchmark diesel refining margins in northwest Europe rose by 5 percent on Wednesday with inventories in the reg

Published 15 May, 2019 05:59pm

Energy

North Sea Crude-Forties edges higher, underpinned by Urals contamination

LONDON: North Sea Forties crude differentials edged slightly higher on Wednesday at around a $1 a barrel premium underpi

Published 15 May, 2019 05:20pm

Energy

Russia to restart clean oil supply via Druzhba fully in May or early June

MOSCOW: Exports of clean Russian oil via the Druzhba pipeline, interrupted due to contamination, will be fully resto

Published 15 May, 2019 03:53pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 May, 2019 09:18am

Energy

Russia oil contamination impacts 250,000 bpd of Europe's refinery runs - IEA

LONDON: The impact on European refinery throughput in the second quarter of 2019 from contaminated crude on the Druzhba

Published 15 May, 2019 09:09am

Energy

Europe Gasoline/Naphtha-Crack slips on weaker overseas demand

LONDON: Northwest European gasoline refining margins declined on Tuesday to $10.27 a barrel amid weaker overseas demand.

Published 14 May, 2019 09:42pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 May, 2019 09:09pm

Energy

Russian oil flows via Druzhba to Poland, Germany still suspended: sources

MOSCOW: Russian oil supplies to Poland and Germany via the northern spur of the Druzhba pipeline in Belarus are still su

Published 14 May, 2019 08:23pm

Energy

Polish refiners see clean oil from Russian pipeline soon

KATOWICE: Polish refiners PKN Orlen and Grupa Lotos expect to receive normal quality oil via the Druzhba pipeline from R

Published 14 May, 2019 06:20pm

Energy

Oil prices jump on drone attack on Saudi Aramco facilities

NEW YORK: Oil prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a

Published 14 May, 2019 06:17pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 May, 2019 06:13pm

Energy

Exxon's Mozambique LNG project plan gets approval

Exxon Mobil Corp said on Tuesday that its development plan for Rovuma liquefied natural gas (LNG) project in Mozambique

Published 14 May, 2019 06:06pm

Energy

Europe Gasoline/Naphtha-Crack slips on weaker overseas demand

LONDON: Northwest European gasoline refining margins declined on Tuesday to $10.27 a barrel amid weaker overseas demand

Published 14 May, 2019 06:06pm

Energy

Europe Distillates-Diesel cracks slide as Russian pipeline woes ease

LONDON: Benchmark diesel refining margins in northwest Europe fell sharply on Tuesday as concerns over contaminated crud

Published 14 May, 2019 06:05pm

Energy

Energy group Total says that Louisiana export terminal starts production

PARIS: French energy group Total said on Tuesday that the Cameron LNG export terminal in Louisiana had started up pr

Published 14 May, 2019 03:27pm

Energy

Oil prices jump on drone attack on Saudi Aramco facilities

LONDON: Oil prices rose on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni

Published 14 May, 2019 03:12pm

Energy

OPEC sees more 2019 demand for its oil as it keeps cutting output

LONDON: OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth

Published 14 May, 2019 03:04pm

Energy

Polish pipeline operator PERN to restart Russian oil flows if refinery clients agree

KATOWICE: Polish pipelines operator PERN will make it possible to restart flows of Russian oil if refinery clients j

Published 14 May, 2019 02:55pm

Energy

Oil supply crunch to test OPEC's spare capacity

LONDON: Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC comp

Published 14 May, 2019 08:26am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 May, 2019 08:01am

Energy

Outages from Russia to North Sea give physical crude a boost

LONDON: Crude oil markets in Europe and West Africa are gaining support from unplanned Russian, Iranian and North Sea su

Published 13 May, 2019 08:53pm

Energy

Europe Gasoline/Naphtha-Crack falls slightly but underpinned in tight market

LONDON: Northwest European gasoline refining margins edged lower, but held near one-week highs as German supplies were t

Published 13 May, 2019 08:48pm

Energy

Rosneft says it is evaluating fallout from contaminated oil

MOSCOW: The impact on Rosneft of oil contamination in the Druzhba pipeline will become clearer in the coming weeks as th

Published 13 May, 2019 08:22pm

Energy

Rosneft says Q1 oil output up 3.9pc y/y

MOSCOW: Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the first

Published 13 May, 2019 08:19pm

Energy

Russia's Rosneft says Q1 earnings, oil output rose

MOSCOW: Russian oil producer Rosneft said on Monday its net income and oil production rose in the first quarter as it ra

Published 13 May, 2019 07:43pm

Energy

Russia's Rosneft puts its net debt at $43.9bn in Q1

MOSCOW: Russian energy giant Rosneft said on Monday its net debt stood at $43.9 billion in the first quarter, against $4

Published 13 May, 2019 07:29pm

Energy

Russia's Rosneft lifts profit in Q1

MOSCOW: Russia's largest oil producer Rosneft said Monday that its bottom-line profit rose sharply in the first three mo

Published 13 May, 2019 07:19pm

Energy

Poland sees no need to release more oil reserves

POLAND: Poland's energy minister said on Monday he saw no need to release more mandatory oil reserves after making some

Published 13 May, 2019 07:05pm

Energy

Equinor increases stake in Gulf of Mexico oilfield

OSLO/LONDON: Norwegian oil company Equinor has increased its stake in the Caesar Tonga oilfield in the US Gulf of Me

Published 13 May, 2019 04:50pm

Energy

Europe Gasoline/Naphtha-Crack falls slightly but underpinned in tight market

LONDON: Northwest European gasoline refining margins edged lower, but held near one-week highs as German supplies we

Published 13 May, 2019 04:46pm

Energy

German network agency awards 270 MW of onshore wind power licences

FRANKFURT: Germany's network agency Bundesnetzagentur on Monday said it awarded licences to build 295 megawatts (MW)

Published 13 May, 2019 03:38pm

Energy

Russian oil quality back to normal at Baltic port after contamination

MOSCOW/LONDON: Russia has begun shipping clean oil via the Baltic after a contamination problem disrupted flows for

Published 13 May, 2019 03:23pm

Energy

Oil supply crunch to test OPEC's spare capacity

LONDON: Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC

Published 13 May, 2019 03:05pm

Energy

Hungary's MOL receives Russian oil via Druzhba pipeline on test basis

MOSCOW/LONDON: Hungarian energy company MOL has started to receive Russian oil via the Druzhba pipeline on a test ba

Published 13 May, 2019 11:34am

Energy

Russian oil pumped via Transneft pipelines falls in May

MOSCOW: About 6% less oil was pumped through the pipeline network of Russia's Transneft from May 1 to May 12 compared wi

Published 13 May, 2019 11:02am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 13 May, 2019 08:59am

Energy

Belarus state oil firm says Novopolotsk refinery short on clean oil: statement

MINSK: Belarus state oil firm Belneftekhim said in a statement on Saturday that not enough clean oil is available for th

Published 11 May, 2019 08:16pm

Energy

Belarus' Lukashenko says damages from contaminated oil 'enormous'

MINSK: The president of Belarus Alexander Lukashenko said on Saturday the cost of damages from contaminated oil rece

Published 11 May, 2019 11:46am

Energy

Russian oil flows to Europe drop amid contamination

Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude,

Published 10 May, 2019 07:59pm

Energy

Prices stable amid lack of end-user buying

LONDON: Liquefied natural gas (LNG) prices in Asia held largely steady this week, taking a breather after recovering fro

Published 10 May, 2019 07:53pm

Energy

Europe Gasoline/Naphtha-Cracks end week higher on strong demand

LONDON: Northwest European gasoline refining margins ended the week slightly higher, supported by strong inland demand a

Published 10 May, 2019 07:45pm

Energy

Clean oil loading at Ust-Luga port: Russian energy ministry

MOSCOW: Russia's energy ministry said on Friday that tankers were being loaded with clean oil at the Baltic port of Ust-

Published 10 May, 2019 07:32pm

Energy

Poland's Lotos says gets Russian oil from Primorsk

WARSAW: Poland's number two refiner Grupa Lotos said late on Thursday it received oil supplies from the Russian coastal

Published 10 May, 2019 07:07pm

Energy

Poland says no threat to oil product supply despite pipeline halt

WARSAW: Poland sees no threat to its oil product supplies despite the suspension in April of deliveries of crude via

Published 10 May, 2019 04:36pm

Energy

Oil prices set for weekly fall as US-China trade tensions weigh

LONDON: Oil prices edged up on Friday but were still set to fall over the week, as support due to supply concerns wa

Published 10 May, 2019 04:34pm

Energy

Russian oil quality in Ust-Luga approaching normal

LONDON: Russian oil quality at the Baltic port of Ust-Luga was approaching normal levels on Friday after being conta

Published 10 May, 2019 04:08pm

Energy

Equinor extends Oseberg field shutdown into next week

OSLO: Production at Norway's Oseberg oil and gas field, whose crude is a part of global oil benchmark Bren

Published 10 May, 2019 04:04pm

Energy

Oil gains as supply factors offset trade tensions

LONDON: Oil prices rose on Friday even as the start of U.S. President Donald Trump's tariff hike on $200 billion of Chin

Published 10 May, 2019 10:16am

Energy

Prices rise on undersupply, low wind output

LONDON: British wholesale gas prices rose on Friday morning due to lower imports from Norway and low wind generation.

Published 10 May, 2019 08:27am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 May, 2019 07:56am

Energy

Rosneft to boost oil exports from Pacific amid problems in Europe: trade

MOSCOW: Russia's Rosneft will load an extra crude oil cargo from the Pacific port of Kozmino on May 30-31 in addition to

Published 09 May, 2019 07:54pm

Energy

Oil quality problems at Russia's Ust-Luga seen lasting until May 11: trade

LONDON: Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but was still not good enough for

Published 09 May, 2019 07:54pm

Energy

Europe Gasoline/Naphtha-Cracks rise after sharp drop in ARA stocks

LONDON: Northwest European gasoline refining margins rose on Thursday after a sharp drop in ARA stocks. Gasoline stoc

Published 09 May, 2019 07:27pm

Energy

Oil down as US-China trade fears outweigh inventory drop

LONDON: Oil prices fell on Thursday, reversing earlier gains, as an escalating trade battle between the United State

Published 09 May, 2019 03:42pm

Energy

OPEC in the dark on oil supply as Russia, Iran cut exports

DUBAI/LONDON: OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russi

Published 09 May, 2019 03:39pm

Energy

Bulgaria scraps electricity export fees from July

SOFIA: Bulgaria will scrap the export fee on electricity from July and oblige hundreds of small wind and solar energ

Published 09 May, 2019 03:32pm

Energy

Greek grid gets $200mn EIB loan for Crete undersea power link

ATHENS: Greece moved closer to cutting Crete's reliance on oil to generate power on Thursday as grid operator ADMIE

Published 09 May, 2019 03:30pm

Energy

Russian oil contamination still a problem for buyers at Ust-Luga port

LONDON/MOSCOW: Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but still not good eno

Published 09 May, 2019 03:13pm

Energy

Oil steadies as US-China trade war balances inventory drop

LONDON: Oil prices steadied on Thursday as an escalating trade battle between the United States and China counteract

Published 09 May, 2019 12:31pm

Energy

Prices rise on reduced Norwegian production, weak wind

LONDON: British wholesale gas prices rose on Thursday morning due to reduced gas supplies from Norway and a drop in wind

Published 09 May, 2019 10:27am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 09 May, 2019 08:41am

Energy

Azeri BTC crude oil loading plan from Ceyhan seen little changed in June/May: schedule

MOSCOW: Azeri BTC crude oil loadings from Turkey's Ceyhan port set at 19.15 million barrels in June compared to 20.15 mi

Published 08 May, 2019 08:58pm

Energy

Europe Distillates-Diesel cracks steady, US stocks dip

LONDON: Benchmark diesel refining margins in northwest Europe were little changed on Wednesday as US weekly inventories

Published 08 May, 2019 08:42pm

Energy

West Africa Crude-US imports, gap left by Iran sanctions boost West African crude

LONDON: Nigerian and Angolan crude continued to sell well as demand was robust in the United States ahead of the summer

Published 08 May, 2019 08:06pm

Energy

US sanctions on Iranian oil risk stoking OPEC tensions

LONDON: Washington is counting on Middle East allies to help prevent its sanctions on Iran's oil exports from sending oi

Published 08 May, 2019 07:34pm

Energy

Poland gas link on track for 2022, field acquisitions coming

OSLO: A planned pipeline linking Norwegian natural gas fields to markets in Denmark and Poland is on track for compl

Published 08 May, 2019 03:44pm

Energy

Prices mixed as system well supplied

LONDON: British wholesale gas prices were mixed on Wednesday, with an oversupplied system weighing on within-day prices

Published 08 May, 2019 11:02am

Energy

Markets missing fossil fuel exposure to climate risk: analysis

PARIS: Investors are overlooking the long-term risks climate change poses to oil and gas infrastructure firms, which fac

Published 07 May, 2019 08:13pm

Energy

Russian oil flows to Europe drop amid contamination

LONDON: The quality of Russian crude is gradually improving after a contamination scandal that rocked oil markets, buyer

Published 07 May, 2019 08:13pm

Energy

Europe Gasoline/Naphtha-Cracks slip as high inventories weigh

LONDON: Northwest European gasoline refining margins fell on Tuesday, pressured by higher regional stocks. Gasoline s

Published 07 May, 2019 07:39pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 May, 2019 07:27pm

Energy

Oil slips more than 1pc as US-China trade war intensifies

LONDON: Oil prices fell on Tuesday as renewed doubts over US-China trade talks stoked concerns over global growth, but U

Published 07 May, 2019 07:26pm

Energy

Siemens Gamesa sees busy summer boosting squeezed margins

MADRID: Siemens Gamesa expects its project pipeline for building more windfarms in the second half of the year to bo

Published 07 May, 2019 11:41am

Energy

Prices fall on Norway flows, forecasts for strong wind

British wholesale gas prices fell on Tuesday due to an increase in Norwegian gas flows and as weather forecasts indicate

Published 07 May, 2019 10:07am

Energy

Oil dips as U.S.-China trade war intensifies, but Gulf tensions mount

LONDON: Oil prices fell on Tuesday as renewed doubts over U.S.-China trade talks stoked jitters over global growth, but

Published 07 May, 2019 09:38am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 May, 2019 08:03am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 May, 2019 07:27pm

Energy

Oil prices slump after Trump's tariff threat against China

LONDON: Oil prices tumbled on Monday after US President Donald Trump said he would sharply raise tariffs on Chinese

Published 06 May, 2019 03:41pm

Energy

Turkey rejects US criticism over drilling off Cyprus

ANKARA: Turkey on Monday rejected US criticism of its plans to start exploratory drilling for oil and gas off Cyprus

Published 06 May, 2019 03:15pm

Energy

Ukraine says Russian gas transit rises 6pc in Jan-April

KIEV: Russian natural gas volumes piped via Ukraine to European consumers in the first four month of 2019 rose to 29

Published 06 May, 2019 02:25pm

Energy

Total enters $8.8bn deal with Occidental for Anadarko's Africa assets

PARIS: French energy major Total said on Sunday it had reached a binding agreement with Occidental to acquire Anadar

Published 06 May, 2019 02:12pm

Energy

Russia delivers clean oil to Mozyr refinery in Belarus

MOSCOW: The Russian energy ministry said on Saturday that clean Russian crude oil meeting all quality requirements had a

Published 04 May, 2019 07:04pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 May, 2019 08:55pm

Energy

Gunvor's Rotterdam oil refinery shuts one CDU: sources

LONDON: Gunvor's 88,000 barrel per day (bpd) Rotterdam oil refinery shut one crude distillation unit (CDU), two industry

Published 03 May, 2019 08:53pm

Energy

Europe Gasoline/Naphtha-Cracks fall after high stockpile data

LONDON: Northwest European gasoline refining margins, weighed down by high stockpiles, fell on Friday from an eight-mont

Published 03 May, 2019 08:02pm

Energy

Oil prices headed for weekly decline as US output grows

LONDON: Oil prices were on track Friday for weekly declines as surging US output countered production losses in sanction

Published 03 May, 2019 07:56pm

Energy

Russia to cut oil output by about 10pc in coming days as exports suffer: sources

LONDON: Russia is cutting oil output by as much as 10 percent for several days amid disruptions due to contamination of

Published 03 May, 2019 07:50pm

Energy

European diesel markets rally on Russia pipeline shutdown

LONDON: The European diesel market is finding unexpected support from disruption in the refining sector after the sh

Published 03 May, 2019 04:51pm

Energy

Yamal LNG's cargo to China signals start of regular supply

LONDON: Russia's Yamal liquefied natural gas (LNG) project has sent its first cargo to China this year, signalling t

Published 03 May, 2019 04:29pm

Energy

Poland, Hungary, Czechs to release 8mn barrels of crude from stocks

LONDON: Poland, Hungary and the Czech Republic are making available to their domestic refiners around 8 million barr

Published 03 May, 2019 02:58pm

Energy

Oil prices poised for weekly drop as US output climbs

LONDON: Oil prices were on track for sharp weekly declines on Friday as surging US output countered production losse

Published 03 May, 2019 01:57pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 May, 2019 08:01am

Energy

Russian oil output falls in April but fails to reach reduction target

MOSCOW: Russia's oil production fell to 11.23 million barrels per day (bpd) in April from 11.3 million bpd in March, but

Published 02 May, 2019 08:56pm

Energy

OPEC tries to depoliticise oil, Barkindo says in Tehran

GENEVA: OPEC tries to depoliticise oil, the producer group's secretary-general was quoted by the Iranian oil ministry as

Published 02 May, 2019 08:51pm

Energy

Oil prices weighed down by record US output, inventories

LONDON; Oil prices fell on Thursday, pulled down by record US crude production that led to a surge in inventories. Br

Published 02 May, 2019 08:50pm

Energy

Poland releases 800,000 T of oil reserves after Russian imports halted

WARSAW: Poland's energy ministry has decided to release mandatory oil reserves to secure output at domestic refineries a

Published 02 May, 2019 08:42pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 May, 2019 07:53pm

Energy

Russian oil flows to Ust Luga seen returning to normal by May 5-6: traders

LONDON: Russian oil flows to the Baltic Sea port of Ust Luga are expected to return to normal quality by May 5-6 after a

Published 02 May, 2019 07:47pm

Energy

Europe Gasoline/Naphtha-Cracks rise as crude slumps below $70

LONDON: Northwest European gasoline refining margins rose sharply for a second day on Thursday as crude prices slumped m

Published 02 May, 2019 07:38pm

Energy

Oil falls more than $1 on record US output, inventories

LONDON: Oil fell more than $1 per barrel on Thursday, pulled down by record US crude production that led to a surge

Published 02 May, 2019 03:48pm

Energy

Poland plans floating terminal to boost LNG imports

Poland has decided to install a floating liquefied natural gas (LNG) receiving terminal, in addition to expanding it

Published 02 May, 2019 03:32pm

Energy

Two German refineries arrange additional tanker supply in Russia pipeline crisis

FRANKFURT: Shareholders of two German refineries are arranging crude tanker shipments via the Baltic Sea in response

Published 02 May, 2019 03:02pm

Energy

Turkey cannot quickly abandon Iranian oil, minister says as US waiver ends

ISTANBUL: Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases

Published 02 May, 2019 02:53pm

Energy

Russia says clean oil has reached Belarus via Druzhba pipeline

MOSCOW: The Russian energy ministry confirmed that clean oil reached Belarus via the Druzhba pipeline on Thursday.

Published 02 May, 2019 02:51pm

Energy

Russian oil output falls in April, fails to reach target cuts

MOSCOW: Russia's oil output fell to 11.23 million barrels per day (bpd) in April from 11.3 million bpd in March, but was

Published 02 May, 2019 09:44am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 May, 2019 09:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 May, 2019 07:34pm

Energy

Oil prices dip after US crude stocks rise

LONDON: Oil prices inched down on Wednesday after an unexpected rise in US crude inventories, but the fall was limit

Published 01 May, 2019 01:21pm

Energy

OPEC oil output falls by 90,000 bpd in April: survey

LONDON: The following table shows crude oil output by the Organization of the Petroleum Exporting Countries (OPEC) in mi

Published 30 Apr, 2019 08:49pm

Energy

Steep fall in Chicago sends EU wheat to contract lows

PARIS: European wheat prices touched new contract lows on Tuesday, pressured by a sharp fall on US markets after better

Published 30 Apr, 2019 08:40pm

Energy

Maintenance at Rosneft's Tuapse refinery extended to May 15: sources

MOSCOW: Russia's Tuapse refinery, owned by the country's top oil producer Rosneft, has extended maintenance on its sole

Published 30 Apr, 2019 08:37pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 Apr, 2019 08:36pm

Energy

Russian oil products export from Black Sea port of Tuapse seen at 1.036mn t in May

MOSCOW: Russian oil product exports from the Black Sea port of Tuapse are set to fall by 29.8 percent on a daily basis t

Published 30 Apr, 2019 08:01pm

Energy

OPEC oil output hits four-year low in April on Iran, Venezuela

LONDON: OPEC oil supply hit a four-year low in April, a Reuters survey found, due to further involuntary declines in san

Published 30 Apr, 2019 07:59pm

Energy

LNG tankers Aamira and Zarga to arrive in Britain in mid: May

OSLO: Liquefied natural gas (LNG) tankers Aamira and Zarga are heading to Britain's Milford Haven terminal to unload

Published 30 Apr, 2019 07:59pm

Energy

Polish refiner says taps state strategic oil reserves

WARSAW: Poland's second largest refiner, Grupa Lotos, has started to use the state's strategic oil reserves, Deputy Chie

Published 30 Apr, 2019 07:51pm

Energy

Pipelines may contain 5mn tonnes of polluted Russian oil

MINSK: Pipelines in Russia, Belarus, Ukraine and Poland are estimated to contain 5 million tonnes of contaminated Ru

Published 30 Apr, 2019 04:33pm

Energy

Hungary says 350,000-1,000,000 tonnes of crude was contaminated

BUDAPEST: Between 350,000 and 1 million tonnes of crude oil received by Hungary from the Russian Druzhba pipeline wa

Published 30 Apr, 2019 01:16pm

Energy

Iran to keep exporting crude oil despite U.S. pressure -Iran president

GENEVA: Iran will continue to export oil despite U.S. pressure aimed at reducing the nation's crude oil shipments to zer

Published 30 Apr, 2019 09:32am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 30 Apr, 2019 09:28am

Energy

Record Russian gas sales to Europe help Gazprom profits double

MOSCOW: Russian gas producer Gazprom doubled its annual net profit last year, led by record sales to Europe despite pres

Published 29 Apr, 2019 10:05pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 29 Apr, 2019 09:49pm

Energy

Clean Russian oil has reached Belarus via key pipeline, Moscow says

MINSK/MOSCOW: Clean Russian oil had reached the border with Belarus by midday on Monday, a Russian official said, five d

Published 29 Apr, 2019 09:47pm

Energy

Belarusian oil company says no decision reached yet on Russian oil

MOSCOW: Deputy head of Belarus state oil company Belneftekhim, Vladimir Sizov, on Monday said that negotiations with Rus

Published 29 Apr, 2019 09:26pm

Energy

Exports of Nigeria's Amenam crude oil under force majeure

LONDON: Exports of Nigeria's Amenam crude oil are under force majeure, oil sources told Reuters on Monday. Oil tr

Published 29 Apr, 2019 02:57pm

Energy

Clean Russian oil yet to reach Belarus via major pipeline to Europe

MINSK/MOSCOW: Belarus said on Monday that clean Russian oil had yet to reach its borders via a major pipeline supply

Published 29 Apr, 2019 12:29pm

Energy

Oil prices stumble as hedge funds become overextended

LONDON: Hedge fund managers added even more bullish long positions in crude oil and refined fuels last week, but pos

Published 29 Apr, 2019 12:21pm

Energy

Clean oil has reached border station near Belarus

MOSCOW: Clean oil had reached the Russian border station of Unecha near the Belarusian border by midday on Monday, a

Published 29 Apr, 2019 12:10pm

Energy

Exports of Nigeria's Amenam crude oil under force majeure - oil sources

LONDON: Exports of Nigeria's Amenam crude oil are under force majeure, oil sources told Reuters on Monday. Oil trader

Published 29 Apr, 2019 10:25am

Energy

U.S. sanctions on Iran, Venezuela set up crunch for heavier oil

LONDON: Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of

Published 29 Apr, 2019 07:39am

Energy

Russia won't immediately raise oil output after Iran waivers end

BEIJING: Russia will not immediately raise oil output after the United States ends sanctions waivers for buyers of I

Published 27 Apr, 2019 02:10pm

Energy

Russia to restore oil supplies within two weeks: Deputy PM

MOSCOW: Russian Deputy Prime Minister Dmitry Kozak said in a statement that Russia, Belarus, Poland and Ukraine agreed o

Published 26 Apr, 2019 09:45pm

Energy

Oil major Total targets expansion in retail power market

PARIS: Oil major Total is picking up about 150,000 retail energy customers a month in France and is on course to hit its

Published 26 Apr, 2019 09:36pm

Energy

Kiev expects oil supplies from Russia to resume by early May

MINSK: The head of Ukraine's Ukrtransnafta Nikolai Gavrilenko said on Friday that a technical solution to Russian oil co

Published 26 Apr, 2019 09:22pm

Energy

Diesel cracks end week at lowest since July 2018

LONDON: Diesel margins in northwestern Europe ended the week some 10 percent lower at around $12 a barrel, the lowest si

Published 26 Apr, 2019 08:59pm

Energy

Oil dips but set for milestone run of weekly gains

LONDON: Oil prices dipped on Friday on expectations that OPEC will raise output to counter shrinking exports from Ir

Published 26 Apr, 2019 03:37pm

Energy

Russia, Poland, Ukraine, Belarus officials discuss poor oil quality

MINSK: Russian, Polish, Ukrainian and Belarusian officials will meet in Minsk on Friday to discuss the recent poor q

Published 26 Apr, 2019 02:04pm

Energy

Oil major Total's Q1 net profit slips despite record output

PARIS: French energy major Total said its net profit for the first three months of the year fell 4 percent to $2.8 billi

Published 26 Apr, 2019 09:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Apr, 2019 09:12am

Energy

Russia's Novatek to sell 20pc in Arctic LNG 2 to China

MOSCOW: Two Chinese companies signed agreements with Russia's Novatek on Thursday to buy a combined 20 percent stake in

Published 25 Apr, 2019 08:39pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 25 Apr, 2019 08:36pm

Energy

Iraq's southern oil exports rebound in April: Petro-Logistics

LONDON: Oil exports from southern Iraq have rebounded so far in April, a leading tanker-tracking company said on Thursda

Published 25 Apr, 2019 08:26pm

Energy

Urals crude oil loadings from Ust-Luga halted as buyers cite quality issues: trade

MOSCOW: Urals crude oil shipments from Ust-Luga port were halted on Wednesday as buyers refused to load cargoes, citing

Published 25 Apr, 2019 06:04pm

Energy

Russia to supply clean oil to border with Belarus on April 29

MOSCOW: Clean Russian oil is expected to reach a border with Belarus via a pipeline on April 29, Deputy Prime Minist

Published 25 Apr, 2019 01:46pm

Energy

Belarus estimates losses from lower oil product exports at around $100mn

MOSCOW: Minsk estimates its loss from lower oil product exports due to contaminated Russian oil at around $100 milli

Published 25 Apr, 2019 01:18pm

Energy

Brent oil hits $75 for first time in 2019 as Russian exports cut

LONDON: Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the

Published 25 Apr, 2019 01:11pm

Energy

Germany has enough supply to cope with Russian oil pipeline halt

FRANKFURT: German refineries have adequate oil stocks to deal with a halt to import flows on the Russian Druzhba pip

Published 25 Apr, 2019 01:09pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 25 Apr, 2019 09:12am

Energy

Germany, Poland halt oil imports via Russian pipeline over quality concerns

MOSCOW: Major Russian oil buyers Poland and Germany have suspended imports of Russian crude via a major pipeline, citing

Published 25 Apr, 2019 08:26am

Energy

Russian government to hold meeting on oil quality as problems worsen - sources

MOSCOW: Russian government officials will hold a meeting on Thursday to discuss oil quality issues after Poland and Germ

Published 25 Apr, 2019 08:24am

Energy

Russia's Novatek launches Vysotsk LNG plant, wants to boost capacity

ST PETERSBURG: Russia's Novatek has officially launched its second liquefied natural gas (LNG) plant as it aims to expan

Published 24 Apr, 2019 10:55pm

Energy

Russia's Surgut to sell up to 60,000T of vacuum gasoil in Aug-Sept: traders

MOSCOW: Russian oil producer Surgutneftegaz plans to sell up to 60,000 tonnes of vacuum gasoil (VGO), produced at the Ki

Published 24 Apr, 2019 10:52pm

Energy

Gail offers 10 US LNG cargoes for June 2019 to March 2020 loading

LONDON: Gail India on Wednesday offered 10 cargoes of liquefied natural gas (LNG) loading in the United States, three tr

Published 24 Apr, 2019 09:56pm

Energy

Europe Gasoline/Naphtha-Cracks fall, lower US stocks support

LONDON: Northwest European gasoline refining margins eased on Wednesday but a larger than expected drop in US weekly inv

Published 24 Apr, 2019 08:35pm

Energy

Oil firm Equinor agrees climate change targets with investors

OSLO/LONDON: Norwegian oil and gas company Equinor will revise its climate targets next year and assess its investments

Published 24 Apr, 2019 07:22pm

Energy

Oil firm Seplat eyes $700mn for Nigerian gas development

LONDON: Nigerian oil company Seplat said on Wednesday it had taken a final investment decision to develop gas fields in

Published 24 Apr, 2019 07:20pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 24 Apr, 2019 07:17pm

Energy

Oil hovers around 6-month high as US stocks rise

LONDON: Oil prices hovered around six-month highs on Wednesday after data showing rising US stocks countered fears o

Published 24 Apr, 2019 04:25pm

Energy

Putin says Russia to boost LNG output for greater market role

ST PETERSBURG: Russia will gradually increase its production of liquefied natural gas (LNG) in order to play a great

Published 24 Apr, 2019 04:18pm

Energy

Russian oil flow contamination roils Europe's refiners

MOSCOW: The quality of Russian oil flowing to northern and central Europe has deteriorated significantly in recent d

Published 24 Apr, 2019 04:12pm

Energy

Rotterdam set to receive Pskov LNG tanker on April 24 - shipping data

LONDON: Rotterdam Port in the Netherlands is set to receive liquefied natural gas (LNG) tanker Pskov on April 24, Refini

Published 24 Apr, 2019 09:49am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 24 Apr, 2019 09:44am

Energy

Europe Gasoline/Naphtha-Crack rises on higher exports, demand

LONDON: Northwest European gasoline refining margins rose on Tuesday supported by strong exports from the region and sig

Published 23 Apr, 2019 11:29pm

Energy

Oil hits highest since November as US to tighten Iran sanctions

LONDON: Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of

Published 23 Apr, 2019 02:58pm

Energy

Oil traders to Saudi Arabia: ‘show us the barrels’

LONDON: "The United States, Saudi Arabia and the United Arab Emirates ... are committed to ensuring that global oil

Published 23 Apr, 2019 01:38pm

Energy

LNG tankers Arctic Voyager and Lijmiliya heading to Britain

OSLO: The Arctic Voyager liquefied natural gas (LNG) tanker is expected to arrive at Britain's Isle of Grain LNG termina

Published 23 Apr, 2019 08:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 23 Apr, 2019 08:46am

Energy

Oil price rise pushes up euro zone debt yields

LONDON: Government bond yields in the euro area nudged up on Tuesday, as oil prices rose to their highest levels this ye

Published 23 Apr, 2019 08:24am

Energy

Oil hits 2019 high on US plan to tighten squeeze on Iran

LONDON: Oil topped $74 a barrel on Monday, the highest since November, as the United States was set to announce a furthe

Published 22 Apr, 2019 07:30pm

Energy

W. Africa Crude-Scarcer Angolan cargoes sell fast, Nigeria selling prices lower

LONDON: Angolan crude was already selling rapidly and at sky-high prices after the preliminary loading programme for

Published 18 Apr, 2019 08:39pm

Energy

Oil prices steady despite Saudi export cuts, US inventory draw

LONDON: Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabi

Published 18 Apr, 2019 08:24pm

Energy

Med Crude-Urals diffs in NW Europe slip below dated Brent as Glencore sells cargo

MOSCOW: Urals crude differentials in northwest Europe lost 35 cents a barrel to dated Brent on Thursday, with only o

Published 18 Apr, 2019 08:12pm

Energy

Oil prices rise on lower U.S. stocks, OPEC+ supply cuts

LONDON: Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPE

Updated 18 Apr, 2019 09:12pm

Energy

Oil prices rise on lower US stocks, OPEC+ supply cuts

LONDON: Oil prices rose slightly on Thursday, boosted by a decline in US inventories, ongoing supply cuts from OPEC and

Published 18 Apr, 2019 03:20pm

Energy

Portugal petrol strike lifted

LISBON: Fuel haulers in Portugal lifted on Thursday a strike that caused long lines at petrol stations days before a lon

Published 18 Apr, 2019 01:52pm

Energy

Portugal's fuel-tanker truckers call off damaging strike

LISBON: Portuguese fuel-tanker drivers have ended a national strike after agreeing to return to negotiations over demand

Published 18 Apr, 2019 09:59am

Energy

Shell says its Dutch petchem plant going down, maintenance not yet confirmed

LONDON:* Royal Dutch Shell said its Moerdijk petrochemical plant in the Netherlands was shutting down, but a planned mai

Published 18 Apr, 2019 09:09am

Energy

Oil hits 2019 high above $72 on China growth, lower US inventories

LONDON: Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and

Published 17 Apr, 2019 09:16pm

Energy

German gas imports rise in first two months of 2019, bill up 12.5pc y/y

FRANKFURT: Germany imported 0.6 percent more gas in the first two months of 2019 than a year earlier and its import

Published 17 Apr, 2019 08:41pm

Energy

W. Africa Crude-Angola set for lowest exports in 13 years in June

LONDON: Price differentials for Angolan crude were set to go off the charts on Wednesday after the state oil company

Published 17 Apr, 2019 08:19pm

Energy

Angola's crude exports to hit lowest level in 13 years in June

LONDON: Angola's crude oil exports will fall in June to their lowest level in 13 years due to a shutdown at the Satu

Published 17 Apr, 2019 08:12pm

Energy

Oil prices rise for a second day on China demand, US stockpile drop

SEOUL: Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world's sec

Published 17 Apr, 2019 03:16pm

Energy

Oil hits 2019 high above $72 on China growth, lower US

LONDON:Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fal

Published 17 Apr, 2019 02:44pm

Energy

Kazakhstan's Q1 oil, gas condensate output up 2.7 pct

ALMATY: Kazakhstan's output of oil and gas condensate rose 2.7 percent year-on-year in the first quarter of 2019 to 23.

Published 17 Apr, 2019 02:41pm

Energy

CNOOC offers LNG cargo for July delivery amid high stocks in China

LONDON: China National Offshore Oil Corp (CNOOC) is offering to buyers a cargo of liquefied natural gas (LNG) for July d

Published 17 Apr, 2019 02:29pm

Energy

Oil hits 2019 high above $72 on China growth, lower U.S. inventories

LONDON: Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fa

Published 17 Apr, 2019 10:21am

Energy

Angola's crude oil exports to fall sharply in June on field shutdown

LONDON: Angola's crude oil exports will fall sharply in June due to a shutdown at the Saturno field during that month, a

Published 17 Apr, 2019 10:01am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 17 Apr, 2019 06:32am

Energy

Upstart Russian oil firm, with Goldman Sachs backing, bucks industry blues

YARAKTA OIL FIELD: In the frozen taiga of eastern Siberia, where bears roam in spring after waking from hibernation, an

Published 16 Apr, 2019 03:42pm

Energy

Oil slips to $71, hit by talk of higher OPEC+ production

LONDON: Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher US inventories and conc

Published 16 Apr, 2019 03:41pm

Energy

Total CEO says company pledges 100 million euro to rebuild Notre-Dame

PARIS: French energy major Total will make a 100 million euro ($112.98 million) contribution to the reconstruction of th

Published 16 Apr, 2019 01:54pm

Energy

Oil slips to $71, hit by talk of higher OPEC+ production

LONDON: Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and co

Published 16 Apr, 2019 09:55am

Energy

Prices dip on expectations of warmer weather

LONDON: British wholesale gas prices fell on Tuesday morning as expectations of warmer temperatures curbed demand.

Published 16 Apr, 2019 08:43am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 16 Apr, 2019 07:54am

Energy

Med Crude-Urals diffs stable, CPC Blend bid higher

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and Mediterranean were stable on Monday, while

Published 15 Apr, 2019 08:33pm

Energy

Spot gains, curve tracks carbon and coal higher

PARIS: European spot power prices for day-ahead delivery nudged higher on Monday supported by a forecast increase in Ger

Published 15 Apr, 2019 02:09pm

Energy

Shell says strikes cause TGI shutdown at Pernis

LONDON: Royal Dutch Shell said the TGI unit at its 404,000 barrels per day Pernis plant in the Netherlands, Europe's

Published 15 Apr, 2019 02:08pm

Energy

Oil pauses; focus on future supply direction

TOKYO/LONDON: Oil prices halted their rally on Monday with Brent futures falling below $71 per barrel on signals that Ru

Published 15 Apr, 2019 02:04pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherl

Published 15 Apr, 2019 01:52pm

Energy

Hyundai Heavy says Aramco buys 17 pct stake in S.Korean refiner unit for $1.2bn

SEOUL: The biggest shareholder in South Korean oil refiner Hyundai Oilbank said on Monday that state-owned Saudi Aramco

Published 15 Apr, 2019 01:50pm

Energy

Russia's oil export duty to rise to $104.6/T in May

MOSCOW: Russia's oil export duty <CL-EXPDTY-RU> is expected to rise to $104.6 per tonne in May from $97.4 per tonn

Published 15 Apr, 2019 10:30am

Energy

Prices fall on warm weather forecast

LONDON: British wholesale gas prices fell on Monday morning on expectations of a drop in gas demand due to forecasts for

Published 15 Apr, 2019 10:19am

Energy

LNG tanker Gaslog Sydney to unload in the Netherlands on April 17

LONDON: Liquified natural gas (LNG) tanker the Gaslog Sydney is heading to the Dutch Gate terminal to deliver a cargo on

Published 15 Apr, 2019 08:43am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 15 Apr, 2019 08:38am

Energy

Oil rally pauses with focus on supply direction

TOKYO/LONDON: Oil prices halted their rally on Monday with Brent futures falling below $71 per barrel on signals tha

Updated 15 Apr, 2019 09:14pm

Energy

Fire breaks out at Lukoil's refinery in Russia's Urals

MOSCOW: A fire broke out at a refinery of Russian oil producer Lukoil in Russia's Urals region of Perm on Sunday but has

Published 14 Apr, 2019 03:34pm

Energy

Russia, OPEC may ditch oil deal to fight for market share - Russian minister

MOSCOW: Russia and OPEC may decide to boost production to fight for market share with the United States but this would p

Published 13 Apr, 2019 03:51pm

Energy

Oil rises as supply constraints outweigh China slowdown fears

LONDON: Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a t

Published 12 Apr, 2019 01:36pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 12 Apr, 2019 01:34pm

Energy

Crude gains to propel oil stocks higher as earnings loom

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anc

Published 12 Apr, 2019 01:20pm

Energy

CPC Blend crude oil exports set at 4.6mn t for May - preliminary schedule

MOSCOW: CPC Blend crude oil exports from the Black Sea's Yuzhnaya Ozereyevka terminal were set at 4.6 million tonnes fo

Published 12 Apr, 2019 01:20pm

Energy

Prices fall due to oversupply

LONDON: British wholesale gas prices fell on Friday morning, erasing some of the gains made earlier this week after carb

Published 12 Apr, 2019 10:54am

Energy

Oil rises as supply constraints outweigh China slowdown fears

LONDON: Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a t

Published 12 Apr, 2019 10:10am

Energy

Oil scores best run in 3 years as dollar, stocks tread water

LONDON: Signs of a stabilisation in China's giant economy and a soggy dollar helped oil markets cement their best run fo

Published 12 Apr, 2019 09:42am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 12 Apr, 2019 06:54am

Energy

OPEC could raise oil output if prices increase, shortages mount: sources

DUBAI/LONDON/MOSCOW: OPEC could raise oil output from July if Venezuelan and Iranian supply drops further and prices

Published 11 Apr, 2019 08:56pm

Energy

Saudi oil cuts deeper than promised: IEA

PARIS: Saudi Arabia has slashed its oil production by more than promised as part of a pact to boost oil prices, the Inte

Published 11 Apr, 2019 09:07am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 11 Apr, 2019 07:22am

Energy

Venezuela reports collapse in oil supply, tightening global market: OPEC

LONDON: Venezuela told OPEC that the country's oil output sank to a new long-term low last month due to U.S. sanctio

Published 10 Apr, 2019 07:25pm

Energy

Oil prices slip as US stocks surge, but global market tightens

LONDON: Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC-led cuts

Updated 11 Apr, 2019 09:11pm

Energy

Med crude-Urals diffs stable, Azeri BTC premiums jump

MOSCOW: Urals differentials were stable on Wednesday as April trading has slowed down, while premiums for May Azeri

Published 10 Apr, 2019 06:51pm

Energy

Oil rallies as steep US gasoline stock draw overshadows crude build

NEW YORK: Oil prices rose on Wednesday after US data showing a hefty drawdown in gasoline stocks overshadowed crude inve

Published 10 Apr, 2019 03:32pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 10 Apr, 2019 02:22pm

Energy

Shell says strike yet to shut units at Pernis oil refinery

LONDON: Royal Dutch Shell is yet to shut down any units at its Pernis oil refinery in the Netherlands despite workers at

Published 10 Apr, 2019 01:16pm

Energy

Oil up on tight supply, but economic slowdown weighs

LONDON: Oil prices rose on Wednesday back towards five-month highs hit the previous day, as OPEC production cuts and US

Published 10 Apr, 2019 01:14pm

Energy

Venezuela, Saudi oil output slumps: OPEC

PARIS: OPEC's oil output dropped sharply last month as a result of steep production cuts in Venezuela and kingpin Saudi

Published 10 Apr, 2019 12:43pm

Energy

Overpriced Aramco debt still has a Saudi discount

LONDON: Aramco's <IPO-ARAM.SE> debt is both cheap and overpriced. That's the takeaway from the Saudi oil giant's m

Published 10 Apr, 2019 08:45am

Energy

Med Crude-Urals slips in NWE as ample supplies weigh

MOSCOW: Urals crude differentials to dated Brent in northwest Europe lost 45 cents a barrel on Tuesday in active tra

Published 09 Apr, 2019 08:27pm

Energy

Oil slips from five-month high as Russia signals output boost

LONDON: Oil slipped from a five-month high above $71 a barrel on Tuesday as Russian comments signalling the possible

Updated 09 Apr, 2019 09:21pm

Energy

Yamal LNG annual capacity seen at 18.5mn tonmnes -Novatek CEO

ST PETERSBURG: The chief executive of Russia's Novatek, Leonid Mikhelson, on Tuesday said that the final capacity of the

Published 09 Apr, 2019 05:24pm

Energy

EIA raises forecast for 2019 US crude output growth

NEW YORK: US crude oil production is expected to rise by 1.43 million barrels per day (bpd) in 2019 to average 12.39 mil

Published 09 Apr, 2019 05:20pm

Energy

Swiss return $365mn frozen over Petrobras scandal to Brazil

GENEVA: Switzerland said Tuesday it had restituted around $365 million from funds it seized during a corruption probe of

Published 09 Apr, 2019 01:55pm

Energy

European March oil stocks up 2.5 pct -Euroilstock

LONDON: European crude and refined oil product inventories rose to 1.1 billion barrels in March, up 2.5 percent from F

Published 09 Apr, 2019 01:36pm

Energy

Oil hits five-month high above $71 on Libyan supply threat

LONDON: Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could furth

Published 09 Apr, 2019 11:04am

Energy

Commodity currencies buoyed by crude oil price rally

LONDON: The Australian and Canadian dollars rose on Tuesday, aided by a surge in oil prices to five-month highs that lif

Published 09 Apr, 2019 09:13am

Energy

Med Crude-Urals diffs steady despite top-ups to April loading schedule

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and the Mediterranean held steady on Monday des

Published 08 Apr, 2019 08:49pm

Energy

Russia could boost oil output by 228,000 bpd or more in June: RDIF

MOSCOW: Russia could boost its oil output by 228,000 barrels a day or more in June, Kirill Dmitriev, the head of Rus

Published 08 Apr, 2019 08:26pm

Energy

Oil hits 5-month high on OPEC cuts, US sanctions and Libya fighting

SINGAPORE/LONDON: Oil prices rose to their highest since November on Monday, driven by OPEC supply cuts, U.S. sancti

Updated 08 Apr, 2019 09:21pm

Energy

Crude oil intake suspension at Rosneft's Tuapse refinery to continue until April 18

MOSCOW: The crude oil intake suspension at Rosneft's Tuapse refinery will continue until April 18, Russia's transport mo

Published 08 Apr, 2019 04:32pm

Energy

Shell pushes green credentials with ‘carbon neutral’ driving scheme

LONDON: Dutch drivers seeking to offset their impact on the environment will soon be able to do so at Shell petrol stati

Published 08 Apr, 2019 04:18pm

Energy

Oil traders hail output cuts but wary on economic outlook: Kemp

LONDON: Hedge fund managers are becoming progressively more bullish on the outlook for crude and gasoline prices, but th

Published 08 Apr, 2019 04:11pm

Energy

Russia's Rosneft says fire at oil refinery in Samara put out

MOSCOW: Russian oil producer Rosneft said a fire that broke out earlier on Monday at a secondary facility at its Novokui

Published 08 Apr, 2019 09:14am

Energy

Russia's Surgut to sell up to 3.0mn T of diesel ex-Primorsk in Q3-Q4 - traders

MOSCOW: Russian oil producer Surgutneftegaz plans to sell up to 3.0 million tonnes of ultra-low sulphur diesel, produced

Published 08 Apr, 2019 09:09am

Energy

Russia signals OPEC and allies should raise oil output from June

MOSCOW/LONDON: One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signalled on Monday

Published 08 Apr, 2019 08:46am

Energy

Five additional LNG tankers on way to northwest Europe

LONDON: Five additional liquefied natural gas tankers are on their way to ports in Britain and the Netherlands in the ne

Published 08 Apr, 2019 08:06am

Energy

Russian idle refining capacity to rise in May - data

MOSCOW: Russian offline primary oil refining capacity will rise by a third to 3.69 million tonnes in May from a revised

Published 06 Apr, 2019 01:38pm

Energy

G7: Libya's oil facilities must not be used for political gain

DINARD: Libya's rival factions must not use its oil installations for political gain, the G7 club of nations warned on S

Published 06 Apr, 2019 01:32pm

Energy

Russia's 2019 oil output seen rising if global deal on curbs not extended

MOSCOW: Russian oil production may increase again this year if a global oil deal to cut output is not extended once

Published 05 Apr, 2019 06:20pm

Energy

Shell hit with Dutch climate lawsuit

THE HAGUE: Climate campaigners marched to Shell's headquarters in the Netherlands on Friday and handed the oil giant a l

Published 05 Apr, 2019 03:56pm

Energy

Ukraine says Russian gas transit rises 4 pct in Jan-March

KIEV: Russian natural gas volumes piped via Ukraine to European consumers rose 4 percent year-on-year in the first three

Published 05 Apr, 2019 02:18pm

Energy

Russia's 2019 oil output seen rising if global deal on curbs not extended

MOSCOW: Russian oil production may increase again this year if a global oil deal to cut output is not extended once

Published 05 Apr, 2019 02:11pm

Energy

Fitch sees Brent crude at $62.5/bbl in 2020 as economic woes bite

BAKU: A faltering global economy may start eating into demand for oil as early as this year, pushing prices lower, Fitch

Published 05 Apr, 2019 02:01pm

Energy

Prices jump as flows through Norwegian pipeline drop

LONDON: European benchmark gas prices jumped on Friday morning due to a drop in supply from Norway through the Langeled

Published 05 Apr, 2019 10:06am

Energy

Oil prices edge lower on economic concerns, but geopolitics support

LONDON: Oil prices declined on Friday, with Brent slipping away from the $70 mark reached the previous day, but both mai

Published 05 Apr, 2019 09:24am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 05 Apr, 2019 08:49am

Energy

British and Dutch gas prices jump as Norway flows drop

LONDON: British and Dutch gas prices opened up to 10 percent higher on Friday morning after supply from Norway dropped.

Published 05 Apr, 2019 08:13am

Energy

Russia's Gazprom Neft boosts oil output capacity in Kurdistan

MOSCOW: Russian oil producer Gazprom Neft has increased the production capacity of its Sarqala field in Iraqi Kurdistan

Published 04 Apr, 2019 02:47pm

Energy

Brent oil resumes climb to $70 on tightening global supply

TOKYO/LONDON: Brent oil prices resumed their climb towards $70 per barrel on Thursday as expectations of tight global su

Published 04 Apr, 2019 02:13pm

Energy

Prices mixed on weather forecasts

LONDON: British wholesale gas prices were mixed on Thursday morning on revised weather forecasts for the next couple of

Published 04 Apr, 2019 10:51am

Energy

Energy group Total's Saft arm strikes China batteries deal

PARIS: The Saft subsidiary of French energy group Total has struck a new deal to expand its presence in China in the fas

Published 04 Apr, 2019 07:23am

Energy

Brent nears $70 as oil prices rise for 4th day

LONDON: Oil prices rose for a fourth day on Wednesday, pushing Brent towards a nearly five-month high of $70 a barrel as

Published 03 Apr, 2019 01:26pm

Energy

Ukrainian government bans gas price hikes before vote

KIEV: The Ukrainian government has banned state-run gas producer Naftogaz from raising consumer gas prices, Prime Minist

Published 03 Apr, 2019 12:56pm

Energy

Brent nears $70 as oil prices rise for 4th day

LONDON: Oil prices rose for a fourth day on Wednesday, pushing Brent towards a nearly five-month high of $70 a barrel on

Published 03 Apr, 2019 12:26pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 03 Apr, 2019 07:59am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 03 Apr, 2019 07:17am

Energy

Oil hits 2019 high on OPEC cuts, concerns over demand ease

LONDON: Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and furth

Updated 02 Apr, 2019 08:37pm

Energy

Oil hits 2019 high on signs of tighter supply; Brent eyes $70/bbl

NEW YORK: Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect th

Published 02 Apr, 2019 04:25pm

Energy

Europe Gasoline/Naphtha-Margins rise on continued exports

LONDON: Northwest European gasoline refining margins edged higher on Tuesday on persistent strong overseas demand.

Published 02 Apr, 2019 04:22pm

Energy

3-Oil hits 2019 high on OPEC cuts, concerns over demand ease

LONDON: Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and further V

Published 02 Apr, 2019 10:52am

Energy

Prices fall on strong LNG send-out

LONDON: British wholesale gas prices fell on Tuesday, pressured by strong liquefied natural gas (LNG) flows and storage

Published 02 Apr, 2019 10:47am

Energy

Iran says oil market supply/demand balance is fragile

LONDON: The balance between supply and demand in the oil market is fragile, Iranian Oil Minister Bijan Zanganeh said

Published 01 Apr, 2019 09:48pm

Energy

WTI hits 2019 high as oil extends Q1 gains on tight supply

LONDON: US crude oil hit a 2019 high on Monday and Brent gained a dollar after tight supply and positive signs for t

Published 01 Apr, 2019 09:33pm

Energy

OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts

LONDON: OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-

Published 01 Apr, 2019 09:29pm

Energy

Oil extends Q1 gains on tight supply, economic optimism

LONDON: Oil rose on Monday, building on its largest first-quarter gains in nearly a decade, as tight supply and posi

Updated 01 Apr, 2019 10:05pm

Energy

OPEC oil output hits four-year low on Saudi cuts, Venezuela blackouts

LONDON: OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-deli

Published 01 Apr, 2019 02:30pm

Energy

Oil prices rise on supply worries, extend strong Q1 gains

TOKYO: Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest in

Published 01 Apr, 2019 01:01pm

Energy

Oil major Total buys 25 pct stake in French group

Total has signed an agreement with Ecoslops S.A., an innovative company that regenerates oil residues into new fuels a

Published 01 Apr, 2019 01:00pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

LONDON: The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands

Published 01 Apr, 2019 12:57pm

Energy

Russia expects 1.2pc yearly increase in electricity demand until 2024 - minister

KRASNOYARSK, Russia: Russian Energy Minister Alexander Novak said on Saturday the country was expecting domestic demand

Published 30 Mar, 2019 09:11am

Energy

Total plans maintenance at Donges refinery units from April to June

PARIS: French oil and gas major Total said on Friday that it will halt production from some units at its 220,000 barrels

Published 29 Mar, 2019 04:37pm

Energy

Oil set for biggest quarterly rise since 2009 amid OPEC cuts, sanctions

LONDON: Oil prices rose on Friday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude m

Published 29 Mar, 2019 01:05pm

Energy

Europe gasoline exports surge as US stocks drop

LONDON: European gasoline exports jumped to a two-year high this week after a recent sharp drop in US stocks sparked a w

Published 29 Mar, 2019 12:55pm

Energy

North Sea Forties crude oil loadings rise to 19 cargoes in May

LONDON: Loadings for Britain's Forties crude oil stream have been set at 19 cargoes in May, up from 17 cargoes in April,

Published 28 Mar, 2019 02:23pm

Energy

Oil falls as Trump calls on OPEC to boost output

LONDON: Oil fell on Thursday after US President Donald Trump called for the Organization of the Petroleum Exporting Coun

Published 28 Mar, 2019 02:20pm

Energy

Oil traders wait to assess impact of IMO regulations - Kemp

LONDON: If oil traders and consumers are worried about the impact of new maritime fuel regulations from the start of

Published 27 Mar, 2019 03:16pm

Energy

Oil prices slip as market eyes US inventories

LONDON: Oil prices edged lower on Wednesday, reversing earlier gains, as further disruptions to Venezuela's crude export

Published 27 Mar, 2019 12:22pm

Energy

Russia's oil production at 11.30 million bpd on March 1-26

MOSCOW:Russia's oil production was at an average of 1.542 million tonnes per day between March 1-26, a source familiar w

Published 27 Mar, 2019 09:27am

Energy

Algeria's oil, gas production unaffected by unrest: IEA

OSLO: Algeria's oil and gas production appears to be unaffected so far by the political unrest gripping the country, an

Published 26 Mar, 2019 04:30pm

Energy

Croatia eyes more gas and oil production, use of geothermal sources

ZAGREB: Croatia's tender for gas and oil exploration in the north of the country has met good initial demand from potent

Published 26 Mar, 2019 02:33pm

Energy

Oil up near $68 as supply cuts outweigh economic worry

LONDON: Oil rose towards $68 a barrel on Tuesday as OPEC supply cuts and expectations of lower US inventories outweighed

Published 26 Mar, 2019 12:32pm

Energy

Iran's crude oil pipelines undamaged by heavy rain and flooding

GENEVA: Iran's crude oil pipelines have not been damaged by flooding in recent days and the transfer of oil is taking pl

Published 26 Mar, 2019 10:37am

Energy

Prices rise on cooler temperatures, low wind power output

LONDON: British wholesale gas prices rose on Tuesday as gas demand for heating and power generation picked up, leaving t

Published 26 Mar, 2019 09:51am

Energy

Oil prices hit by worries of sharp economic slowdown

LONDON: Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter

Published 25 Mar, 2019 09:08pm

Energy

Turkey plans to import more Iranian gas - IRNA

DUBAI: Turkey plans to increase imports of Iranian natural gas, a senior Iranian official told state news agency IRNA on

Published 25 Mar, 2019 11:37am

Energy

Israel's Delek exploring partnership with Egypt LNG plants

JERUSALEM: Israel's Delek Drilling said on Sunday it was exploring options to boost natural gas exports to Egypt, includ

Published 24 Mar, 2019 12:07pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Mar, 2019 09:12am

Energy

Oil slips but holds near 2019 peak as supplies tighten

LONDON: Oil edged lower on Thursday but held near 2019 highs, supported by a tightening of global stocks, OPEC produ

Published 21 Mar, 2019 06:15pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 20 Mar, 2019 02:12pm

Energy

Oil prices fall on economic worries despite tight supply

LONDON: Oil prices fell on Wednesday, dragged down by concerns about global economic growth as the US-China trade disput

Published 20 Mar, 2019 01:43pm

Energy

Prices pick up from lows on outage, strike

LONDON: British wholesale gas prices picked up from 18-month lows on Tuesday, as an unplanned outage reduced supplies sl

Published 19 Mar, 2019 10:13am

Energy

Oil producers to decide in June on extending cuts

BAKU: Major oil producers led by Saudi Arabia agreed Monday to keep working together to prop up crude prices, but sa

Published 18 Mar, 2019 04:08pm

Energy

Oil edges above $67 as OPEC-led supply cuts support

LONDON: Oil edged further above $67 a barrel on Monday, supported by the prospect of prolonged OPEC-led oil supply c

Published 18 Mar, 2019 03:03pm

Energy

OPEC and allies meet to review oil production cuts

BAKU: OPEC nations and allied oil producers met in Azerbaijan on Monday to review a strategy of production cutbacks

Published 18 Mar, 2019 01:53pm

Energy

Crude oil export and transit from Russia to rise 0.7pc in Q2/Q1 2019: schedule

MOSCOW: Crude oil exports and transit from Russia have been set at 62.8 million tonnes for April-June 2019 compared

Published 18 Mar, 2019 12:05pm

Energy

OPEC to scrap April meeting but keep oil cuts in place

BAKU: OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June

Published 18 Mar, 2019 11:58am

Energy

Oil slips to $67 as economy concern counters OPEC cuts

LONDON: Oil slipped to around $67 a barrel on Monday, weighed by concern that an economic downturn may dent fuel con

Published 18 Mar, 2019 11:51am

Energy

Two LNG tankers head for Britain, Netherlands

LONDON: Britain's Isle of Grain is set to receive liquefied natural gas (LNG) tanker Ougarta from Algeria on March 21, a

Published 18 Mar, 2019 07:27am

Energy

Ukraine PM seeks talks with IMF to avert gas price rises

KIEV: Ukraine's Prime Minister Volodymyr Groysman said on Friday he would urge the finance ministry and state-run en

Published 15 Mar, 2019 01:10pm

Energy

Fearing new oil glut, OPEC builds case for keeping supply cuts

LONDON: OPEC on Thursday cut the forecast of global demand for its oil this year as rivals boost production, buildin

Published 14 Mar, 2019 04:19pm

Energy

Exxon eyes Israel gas bid in major Middle East shift

HOUSTON: Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the

Published 13 Mar, 2019 08:30pm

Energy

OPEC to maintain cuts to reduce global inventories -official

HOUSTON: The Organization of the Petroleum Exporting Countries is expected to review global oil demand and supply balanc

Published 11 Mar, 2019 08:52pm

Energy

Oil gains as Saudi stands by OPEC supply cuts, US rig activity drops

LONDON: Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC

Published 11 Mar, 2019 01:33pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 11 Mar, 2019 08:47am

Energy

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts

LONDON: Oil prices rose on Thursday on the back of ongoing OPEC-led supply cuts and US sanctions against exporters V

Published 07 Mar, 2019 12:11pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Mar, 2019 09:55am

Energy

Oil edges higher towards $66 as OPEC-led cuts in view

LONDON: Oil edged higher towards $66 a barrel on Tuesday as the market balanced OPEC-led efforts to tighten supply w

Published 05 Mar, 2019 05:01pm

Energy

Oil rises to $66 as OPEC-led cuts in view

LONDON: Oil rose to around $66 a barrel on Tuesday as the market balanced OPEC-led efforts to tighten supply with th

Published 05 Mar, 2019 03:55pm

Energy

Oil drops towards $65 as Libya's biggest field restarts

LONDON: Oil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya's biggest oilfield and on expect

Published 05 Mar, 2019 12:04pm

Energy

Prices rise on undersupply, carbon

British wholesale gas prices got a small boost on Tuesday due to a supply deficit in the system and a slight rise in car

Published 05 Mar, 2019 10:03am

Energy

LNG tankers heading to Britain, Belgium, and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 05 Mar, 2019 07:54am

Energy

Oil prices rise on trade deal hopes, OPEC supply cuts

LONDON: Oil prices rose on Monday, buoyed by OPEC output cuts and reports that the United States and China are inchi

Published 04 Mar, 2019 01:21pm

Energy

Italy's Nexi approves 600-700mn euro cash call as part of IPO

MILAN: Italian banking services provider Nexi has approved a capital increase of between 600 million and 700 million

Published 01 Mar, 2019 02:31pm

Energy

Russian energy minister discusses global pact on output cuts with oil firms

MOSCOW: Russian Energy Minister Alexander Novak has met Russian oil companies to discuss progress of a deal with OPE

Published 01 Mar, 2019 02:08pm

Energy

OPEC oil output drops further in February as Saudi over-delivers on cuts

LONDON: OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter Saudi Arabia an

Published 01 Mar, 2019 02:06pm

Energy

Oil dips as trade talks drag, China's economy shows weakness

LONDON: Oil prices fell on Thursday, as U.S.-China trade tensions persisted, the Chinese economy showed signs of slo

Published 28 Feb, 2019 12:11pm

Energy

Britain set to receive two LNG tankers on March 3 and 15

LONDON: Britain is set to receive two additional liquefied tankers next month, Refinitiv Eikon shipping data showed on T

Published 28 Feb, 2019 08:01am

Energy

Oil rises as OPEC defies Trump and sticks to supply cuts

LONDON: Oil rose for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after

Published 27 Feb, 2019 01:12pm

Energy

Russia's Lukoil expects oil prices to stay relatively high

MOSCOW: The head of Lukoil, Russia's No. 2 oil producer, said on Wednesday oil prices are likely to remain "relative

Published 27 Feb, 2019 12:03pm

Energy

Shell to shut Norco, Louisiana refinery gasoline unit next week -sources

HOUSTON: Royal Dutch Shell Plc plans to shut the gasoline-producing unit at its 218,200 barrel per day (bpd) Norco, Loui

Published 26 Feb, 2019 09:28pm

Energy

OPEC, allies to maintain oil output cuts despite Trump

LONDON: OPEC and its allies will stick with their agreement to cut oil supply, pushing for more adherence despite a

Published 26 Feb, 2019 05:00pm

Energy

Saudi Arabia to boost oil exports to China with strategy shift

LONDON: Saudi Arabia is set to boost crude exports to China in 2019 as demand there grows and after Saudi Aramco shi

Published 26 Feb, 2019 03:18pm

Energy

Oil edges up to $65 as OPEC seen rebuffing Trump pressure

LONDON: Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to

Published 26 Feb, 2019 11:39am

Energy

Aramco CEO says oil industry facing 'a crisis of perception'

LONDON: Saudi Aramco's chief executive said on Tuesday the oil industry is facing "a crisis of perception" and the views

Published 26 Feb, 2019 09:44am

Energy

Prices edge higher on strong power demand

LONDON: British wholesale gas prices edged higher on Tuesday morning on strong demand from power plants, but traders sai

Published 26 Feb, 2019 09:35am

Energy

Oil slides as Trump tells OPEC to 'relax'

LONDON: The price of oil sank Monday after US President Donald Trump urged the OPEC crude producers' cartel to help

Published 25 Feb, 2019 03:24pm

Energy

Oil tumbles after Trump tells OPEC to 'relax'

LONDON: Oil fell on Monday, reversing earlier gains after U.S. President Donald Trump told OPEC producers to "relax"

Published 25 Feb, 2019 02:46pm

Energy

Oil up toward 2019 highs on supply, trade talks optimism

LONDON: Oil prices edged up on Monday toward a 2019 high achieved last week as sanctions and political uncertainty t

Published 25 Feb, 2019 11:07am

Energy

Platts adds Rotterdam-priced crude oil cargoes to dated Brent

LONDON: Oil pricing agency S&P Global Platts plans to adjust the way it calculates the price of North Sea dated

Published 25 Feb, 2019 11:02am

Energy

Saudi Aramco finishes Safaniyah oilfield repairs, allowing full output to resume

LONDON: Saudi Aramco has finished repairs at part of its Safaniyah offshore oilfield, allowing full output to resume aft

Published 22 Feb, 2019 10:54pm

Energy

LNG supplier Venture Global gets approval for Louisiana project

Venture Global LNG Inc said on Friday it had received regulatory approval for its Calcasieu Pass LNG export facility and

Published 22 Feb, 2019 10:51pm

Energy

Oil hits new 2019 high on US-China trade talk hopes

LONDON: Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may

Published 22 Feb, 2019 01:53pm

Energy

Oil prices firm on trade hopes, but record US output drags

LONDON: Oil prices were firm on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijin

Published 22 Feb, 2019 12:08pm

Energy

Prices edge down on mild temperatures

LONDON: British wholesale gas prices edged down on Friday morning as mild temperatures continued to reduce demand for he

Published 22 Feb, 2019 10:14am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Feb, 2019 08:14am

Energy

Med Crude-Urals diffs rise in NWE in a spot tender, Azeri BTC offered down

MOSCOW: Urals crude differentials in northwest Europe were seen stronger on Thursday in a spot tender, while traders hop

Published 21 Feb, 2019 09:48pm

Energy

West Africa Crude-Sonangol sells all April cargoes in firm market

LONDON: Angolan crude for April loading was rapidly finding buyers in a strong market, traders said on Thursday. Ango

Published 21 Feb, 2019 09:43pm

Energy

Oil traders bet on Saudi Arabia and White House lifting prices

LONDON: Oil traders are becoming very bullish on the outlook for prices, betting that Saudi Arabia will do whatever

Published 21 Feb, 2019 02:14pm

Energy

Oil hovers near 2019 highs amid OPEC cuts

LONDON: Oil prices hovered around 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Ve

Published 21 Feb, 2019 01:54pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 21 Feb, 2019 08:45am

Energy

Norway oil firms lower 2019 investment forecast

OSLO: Oil and gas companies operating in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns

Published 21 Feb, 2019 08:13am

Energy

Saudi Aramco to shut Yanbu oil refinery for March maintenance

LONDON: Saudi Aramco plans to shut the Yanbu oil refinery in Saudi Arabia for planned maintenance for one month from ear

Published 20 Feb, 2019 08:53pm

Energy

Oil falls after record US shale output forecast

LONDON: Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting

Published 20 Feb, 2019 03:55pm

Energy

Oil dips after forecast for record US shale output

LONDON: Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output,

Published 20 Feb, 2019 11:39am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 20 Feb, 2019 10:14am

Energy

Angola LNG offers cargo for March delivery

LONDON: Angola's liquefied natural gas (LNG) export plant has offered a cargo for delivery in March, two industry source

Published 20 Feb, 2019 07:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Feb, 2019 04:47pm

Energy

Russian oil giant could take over ruined tsarist palace under new law

MOSCOW: Russia's largest oil company could take over and renovate a ruined palace once used by the tsars, under draft le

Published 19 Feb, 2019 04:27pm

Energy

Gail India offers new swap of US LNG volumes

LONDON: Gail India on Tuesday offered a cargo of liquefied natural gas (LNG) loading from the United States on June 27-2

Published 19 Feb, 2019 04:12pm

Energy

Oil hovers below 2019 highs on OPEC cuts, trade talks in focus

LONDON: Oil stayed within sight of its 2019, high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts a

Published 19 Feb, 2019 02:09pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 19 Feb, 2019 08:25am

Energy

Kuwait Petroleum Corp seeks LNG cargo for late March delivery

LONDON: Kuwait Petroleum Corp (KPC) is seeking a liquefied natural gas (LNG) cargo for late March delivery, two industry

Published 19 Feb, 2019 06:58am

Energy

Oil gains as investors grow optimistic over OPEC output deal

LONDON: Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years, thanks to a gro

Published 18 Feb, 2019 07:33pm

Energy

Oil rises as investors grow optimistic over OPEC output deal

LONDON: Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years, thanks to a growing

Published 18 Feb, 2019 04:29pm

Energy

Saudi seaborne crude exports fall to 6.2mn bpd in 1H Feb

LONDON: Saudi seaborne crude exports fell in the first half of February with departures standing at 6.204 million barrel

Published 18 Feb, 2019 04:25pm

Energy

Angolan exports of crude oil to drop in April

LONDON: Angolan exports of crude oil will decline to 43 cargoes in April from 46 in March, according to a loading progra

Published 18 Feb, 2019 03:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 18 Feb, 2019 02:36pm

Energy

Brent dips, but still set for biggest Q1 rise since 2011

LONDON: Brent crude oil eased on Monday, but remained on track for its strongest first quarter in eight years, thanks to

Published 18 Feb, 2019 02:21pm

Energy

Hedge funds accelerate oil buying: Kemp

LONDON: Investors bought crude oil futures and options at the fastest rate for almost six months in the week to Feb. 12.

Published 18 Feb, 2019 02:19pm

Energy

Brent steadies, set for biggest first-quarter rise since 2011

LONDON: Brent crude oil steadied on Monday, on track for its strongest first quarter in eight years, thanks to a growing

Published 18 Feb, 2019 01:26pm

Energy

Total moves into offshore wind with joint bid for Dunkirk project

PARIS: French energy major Total is partnering with Denmark's Orsted and renewable energy producer Elicio to submit a jo

Published 18 Feb, 2019 01:10pm

Energy

Greece aims to wrap up Hellenic Petroleum stake sale by June

ATHENS: Greece aims to conclude the sale of a majority stake in its biggest oil refiner Hellenic Petroleum in the first

Published 18 Feb, 2019 10:28am

Energy

Energy group Total buys French plastics recycling firm Synova

PARIS: French energy major Total said it had acquired unlisted plastics recycling company Synova for an undisclosed amou

Published 18 Feb, 2019 10:15am

Energy

Shell buys German battery maker Sonnen

LONDON: Anglo-Dutch oil giant Royal Dutch Shell agreed Friday to buy German rechargeable battery maker Sonnen, as th

Published 15 Feb, 2019 09:10pm

Energy

Brent crude hits 2019 high above $65, buoyed by output cuts

LONDON: Brent crude oil climbed above $65 a barrel to its highest this year as OPEC-led supply cuts and this week's

Published 15 Feb, 2019 08:09pm

Energy

Germany imported 9.7pc more gas in 2018, value up 23.4pc

FRANKFURT: Germany imported 9.7 percent more gas in 2018 than the year before and raised its import bill by 23.4 per

Published 15 Feb, 2019 07:54pm

Energy

Gas to keep central role in Dutch energy demand

AMSTERDAM: The Netherlands will remain a heavy user of natural gas for years to come, despite big production cuts at its

Published 15 Feb, 2019 01:54pm

Energy

Brent oil hits $65 as production cuts fuel 2019 high

LONDON: Brent crude oil briefly reached 2019, highs above $65 a barrel on Friday as OPEC-led supply cuts and this week's

Published 15 Feb, 2019 01:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Feb, 2019 09:27am

Energy

Global energy demand to soar one third by 2040: BP

LONDON: Global energy demand will surge by a third over the next two decades on advancing prosperity, but Indian dem

Published 14 Feb, 2019 10:31pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 14 Feb, 2019 02:26pm

Energy

Oil rises for third day as US/China trade, OPEC cheer investors

LONDON: Oil rose for a third day on Thursday to reach its highest so far this year as financial markets drew support fro

Published 14 Feb, 2019 02:09pm

Energy

German govt calls for stronger nature protection in energy transition

BERLIN: The German Federal Agency for Nature Conservation (BfN) called for a stronger consideration of nature protec

Published 13 Feb, 2019 07:54pm

Energy

Russia speeds up oil output cuts on Feb 1-12

MOSCOW: Russian average oil production at was 11.34 million barrels per day (bpd) on Feb. 1-12, down by 70,000 bpd from

Published 13 Feb, 2019 03:08pm

Energy

Oil rises after Saudi output pledge, declining US inventories

LONDON: Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver

Published 13 Feb, 2019 03:02pm

Energy

Spain plans to close all nuclear plants by 2035

MADRID: Spain aims to close all seven of its nuclear plants between 2025, and 2035, as part of plans to generate all the

Published 13 Feb, 2019 01:54pm

Energy

Oil gets a boost from Saudi output pledge, declining US inventories

LONDON: Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver

Published 13 Feb, 2019 12:01pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 13 Feb, 2019 11:58am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 13 Feb, 2019 10:41am

Energy

OPEC squeezes oil output to 4-year low, Russia compliance low

PARIS: OPEC production fell to a four-year low in January as the cartel applied a new pact to boost global oil prices, t

Published 13 Feb, 2019 10:25am

Energy

Prices decline on reduced demand, oversupply

LONDON: Prompt wholesale British gas prices edged lower on Wednesday morning due to reduced demand and oversupply.

Published 13 Feb, 2019 09:41am

Energy

Global oil supply to swamp demand in 2019 despite output cuts

LONDON: The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with t

Published 13 Feb, 2019 09:25am

Energy

OPEC cuts 2019 oil demand forecast on global slowdown

LONDON: OPEC cut its forecast for 2019 world oil demand on Tuesday due to slowing economies and expectations of faster s

Published 12 Feb, 2019 03:00pm

Energy

Ukraine says Russian gas transit jumps 26pc in January

KIEV: Russian natural gas volumes piped via Ukraine to European consumers rose 26 percent year-on-year in January to 7.6

Published 12 Feb, 2019 02:55pm

Energy

Oil up more than 2 percent on Saudi and OPEC cuts

LONDON: Oil prices gained more than 2 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said

Published 12 Feb, 2019 02:07pm

Energy

Strikes halt output at two Saipol biodiesel plants in France

PARIS: Output at two biodiesel plants of French oilseed processor Saipol, including its largest one in Grand-Couronne ne

Published 12 Feb, 2019 02:03pm

Energy

Qatari stake in Rosneft paves way for global energy deals

MOSCOW: The Qatari sovereign wealth fund's acquisition of a stake in Russia's Rosneft sets the stage for collaboration b

Published 12 Feb, 2019 12:46pm

Energy

Oil up 1pc on Saudi and OPEC cuts but outlook picture clouded

LONDON: Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and US sanctions against Ira

Published 12 Feb, 2019 12:44pm

Energy

Germany set to have at least 2 LNG terminals: minister

BERLIN: German Economy Minister Peter Altmaier said on Tuesday he was optimistic that Germany would build two terminals

Published 12 Feb, 2019 12:07pm

Energy

Saudi crude output to fall to 9.8 million bpd in March

LONDON: Saudi Arabia plans to produce around 9.8 million barrels per day of oil in March, Energy Minister Khalid al-Fali

Published 12 Feb, 2019 11:49am

Energy

Germany set to have at least 2 LNG terminals -minister

BERLIN: German Economy Minister Peter Altmaier said on Tuesday he was optimistic that Germany would build two terminals

Published 12 Feb, 2019 11:29am

Energy

Oil prices steady, OPEC cuts countered by slow progress in trade talks

LONDON: Oil prices were steady on Monday as support from OPEC-led supply restraint was countered by an uptick in US dril

Published 11 Feb, 2019 12:27pm

Energy

Croatia publishes tender for gas and oil exploration

ZAGREB: Croatia published a tender for gas and oil exploration in mountainous areas of the country's central and souther

Published 11 Feb, 2019 12:05pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 11 Feb, 2019 11:40am

Energy

LNG vessels Arctic Princess and Pskov due to arrive in Britain on Feb. 15

OSLO: Liquefied natural gas (LNG) tankers Arctic Princess and Pskov are due to arrive at in Britain on Feb. 15, shipping

Published 11 Feb, 2019 10:28am

Energy

Prices down on mild weather and strong gas supplies

British wholesale gas prices fell on Monday on mild weather and strong supplies from Norway, and as a large number of li

Published 11 Feb, 2019 09:38am

Energy

Russia's Sechin raises pressure on Putin to end OPEC deal

MOSCOW: Igor Sechin, head of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, has written to the Ru

Published 08 Feb, 2019 05:09pm

Energy

Russia oil exports from Pacific Kozmino fall in 2018, China top buyer

MOSCOW: Russian crude oil exported from the Pacific port of Kozmino fell in 2018, with China remaining the top buyer, da

Published 08 Feb, 2019 02:36pm

Energy

Oil heads for weekly loss as slowdown worries outweigh supply cuts

LONDON: Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global econ

Published 08 Feb, 2019 01:45pm

Energy

UK GAS-Prices fall as storm Erik boosts wind power output

LONDON: British wholesale gas prices fell on Friday morning as high wind speeds from storm Erik increased output from th

Published 08 Feb, 2019 01:25pm

Energy

Brent oil edges up, heads for weekly loss on slowdown worries

LONDON: Benchmark Brent oil inched up on Friday but was heading for a weekly loss, pulled down by worries about a global

Published 08 Feb, 2019 11:42am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 08 Feb, 2019 09:19am

Energy

Russia oil exports from Pacific Kozmino fall in 2018, China top buyer

MOSCOW: Russian crude oil exported from the Pacific port of Kozmino fell in 2018, with China remaining the top buyer, da

Published 08 Feb, 2019 09:17am

Energy

Shell buys into 190 mn boe Cluff gas projects in UK North Sea

LONDON:* Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to cont

Published 08 Feb, 2019 08:51am

Energy

Oil slips as investors weigh up supply factors

LONDON: Oil fell on Thursday after data showing a rise in U.S. inventories weighed on sentiment already rattled by t

Published 07 Feb, 2019 09:03pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Feb, 2019 04:32pm

Energy

Hungary calls on US to spur Exxon gas project in Black Sea

BUDAPEST: The United States could help Hungary diversify away from Russian energy by encouraging ExxonMobil to proceed w

Published 07 Feb, 2019 02:31pm

Energy

France's Total undecided on bid for Dutch energy firm Eneco

PARIS: French oil and gas major Total has not made a decision on whether to bid for Dutch energy company Eneco, the firm

Published 07 Feb, 2019 01:40pm

Energy

Oil steadies as investors weigh up odds of global supply squeeze

LONDON: Oil steadied on Thursday as growing expectations that global supply could fall significantly short of demand thi

Published 07 Feb, 2019 12:40pm

Energy

Prices rise as temperatures turn colder than expected

LONDON: British wholesale gas prices edged higher on Thursday as colder weather than originally forecast led to a slight

Published 07 Feb, 2019 09:59am

Energy

Pumping and prices make for Total success

PARIS: French oil giant Total said Thursday its net profit climbed 33 percent in 2018 thanks to a rise in oil prices and

Published 07 Feb, 2019 08:50am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 Feb, 2019 09:36am

Energy

Equinor raises dividend, capital expenditure as Q4 profit lags

OSLO: Norwegian oil and gas firm Equinor raised its quarterly dividend and plans to boost capital spending in 2019 as i

Published 06 Feb, 2019 07:29am

Energy

Surgutneftegaz to sell up to 720,000 T of gasoline from Ust-Luga port-traders

MOSCOW: Russian oil producer Surgutneftegaz plans to sell up to 720,000 tonnes of gasoline AI-92, produced at the Kirish

Published 05 Feb, 2019 05:14pm

Energy

Rosneft upbeat on Venezuela, sees oil output rising in 2019

MOSCOW: Russia's largest oil producer Rosneft said on Tuesday the political upheaval in Venezuela was only temporary, wh

Published 05 Feb, 2019 04:09pm

Energy

Oil falls, torn between poor US factory data and tighter supply

LONDON: Oil prices fell on Tuesday, a day after data showing a decline in US factory orders dragged both benchmarks down

Published 05 Feb, 2019 03:07pm

Energy

BP annual profit soars to $9.4bn on surging oil prices

LONDON: BP almost trebled its annual net profit to $9.4 billion (8.2 billion euros) last year as oil prices soared in 20

Published 05 Feb, 2019 10:38am

Energy

Oil slides after hitting 2 month high on tighter supply outlook

LONDON: Oil hit a two-month high near $64 a barrel as OPEC-led supply cuts and US sanctions against Venezuela's oil expo

Published 04 Feb, 2019 04:52pm

Energy

Qatar, Exxon to proceed with $10bn Texas LNG project

LONDON/NEW YORK: Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10

Published 01 Feb, 2019 07:15pm

Energy

Russia's Gazprom hits highest January gas output since 2015

MOSCOW: Russia's Gazprom said on Friday its gas exports outside countries of the former Soviet Union rose by 1.6 percent

Published 01 Feb, 2019 03:22pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 Feb, 2019 03:20pm

Energy

Qatar, Exxon to proceed with $10bn Texas LNG project

LONDON/NEW YORK: Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 bil

Published 01 Feb, 2019 03:03pm

Energy

Major DR Congo oil deal could be 'void': watchdog

PARIS: A major deal allowing a company to drill for crude reserves in areas of the Democratic Republic of Congo borderin

Published 01 Feb, 2019 01:07pm

Energy

Russia's Rosneft says proven hydrocarbon reserves up 4pc

Russian energy giant Rosneft says: Proven hydrocarbon reserves up 4 percent in 2018, Reserves replacement ratio in tonne

Published 01 Feb, 2019 12:39pm

Energy

Russia's domestic gas supplies from Exxon-led project suspended - ministry

MOSCOW: Domestic gas supplies from Sakhalin-1 project, led by ExxonMobil have been suspended due to the stoppage of a co

Published 01 Feb, 2019 12:35pm

Energy

Oil prices fall on doubt over US-China trade talks

LONDON: Oil prices fell on Friday as the resolution of trade talks between the United States and China remained in doubt

Published 01 Feb, 2019 12:32pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 01 Feb, 2019 09:42am

Energy

OPEC oil output drops on Saudi cut, outages and sanctions

LONDON: OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as Saudi A

Published 31 Jan, 2019 10:28pm

Energy

Oil prices extend rise this month on signs of tighter supply

LONDON: Oil prices rose for a third straight day on Thursday on tighter supply after U.S. sanctions on Venezuelan ex

Published 31 Jan, 2019 10:25pm

Energy

Asian LNG price offer drops below UK gas price, prompts diversions to Europe

LONDON: A cargo of liquefied natural gas (LNG) for delivery to Asia was offered on Wednesday below the UK front-month ga

Published 31 Jan, 2019 02:34pm

Energy

Shell vows spending discipline even as 2018 profits soar

LONDON: Royal Dutch Shell vowed to stick to spending discipline this year even as 2018 profits jumped by more than a thi

Published 31 Jan, 2019 01:14pm

Energy

Britain's South Hook terminal to receive Al Shamal LNG tanker Feb 9

LONDON: Britain's South Hook terminal is set to receive the Al Shamal liquefied natural gas tanker on Feb. 9, Refinitiv

Published 31 Jan, 2019 01:11pm

Energy

Asian LNG price offer drops below UK gas price, prompts diversions to Europe

LONDON: A cargo of liquefied natural gas (LNG) for delivery to Asia was offered on Wednesday below the UK front-month ga

Published 31 Jan, 2019 08:45am

Energy

Oil prices rise more than 1 percent on Venezuela sanctions

LONDON: Oil prices rose more than 1 percent on Wednesday, boosted by concerns about supply disruptions following US sanc

Published 30 Jan, 2019 03:25pm

Energy

Sweden's Lundin Petroleum beats Q4 forecasts, raises dividend

OSLO: Swedish oil firm Lundin Petroleum , a partner in Norway's giant Johan Sverdrup oilfield, beat fourth-quarter core

Published 30 Jan, 2019 12:03pm

Energy

Oil gains as US imposes sanctions on Venezuela, global supplies weigh

LONDON: Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a move

Published 29 Jan, 2019 05:07pm

Energy

Oil prices rise as US imposes sanctions on Venezuela

LONDON: Oil prices rose on Tuesday after Washington imposed sanctions on state-owned Venezuelan oil company PDVSA in a m

Published 29 Jan, 2019 04:25pm

Energy

Urals Feb Baltic crude exports to rise 5 pct -revised provisional schedule

MOSCOW: Urals crude oil loadings from Russia's Primorsk and Ust-Luga ports in February have been set at 5.3 million tonn

Published 29 Jan, 2019 09:14am

Energy

Oil major Total announces new discovery at North Sea Glengorm prospect

PARIS: French oil and gas major Total said it had made a significant, new discovery off the coast of Britain at its Nor

Published 29 Jan, 2019 07:31am

Energy

Oil drops as US supply builds and China ignites demand worries

LONDON: Oil headed for its biggest one day drop in a month on Monday on evidence of yet more growth in U.S. crude su

Published 28 Jan, 2019 08:50pm

Energy

LNG tanker SCF Melampus to arrive at Rotterdam on Feb. 1

LONDON: Liquefied natural gas (LNG) tanker SCF Melampus is due to arrive at Rotterdam, the Netherlands, on Feb. 1, Eikon

Published 28 Jan, 2019 01:26pm

Energy

OMV expects price negotiations with Gazprom to drag on until summer

VIENNA: Oil and gas group OMV expects to agree a price for the Siberian gas assets it plans to buy from Gazprom by summe

Published 28 Jan, 2019 12:27pm

Energy

Germany's RWE warns of 'significant' job losses over coal exit

BERLIN: German energy giant RWE's CEO Rolf Martin on Monday warned of "significant" job losses as the country phases out

Published 28 Jan, 2019 11:50am

Energy

UK GAS-Prices edge lower on strong imports, high wind power output

LONDON: British wholesale gas prices edged lower on Monday morning as strong imports from Norway led to healthy supply a

Published 28 Jan, 2019 11:22am

Energy

LNG-Asian prices down again, China resells cargo

LONDON: Asian spot prices for liquefied natural gas (LNG) fell for the fifth week in a row with no signs of demand p

Published 25 Jan, 2019 08:52pm

Energy

France makes biogas support conditional on cutting costs

PARIS: France is ready to provide 7 to 9 billion euros ($8-10 billion) of subsidies for renewable gas but only if th

Published 25 Jan, 2019 08:20pm

Energy

Oil up on Venezuela turmoil despite surging US supply

LONDON: Oil prices rose on Friday as political turmoil in Venezuela threatened to reduce supply but fresh data on surgin

Published 25 Jan, 2019 04:34pm

Energy

Russia's Novatek says sees LNG from US as its chief threat- Ifx

MOSCOW: Leonid Mikhelson, the head of Russia's Novatek said on Friday that liquefied natural gas (LNG) from the United S

Published 25 Jan, 2019 04:24pm

Energy

Moscow approves $29bn power upgrade to encourage domestic suppliers

MOSCOW: Russia has approved the start of a 1.9 trillion rouble ($29 billion) modernisation plan for domestic power p

Published 25 Jan, 2019 12:03am

Energy

Oil falls in about-face as Venezuela-driven bounce fades

LONDON: Oil fell on Thursday as concern over the global economy reasserted itself, reversing earlier price gains mad

Published 24 Jan, 2019 09:04pm

Energy

Oil steady as economy concerns offset support from Venezuela turmoil

LONDON: Oil prices were steady on Thursday as renewed concerns about the global economic outlook offset support from

Published 24 Jan, 2019 08:00pm

Energy

Mexico's CFE seeks to buy two February LNG cargoes - sources

LONDON: Mexico's state power utility CFE opened a tender on Thursday for two cargoes of liquefied natural gas (LNG) to b

Published 24 Jan, 2019 04:15pm

Energy

French LNG imports soar as Australia and United States boost capacity

PARIS: French liquefied natural gas (LNG) imports soared last year as Australia, the US and Russia brought more LNG to w

Published 24 Jan, 2019 03:12pm

Energy

Oil steady as economy concerns offset support from Venezuela turmoil

LONDON: Oil prices were steady on Thursday as renewed concerns about the global economic outlook offset support from a U

Published 24 Jan, 2019 03:07pm

Energy

Russia's Novatek to increase gas output by 10pc in 2019 -Interfax

MOSCOW: Novatek, Russia's largest non-state gas producer, will increase gas output in 2019, by 10 percent and liquid hyd

Published 24 Jan, 2019 02:37pm

Energy

Oil tanker group Euronav signals strong start to 2019

Belgian crude oil shipper Euronav NV said on Thursday it saw the return of a strong freight rate market during the fourt

Published 24 Jan, 2019 01:20pm

Energy

UK GAS-Prices down on milder weather forecasts

LONDON: British wholesale gas prices fell on Thursday, despite freezing weather across the country, as the temperatures

Published 24 Jan, 2019 11:44am

Energy

Rosneft offers 100,000 tonnes of March ESPO Blend crude oil

MOSCOW: Rosneft offered a 100,000-tonne cargo of ESPO Blend crude oil loading from Kozmino port on March 11-16 in a spot

Published 24 Jan, 2019 11:34am

Energy

UK gas line faces interruptions in Q2

LONDON: Shippers along the Netherlands to UK gas pipeline will experience interruptions in the second quarter of this ye

Published 24 Jan, 2019 11:14am

Energy

Oil up on supply outlook but slowdown worries weigh

LONDON: Oil prices rose on Wednesday as U.S. crude stocks fell and official data indicated slowing growth in U.S. sh

Published 23 Jan, 2019 11:26pm

Energy

Oil prices up 1 pct on supply outlook

LONDON: Oil prices rose about 1 percent on Wednesday as US crude stocks fell and official data indicated slowing growth

Published 23 Jan, 2019 04:49pm

Energy

OPEC cuts, outages give physical crude a New Year lift

LONDON: Crude oil markets in Europe and West Africa have made a strong start to 2019, as Libyan supply losses and strong

Published 23 Jan, 2019 03:47pm

Energy

Gazprom Neft considering LNG production in Russia's Arctic

MOSCOW: Gazprom Neft, the oil arm of Russian gas giant Gazprom, is studying the possibility of its own liquefied natural

Published 23 Jan, 2019 02:52pm

Energy

Oil up nearly 1pc as stimulus hopes ease growth concerns

LONDON: Oil prices rose almost 1 percent on Wednesday on hopes that Japan and China would take fiscal stimulus measures

Published 23 Jan, 2019 02:14pm

Energy

Germany to shield consumers from rising electricity prices

BERLIN: Germany is planning to protect consumers and manufacturers from the impact of abandoning cheap coal-fired power,

Published 23 Jan, 2019 08:16am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 23 Jan, 2019 07:59am

Energy

Polish oil company PKN Orlen offers liquidity to newspaper group Ruch

WARSAW: State-run oil firm PKN Orlen has offered liquidity to newspaper distributor Ruch ahead of a possible plan to

Published 22 Jan, 2019 07:51pm

Energy

OMV defends Nord Stream 2, Gasunie supports German LNG terminal

BERLIN: OMV, the Austrian stakeholder in the planned Nord Stream 2 (NS 2) gas pipeline to Germany, on Tuesday reject

Published 22 Jan, 2019 07:07pm

Energy

Oil price fall will trigger more energy sector M&A in Europe

BERLIN: The fall in oil prices will increase pressure for consolidation in the oil and gas industries where scale wi

Published 22 Jan, 2019 07:03pm

Energy

LNG tanker Myrina to arrive at Britain on Jan. 23

LONDON: Liquefied natural gas (LNG) tanker Myrina is due to arrive at Britain's Dragon LNG terminal, the port authority

Published 22 Jan, 2019 02:55pm

Energy

Oil drops nearly 2pc as China slowdown bites

LONDON: Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking co

Published 22 Jan, 2019 01:48pm

Energy

Norway's December oil output misses forecast

OSLO: Norway's oil production fell by 2.1 percent year-on-year in December and lagged the Petroleum Directorate's foreca

Published 22 Jan, 2019 10:16am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Jan, 2019 09:54am

Energy

Prompt prices rise with temperatures, wind output set to dip

LONDON: Prompt British wholesale gas prices rose on Tuesday morning, with temperatures expected to dip and lower forecas

Published 22 Jan, 2019 09:34am

Energy

Russia says gas talks with Ukraine, EU to continue in May

BRUSSELS: Russian Energy Minister Alexander Novak said the high level talks about gas transit from Russia to the Eur

Published 21 Jan, 2019 08:43pm

Energy

Russia committed to oil output cuts

BRUSSELS: Russia is committed to its pledges on oil output cuts, Energy Minister Alexander Novak said on Monday, aft

Published 21 Jan, 2019 08:40pm

Energy

Oil edges down as slowing China economy undermines markets

LONDON: Oil prices edged lower on Monday, echoing a weaker tone on global stock markets after evidence that economic gro

Published 21 Jan, 2019 01:20pm

Energy

Lithuania LNG port aims to be Baltic hub, double flows By Andrius Sytas

VILNIUS: Lithuania's Klaipeda liquefied natural gas (LNG) import terminal will more than double its LNG volumes once gas

Published 21 Jan, 2019 01:17pm

Energy

Oil refining capacity to grow at record pace this year

LONDON: Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting s

Published 18 Jan, 2019 12:25pm

Energy

To boost confidence in oil cut, OPEC issues quota list

LONDON: OPEC on Friday published a list of oil production cuts by its members and other major producers for the six

Published 18 Jan, 2019 12:21pm

Energy

Prices mixed: prompt up on cold, oversupply weighs on month-ahead

LONDON: British wholesale gas prices were mixed on Friday morning in slow trade, with the day-ahead up on increased cons

Published 18 Jan, 2019 10:05am

Energy

OPEC publishes output cut quota for six months to June

LONDON: OPEC on Friday published a list of new levels of reduction in oil output by its members and other major producer

Published 18 Jan, 2019 09:59am

Energy

Two new LNG tankers due to arrive in north-west Europe

LONDON * Two new liquefied natural gas tankers are due to arrive in north-west Europe over the next week, data from Refi

Published 18 Jan, 2019 08:48am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 18 Jan, 2019 08:45am

Energy

Before start of new oil pact, OPEC made progress averting glut

LONDON: OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, su

Published 17 Jan, 2019 09:23pm

Energy

Russia unable to cut oil production sharply

MOSCOW: Russia is unable to reduce oil output sharply but will try to do so more quickly, Energy Minister Alexander

Published 17 Jan, 2019 02:59pm

Energy

Before start of new oil pact, OPEC makes progress in averting glut

LONDON: OPEC on Thursday said it cut oil output sharply in December before a new supply-limiting accord took effect,

Published 17 Jan, 2019 12:20pm

Energy

Oil firm Aker BP to hike dividend and spending in 2019

OSLO: Norway's Aker BP will increase its dividend payments between now and 2023 and step up its investment spending in d

Published 17 Jan, 2019 09:18am

Energy

Oil edges down on worries over global economy, supply glut

LONDON: Oil prices edged down on Wednesday having climbed about 3 percent in the previous session, with worries abou

Published 16 Jan, 2019 03:49pm

Energy

Oil steady as worries over global economy, supply glut weigh

LONDON: Oil prices steadied on Wednesday after climbing about 3 percent in the previous session, with worries about

Published 16 Jan, 2019 03:22pm

Energy

Oil steady on supply optimism but economic worries loom

LONDON: Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that

Published 16 Jan, 2019 12:29pm

Energy

Tullow Oil's 2019 output to rise as Ghana production ramps up

LONDON: Tullow Oil's production is set to grow to between 94,000 and 102,000 barrel of oil equivalent per day (boed) thi

Published 16 Jan, 2019 08:52am

Energy

Chevron, Total and Reliance join oil blockchain platform Vakt

LONDON: Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-ba

Published 16 Jan, 2019 08:32am

Energy

Oil rises 2pc on supply cuts but global slowdown looms

LONDON: Oil prices rose around 2 percent on Tuesday amid production cuts by OPEC and Russia as well as signs of lowe

Published 15 Jan, 2019 04:43pm

Energy

Oil prices rise over 1pc, but global slowdown looms

LONDON: Oil prices rose more than 1 percent on Tuesday after tumbling the previous session, although a darkening eco

Published 15 Jan, 2019 03:43pm

Energy

Oil prices rise on supply cuts, but global slowdown looms

LONDON: Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic

Published 15 Jan, 2019 01:17pm

Energy

Prices firm as colder weather seen later in week

LONDON: British wholesale gas prices rose on Tuesday as colder weather was expected later this week, although the system

Published 15 Jan, 2019 10:55am

Energy

All Libyan oil and non-oil ports closed due to bad weather

LONDON: All Libyan oil and non-oil ports were closed on Tuesday due to bad weather, a shipper and a port worker said.

Published 15 Jan, 2019 10:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Jan, 2019 08:50am

Energy

Genel sees 2019 oil output rising as crude prices remain weak

LONDON: Iraqi Kurdistan-focused oil producer Genel Energy said it sees 2019 output rising on last year's level to around

Published 15 Jan, 2019 08:39am

Energy

Oil falls to $60 on concerns about China slowdown

LONDON: Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the w

Published 14 Jan, 2019 03:04pm

Energy

Oil falls back to $60 on concerns about China slowdown

LONDON: Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the w

Published 14 Jan, 2019 01:20pm

Energy

Premier Oil confirms interest in North Sea deals after report on cash call

Britain's Premier Oil Plc said on Monday it was looking to buy UK North Sea assets, after the Sunday Times reported that

Published 14 Jan, 2019 10:33am

Energy

Prices mostly lower on strong supply, high wind power output

LONDON: British wholesale gas prices were mostly lower on Monday morning as strong supply and forecasts for high wind po

Published 14 Jan, 2019 09:56am

Energy

Gas explosion in northwestern Turkey may be due to landslide

ISTANBUL: A gas explosion near a pipeline in northwest Turkey's Sakarya province was believed to have been caused by a l

Published 14 Jan, 2019 08:41am

Energy

LNG tanker SCF Melampus to arrive at Rotterdam on Jan. 14

LONDON: Liquefied natural gas (LNG) tanker SCF Melampus is due to arrive at Rotterdam, the Netherlands, Eikon Refinitiv

Published 14 Jan, 2019 08:09am

Energy

Oil down but set for weekly gain amid caution over global economy

LONDON: Oil prices fell nearly 2 percent on Friday but were on track for weekly gains after financial markets streng

Published 11 Jan, 2019 04:20pm

Energy

Copper advances on softer dollar, trade talk hopes

LONDON: Copper prices climbed on Friday as a dovish stance from the U.S. Federal Reserve pushed the dollar lower, wh

Published 11 Jan, 2019 02:09pm

Energy

Oil set for weekly gain on trade optimism, OPEC-led supply cuts

LONDON: Oil prices rose slightly on Friday, putting them on track for solid weekly gains after financial markets str

Published 11 Jan, 2019 02:02pm

Energy

Iran's crude exports stay subdued in Jan despite waivers

LONDON: Iran will see its crude exports severely curtailed for a third month in January as it is struggling to find

Published 11 Jan, 2019 01:58pm

Energy

Russian oil output down to 11.38 mn bpd on Jan 1-10

MOSCOW: Russia has reduced its oil production to 11.38 million barrels per day (bpd) on average on Jan. 1-10 from a reco

Published 11 Jan, 2019 10:09am

Energy

Norway cuts 2019 oil output forecast to reach 30-year low

STAVANGER: Norway's oil output in 2019 will be smaller than previously forecast and will reach its lowest level in t

Published 10 Jan, 2019 02:51pm

Energy

Oil drops on US-China trade talks, American supply surge

LONDON: Oil prices edged down on Thursday amid a lack of any clear resolution to U.S.-China trade talks and official

Published 10 Jan, 2019 02:48pm

Energy

Oil down 1pc on indecisive US-China trade talks, rising inventories

LONDON: Oil prices fell about 1 percent on Thursday as no clear signs of a resolution emerged from U.S.-Chinese trad

Published 10 Jan, 2019 02:21pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 10 Jan, 2019 10:33am

Energy

Premier Oil cuts more debt than forecast

LONDON: Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it

Published 10 Jan, 2019 10:27am

Energy

Oil rises 3pc on US-China trade talk optimism

LONDON: Oil prices climbed around 3 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hope

Published 09 Jan, 2019 04:43pm

Energy

Oil rises 2pc on US-China trade talk optimism

LONDON: Oil prices rose 2 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the

Published 09 Jan, 2019 12:10pm

Energy

Brent crude oil rises back to $60 per barrel

LONDON: Benchmark oil contract Brent North Sea crude climbed back to $60 per barrel on Wednesday, with OPEC cutting outp

Published 09 Jan, 2019 11:05am

Energy

Prices up on cold weather but ample supply limits rise

LONDON: British wholesale gas prices rose on Wednesday morning due to an increase in gas demand caused by cold temperatu

Published 09 Jan, 2019 10:05am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 09 Jan, 2019 09:07am

Energy

Europe Distillates-Diesel cracks retreat as demand wanes

LONDON: Northwest European diesel refining margins fell on Tuesday weighed by higher oil prices and slowing demand in th

Published 08 Jan, 2019 08:51pm

Energy

West Africa Crude-Nigerian crude diffs supported by tenders

LONDON, Nigerian crude differentials remained on the high side on Tuesday, some buyers said, but with two tenders coming

Published 08 Jan, 2019 08:40pm

Energy

Med Crude-Urals weakens in northwest Europe, Azeri programme emerges

LONDON: The differential for Russian medium sour Urals fell in Northwest Europe on Tuesday after a window offer.

In

Published 08 Jan, 2019 07:42pm

Energy

Norway's DNO raises Faroe Petroleum bid to $816 million

Norwegian oil company DNO ASA raised its bid for Britain's Faroe Petroleum to 641.7 million pounds ($816 million) on Tue

Published 08 Jan, 2019 07:40pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 08 Jan, 2019 07:35pm

Energy

LNG tanker Megara set to arrive at Isle of Grain on Jan 9

LONDON: Liquefied Natural Gas (LNG) tanker Megara is set to arrive at Britain's Isle of Grain terminal on Jan. 9, accord

Published 08 Jan, 2019 07:34pm

Energy

Azeri Light oil loadings to edge lower in February

LONDON: Loadings of Azerbaijan's main crude export grade, Azeri Light, was set at 698,200 barrels per day (bpd) in Febru

Published 08 Jan, 2019 07:14pm

Energy

Oil prices up on US-China trade talk hopes, OPEC cuts

LONDON: Oil prices rose on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials migh

Published 08 Jan, 2019 03:03pm

Energy

Oil prices edge up on trade talk hopes and OPEC cuts

LONDON: Oil prices rose slightly on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese offic

Published 08 Jan, 2019 11:13am

Energy

Prices up on arrival of delayed cold weather

British wholesale gas prices rose on Tuesday on the arrival of colder weather, which was initially expected from Monday

Published 08 Jan, 2019 10:56am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 07 Jan, 2019 09:33pm

Energy

Med Crude-Diffs steady, Urals largely sold out

LONDON: Differentials for Russian medium, sour Urals were unchanged on Monday in a quiet market, while traders also wait

Published 07 Jan, 2019 09:16pm

Energy

Oil rises for a fifth day as equities stabilise

LONDON: Oil prices climbed for a fifth session in a row on Monday, rallying from December's 18-month low thanks to O

Published 07 Jan, 2019 04:39pm

Energy

Oil gains 2pc, extending rally from December lows

LONDON: Oil prices rose by 2 percent on Monday, extending a rally from 18-month lows hit in December with support fr

Published 07 Jan, 2019 03:09pm

Energy

Oil prices gain 2pc, extending rally from December lows

LONDON: Oil prices rose by 2 percent on Monday, extending a rally from December's 18-month lows with support from OP

Updated 07 Jan, 2019 11:40am

Energy

LNG tanker BW Tulip to arrive in Rotterdam on Jan. 8

LONDON: Liquefied natural gas tanker BW Tulip is set to arrive in Rotterdam on Jan. 8, Refinitiv Eikon shipping data sho

Published 07 Jan, 2019 09:12am

Energy

Oil rises to $57 on China-US trade talks, OPEC cuts

LONDON: Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and

Published 04 Jan, 2019 02:43pm

Energy

Gold rises to highest since mid-2018 on global growth woes

Gold prices climbed to a 6-1/2 month peak, moving closer to the key $1,300 an ounce level on Thursday, as concerns about

Published 03 Jan, 2019 09:57pm

Energy

West Africa Crude-Sasol issues buy tender, spot activity muted

LONDON: Activity was focussed on a handful of small tenders on Thursday with sellers staying on the sidelines as demand

Published 03 Jan, 2019 09:42pm

Energy

North Sea Crude-Forties firms slightly, two cargoes trade

LONDON: North Sea Forties crude differentials rose on Thursday after Trafigura bought two cargoes. PLATTS WINDOW F

Published 03 Jan, 2019 05:58pm

Energy

Oil prices rebound, helped by weak dollar, Saudi supply cuts

LONDON: Oil prices rebounded on Thursday after an early slide, helped by dollar weakness and signs of output cuts by the

Published 03 Jan, 2019 05:47pm

Energy

Oil prices decline on swelling oversupply, volatile markets

LONDON: Oil prices fell slightly on Thursday amid volatile currency and stock markets, coupled with concerns that an

Published 03 Jan, 2019 01:06pm

Energy

Renewables overtake coal as Germany's main energy source

FRANKFURT: Renewables overtook coal as Germany's main source of energy for the first time last year, accounting for

Published 03 Jan, 2019 12:35pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 02 Jan, 2019 09:10pm

Energy

Oil falls towards $53 on economic worries, surging supply

LONDON: Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC pro

Published 02 Jan, 2019 04:11pm

Energy

Russian oil output reaches record high in 2018

MOSCOW: Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on

Published 02 Jan, 2019 01:10pm

Energy

Oil falls to $53 on economic worries, surging supply

LONDON: Oil fell to about $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC pr

Published 02 Jan, 2019 12:09pm

Energy

Prices jump on forecast for colder weather

British prompt natural gas prices jumped on Wednesday on forecasts for colder weather, recovering from steep falls durin

Published 02 Jan, 2019 11:00am

Energy

Russian oil output reaches record high 11.16 mln bpd in 2018

MOSCOW: Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) in 2018, exceedi

Published 02 Jan, 2019 09:37am

Energy

Brent crude rises but set for first yearly drop since 2015

LONDON: Oil prices rose more than 2 percent on the final day of the year, mirroring gains in stock markets, but were

Published 31 Dec, 2018 08:51pm

Energy

Brent crude rises over $1, but set for first yearly drop since 2015

LONDON: Oil prices rose more than 2 percent on the final day of the year, mirroring gains in stock markets, but were

Published 31 Dec, 2018 01:01pm

Energy

Russia's Gazprom lifts price of gas supply to Armenia in 2019

MOSCOW: Russian gas giant Gazprom will supply Armenia with gas for $165 per 1,000 cubic metres in 2019, the company

Published 31 Dec, 2018 12:07pm

Energy

West Africa Crude-Chinese demand subdued, sellers stay on sidelines

LONDON: Spot activity was subdued due to the Christmas holiday period, particularly from Chinese refiners, while fresh o

Published 28 Dec, 2018 09:13pm

Energy

Oil prices steady near 18-month lows ahead of New Year

LONDON: Oil prices steadied on Friday after a week of volatile trading, shedding early gains on profit-taking ahead of t

Published 28 Dec, 2018 08:32pm

Energy

Med crude-Urals diffs ease in Baltic on lower demand for end-month cargoes

MOSCOW: Urals differentials weakened in northwest Europe in Surgutneftegaz's tender due to lower demand for Urals cargoe

Published 28 Dec, 2018 08:20pm

Energy

Russia's Gazprom Neft says its plans are resistant to low oil prices

MOSCOW: Russian oil producer Gazprom Neft's strategic plans are sustainable even at low oil prices, the company's chief

Published 27 Dec, 2018 09:05pm

Energy

Russia says unpredictable US, protectionism behind oil price volatility

MOSCOW: Rising protectionism and trade wars and the unpredictability of the US administration have greatly contribut

Published 27 Dec, 2018 12:23pm

Energy

Prices fall on milder weather and reduced holiday season demand

British wholesale gas prices fell on Thursday due forecasts for higher temperatures than previously expected and as the

Published 27 Dec, 2018 09:42am

Energy

Oil slips back towards 18-month lows on oversupply

LONDON: Oil prices fell more than 1 percent on Thursday after rebounding 8 percent in the previous session, as worries o

Published 27 Dec, 2018 09:40am

Energy

Gold hits six-month high on US political worries

BENGALURU: Gold rose to its highest in six months on Wednesday as worries over U.S. political uncertainty, aggravate

Published 26 Dec, 2018 01:42pm

Energy

Oil rises to $51 after steep slide; growth fears weigh

LONDON: Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a pr

Published 26 Dec, 2018 11:31am

Energy

Oil nears 2018 lows as stock markets slide

LONDON: Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across glob

Published 24 Dec, 2018 04:12pm

Energy

Oil falls in line with stricken stock markets

LONDON: Oil fell on Monday, in line with another decline across global stock markets, which came under pressure from

Published 24 Dec, 2018 02:05pm

Energy

Brent crude inches up, but concern over demand limits gains

LONDON: Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in

Published 24 Dec, 2018 12:29pm

Energy

Brent crude edges up, but concern over demand limits gains

LONDON: Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the

Published 24 Dec, 2018 11:11am

Energy

Prompt up on cold weather, low wind output

British prompt gas prices rose on Monday due to a reduction in temperature forecasts and weaker than expected power outp

Published 24 Dec, 2018 11:10am

Energy

LNG tanker Clean Planet due to arrive at UK's Isle of Grain on Dec 29

OSLO: Liquefied natural gas (LNG) tanker Clean Planet is due to arrive at the British port of Isle of Grain on Dec. 29,

Published 24 Dec, 2018 09:19am

Energy

Total in talks to sell N. Sea oil, gas assets to private firms

LONDON: French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy C

Published 21 Dec, 2018 09:21pm

Energy

Russia's Gazprom plans to provide extra 100bn roubles for Gazprombank

MOSCOW: Russia's Gazprom plans to inject an extra 100 billion roubles ($1.46 billion) into Gazprombank, the country's th

Published 21 Dec, 2018 09:15pm

Energy

Russian OPEC coordinator Marshavin to leave energy ministry

MOSCOW: Roman Marshavin, one of the Russian Energy Ministry officials who orchestrated the 2016 landmark deal with OPEC,

Published 21 Dec, 2018 09:14pm

Energy

Oil hits multi-month lows as downbeat mood persists

LONDON: Oil prices fell to their lowest since the third quarter of 2017 on Friday, heading for losses of 11 percent in a

Published 21 Dec, 2018 09:07pm

Energy

GLOBAL LNG - Lower Asia temperatures and charter rates nudge LNG prices higher

LONDON: Global prices for liquefied natural gas (LNG) edged higher this week, helped by a slight drop in temperatures in

Published 21 Dec, 2018 08:57pm

Energy

ExxonMobil shelves Canada LNG export project

LONDON: US oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export terminal in Canada from t

Published 20 Dec, 2018 09:48pm

Energy

Oil slumps to lowest in a year as stock markets sink

LONDON: Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about o

Published 20 Dec, 2018 04:11pm

Energy

Oil slumps 3pc, near lowest in a year as stock markets sink

LONDON: Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year o

Published 20 Dec, 2018 11:41am

Energy

Gazprom says completes gas sales on electronic platform

MOSCOW: Russian gas giant Gazprom said on Wednesday it has successfully completed the first "day-ahead" gas sales deal o

Published 19 Dec, 2018 05:02pm

Energy

UK GAS-Prices rise as wind power output, temperatures slip

LONDON: Prompt British wholesale gas prices rose on Wednesday morning on lower forecasts for wind power production and c

Published 19 Dec, 2018 02:15pm

Energy

Cheaper petrol pushes UK inflation to lowest since March 2017

LONDON: Cheaper petrol and video games helped push Britain's inflation rate to its lowest since early 2017 last month, o

Published 19 Dec, 2018 02:12pm

Energy

Oil steady after sell-off but oversupply still drags

LONDON: Oil stabilised on Wednesday after one of its biggest falls for years, but remained under pressure from oversuppl

Published 19 Dec, 2018 12:35pm

Energy

Poland seeks contractor for LNG terminal expansion

WARSAW: The operator of Poland's only liquefied natural gas (LNG) terminal on Wednesday tendered for a contractor to ove

Published 19 Dec, 2018 12:32pm

Energy

BP launches $3bn sale of US onshore assets to fund BHP deal

LONDON/NEW YORK: Britain's BP has launched the sale of US oil and gas onshore assets that could raise more than $3 billi

Published 19 Dec, 2018 12:15pm

Energy

Oman LNG offers LNG cargo in tender for January loading

LONDON: Oman LNG has offered a spot liquefied natural gas (LNG) cargo for loading on Jan. 25-26 from its Qalhat plant, t

Published 19 Dec, 2018 12:12pm

Energy

Shell acquires stake in Asia-focused Cleantech Solar

LONDON: Royal Dutch Shell has agreed to acquire a 49 percent stake in Asia-focused firm Cleantech Solar, the energy gian

Published 19 Dec, 2018 12:12pm

Energy

Norway's Nov oil, gas output missed forecast after vessel crash

OSLO: Norway's November oil and gas output was lower than originally expected due to a collision between a navy frigate

Published 19 Dec, 2018 09:07am

Energy

Oil slumps to fresh one-year lows in markets rout

LONDON: World oil prices tumbled Tuesday to strike the lowest levels in more than a year, hit by a markets rout that was

Published 18 Dec, 2018 02:05pm

Energy

Russian crude exports and transit volumes set to fall as producers curb output

MOSCOW: Russia's crude oil exports and transit volumes from Kazakhstan and Azerbaijan are set to fall to 61.7 million to

Published 18 Dec, 2018 12:38pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 18 Dec, 2018 12:36pm

Energy

Oil drops 4pc on oversupply, equities sell-off

LONDON: Oil prices fell 4 percent on Tuesday after reports of swelling inventories and forecasts of record US and Russia

Published 18 Dec, 2018 12:17pm

Energy

Prices down on mild weather, strong wind

British wholesale gas prices fell on Tuesday as above-normal temperatures and strong power output from wind turbines cur

Published 18 Dec, 2018 11:02am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 17 Dec, 2018 02:56pm

Energy

Russia's oil export duty to fall to $89/T in January under new tax regime

MOSCOW: Russia's oil export duty is expected to fall by around 34 percent in January from December to $89 per tonne, as

Published 17 Dec, 2018 02:20pm

Energy

UK GAS-Prices down on increased Norway flows, higher temperatures

British prompt gas prices fell on Monday as an increase in flows from Norway created a supply surplus, and as temperatur

Published 17 Dec, 2018 02:19pm

Energy

Oil steady but oversupply, economic growth weigh

LONDON: Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from ove

Published 17 Dec, 2018 02:00pm

Energy

Italy judge says evidence shows Eni, Shell knew of Nigerian graft

MILAN: An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purch

Published 17 Dec, 2018 01:49pm

Energy

New oil, gas projects to accelerate next year

LONDON: The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is

Published 17 Dec, 2018 12:34pm

Energy

Oil falls on China economic data, output cuts support

LONDON: Oil prices fell on Friday after China reported slower economic growth, pointing to lower fuel demand in the worl

Published 14 Dec, 2018 11:48am

Energy

Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

LONDON: Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni

Published 13 Dec, 2018 12:30pm

Energy

Oil falls below $60 a barrel as inventories stay high

LONDON: The oil price fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-tha

Published 13 Dec, 2018 12:28pm

Energy

Lower oil prices help grease economic activity: IEA

PARIS: The threat of an all-out trade war has dampened the outlook for the global economy, but the recent drop in oil pr

Published 13 Dec, 2018 10:54am

Energy

Energy group Total sells 4 pc of Ichthys to Inpex for $1.6 bn

PARIS: French energy company Total said it has agreed to sell a 4 percent stake in its Australian Ichthys liquefied nat

Published 13 Dec, 2018 09:47am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 12 Dec, 2018 01:53pm

Energy

OPEC offsets Iran oil loss, sees lower 2019 demand

LONDON: OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast o

Published 12 Dec, 2018 01:37pm

Energy

UK GAS-Prices rise as temperatures dip, heating demand increases

LONDON: British wholesale gas prices edged higher on Wednesday as temperature forecasts were cut leading to rising deman

Published 12 Dec, 2018 12:17pm

Energy

Oil rises to $61 on Libyan supply cut, US inventories

LONDON: Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in US crude inventor

Published 12 Dec, 2018 12:07pm

Energy

Russia sees modest oil output cuts in January

SABETTA: Russia plans to cut its oil output by at least 50,000 to 60,000 barrels per day (bpd) in January, its energy mi

Published 11 Dec, 2018 01:56pm

Energy

Russia says plans to cut oil output by at least 50,000-60,000 bpd in Jan

MOSCOW: Russia plans to cut its oil output by at least 50,000 to 60,000 barrels per day (bpd) in January, its energy min

Published 11 Dec, 2018 09:10am

Energy

Oil surrenders some of its OPEC gains as stock markets soften

LONDON: Oil eased on Monday, echoing the weakness in global stock markets and erasing some of the gains made last week w

Published 10 Dec, 2018 03:53pm

Energy

Shanghai raises non-residential gas prices from Dec. 1

BEIJING: Shanghai raised gas prices for non-residential users such as power plants and chemical producers from Dec. 1 to

Published 10 Dec, 2018 01:06pm

Energy

Oil slips in line with bearish equities

LONDON: Oil fell on Monday, in line with further declines in global stock markets, erasing the gains made last week when

Published 10 Dec, 2018 12:56pm

Energy

Oil traders focus on deteriorating economic outlook rather than OPEC: Kemp

LONDON: The weakening outlook for oil consumption coupled with rising output from US shale and softer than expected US s

Published 10 Dec, 2018 12:32pm

Energy

LNG tanker Seri Camar to arrive in Britain on Dec. 11

LONDON: Liquefied natural gas (LNG) tanker Seri Cemar is set to arrive at Britain's Isle of Grain terminal on Dec. 11, a

Published 10 Dec, 2018 07:59am

Energy

OPEC and partners face steep challenge to reach oil cut deal

Vienna: OPEC will meet with 10 partner countries, including Russia, on Friday to try to thrash out an agreement on oil p

Published 07 Dec, 2018 06:58am

Energy

OPEC tentatively agrees oil cut, waits for Russia to commit

VIENNA: OPEC tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavywe

Published 06 Dec, 2018 08:39pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 06 Dec, 2018 04:50pm

Energy

West Africa Crude-Angolan cargoes linger, Qua offered lower

LONDON: Angola crude oil cargoes remained in ample supply on Thursday while offers of Nigerian crude were heard to be ed

Published 06 Dec, 2018 04:49pm

Energy

Oil falls after OPEC delays output decision

LONDON: Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, a

Published 06 Dec, 2018 04:01pm

Energy

Russia's Gazprom 2018 dividend may slightly exceed 10 rbls/share

MOSCOW: Russian gas producer Gazprom's 2018 dividend may slightly exceed 10 roubles per share, Interfax cited a source a

Published 06 Dec, 2018 02:15pm

Energy

Oil tumbles 5pc after OPEC hints at smaller output cut

LONDON: Oil lost nearly 5 percent on Thursday, after OPEC signalled it may agree to a smaller output cut than expected a

Published 06 Dec, 2018 01:29pm

Energy

Pakistan LNG says Trafigura, Gunvor lowest bidders in LNG tender

SINGAPORE/LONDON: Pakistan LNG said on Thursday commodity traders Trafigura and Gunvor had made the lowest bids in a ten

Published 06 Dec, 2018 12:53pm

Energy

Brent oil price sinks under $60 on Saudi comments

LONDON: Brent oil prices sank under $60 on Thursday after Saudi Arabia made remarks that were deemed overly cautious by

Published 06 Dec, 2018 11:47am

Energy

OPEC meets as Trump calls for oil taps to be kept on

Vienna: OPEC members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up

Published 06 Dec, 2018 06:48am

Energy

OPEC, Russia move closer to cutting oil output

VIENNA: OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure

Published 05 Dec, 2018 08:51pm

Energy

EU wheat drifts lower as traders await export spark

PARIS: Euronext wheat edged lower on Wednesday, curbed by a drop in U.S. futures and a backdrop of sluggish export d

Published 05 Dec, 2018 08:30pm

Energy

Surgutneftegaz sells 100,000 T of Baltic Urals in Dec to Eni

MOSCOW: Russia's Surgutneftegaz sold 100,000 tonnes of Urals crude in a spot tender for loading from Primorsk port on De

Published 05 Dec, 2018 04:14pm

Energy

Russia's Gazprom Neft sticking with plan to raise oil output in 2019

MOSCOW: Russian oil producer Gazprom Neft will keep its plan to raise oil output by 50,000 barrels per day in 2019 regar

Published 05 Dec, 2018 03:58pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 05 Dec, 2018 03:54pm

Energy

Oil rises before OPEC meeting, gains capped by oversupply concerns

LONDON: Oil rose on Wednesday ahead of a meeting of the world's biggest exporters who will discuss cutting output to hel

Published 05 Dec, 2018 03:51pm

Energy

OPEC history of oil output changes

The following are changes in oil output limits by the Organization of the Petroleum Exporting Countries, dating from eff

Published 05 Dec, 2018 03:03pm

Energy

US oil reserves rise to record despite production boom: Kemp

LONDON: US crude oil reserves hit record levels at the end of 2017, as annual reserve additions outstripped production f

Published 05 Dec, 2018 02:35pm

Energy

Oil rises as investors anticipate OPEC production cuts

LONDON: Oil prices rose on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a redu

Published 04 Dec, 2018 06:46pm

Energy

Chevron seeks to sell stakes in giant Azeri oil field, pipeline

LONDON: US oil and gas company Chevron has decided to launch the sale of its stake in Azerbaijan's largest oil field as

Published 04 Dec, 2018 02:40pm

Energy

Rising ship supply helps ease LNG charter rates

LONDON: Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available,

Published 04 Dec, 2018 01:59pm

Energy

UK GAS-Prices down on Norway flows boost, milder weather

British wholesale gas prices fell on Tuesday as a sharp increase in flows from Norway created a supply surplus, and as f

Published 04 Dec, 2018 01:16pm

Energy

OPEC works on deal to cut output, still needs Russia on board

VIENNA: OPEC and its allies are working towards a deal this week to reduce oil output by at least 1.3 million barrels pe

Published 04 Dec, 2018 11:49am

Energy

Oil shipments from Georgia's Batumi port drop 49 pct in year to Nov

TBILISI: Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 48.6 percent in the first eleven mon

Published 04 Dec, 2018 09:39am

Energy

LNG tanker Patris due to arrive at port of Rotterdam on Dec. 9

OSLO: The liquefied natural gas (LNG) tanker Patris is due to arrive at the Dutch port of Rotterdam on Dec. 9, Refinitiv

Published 04 Dec, 2018 09:04am

Energy

OPEC caught between Trump and falling oil prices

Vienna: OPEC members and other oil-producing countries convene in Vienna this week to discuss lowering their output, as

Published 04 Dec, 2018 06:38am

Energy

Turkey oil purchases from Iran fall to zero in November

WASHINGTON: Turkey's purchases of Iranian crude oil fell to zero in November, according to a source familiar with th

Published 03 Dec, 2018 08:01pm

Energy

Polish coal imports jump, Russia biggest supplier

WARSAW: Poland's thermal coal imports for the first nine months of the year almost doubled versus the same period in 201

Published 03 Dec, 2018 02:04pm

Energy

Oil surges 5 pct on trade truce, expected supply cuts

LONDON: Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in

Published 03 Dec, 2018 12:48pm

Energy

Total says fuel stations running dry due to ‘yellow vest’ protests

PARIS: Total on Monday said several dozen of its gasoline stations had run dry as a more than two-week long protest over

Published 03 Dec, 2018 12:18pm

Energy

Russian oil products export from Black Sea port of Tuapse seen up in Dec

MOSCOW: Russian oil product exports from the Black Sea port of Tuapse are set to rise by 3.6 percent on a daily basis to

Published 03 Dec, 2018 12:14pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 Dec, 2018 12:02pm

Energy

Shell sets carbon cutting targets after investor pressure

LONDON: Royal Dutch Shell caved in to growing investor pressure over climate change on Monday with plans to set short-te

Published 03 Dec, 2018 10:28am

Energy

Total restarting Normandy refinery after workers suspend strike

PARIS: Oil and gas major Total said on Friday it had begun the restart of its 253,000 barrel-per-day Gonfreville refiner

Published 30 Nov, 2018 02:41pm

Energy

Oil toils after worst month in a decade, Deutsche sinks DAX

LONDON: Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets wer

Published 30 Nov, 2018 01:31pm

Energy

Oil sinks under $50 on OPEC doubts as stock markets rise

LONDON: New York oil sank Thursday under $50 on doubts over an OPEC output cut, while most stocks rose as the Federal Re

Published 29 Nov, 2018 01:47pm

Energy

Hoegh LNG CEO sees outlook improving due to strong LNG demand in China

OSLO: Norway's Hoegh LNG, a provider of specialised vessels for importing liquefied natural gas, said it expected to ex

Published 29 Nov, 2018 10:07am

Energy

Prices up on lower Norway flows, colder weather

British wholesale gas prices rose on Thursday as a decrease in flows from Norway created a supply deficit, and as foreca

Published 29 Nov, 2018 10:00am

Energy

Russian gas pipeline and Ukraine crisis are separate issues

BERLIN: Germany's economy minister dismissed on Thursday suggestions that his country's commitment to a pipeline - that

Published 29 Nov, 2018 08:13am

Energy

Oil slips to about $60 on US inventories, OPEC comments

LONDON: Oil slipped to about $60 a barrel on Wednesday, pressured by rising US inventories and doubts over whether an OP

Published 28 Nov, 2018 01:17pm

Energy

Oil rises further above $60 as OPEC, North Sea outage support

LONDON: Oil rose further above $60 a barrel on Wednesday, supported by expectations that OPEC and its partners will next

Published 28 Nov, 2018 10:04am

Energy

LNG tanker hits berth at Russia's Sakhalin Energy, delays departure

MOSCOW: The Grand Elena tanker, carrying 145,000 cubic metres of liquefied natural gas (LNG), has hit a berth at Russia'

Published 28 Nov, 2018 09:12am

Energy

Oil falls on record Saudi output; eyes G20 and OPEC

LONDON: Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade o

Published 27 Nov, 2018 12:00pm

Energy

Nigeria LNG offers December cargo

LONDON/SINGAPORE: Nigeria Liquefied Natural Gas (NLNG) has offered a cargo for loading in December, three industry sourc

Published 27 Nov, 2018 11:58am

Energy

Oil group Total says strikes impacting Normandy, Grandpuits and Feyzin sites

PARIS: French oil and energy company Total said it had started a process to suspend production at a refinery in Normandy

Published 27 Nov, 2018 11:40am

Energy

Flex LNG sees a tight LNG shipping market in coming years

OSLO: LNG shipper Flex LNG, controlled by Norwegian-born billionaire John Fredriksen, expects a tight LNG shipping marke

Published 27 Nov, 2018 11:17am

Energy

Prompt down on strong wind, higher temperatures

British within-day gas price fell on Tuesday due to expected strong power output from wind turbines and increasing tempe

Published 27 Nov, 2018 09:30am

Energy

Oil creeps back above $60, but growth doubts curb gains

LONDON: Oil prices rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, alt

Published 26 Nov, 2018 02:18pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Nov, 2018 11:24am

Energy

France's Dunkirk LNG terminal to receive first cargo since July

LONDON: France's Dunkirk liquefied natural gas (LNG) terminal has reopened after almost four months of maintenance work

Published 26 Nov, 2018 10:34am

Energy

Oil prices sink on supply glut fears

LONDON: Oil prices extended a sharp plunge Friday to hit the lowest levels in more than one year on fears of a globa

Published 23 Nov, 2018 06:25pm

Energy

Oil prices hit year low as OPEC considers output cut

LONDON: Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline sin

Published 23 Nov, 2018 01:35pm

Energy

Greece opens new LNG tank to boost energy hub ambitions

ATHENS: Greece inaugurated on Thursday a new liquefied natural gas (LNG) tank to boost its storage capacity and bolster

Published 23 Nov, 2018 10:22am

Energy

Oil falls on rising US inventories, OPEC talk of cut limits loss

LONDON: Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to

Published 22 Nov, 2018 07:47pm

Energy

Russia's Gazprom approves 2019 external borrowing plan of 298bn rbls

MOSCOW: Russian gas producer Gazprom has approved an external borrowing plan of 297.761 billion roubles ($4.54 billion)

Published 22 Nov, 2018 02:41pm

Energy

Angola to export 43 crude oil cargoes in January vs 46 in December

LONDON: Angola will export 43 crude oil cargoes in January down from 46 cargoes in December, a source familiar with the

Published 22 Nov, 2018 11:54am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 22 Nov, 2018 10:44am

Energy

Oil major Total says deliveries from three French refineries blocked due to strike

PARIS: French oil and gas major Total said on Thursday that product deliveries from three of its refineries in France ha

Published 22 Nov, 2018 10:08am

Energy

Oil falls on rising US inventories, OPEC talk of cut limits loss

LONDON: Oil prices fell on Thursday after US crude inventories swelled to their highest level since December stoking con

Published 22 Nov, 2018 10:07am

Energy

Norway oil firms raise 2019 investment forecast

OSLO: Oil and gas companies operating in Norway have raised their investment forecasts for 2019 to 175.3 billion Norwegi

Published 22 Nov, 2018 07:49am

Energy

British Gas launches new tariff for electric vehicle charging

LONDON: Centrica's British Gas has launched a new tariff for electric vehicle (EV) owners charging their vehicles betwee

Published 20 Nov, 2018 08:32am

Energy

Med crude-Urals diffs inch up in NWE, stable in Mediterranean

MOSCOW: Urals crude differentials in northwest Europe inched up on Monday in a spot tender, while in the Mediterranean t

Published 19 Nov, 2018 07:51pm

Energy

Oil slips as pessimism over supply resurfaces despite OPEC pledge

LONDON: Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut

Published 19 Nov, 2018 04:14pm

Energy

Oil rises for a fourth day, buoyed by OPEC supply plans

LONDON: Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will

Published 19 Nov, 2018 10:59am

Energy

Oil heads for week of losses despite talk of supply cut

LONDON: Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices

Published 16 Nov, 2018 12:36pm

Energy

Oil firms on supply cut talk; still set for sixth weekly loss

LONDON: Oil rose on Friday on hopes that supply cuts will be agreed at OPEC's meeting on Dec. 6, but failed to recou

Published 16 Nov, 2018 11:52am

Energy

West Africa Crude-Traders wait for Jan programmes, Nigerian clears

LONDON: A surplus of December loading cargoes has largely cleared thanks to a number of tenders, traders said on Thursda

Published 15 Nov, 2018 09:53pm

Energy

Med crude-Urals diffs edge higher in Baltic on strong demand

MOSCOW: Urals differentials in northwest Europe rose to higher premiums against dated Brent on Thursday as demand for Ru

Published 15 Nov, 2018 09:02pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 15 Nov, 2018 08:53pm

Energy

Oil edges higher but market at risk of possible supply glut

LONDON: Oil rose on Thursday, stabilising after losing nearly 7 percent over the previous three days, though concern

Published 15 Nov, 2018 04:44pm

Energy

Oil steadies but remains threatened by potential supply glut

LONDON: Oil prices steadied on Thursday, having lost nearly 7 percent over the previous three days, but concern over

Published 15 Nov, 2018 11:17am

Energy

Med crude-Urals trades at premium to BFOE in Baltic for first time in five years

MOSCOW: Urals differentials firmed in northwest Europe to premium against dated Brent as demand for December cargoes was

Published 14 Nov, 2018 10:41pm

Energy

Global oil market faces surplus throughout 2019 as demand growth slows

LONDON: Global oil supply will outpace demand throughout 2019, as a relentless rise in output swamps growth in consu

Published 14 Nov, 2018 02:09pm

Energy

Oil rises as OPEC, partners discuss supply cut

LONDON: Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and a

Published 14 Nov, 2018 01:34pm

Energy

West Africa Crude-Angolan export programmes due, Nigerian market in surplus

LONDON: Spot trade in Angolan cargoes slowed ahead of the release of the January loading programme later this week, whil

Published 13 Nov, 2018 09:38pm

Energy

Venture Global's Plaquemines LNG export plant passes environmental test

Venture Global's Plaquemines liquefied natural gas (LNG) export terminal in Louisiana took a step toward receiving feder

Published 13 Nov, 2018 09:24pm

Energy

OPEC trims oil demand forecasts

PARIS: OPEC on Tuesday trimmed its global oil demand forecasts for this year and next, as kingpin Saudi Arabia tries

Published 13 Nov, 2018 01:48pm

Energy

Oil falls after Trump urges OPEC not to cut supply

LONDON: Oil prices fell more than 1 percent on Tuesday, with benchmark Brent crude slipping below $70 per barrel and

Published 13 Nov, 2018 12:40pm

Energy

Oil down 2pc after Trump urges OPEC not to cut supply

LONDON: Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to

Published 13 Nov, 2018 11:19am

Energy

Gazprom says Swiss court blocks Nord Stream payments

MOSCOW: A Swiss court has issued an injunction barring the operators of the Nord Stream gas pipeline from making payment

Published 12 Nov, 2018 07:34pm

Energy

West Africa Crude-Weak Asian demand, high freight weigh

LONDON: West African crude differentials remained under pressure on Monday as high freight rates and weaker Asian demand

Published 12 Nov, 2018 07:24pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 12 Nov, 2018 07:16pm

Energy

Med crude-Urals diffs stable in NWE and Med in quiet trade

MOSCOW: Russa's Urals crude differentials in northwest Europe and Mediterranean were stable on Monday in quiet trade.

Published 12 Nov, 2018 07:09pm

Energy

Oil gains after Saudi paves the way for an output cut

LONDON: Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabi

Published 12 Nov, 2018 03:42pm

Energy

Oil rises as Saudi Arabia seeks to tackle oversupply

LONDON: Oil prices rose on Monday after Saudi Arabia said OPEC and its partners believed demand was softening enough

Published 12 Nov, 2018 03:02pm

Energy

Total plans new offshore Angola well to boost oil output

LUANDA: French oil company Total said on Saturday it plans to drill 13 wells on block 17, offshore Angola, in order

Published 10 Nov, 2018 01:01pm

Energy

Brent oil drops under $70 for first time since April

LONDON: Brent crude oil sank Friday under $70 per barrel before a weekend meeting of major oil producing nations in

Published 09 Nov, 2018 11:39am

Energy

Repsol's Petronor refinery reports FCC outage

LONDON: Repsol's 220,000 bpd Petronor refinery in Spain shut down its gasoline producing FCC unit on Thursday following

Published 08 Nov, 2018 08:47pm

Energy

North Sea Crude-Forties slumps, Sture terminal closes briefly

LONDON: North Sea Forties crude differentials slumped on Thursday, pressured by ample prompt supplies while a brief clos

Published 08 Nov, 2018 08:12pm

Energy

Oil drops as rising global supply forces price U-turn

LONDON: Oil neared three-month lows on Thursday, surrendering early gains as investors focused on global crude suppl

Published 08 Nov, 2018 04:50pm

Energy

Oil falls as rising global supply forces price U-turn

LONDON: Oil edged lower on Thursday, surrendering early gains, as investors focused on the pace of growth in global

Published 08 Nov, 2018 03:01pm

Energy

Oil rises to $73 on report Russia, Saudi discussing possible output cut

LONDON: Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report t

Published 07 Nov, 2018 03:09pm

Energy

Oil prices down on Iran sanction exemptions, demand concerns

LONDON: Oil prices fell on Tuesday after Washington granted sanctions exemptions to top buyers of Iranian oil, lifti

Published 06 Nov, 2018 02:11pm

Energy

West Africa Crude-Angolan diffs slide as high freight rates bite

LONDON: The West African market saw little in the way of spot trade on Monday as rising freight rates dampened demand fr

Published 05 Nov, 2018 05:49pm

Energy

Oil up as US imposes sanctions on Iran, Tehran defiant

LONDON: Oil prices recovered some ground on Monday after five days of heavy losses as the United States imposed a ra

Published 05 Nov, 2018 05:00pm

Energy

Oil slips as US sanctions on Iran begin, Tehran defiant

LONDON: Oil prices fell on Monday as U.S. sanctions against Iran's fuel exports were softened by waivers allowing ma

Published 05 Nov, 2018 01:23pm

Energy

GLOBAL LNG-Asian spot price flat as bloated storage deters trades

LONDON: Asian spot prices for liquefied natural gas (LNG) were flat this week, at two-month lows, as bloated storage lev

Published 02 Nov, 2018 10:29pm

Energy

West Africa Crude-Angolan weaker, Nigerian steady

LONDON: The Angolan market was looking more bearish on Friday, traders said, after China's Unipec, normally a big buyer,

Published 02 Nov, 2018 09:11pm

Energy

Oil steadies before US sanctions on Iran

LONDON: Oil prices steadied on Friday after a week of heavy falls as markets braced for the imposition next week of

Published 02 Nov, 2018 12:51pm

Energy

Kosovo opts for coal plant despite criticism

PRISTINA: After decades of relying on lignite, Kosovo has been told it needs to phase the energy source out, despite

Published 02 Nov, 2018 12:50pm

Energy

Russia's Gazprom gas exports outside ex-Soviet states up 4.4pc in Jan-Oct

MOSCOW: Russian gas giant Gazprom said on Friday that its natural gas exports outside former Soviet Union grew by 4

Published 02 Nov, 2018 12:44pm

Energy

Renewables could reach 38 percent of German power use in 2018

FRANKFURT: Germany is on track to produce enough green power to cover nearly 38 percent of its electricity consumpti

Published 02 Nov, 2018 12:43pm

Energy

Eni did not make thorough checks in Nigeria deal

MILAN: Eni made no thorough background checks on a middleman it hired to broker a $1.3 billion Nigerian acquisition, a f

Published 31 Oct, 2018 08:59pm

Energy

Oil prices fall as global supply rises

LONDON: Oil prices fell for a third day on Wednesday on evidence of rising global supply despite the imposition of U

Published 31 Oct, 2018 04:16pm

Energy

Oil rises 1 percent ahead of US sanctions on Iran

LONDON: Oil prices rose more than 1 percent on Wednesday as markets braced for the imposition of U.S. sanctions on I

Published 31 Oct, 2018 11:58am

Energy

Oil prices fall on rising supply, trade tensions

LONDON: Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growt

Published 30 Oct, 2018 11:07am

Energy

Oil dips as Russia signals output will stay high

NEW YORK: Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, afte

Published 29 Oct, 2018 08:09pm

Energy

Oil edges lower as economic outlook grows gloomier

LONDON: Oil prices inched lower on Monday as concern over the global economy put crude on track for its biggest mont

Published 29 Oct, 2018 03:14pm

Energy

Med crude-Urals diffs up in Baltic on high demand

MOSCOW: Urals differentials firmed in northwest Europe on Friday as demand for the Russian grade was firm but its availa

Published 26 Oct, 2018 09:39pm

Energy

Oil falls on oversupply worries despite Iran sanctions

LONDON: Oil prices dropped more than 1 percent on Friday, heading for a third weekly loss after Saudi Arabia warned

Published 26 Oct, 2018 12:27pm

Energy

OPEC, allies may need to change course as oil inventories rise-panel

LONDON/RIYADH: OPEC signalled on Thursday it may have to return to oil production cuts as global inventories rise, in a

Published 25 Oct, 2018 08:42pm

Energy

Gazprom's export arm sees additional demand for gas in Europe at up to 50 bcm

VERONA: The export arm of Russian gas giant Gazprom sees additional demand for its gas in Europe at up to 50 billion cub

Published 25 Oct, 2018 08:32pm

Energy

Oil rises towards $77 after slide, demand outlook weighs

LONDON: Oil rose towards $77 a barrel on Wednesday after hitting a two-month low as the focus returned to looming U.

Published 24 Oct, 2018 03:11pm

Energy

Oil falls to $76 as worries mount on demand outlook

LONDON: Oil slipped to around $76 a barrel on Wednesday, paring losses after hitting its lowest since late August, p

Published 24 Oct, 2018 02:00pm

Energy

Oil falls after Saudi Arabia reassures market on supply

LONDON: Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring

Published 23 Oct, 2018 02:29pm

Energy

Oil falls by $2 after Saudi Arabia reassures market on supply

LONDON: Oil prices fell more than 2 percent on Tuesday after Saudi Arabia said it could supply more crude quickly if

Published 23 Oct, 2018 02:04pm

Energy

Oil falls as Saudi Arabia reassures market on supply

LONDON: Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring

Published 23 Oct, 2018 11:17am

Energy

Total CEO to attend Saudi investment conference

PARIS: Total's chief executive said on Monday he would attend an investment conference in Saudi Arabia this week, despit

Published 22 Oct, 2018 07:56pm

Energy

Oil rises above $80, Saudi Arabia plans output increase

LONDON: Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Sau

Published 22 Oct, 2018 02:20pm

Energy

Oil holds near $80 as Saudi Arabia plans output increase

LONDON: Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West,

Published 22 Oct, 2018 12:03pm

Energy

Russia's Lukoil has no immediate plans to sell power assets - CEO

TASHKENT: Russian oil firm Lukoil has no immediate plans to sell its power assets in Russia, chief executive Vagit Alekp

Published 19 Oct, 2018 02:06pm

Energy

Oil up but set for weekly loss on stock build, trade row

LONDON: Oil prices rose on Friday on signs of surging demand in China, the world's second-biggest oil consumer, although

Published 19 Oct, 2018 12:42pm

Energy

OPEC, allies struggle to fully deliver pledged oil output boost

LONDON: OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document

Published 19 Oct, 2018 10:54am

Energy

Oil up but set for weekly loss on stock build, trade row

LONDON: Oil prices rose on Friday on signs of surging demand in China, the world's second-biggest oil consumer, although

Published 19 Oct, 2018 09:11am

Energy

Shell sells Danish upstream assets to Norwegian Energy in $1.9bn deal

OSLO: Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing t

Published 18 Oct, 2018 12:53pm

Energy

Gazprom has increased gas output by 6.8pc so far this year

MOSCOW: Russian gas giant Gazprom has increased its gas output by 6.8 percent in the last nine and a half months and exp

Published 18 Oct, 2018 11:01am

Energy

Total ties up with India's Adani for LNG plants, fuel retail

French oil major Total has signed a deal with Indian conglomerate Adani Group to re-enter the South Asian nation's lique

Published 17 Oct, 2018 01:04pm

Energy

Shell to acquire stake in Deutsche Telekom-led toll services provider

FRANKFURT: A unit of Royal Dutch Shell is acquiring a 15-percent stake in Toll4Europe, an electronic toll service provid

Published 17 Oct, 2018 12:33pm

Energy

Oil steadies after surprise draw in US crude stocks

LONDON: Oil prices steadied after three days of gains on Wednesday after industry data showed a surprise decline in US c

Updated 19 Oct, 2018 11:27am

Energy

Oil rises on surprise draw in U.S. crude stockpiles

LONDON: Oil prices rose for a fourth day on Wednesday after industry data showed a surprise decline in U.S. crude invent

Updated 19 Oct, 2018 11:27am

Energy

Oil falls on US shale output, expected stocks data

LONDON: Oil prices fell on Tuesday on evidence of higher US oil production and increasing US crude inventories, but repo

Published 16 Oct, 2018 09:53am

Energy

Oil prices rise on Saudi tensions; demand outlook drags

LONDON: Oil prices rose on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worrie

Published 15 Oct, 2018 11:35am

Energy

European gasoline margins near 5-year low on oversupply

LONDON: Northwest European gasoline barge refining margins turned negative on Friday for first time since December 2013

Published 12 Oct, 2018 12:37pm

Energy

Oil edges further above $80 but weaker demand view weighs

LONDON: Oil edged further above $80 a barrel on Friday as a rally in equities lent support, though prices pared most of

Published 12 Oct, 2018 12:22pm

Energy

IEA lowers its growth forecast in oil demand for 2018, 2019

Paris: The International Energy Agency on Friday revised lower its growth forecast in global oil demand for 2018 and 201

Published 12 Oct, 2018 09:31am

Energy

OPEC says oil market well supplied, wary of 2019 surplus

LONDON: OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group's secretary-ge

Published 11 Oct, 2018 09:00pm

Energy

Cyprus seeks to construct first LNG import terminal by 2020

SINGAPORE/LONDON: Cyprus has invited bids for the development of the country's first liquefied natural gas (LNG) import

Published 11 Oct, 2018 01:46pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 11 Oct, 2018 12:21pm

Energy

Oil extends losses as markets fall, inventories climb

LONDON: Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more

Published 11 Oct, 2018 10:59am

Energy

OPEC Sec-Gen questions ‘misguided’ renewables debate after climate report

LONDON: OPEC's Secretary-General on Thursday criticised a report calling for radical action to fight climate change, say

Published 11 Oct, 2018 10:35am

Energy

Chevron becomes first oil major to exit Norway

OSLO: US oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it t

Published 10 Oct, 2018 01:10pm

Energy

Zinc dips after nearing 3-month high as supplies tighten

LONDON: Zinc dipped on Wednesday, having earlier risen back towards the 3-month high reached last week on shrinking inve

Published 10 Oct, 2018 12:59pm

Energy

Oil dips as IMF cuts growth outlook; eyes on hurricane

LONDON: Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as

Published 10 Oct, 2018 11:59am

Energy

Oil stocks and Milan help European shares bounce back

MILAN/LONDON: European shares managed to end a choppy session in positive territory and above 6-month lows on Tuesda

Published 09 Oct, 2018 07:50pm

Energy

Brent falls as fund managers take profits after rally

LONDON: Hedge fund managers started to take some profits after the strong rally in crude oil prices, even before details

Published 09 Oct, 2018 10:47am

Energy

Oil prices rise as Iranian crude exports fall

LONDON: Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer

Published 09 Oct, 2018 09:20am

Energy

LNG tanker SCF Melampus to arrive in the Netherlands on Oct 15

LONDON: Liquefied natural gas (LNG) tanker SCF Melampus is due to arrive at the Netherlands's Gate terminal on Oct. 15 f

Published 08 Oct, 2018 11:56am

Energy

Oil drops to around $83 on expectations Iran will maintain some exports

LONDON: Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep

Published 08 Oct, 2018 11:53am

Energy

French energy group Total, Algeria's Sonatrach sign new agreements

PARIS: French energy group Total and Algerian state-owned Sonatrach have signed new agreements, including a contract to

Published 07 Oct, 2018 11:19am

Energy

Corn hits one-month peak, wheat and corn edge higher

LONDON: US corn futures held just below an earlier one-month peak on Friday as forecast rains stoked fears of harvest de

Published 05 Oct, 2018 11:57am

Energy

Oil prices rise on Iran sanctions, outlook uncertain

LONDON: Oil prices steadied just below four-year highs on Friday as US sanctions curbed Iran's exports, tightening globa

Published 05 Oct, 2018 11:33am

Energy

Rising use of plastics to drive oil demand to 2050: IEA

LONDON: Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of

Published 05 Oct, 2018 11:32am

Energy

Oil holds near four-year highs as Saudi, Russia agree supply rise

LONDON: Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through US sanctions

Published 04 Oct, 2018 01:34pm

Energy

IEA boss urges oil producers to ease supply concerns

LONDON: Major oil producers must take "the right steps" to ease supply concerns that have lifted crude prices to a four-

Published 04 Oct, 2018 11:49am

Energy

Gazprom in talks with China on extra gas supplies

MOSCOW: Russia's Gazprom is in talks with China on additional gas supplies via the Power of Siberia pipeline, the Interf

Published 04 Oct, 2018 11:31am

Energy

UK GAS-Prices fall on healthy supply, lower demand

LONDON: British wholesale gas prices continued to decline on Thursday morning due to healthy supply and low demand due t

Published 04 Oct, 2018 08:38am

Energy

Russia could boost oil output by up to 300,000 bpd

MOSCOW: Russia could raise oil production by 200,000-300,000 barrels per day, President Vladimir Putin said on Wedne

Published 03 Oct, 2018 08:16pm

Energy

Oil slips below $85 as Saudi raises output towards record

LONDON: Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a r

Published 03 Oct, 2018 01:20pm

Energy

Azerbaijan oil output to rise slightly by end of 2018: minister

MOSCOW: Azerbaijan's oil output will increase slightly between now and the end of 2018, Azeri energy minister Parviz Sha

Published 03 Oct, 2018 11:44am

Energy

Oil rises towards 4-year high as Iran sanctions loom

LONDON: Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations that US sanction

Published 03 Oct, 2018 11:05am

Energy

Iraqi oil minister: no revision of OPEC oil output levels for now

MOSCOW: OPEC has not yet revised its previous decisions on oil production levels, Iraqi Oil Minister Jabar al-Luaibi sai

Published 03 Oct, 2018 10:35am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 03 Oct, 2018 10:33am

Energy

Shell says approves huge gas project in Canada

LONDON: Energy major Royal Dutch Shell said Tuesday it had approved a vast liquified natural gas project in Canada to he

Published 02 Oct, 2018 02:50pm

Energy

German diesel deal gives drivers choice of retrofit or trade-in

BERLIN: Owners of older diesel cars in German cities where the air is particularly polluted should be able to choose bet

Published 02 Oct, 2018 12:58pm

Energy

Oil at 2014 highs on Iran Sanctions, NAFTA deal

NEW YORK: Oil futures extended their rally on Monday, hitting their highest levels since November 2014, as U.S. sanc

Published 01 Oct, 2018 08:28pm

Energy

Russia's Gazprom lifts Jan-Sept non-CIS gas exports 5.8pc y/y

MOSCOW: State-controlled Russian gas giant Gazprom exported 5.8 percent more gas to non-CIS countries between Jan. 1 and

Published 01 Oct, 2018 03:37pm

Energy

Rosneft halts CDU-2 unit at Ufaneftekhim refinery for maintenance after fire

MOSCOW: Russia's Rosneft has halted the CDU-2 unit at its Ufaneftekhim refinery due to a fire that occurred on Sept. 29

Published 01 Oct, 2018 10:20am

Energy

Brent oil hits highest since 2014 before US sanctions on Iran bite

LONDON: Brent crude oil hovered close to its highest since November 2014 on Monday, supported by supply concerns before

Published 01 Oct, 2018 10:08am

Energy

Oil steady as Saudi supply balances Iran sanctions

LONDON: Oil prices steadied on Friday as US sanctions on Tehran squeezed Iranian crude exports, tightening supply even a

Published 28 Sep, 2018 12:02pm

Energy

Russian average oil output 11.347 bpd Sept. 1-27, set for record - source

MOSCOW: Oil production in Russia averaged 11.347 million barrels per day (bpd) between Sept. 1 and Sept. 27 and was on t

Published 28 Sep, 2018 10:19am

Energy

Nigerian oil exports to hit six-month high in November

LONDON: Nigeria's oil exports will reach their highest in six months in November, led in part by an increase in supply o

Published 27 Sep, 2018 02:46pm

Energy

Higher fuel prices to hurt Carnival's 4th-qtr profit; shares fall

Carnival Corp on Thursday forecast fourth-quarter profit below Wall Street estimates as the world's largest cruise opera

Published 27 Sep, 2018 02:17pm

Energy

Shell in talks to buy stake in Russian oil project: sources

MOSCOW/LONDON: Royal Dutch Shell is in talks to buy a stake in an oil and gas project from Gazprom Neft, three sources f

Published 26 Sep, 2018 02:36pm

Energy

Oil eases, but Iran sanctions keep prices near late 2014 highs

LONDON: Oil prices eased on Wednesday but were still set for a fifth consecutive monthly quarter of gains, driven by an

Published 26 Sep, 2018 11:57am

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 26 Sep, 2018 11:33am

Energy

Brent oil jumps to four-year high near $81

LONDON: Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global

Published 24 Sep, 2018 01:21pm

Energy

Oil at 4-year high after OPEC rebuffs Trump, fails to raise output

LONDON: Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate

Published 24 Sep, 2018 01:10pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 24 Sep, 2018 01:00pm

Energy

Hedge funds bet on shortage of Brent oil: Kemp

LONDON: Hedge fund managers made only minor adjustments to their overall position in petroleum futures and options in th

Published 24 Sep, 2018 11:27am

Energy

Oil steady as Trump tweet slows surge upwards

LONDON: Oil prices steadied on Thursday after U.S. President Donald Trump called on OPEC to "get prices down now!",

Published 20 Sep, 2018 05:28pm

Energy

Oil holds just below $80, supported by supply concerns

LONDON: Brent oil prices eased modestly on Wednesday but stayed near their highest level this year, supported by con

Published 19 Sep, 2018 03:19pm

Energy

Oil hovers near $80, supply concern expected to underpin prices

LONDON: Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to co

Published 19 Sep, 2018 12:32pm

Energy

West Africa Crude-Asia tenders keep spot Nigerian and Angolan trade muted

LONDON: A flurry of forthcoming tenders restricted spot trade in the Nigerian and Angolan crude markets on Tuesday. S

Published 18 Sep, 2018 08:40pm

Energy

North Sea Crude-Forties rises, Buzzard restarts

LONDON: North Sea Forties and Ekofisk crude differentials rose on Tuesday, supported by higher demand for October-loadin

Published 18 Sep, 2018 08:36pm

Energy

Germany to build LNG plant in ‘gesture’ to US drive to sell more

BRUSSELS: Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to th

Published 18 Sep, 2018 08:36pm

Energy

Med Crude-Urals diffs slip in NW Europe for third day

MOSCOW: Urals crude differentials in northwest Europe slipped again on Tuesday as three sellers offered barrels for load

Published 18 Sep, 2018 07:59pm

Energy

China casts shadow over new US LNG terminals with tariff

LONDON: China set a tariff on US liquefied natural gas (LNG), casting a shadow over US plans for new export terminals th

Published 18 Sep, 2018 07:57pm

Energy

Oil rises on signs OPEC not prepared to boost output

LONDON: Oil firmed on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies

Published 18 Sep, 2018 12:10pm

Energy

Africa Crude-Angolan Nov oil exports may fall to three-month low

LONDON: Angola will export less crude oil in November than in October, based on a preliminary loading schedule on Monday

Published 17 Sep, 2018 10:07pm

Energy

Russia's Novatek plans China LNG sales in yuan

BARCELONA: Russian liquefied natural gas (LNG) producer Novatek plans to sell some of its future production to China in

Published 17 Sep, 2018 08:52pm

Energy

Crude oil export, transit from Russia to rise by 1pc in Q4

MOSCOW: Russia aims to increase crude oil export and transit in the fourth quarter of 2018 to 63.8 million tonnes fr

Published 17 Sep, 2018 01:02pm

Energy

Forties steady, strike at Total fields called off

LONDON: North Sea Forties crude differentials were steady on Friday despite the slow return from maintenance of the key

Published 14 Sep, 2018 08:37pm

Energy

GLOBAL LNG-Prices for November soften after earlier strong weeks

LONDON: Asian spot liquefied natural gas (LNG) softened for November delivery after several weeks of strong demand and t

Published 14 Sep, 2018 07:55pm

Energy

BP again bids for Nigerian, Angolan programme awaited

LONDON: BP bid again for Nigerian cargoes on Friday, willing to pay more than it did on Thursday, while traders in the A

Published 14 Sep, 2018 07:49pm

Energy

West Africa Crude-Shell offers Nigerian cargoes, draws no buyers

LONDON: Nigerian differentials were broadly unchanged on Thursday, after a series of offers from Shell for October-loadi

Published 13 Sep, 2018 08:51pm

Energy

North Sea Crude-Brent weakens, Forties underpinned

LONDON: The North Sea differential for Brent Blend weakened below Forties on Wednesday while Forties has been firming th

Published 12 Sep, 2018 08:31pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks up as Rhine water levels remain low

LONDON: Benchmark northwest European gasoline refining margins rose on Tuesday with low water levels on the Rhine contin

Published 12 Sep, 2018 08:25pm

Energy

Oil nears $80 a barrel as concern grows over global supply

LONDON: Oil cut earlier losses and rose towards its highest level this year on Wednesday, after a drop in U.S. crude

Published 12 Sep, 2018 02:51pm

Energy

OPEC sees slower 2019 oil demand growth, warns on economy

LONDON: OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the ec

Published 12 Sep, 2018 02:40pm

Energy

Bulgaria-Greece gas pipeline project receives initial bids

SOFIA: Italy's Saipem, a consortium including Azeri state firm Sokar and nine other groups or firms have submitted initi

Published 11 Sep, 2018 04:53pm

Energy

West Africa Crude-BP scoops up Nigerian cargoes; Angolan selling out

LONDON: Nigerian crude prices rose on Tuesday after refiner BP bought more October-loading cargoes in the daily trading

Published 11 Sep, 2018 04:09pm

Energy

Oil rises as US sanctions on Iran squeeze supply

LONDON: Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despit

Published 11 Sep, 2018 02:02pm

Energy

Oil prices climb ahead of US sanctions on Iran

LONDON: Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despit

Published 11 Sep, 2018 12:33pm

Energy

GLOBAL LNG-Supported by demand, prices exceed past winter peak

LONDON: Asian spot liquefied natural gas (LNG) prices edged higher this week as Asian demand ahead of the winter persist

Published 07 Sep, 2018 08:49pm

Energy

West Africa Crude-Angola's Cabinda crude weakens, Nigeria supported

LONDON: Nigerian crude grades ended the week supported by bidding interest from oil major BP, which was seeking for an u

Published 07 Sep, 2018 08:45pm

Energy

Med crude-Diffs stable ahead of October trading cycle

MOSCOW: Urals differentials were unchanged for the fourth consecutive day on Friday due to lack of trading activity as n

Published 07 Sep, 2018 07:21pm

Energy

Oil gains from dollar weakness; focus pinned on demand outlook

LONDON: Oil rose on Thursday, encouraged by a weaker dollar and evidence of strong US fuel demand, though demand prospec

Published 06 Sep, 2018 08:06pm

Energy

West Africa Crude-BP heavy bidder again for Nigerian crude, tenders awarded

LONDON: BP bid for many cargoes of four Nigerian grades in the window on Thursday at the same level for a third consecut

Published 06 Sep, 2018 07:28pm

Energy

Russia's Gazprom signs agreement on gas and power station in Vietnam

MOSCOW: Russian gas giant Gazprom said on Thursday it has signed an agreement on the development of a gas field and powe

Published 06 Sep, 2018 07:09pm

Energy

Med Crude-Urals crude diffs little changed in quiet market

MOSCOW: Urals crude differentials in the Mediterranean and northwest Europe were little changed on Thursday in the abcen

Published 06 Sep, 2018 06:53pm

Energy

Oil drops below $78 as supply concern eases, demand worries mount

LONDON: Oil fell below $78 a barrel on Wednesday as a U.S. Gulf tropical storm weakened and moved away from oil-prod

Published 05 Sep, 2018 04:30pm

Energy

Oil drops towards $77 as US storm threat eases

LONDON: Oil fell towards $77 a barrel on Wednesday as a tropical storm hitting the U.S. Gulf coast weakened and move

Published 05 Sep, 2018 01:05pm

Energy

Med Crude-Urals crude diffs little changed in quiet trade

MOSCOW: Urals crude differentials in the Mediterranean and northwest Europe were stable on Tuesday in quiet trade, while

Published 04 Sep, 2018 07:34pm

Energy

West Africa Crude-Nigerian differentials rise after BP bids for swaps-linked grades

LONDON: Differentials for the major Nigerian crude grades edged up on Tuesday, approaching their highest in almost a mon

Published 04 Sep, 2018 07:01pm

Energy

Oil prices jump as Gulf of Mexico rigs evacuated

LONDON: Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation f

Published 04 Sep, 2018 01:13pm

Energy

LNG tanker Gaslog Salem due to arrive in the Netherlands Sept. 4

LONDON: Liquefied natural gas tanker Gaslog Salem is scheduled to arrive in the Netherlands on Sept. 4, the Rotterdam po

Published 03 Sep, 2018 09:49pm

Energy

Oil steady on high OPEC supply ahead of Iran sanctions

LONDON: Oil prices steadied on Monday, weighed down by rising supply from OPEC and the United States but supported b

Published 03 Sep, 2018 03:05pm

Energy

Oil prices higher as US sanctions limit Iran exports

LONDON: Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S.

Published 03 Sep, 2018 12:19pm

Energy

Russian oil output keeps steady in August near post-Soviet high

MOSCOW: Russian oil output stood at 11.21 million barrels per day (bpd) in August, virtually unchanged from July and

Published 02 Sep, 2018 02:15pm

Energy

Turkey hikes gas and power prices by as much as 14pc as lira crisis deepens

ANKARA: Turkey raised natural gas prices on Saturday by as much as 14 percent, two sources said, while the energy re

Published 01 Sep, 2018 12:36pm

Energy

Russia's Yamal LNG exports accelerate in time for winter, top Sakhalin

LONDON: Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expect

Published 31 Aug, 2018 08:16pm

Energy

OPEC August oil output hits 2018 high despite Iran losses

LONDON: OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports h

Published 31 Aug, 2018 07:52pm

Energy

Russia's Gazprom says takes pause on external debt market over legal risks

MOSCOW: Russia's Gazprom said on Friday it was taking a pause in using some of its debt tools but the gas giant said it

Published 31 Aug, 2018 07:24pm

Energy

Europe Distillates-Diesel cracks gain on refinery turnarounds

LONDON: Benchmark northwest European diesel refining margins ended the week higher as ongoing and upcoming refinery turn

Published 31 Aug, 2018 07:07pm

Energy

West Africa Crude-Nigerian crudes get snapped up in tenders; Angola slows

LONDON: Trade in Angolan cargoes slowed on Thursday, as unfavourable arbitrages discouraged buying from some of the larg

Published 30 Aug, 2018 08:46pm

Energy

Oil rises on Iran sanctions, lower US fuel inventories

LONDON: Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran an

Published 30 Aug, 2018 01:09pm

Energy

West Africa Crude-Demand flourishes for Nigerian Qua; IOC seeks October crude

LONDON: Nigerian diffs remained firm on Wednesday, thanks to demand for October-loading cargoes of Qua Iboe, while the i

Published 29 Aug, 2018 07:49pm

Energy

Oil higher on lower Iran exports, rising US supply

LONDON: Oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter

Published 29 Aug, 2018 01:54pm

Energy

Oil steady on lower Iran exports, rising US supply

LONDON: Oil prices steadied on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions de

Published 29 Aug, 2018 11:34am

Energy

European stock markets climb at open

LONDON: Europe's main stock markets rose at the start of trading on Wednesday, with London's benchmark FTSE 100 index cl

Published 29 Aug, 2018 09:45am

Energy

Europe Distillates-Diesel cracks edge gain on refinery outages

LONDON: Benchmark northwest European diesel refining margins firmed on Tuesday, supported by refinery outages. Indust

Published 28 Aug, 2018 08:36pm

Energy

Norway's Aker Solutions to step up expansion in offshore wind farms

STAVANGER: The chief executive of Norwegian oil services company Aker Solutions sees high growth potential from its Braz

Published 28 Aug, 2018 07:44pm

Energy

Med Crude-Urals rally resumes, CPC Blend diffs up

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean firmed again on Tuesday on sold demand, attr

Published 28 Aug, 2018 07:42pm

Energy

Oil touches seven-week highs after signs of tighter supply

LONDON: The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest incre

Published 28 Aug, 2018 01:54pm

Energy

Oil falls ahead of OPEC+ monitoring committee call

LONDON: Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, and ah

Published 27 Aug, 2018 12:16pm

Energy

Oil steady as demand outlook counters boost from Iran sanctions

LONDON: Oil held steady on Tuesday, as the prospect of price support from U.S. sanctions on Iran was offset by conce

Published 21 Aug, 2018 12:45pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the

Published 17 Aug, 2018 01:54pm

Energy

Oil steadies but outlook for demand grows gloomy

LONDON: Oil rose as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, thou

Published 16 Aug, 2018 03:00pm

Energy

Shell global refining boss Ryerkerk to step down

LONDON: The head of Royal Dutch Shell's global refining operations Lori Ryerkerk will step down at the end of the month

Published 13 Aug, 2018 12:13pm

Energy

Oil steady as emerging market woes dim demand outlook

LONDON: Oil prices steadied on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand

Published 13 Aug, 2018 12:12pm

Energy

Oil dips as emerging market woes dim demand outlook

LONDON: Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand,

Published 13 Aug, 2018 12:10pm

Energy

Oil steadies as US sanctions on Iran kick in

LONDON: Oil rose on Thursday, recouping some of the previous day's steep price slide, after the first round of US sancti

Published 09 Aug, 2018 01:51pm

Energy

Oil falls as concern grows over Chinese refinery demand

LONDON: Oil prices fell on Wednesday, following Chinese import data that highlighted an ongoing slowdown in demand from

Published 08 Aug, 2018 02:07pm

Energy

Socar Trading names new head of crude trading while four traders leave

LONDON: The trading arm of Azerbaijan's oil firm Socar has appointed a new head of physical crude while four other trade

Published 08 Aug, 2018 12:31pm

Energy

Oil up as US sanctions on Iran expected to tighten supply

LONDON: Oil prices rose on Tuesday with revived US sanctions against major crude exporter Iran expected to tighten globa

Published 07 Aug, 2018 12:29pm

Energy

Russia's Rosneft more than triples Q2 net profit, shares hit record

MOSCOW: Russia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 bil

Published 07 Aug, 2018 12:25pm

Energy

LNG tanker Seri Angkasa due to arrive at the Netherlands on August 21

OSLO: Liquefied natural gas tanker Seri Angkasa is due to arrive at the Netherlands on August 21, Reuters shipping data

Published 06 Aug, 2018 11:57am

Energy

Oil gains after monthly Saudi output shows surprise drop

LONDON: Oil rose on Monday after Saudi crude production registered an unexpected decline in July and US drilling appeare

Published 06 Aug, 2018 11:26am

Energy

Rosneft shares outperform on buyback plan, rouble weakens

MOSCOW: Shares in Russian oil giant Rosneft outperformed the broader market on Monday after the company's board approved

Published 06 Aug, 2018 11:13am

Energy

German insurer Munich Re to curb coal activities

FRANKFURT AM MAIN: German re-insurance giant Munich Re said Monday it would scale back investments in coal-related busin

Published 06 Aug, 2018 10:54am

Energy

Oil futures steady on market's long-term bearish focus

LONDON: Brent oil futures steadied under $74 a barrel on Friday as the market focused on bearish longer-term factors aft

Published 03 Aug, 2018 01:49pm

Energy

Croatia extends LNG terminal gas bidding deadline to Sept. 28

ZAGREB: A deadline for bids on output from a planned offshore liquefied natural gas (LNG) terminal to be built on Croati

Published 03 Aug, 2018 11:52am

Energy

Oil nears two-week lows after signs of supply pickup

LONDON: Oil prices fell for a third day on Thursday, nearing their lowest in two weeks following a surprise increase in

Published 02 Aug, 2018 02:00pm

Energy

Teekay speeds up ARC7 LNG tanker delivery on Yamal's request

LONDON: Teekay LNG Partners, part of the Teekay Corp group of companies, said on Thursday it had been asked to accelerat

Published 02 Aug, 2018 01:57pm

Energy

West African July crude exports to Asia rise by a quarter year-on-year

LONDON: West African exports of crude oil to Asia reached their highest level this year in July, thanks largely to more

Published 01 Aug, 2018 03:01pm

Energy

Oil falls below $73 on rising supply, trade worries

LONDON: Oil extended losses on Wednesday to fall below $72 a barrel, pressured by an industry report that US stockpiles

Published 01 Aug, 2018 02:23pm

Energy

Oil falls below $74 on US inventories, OPEC supply

LONDON: Oil slipped below $74 a barrel on Wednesday, pressured by an industry report that US stockpiles of crude rose un

Published 01 Aug, 2018 01:02pm

Energy

EU earmarks 278mn euros for four new LNG import terminals

LONDON: The European Commission has earmarked 278 million euros ($325 million) for four liquefied natural gas (LNG) impo

Published 31 Jul, 2018 04:09pm

Energy

LNG tanker Methane Princess to arrive in Belgium on Aug. 4

LONDON: Liquefied natural gas (LNG) tanker Methane Princess is due to arrive at Zeebrugge, Belgium, on August 4, data on

Published 31 Jul, 2018 11:17am

Energy

BP's oil trading business made small loss in second quarter

LONDON: BP's oil trading business made a small loss in the second quarter, Chief Financial Officer Brian Gilvary told Re

Published 31 Jul, 2018 10:58am

Energy

Oil prices edge higher but trade row caps gains

LONDON: Oil rose on Monday as investors remained cautious over the supply outlook, although the fallout from global trad

Published 30 Jul, 2018 10:18am

Energy

Brent steady, on course for weekly gain

LONDON: Oil prices steadied on Friday in quiet trading, though Brent futures were set for a weekly gain thanks to Sa

Published 27 Jul, 2018 10:18pm

Energy

Rosneft suing Exxon-led oil project over dispute between neighbours

MOSCOW: Russian oil major Rosneft's $1.4 billion lawsuit against the ExxonMobil-led Sakhalin-1 consortium relates to a r

Published 24 Jul, 2018 01:25pm

Energy

Oil steady as US-Iran row balances trade worries

LONDON: Oil prices steadied on Tuesday as tension between the United States and Iran highlighted risks to supply and tra

Published 24 Jul, 2018 12:12pm

Energy

Russia's Rosneft files $1.4bn suit against Sakhalin-1 participants

MOSCOW: Russia's largest oil company Rosneft filed an 89 billion rouble ($1.41 billion) lawsuit on Monday against partic

Published 23 Jul, 2018 12:10pm

Energy

Oil higher on Middle East, North Sea supply worries

LONDON: Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, whi

Published 23 Jul, 2018 12:08pm

Energy

Oil prices set for weekly drop as trade worries weigh

LONDON: Oil prices came under pressure on Friday from US-China trade tensions and were on course for a third straight we

Published 20 Jul, 2018 02:02pm

Energy

Oil prices fall on record US output, stock build

LONDON: Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. out

Published 19 Jul, 2018 11:50am

Energy

Oil prices fall on US stock rise, higher supply

LONDON: Oil benchmark Brent crude hit a three-month low on Wednesday after a rise in US crude inventories highlighte

Published 18 Jul, 2018 12:04pm

Energy

Brent crude oil hits 3-month low as output rises

LONDON: Global benchmark Brent crude oil hit a three-month low on Tuesday as worries over supply disruptions eased a

Published 17 Jul, 2018 12:14pm

Energy

Oil prices fall but market wary over supply outages

LONDON: Oil prices fell sharply on Monday as concerns about supply disruptions eased and Libyan ports reopened while

Published 16 Jul, 2018 05:21pm

Energy

Russia raises crude oil exports from Sakhalin-1 in Q3: sources

SINGAPORE: Russia plans to boost crude oil exports from the ExxonMobil-led Sakhalin-1 project to between 260,000 to

Published 16 Jul, 2018 01:59pm

Energy

Oil prices fall but supply tight with focus on outages

LONDON: Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while trad

Published 16 Jul, 2018 12:24pm

Energy

West Africa Crude-FM lifted on Bonny Light, Sept. programmes awaited

LONDON: Spot trade was thin on Friday after a flurry of deals during the week as traders wait to see the size of the Sep

Published 13 Jul, 2018 09:36pm

Energy

Oil falls for second week as supply concerns ease

LONDON: Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the v

Published 13 Jul, 2018 02:11pm

Energy

World oil supply risks being 'stretched to limit': IEA

PARIS: Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key prod

Published 12 Jul, 2018 02:26pm

Energy

Oil rallies as IEA warns of output capacity limits

LONDON: Oil prices rallied on Thursday, recouping some ground after sharp losses the previous session when Libya sai

Published 12 Jul, 2018 12:40pm

Energy

West Africa Crude-IOC clears some cargoes

LONDON: An Indian tender helped mop up some west African crude on Wednesday, while some more Angolan traded on spot.

Published 11 Jul, 2018 07:48pm

Energy

Med Crude-Urals diffs drift sideways as Rosneft adds cargo to July loading plan

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean were stable again on Wednesday after Rosneft

Published 11 Jul, 2018 07:38pm

Energy

Oil falls after Libyan ports reopen, Trump tariff threat

LONDON: Global oil benchmark Brent fell more than $2 a barrel on Wednesday after US President Donald Trump threatene

Published 11 Jul, 2018 02:12pm

Energy

Brent oil falls more than $2 after Trump tariff threat, Libya ports reopen

LONDON: Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threate

Published 11 Jul, 2018 01:50pm

Energy

OPEC sees lower 2019 demand for its oil as rivals pump more

LONDON: OPEC on Wednesday forecast world demand for its crude will decline next year as growth in consumption slows

Published 11 Jul, 2018 12:40pm

Energy

Oil falls after Libya ports reopen, Trump tariff threat

LONDON: Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threate

Published 11 Jul, 2018 12:27pm

Energy

Oil prices climb on global demand, US sanctions on Iran

LONDON: Oil prices rose on Monday as increased global demand and US efforts to shut out Iranian output using sanctio

Published 09 Jul, 2018 01:10pm

Energy

Oil prices climb on global demand, US sanctions on Iran

LONDON: Oil prices rose on Monday as increased global demand and US efforts to shut out Iranian output using sanctio

Published 09 Jul, 2018 12:32pm

Energy

New spot supply, tender cancellation saps spot price

LONDON: Asian spot liquefied natural gas (LNG) prices declined for a third week on producers from Australia to Nigeria b

Published 06 Jul, 2018 10:30pm

Energy

Oil slips below $77, weighed down by Saudi output boost, trade tensions

LONDON: Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions bet

Published 06 Jul, 2018 02:07pm

Energy

Brent crude firms on drop in US oil inventories, Iran threat

CALGARY/LONDON: Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in US crude

Published 04 Jul, 2018 05:55pm

Energy

Brent crude firm on drop in US oil inventories, Iran threat

LONDON: Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in U.S. crude in

Published 04 Jul, 2018 02:56pm

Energy

US crude hits $75 as oil supply risks mount

LONDON: US crude oil prices rose above $75 a barrel for the first time since 2014 on Tuesday after Iran appeared to

Published 03 Jul, 2018 04:21pm

Energy

Oil climbs on Libya force majeure, Canada outage

LONDON: Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss o

Published 03 Jul, 2018 12:01pm

Energy

Russian oil output up by 100,000 bpd in June as production curbs eased

MOSCOW: Russian average monthly oil output exceeded 11 million barrels per day (bpd) in June for the first time sinc

Published 02 Jul, 2018 03:00pm

Energy

Oil falls as Saudi, Russian output rises

LONDON: Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in As

Published 02 Jul, 2018 01:58pm

Energy

US oil prices steady ahead of sanctions on Iran

LONDON: Oil prices steadied on Thursday, with U.S. crude near a 3-1/2-year high, but supply remained tight with inve

Published 28 Jun, 2018 01:50pm

Energy

Spain's Repsol invests $869 million in electricity

MADRID: Oil major Repsol said on Wednesday it had bought the electricity assets of fellow Spanish firm Viesgo for 750 mi

Published 27 Jun, 2018 10:04pm

Energy

Oil rises on supply losses, US push to isolate Iran

LONDON: Oil prices rose on Wednesday on supply disruption in Canada, falling U.S. crude stocks, uncertainty over Lib

Published 27 Jun, 2018 11:36am

Energy

Iran says OPEC agreement did not specify oil production increase

LONDON: Iran's oil minister said that OPEC's oil output agreement did not specify a production increase and that a f

Published 26 Jun, 2018 01:07pm

Energy

Oil steady as outages balance trade dispute, OPEC

LONDON: Oil prices steadied on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports,

Published 26 Jun, 2018 11:58am

Energy

Oil drops after OPEC output deal, but markets to stay tight

LONDON: Brent crude oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output

Published 25 Jun, 2018 04:52pm

Energy

Shelf Drilling falls in Oslo market debut, upbeat on rig rates

OSLO: A fall in equities and oil markets knocked shares in Shelf Drilling on their Oslo market debut on Monday, alth

Published 25 Jun, 2018 04:29pm

Energy

European stock markets slide at open

LONDON: Europe's main stock markets dropped 0.7 percent in opening deals on Monday, as investors worried over the fester

Published 25 Jun, 2018 09:53am

Energy

OPEC meets Russia, other allies to agree oil output boost

VIENNA: OPEC is meeting Russia and other oil-producing allies on Saturday to clinch a new deal raising output, a day

Published 23 Jun, 2018 02:38pm

Energy

LNG-Asian spot price sinks as ending outages boost supply

LONDON: Asian spot liquefied natural gas (LNG) prices sank this week, snapping a four-week rally as production outages i

Published 22 Jun, 2018 10:24pm

Energy

Oil prices rise as OPEC meets

LONDON: Oil prices rose more than 1 percent on Friday as OPEC tried to agree a deal to increase output to compensate

Published 22 Jun, 2018 01:25pm

Energy

OPEC reaches deal to raise oil output from July

VIENNA: OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group an

Published 22 Jun, 2018 12:44pm

Energy

OPEC rift deepens as Iran walks out of key meeting

VIENNA: Iran's oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional ri

Published 21 Jun, 2018 08:12pm

Energy

Oil prices rise ahead of OPEC meeting

LONDON: Oil prices rose on Wednesday, supported by reports of a drop in U.S. commercial crude inventories and the lo

Published 20 Jun, 2018 04:02pm

Energy

Iran says will try to keep its share in OPEC production

LONDON: Iran will try to keep its share of OPEC production despite fresh US sanctions on its petroleum industry, Iranian

Published 19 Jun, 2018 03:38pm

Energy

Oil dented by US/China trade dispute; OPEC supply outlook

LONDON: Oil fell on Tuesday ahead of a possible increase in OPEC crude supply, and as an escalating trade dispute betwee

Published 19 Jun, 2018 02:41pm

Energy

West African June exports to Asia to rise as China takes in cargoes

LONDON: West African crude oil sailing to Asia will reach its highest level in five months this month, in spite of exten

Published 14 Jun, 2018 03:19pm

Energy

Oil steady as higher output balances demand

LONDON: Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer group O

Published 13 Jun, 2018 01:01pm

Energy

OPEC cautious on oil outlook despite end of global glut

LONDON: OPEC said the oil market outlook in the second half of 2018 is highly uncertain even though the producer group's

Published 12 Jun, 2018 04:02pm

Energy

Oil eases; OPEC cites uncertain market outlook for 2018

LONDON: Oil fell on Tuesday, reversing earlier gains, although volatility subsided to its lowest in three weeks, as inve

Published 12 Jun, 2018 03:54pm

Energy

Total says 3.5pc petrol stations dry to French farmers' blockade

PARIS: French oil and gas major Total said on Tuesday that 3.5 percent of its petrol stations in France were out of fuel

Published 12 Jun, 2018 03:37pm

Energy

Oil prices fall on rising US and Russian supplies

LONDON: Oil prices fell on Monday, pulled down by rising Russian production and the highest US drilling activity in more

Published 11 Jun, 2018 03:46pm

Energy

Saudi tells OPEC it pumped more oil in May, still below quota

LONDON: Top oil exporter Saudi Arabia has told OPEC that it raised oil output to a little more than 10 million barrels p

Published 11 Jun, 2018 03:27pm

Energy

C$ steadies as Ontario votes, BoC assesses financial stability

TORONTO: The Canadian dollar was little changed against its US counterpart on Thursday as voters in Ontario headed to th

Published 07 Jun, 2018 03:14pm

Energy

Oil gains as reality dawns over Venezuela's export crisis

LONDON: Oil rose by nearly $1 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela, alth

Published 07 Jun, 2018 02:50pm

Energy

Oil steady on Venezuela exports, supply concerns

LONDON: Oil prices steadied on Wednesday after Venezuela raised the prospect of a halt to some crude exports, easing wor

Published 06 Jun, 2018 03:49pm

Energy

Rosneft's Sechin discusses joint projects with Chinese commerce minister

MOSCOW: Igor Sechin, the head of Russian largest oil producer Rosneft, has met the Chinese Minister of Commerce Zhong Sh

Published 06 Jun, 2018 03:43pm

Energy

Boosted by rising oil prices, Spain's Repsol hits accelerator

MADRID: Spain's Repsol plans to increase investment and production and lift its dividend by 2020 after years of cost cut

Published 06 Jun, 2018 03:27pm

Energy

Brent crude tilts lower as investors weigh supply rises

LONDON: Brent crude futures eased on Tuesday, giving up early gains, as investors weighed the chances that global supply

Published 05 Jun, 2018 12:35pm

Energy

Oil nears one-month low on report US asked OPEC to raise supply

LONDON: Brent crude futures hit their lowest in close to a month on Tuesday following a report that the US government ha

Published 05 Jun, 2018 12:05pm

Energy

Oil down as US supply grows, OPEC mulls higher output

LONDON: Oil prices fell on Monday as US production hit a record high and as OPEC members considered boosting supply.

Published 04 Jun, 2018 01:33pm

Energy

ESPO Blend crude oil loading plan from Kozmino port set at 2.6mn t in July

MOSCOW: ESPO Blend crude oil loading plan from Russia's Pacific port of Kozmino has been set at 2.6 million tonnes in Ju

Published 04 Jun, 2018 01:19pm

Energy

Oil down as US supply grows, OPEC considers higher output

LONDON: Oil prices fell on Monday as US production hit a record high and OPEC members considered boosting supply. Ben

Published 04 Jun, 2018 12:45pm

Energy

Russia's Gazprom Jan-May output up 9.5 percent y/y at 217.3 bcm

MOSCOW: Russian gas giant Gazprom said on Friday its gas output for the first five months of 2018 was up 9.5 percent yea

Published 01 Jun, 2018 04:40pm

Energy

Brent premium over WTI hits new three-year high

LONDON: The spread between Brent crude oil futures contracts and US WTI hit a fresh three-year high on Friday with the l

Published 01 Jun, 2018 04:10pm

Energy

Shell starts new Gulf of Mexico field one year ahead of plan

LONDON: Royal Dutch Shell on Thursday announced the start of production at the Kaikias field in the US Gulf of Mexico, a

Published 31 May, 2018 03:15pm

Energy

Golar LNG unwinds joint venture with Schlumberger

LONDON: Golar LNG said on Thursday it would wind down its joint venture with Schlumberger , called OneLNG, which had bee

Published 31 May, 2018 03:08pm

Energy

Brent rallies to trade at largest premium to US crude since 2015

LONDON: Brent crude prices reversed earlier losses to hit their biggest premium to US futures in over three years on Thu

Published 31 May, 2018 03:03pm

Energy

Enel knocks out Iberdrola in battle for Brazil's Eletropaulo

MILAN: Italian energy giant Enel beat its Spanish rival Iberdrola in the race to acquire Brazil's electricity company El

Published 31 May, 2018 01:03pm

Energy

Gazprom profits expand as European exports hit record

MOSCOW: Gazprom said Wednesday its net profit climbed 11.4 percent in the first quarter as export volumes to Europe surg

Published 30 May, 2018 01:18pm

Energy

Gazprom's Q1 net profit seen edging up 1.4pc y/y

MOSCOW: Russian gas giant Gazprom is expected to report a 1.4 percent increase in first-quarter net profit to 338.3 bill

Published 29 May, 2018 03:33pm

Energy

Brent crude pares losses, but spectre of output boost lingers

LONDON: Brent crude oil rose on Tuesday, paring losses triggered by expectations that Saudi Arabia and Russia could pump

Published 29 May, 2018 02:58pm

Energy

Oil hits multi-week lows on fears of growing supplies

LONDON: Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. p

Published 29 May, 2018 12:02am

Energy

Oil hits multi-week lows as OPEC and Russia look to raise output

LONDON: Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while US product

Published 28 May, 2018 03:55pm

Energy

Lukoil's net profit barrels higher

MOSCOW: Russia's largest private oil company Lukoil said Monday that its net profit rose by 75 percent in the first quar

Published 28 May, 2018 03:28pm

Energy

Britain's FTSE rebounds, Kingfisher jumps as Homebase changes hands

LONDON: Kingfisher led a rebound in UK shares on Friday amid relief on global markets about Pyongyang's measured respons

Published 25 May, 2018 12:38pm

Energy

Rosneft signs deals on energy supplies with Ghana, Mongolia

ST PETERSBURG: Russia's largest oil producer Rosneft said on Friday it had signed deals on energy supplies with Ghana an

Published 25 May, 2018 12:28pm

Energy

Oil prices slump as Saudi Arabia and Russia consider output boost

LONDON: Oil prices fell more than 2 percent towards $77 a barrel on Friday as Saudi Arabia and Russia said they were rea

Published 25 May, 2018 12:20pm

Energy

Russia's Gazprom Neft: output cuts should be eased this summer

ST PETERSBURG: Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Friday he supported the possible ea

Published 25 May, 2018 12:11pm

Energy

Eni working on bid for Terra Firma solar assets in Italy

ST PETERSBURG: Italian oil major Eni is working on a joint bid for Terra Firma's solar assets in Italy with Qatar Petrol

Published 25 May, 2018 11:58am

Energy

OPEC supply easing is more reset than U-turn

LONDON: OPEC is changing course. For the past year-and-a-half, the Organization of the Petroleum Exporting Countries and

Published 25 May, 2018 11:53am

Energy

LNG tanker Mesaimeer set to arrive at Belgium's Zeebrugge on June 10

OSLO: The liquefied natural gas (LNG) tanker Mesaimeer is due to arrive at Belgium's Zeebrugge port on June 10, the port

Published 24 May, 2018 01:19pm

Energy

Russia's Novak to meet Russian oil firms to discuss oil output deal

ST PETERSBURG: Russian Energy Minister Alexander Novak said on Thursday he planned to meet with Russian oil companies to

Published 24 May, 2018 11:43am

Energy

Gazprom says settlement 'most reasonable outcome' for gas market

MOSCOW: Russia's Gazprom said Thursday it was satisfied with the settlement reached with the EU over claims it abused it

Published 24 May, 2018 10:53am

Energy

West Africa Crude-Nigerian market struggles with unsold cargoes

LONDON: Nigerian grades continued to struggle on Tuesday, weighed down by a surplus of unsold June-loading cargoes as th

Published 22 May, 2018 03:50pm

Energy

Shell shareholders adopt CEO pay by 75pc majority

THE HAGUE: Royal Dutch Shell shareholders on Tuesday approved the 2017 management remuneration, including Chief Executiv

Published 22 May, 2018 01:36pm

Energy

Oil rises towards $80 as supply concerns mount

LONDON: Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potent

Published 22 May, 2018 12:40pm

Energy

Brent tilts into the red, but US-China trade truce limits losses

LONDON: Brent crude oil declined on Monday, surrendering early gains, though the prospect of an easing in trade tens

Published 21 May, 2018 10:42pm

Energy

Shell says force majeure still in place on Nigerian Bonny crude

LONDON: Royal Dutch Shell said on Monday a declaration of force majeure remained in place on shipments of Nigerian Bonny

Published 21 May, 2018 02:59pm

Energy

Oil edges up as US says trade war with China is 'on hold'

LONDON: Oil held in positive territory on Monday, lifted by a rally across stocks and other commodities, after the Unite

Published 21 May, 2018 01:45pm

Energy

Oil hits $80 a barrel on concerns about Iran supply

LONDON: Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns Iranian exports could

Published 17 May, 2018 12:41pm

Energy

Oil hits $80, highest since Nov 2014, on Iran concerns

LONDON: Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports

Published 17 May, 2018 12:09pm

Energy

Gazprom sets 2017 dividend at 8.04 rbls per share

MOSCOW: The board of Russian gas producer Gazprom has agreed to management's proposal for a 2017 dividend of 8.04 rouble

Published 16 May, 2018 09:44am

Energy

Nigeria gives more oil purchase deals to local firms as vote looms

LONDON: State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are

Published 15 May, 2018 04:09pm

Energy

OPEC says global oil glut virtually eliminated

LONDON: A global oil glut has been virtually eliminated, according to OPEC figures, thanks in part to an OPEC-led supply

Published 14 May, 2018 11:06am

Energy

Total set to develop natural gas resources in Oman

PARIS: French energy group Total said on Sunday it had signed a memorandum of understanding with the government of Oman

Published 13 May, 2018 02:38pm

Energy

Exxon boosts Baton Rouge refinery crude unit production

HOUSTON: Exxon Mobil Corp was boosting production on the second-largest crude distillation unit (CDU) on Friday at its 5

Published 11 May, 2018 04:31pm

Energy

Benchmark API2 year-ahead coal futures hit high on Asia demand

LONDON: Benchmark European API2 next-year coal futures rose by 1.7 percent to $87.95 a tonne on Friday, their highest l

Published 11 May, 2018 02:58pm

Energy

Oil near multi-year highs as Iran sanctions tighten supply outlook

LONDON: Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new US sanctions on Iran tightened the ou

Published 11 May, 2018 02:05pm

Energy

OPEC in no hurry to decide if extra oil needed to offset Iran

LONDON/DUBAI: OPEC is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Ira

Published 10 May, 2018 12:40pm

Energy

Oil soars, dollar roars as Trump dumps Iran nuclear deal

LONDON: Crude oil prices jumped back to 3-1/2-year highs on Wednesday after President Donald Trump pulled the United Sta

Published 09 May, 2018 02:23pm

Energy

Oil hits 3-1/2-year high after US quits Iran deal

LONDON: Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after US President Trump abandoned a

Published 09 May, 2018 01:24pm

Energy

Sonatrach to buy ExxonMobil's Augusta oil refinery in Sicily

LONDON: Algeria's state energy firm Sonatrach plans to buy ExxonMobil's 175,000 barrel-per-day Augusta refinery in Sicil

Published 09 May, 2018 01:14pm

Energy

Cyprus, Greece and Israel aim for gas pipeline deal this year

NICOSIA: Cyprus, Greece and Israel aim to sign an agreement this year to develop a gas pipeline in the Eastern Mediterra

Published 08 May, 2018 03:26pm

Energy

West African May oil exports to Asia rally, but demand worries persist

LONDON: West Africa's crude oil loadings for Asia are expected to bounce back in May from a five-month low, a Reuters su

Published 08 May, 2018 03:23pm

Energy

Oil slips ahead of Trump's decision on Iran

LONDON: Oil prices receded slightly Tuesday from their highest level since 2014 as investors held their breath for a dec

Published 08 May, 2018 02:20pm

Energy

Hedge funds hold fire as oil prices hit multi-year highs

LONDON: For all the bullish commentary around oil prices at the moment, hedge fund managers have made only minor changes

Published 08 May, 2018 01:47pm

Energy

Oil backs off 2014 highs ahead of Trump Iran decision

LONDON: Oil retreated from its highest level in 3-1/2 years on Tuesday ahead of an announcement by President Donald Trum

Published 08 May, 2018 01:36pm

Energy

Poland cuts dependence on Russian oil but at a cost

WARSAW: Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published

Published 08 May, 2018 01:09pm

Energy

Oil surges on Venezuela woes and Iran worries

LONDON: Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil

Published 07 May, 2018 02:43pm

Energy

London aluminium rises, on track for 4pc weekly jump

BEIJING: London base metal prices rose on Friday, led by aluminium, as they staged a technical recovery following steep

Published 04 May, 2018 02:55pm

Energy

Statoil eyes Britain's 2019 renewable subsidy auction for Dogger Bank

LONDON/OSLO: Statoil is working with its partner SSE to mature the Dogger Bank offshore wind project so it can take part

Published 04 May, 2018 01:34pm

Energy

Oil strong as US decision on Iran sanctions looms

LONDON: Oil prices strengthened on Friday but stayed below recent highs as global supplies remained tight and the market

Published 04 May, 2018 01:21pm

Energy

UK oil terminal closure delays Brent cargoes in May, June

LONDON: North Sea Brent crude cargoes for loading in May and June have been delayed due to the shutdown at the UK's Sull

Published 04 May, 2018 01:20pm

Energy

Oil slips as OPEC, Iran worries bump against US output

LONDON: Oil prices slid lower on Thursday as swelling U.S. crude inventories and record weekly U.S. production offse

Published 03 May, 2018 11:23pm

Energy

Russia's Gazprom says Jan-April gas exports up 6.3pc y/y

MOSCOW: Gazprom's exports to countries outside the Commonwealth of Independent States (CIS) in January-April were up 6.3

Published 03 May, 2018 03:04pm

Energy

Ukraine boosts injections of gas into storage

KIEV: Ukraine has sharply increased injections of natural gas into underground storage, data from gas transport monopoly

Published 03 May, 2018 03:00pm

Energy

Oil slips as OPEC, Iran worries bump against US output

LONDON: Oil prices slipped on Thursday as swelling US crude inventories and record weekly US production clashed with OPE

Published 03 May, 2018 02:21pm

Energy

Libya's NOC withholding Total's share of Waha crude as dispute drags on

LONDON: Libya's National Oil Corp (NOC) is withholding Total's share of crude from the Waha concession as a dispute drag

Published 03 May, 2018 01:25pm

Energy

Russian oil output unchanged in April, misses global deal target

MOSCOW: Russian oil output stood at 10.97 million barrels per day (bpd) in April, unchanged from an 11-month high in Mar

Published 02 May, 2018 02:59pm

Energy

Oil eases as Iran ramps up exports and US storage tanks fill up

LONDON: Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in US shale

Published 02 May, 2018 01:26pm

Energy

Shanghai crude oil futures look successful, but issues lurk: Russell

LAUNCESTON: The new Shanghai crude oil futures have been trading for just over a month and have so far managed to build

Published 02 May, 2018 12:57pm

Energy

Iran's oil exports hits 2.6 million bpd in April

LONDON: Iran's oil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported

Published 01 May, 2018 04:46pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks rise as crude price falls

LONDON: Gasoline refining margins in northwest Europe rose on Tuesday as crude prices fell. The US Environmental Prot

Published 01 May, 2018 04:42pm

Energy

North Sea Brent crude loadings set at 4 cargoes for June

LONDON: Loadings of North Sea Brent crude were set at four cargoes for June, a loading programme showed on Tuesday, or a

Published 01 May, 2018 12:30pm

Energy

Oil prices stumble, but Iran sanction fears limit losses

LONDON: Oil prices slid on Tuesday as the dollar remained near a four-month high, but worries that US President Donald T

Published 01 May, 2018 12:21pm

Energy

BP says still sees oil at $50-$60/bbl in 2018 as shale output surges

LONDON: BP expects benchmark oil prices to weaken in the second half of the year as US shale production surges by up to

Published 01 May, 2018 12:15pm

Energy

Hedge funds trim positions in crude but boost fuels: Kemp

LONDON: For all the bullish chatter, hedge fund managers have become cautious about increasing their exposure to crude o

Published 30 Apr, 2018 12:47pm

Energy

West Africa Crude-Muted trading amid tenders, good availability

LONDON: The market was quiet amid muted demand from Asian and European refineries for new cargoes at current prices.

Published 27 Apr, 2018 04:19pm

Energy

Russia's Gazprom says sees gas price in Europe at around $230 per 1,000 cm in 2018

MOSCOW: Russian gas giant Gazprom said on Friday that it sees its gas price for Europe at around $230 per 1,000 cubic me

Published 27 Apr, 2018 02:55pm

Energy

Oil prices inch down but supported by Iran concerns

LONDON: Oil prices edged lower on Friday as the dollar rose, but Brent was still headed for a third week of gains amid s

Published 27 Apr, 2018 12:17pm

Energy

OPEC, non-OPEC oil ministers to meet on June 23, a day after OPEC-only meeting

LONDON: Ministers from OPEC and non-OPEC oil-producing countries plan to meet in Vienna on June 23, one day after talks

Published 27 Apr, 2018 11:54am

Energy

Oil rises as concern heats up over Iran sanctions, Venezuelan output

LONDON: Oil rose on Thursday, supported by expectations of renewed US sanctions on Iran, declining output in Venezuela a

Published 26 Apr, 2018 03:03pm

Energy

BP picks Norwegian Lund as chairman

LONDON: British energy giant BP on Thursday announced the appointment of industry veteran Helge Lund as its new chairman

Published 26 Apr, 2018 02:11pm

Energy

Pemex CEO says must move towards IPO, but not currently planned

LONDON: The chief executive of Mexico's national oil company Pemex said on Wednesday it must move towards a stock exchan

Published 25 Apr, 2018 02:30pm

Energy

Total interested in exploring Saudi petrol station market with Aramco

PARIS/RIYADH: French oil and gas major Total said on Wednesday it was interested in Saudi Arabia's petrol station market

Published 25 Apr, 2018 02:29pm

Energy

Russia's Gazprom may place next eurobond issue in sterling

MOSCOW: Russia's Gazprom may place its next eurobond issue in sterling, Interfax news agency reported Wednesday citing a

Published 25 Apr, 2018 02:06pm

Energy

Statoil has best quarter in years but lags expectations

OSLO: Statoil reported its highest quarterly profit in more than three years on Wednesday but its domestic unit and refi

Published 25 Apr, 2018 01:28pm

Energy

Oil heads up to $74 a barrel, but US bonds, crude supply cast a pall

LONDON: Oil edged higher on Wednesday, nearing three-year highs reached the previous day, as rising US fuel inventories

Published 25 Apr, 2018 11:59am

Energy

Oil tops $75, highest since 2014 OPEC meeting that led to pump war

LONDON: Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by

Published 24 Apr, 2018 01:49pm

Energy

Britain set to receive second Trinidad LNG cargo this month-data

LONDON: Britain's Isle of Grain liquefied natural gas (LNG) terminal is set to receive the British Merchant tanker on Ap

Published 24 Apr, 2018 01:20pm

Energy

Oil dips as rising US yields steer bulls

LONDON: Oil prices were little changed at around $74 a barrel on Monday on rising US borrowing costs and the prospect of

Published 23 Apr, 2018 01:23pm

Energy

Iran says no need to extend OPEC, non-OPEC pact if crude oil prices rise

ANKARA: Iran's oil minister said that if crude oil prices continued to rise there would be no need to extend a pact betw

Published 23 Apr, 2018 01:10pm

Energy

Hedge fund oil bulls on the rampage as bears vanish: Kemp

LONDON: Hedge fund managers have never seemed so convinced that oil prices are set to rise rather than fall in the near

Published 23 Apr, 2018 01:08pm

Energy

Oil falls after Trump criticises OPEC for artificially high prices

LONDON: Oil prices fell on Friday after US President Donald Trump criticised OPEC and said oil prices were artificially

Published 20 Apr, 2018 03:13pm

Energy

Kazakhstan to slash heavy oil exports as it goes upmarket

MOSCOW: Kazakhstan will sharply cut exports of heavy oil products, such as fuel oil and vacuum gasoil, as it focuses on

Published 20 Apr, 2018 03:11pm

Energy

Russia's Gazprom Neft recommends 2017 dividend of 15 rbls/share

MOSCOW: Russia's Gazprom Neft said on Friday its board had recommended a dividend of 15 roubles per share on 2017 result

Published 20 Apr, 2018 02:47pm

Energy

London aluminium regains momentum amid Rusal sanctions fallout

BEIJING: London aluminium prices ticked higher on Friday as a rally driven by fears of supply disruptions caused by US s

Published 20 Apr, 2018 01:23pm

Energy

European firms fight for LNG supplies, Norway's Yara says

OSLO: Europe's high natural gas prices are pushing energy-intensive industries across the continent to secure supplies o

Published 20 Apr, 2018 11:50am

Energy

Oil set for weekly gain on supply cuts, strong demand

LONDON: Oil prices were set for a second consecutive week of gains on Friday, buoyed by tightening supplies and continue

Published 20 Apr, 2018 11:41am

Energy

Oil price soars to highest level in years on Mideast tensions

LONDON: Oil surged Thursday close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London s

Published 19 Apr, 2018 08:43pm

Energy

Head of oil major Total expects good Q1 results due to high oil price

PARIS: French oil major Total expects to report good first quarter results next week, thanks to the impact of high oil p

Published 19 Apr, 2018 03:25pm

Energy

Oil climbs on Saudi price ambitions and US stocks draw

LONDON: Oil prices kept rising to their highest since late 2014 as US crude inventories declined, moving closer to five-

Published 19 Apr, 2018 02:19pm

Energy

Oil price soars to highest level in years on Mideast woes

LONDON: Oil surged Thursday close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stoc

Published 19 Apr, 2018 12:32pm

Energy

Oil rallies beyond $72, up $1 as supply concerns build

LONDON: Oil prices extended gains on Wednesday, rising more than $1 on a reported decline in U.S. crude inventories

Published 18 Apr, 2018 11:01pm

Energy

Oil rises more than $1 as Saudi aims at $100 a barrel

LONDON: Oil extended gains on Wednesday, rising more than $1 on a reported decline in US crude inventories and after sou

Published 18 Apr, 2018 03:56pm

Energy

Oil gains after drop in US inventories adds to supply concerns

LONDON: Oil prices rose on Wednesday, lifted by a reported decline in US crude inventories and the risk of supply disrup

Published 18 Apr, 2018 10:28am

Energy

Oil bolstered as investors factor in supply risks

LONDON: Oil rose on Tuesday, boosted by investors' growing concern over the potential for disruptions to crude supply, e

Published 17 Apr, 2018 11:04am

Energy

Croatia to announce tender results for using planned LNG plant in late May

ZAGREB: Croatia will announce on May 28 the results of a tender to use capacity at a planned liquefied natural gas (LNG)

Published 16 Apr, 2018 12:32pm

Energy

Oil prices drop as fears wane about fallout from Syria strikes

LONDON: Oil eased on Monday after US drilling activity rose and fears waned about escalating tensions in the Middle East

Published 16 Apr, 2018 11:54am

Energy

Oil edges off highs, but geopolitical tensions loom

LONDON: Oil markets edged back from highs last reached in late 2014 as ample supplies weighed, but prices were underpinn

Published 12 Apr, 2018 03:59pm

Energy

Shell sees no risk of ‘stranded assets’ as reserves life shrinks

LONDON: Royal Dutch Shell said on Thursday it saw little risk of having "stranded assets" in its portfolio as the world

Published 12 Apr, 2018 03:57pm

Energy

OPEC sees oil markets tighten further even as US shale booms

LONDON/NEW DELHI: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy de

Published 12 Apr, 2018 03:22pm

Energy

Oil hovers near highest since 2014 as OPEC sees tighter market

LONDON: Oil prices edged off highs last reached in late 2014 due to rising US stocks but remained well supported by moun

Published 12 Apr, 2018 02:30pm

Energy

BP unveils strategic alliance with Petrobras

LONDON: British energy major BP announced Thursday that it has agreed a "strategic" tie-up with Brazilian peer Petrobras

Published 12 Apr, 2018 12:51pm

Energy

Brent hits highest since 2014 after Trump missile warning

LONDON: Oil hit its highest in more than three years on Wednesday after U.S. President Donald Trump threatened to fi

Published 11 Apr, 2018 10:51pm

Energy

Oil hovers near 2014 peak as geopolitics vye with US supply

LONDON: Oil held near its highest in nearly three years on Wednesday, supported by political tension in the Middle East,

Published 11 Apr, 2018 01:07pm

Energy

Shipping fuel costs to spike 25pc in 2020 on sulphur cap

LONDON: Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulp

Published 11 Apr, 2018 12:56pm

Energy

Oil hits $70 as China offers soothing words on trade

LONDON: Oil hit $70 a barrel on Tuesday, in its biggest two-day rally in nearly a month, as investors grew more conf

Published 10 Apr, 2018 10:50pm

Energy

Oil firms may revive plans for Arctic Norway terminal -minister

OSLO: Oil firms operating two oilfields and several oil discoveries in the Barents Sea off Norway are looking at a possi

Published 10 Apr, 2018 02:31pm

Energy

Oil breaks above $70 a barrel as shadow of trade war recedes

LONDON: Oil broke above $70 a barrel on Tuesday, extending strong gains from the previous day, as investors g

Published 10 Apr, 2018 01:23pm

Energy

British Gas raising energy prices by 5.5 percent

LONDON: British Gas will raise the price of its most widely used standard tariff for customers getting electricity and g

Published 10 Apr, 2018 01:12pm

Energy

Oil rises but US-China trade tensions remain a concern

LONDON: Oil rose on Monday, recovering some of Friday's decline on the potential impact on global growth from a trade di

Published 09 Apr, 2018 03:15pm

Energy

Shell says Nigeria payments and oil theft climb in 2017

LONDON: Shell's payments to the Nigerian government grew to $4.32 billion in 2017, up nearly 19 percent from $3.64 billi

Published 09 Apr, 2018 03:09pm

Energy

Britain set to receive LNG from Trinidad

LONDON: Britain's Isle of Grain liquefied natural gas (LNG) terminal is set to receive the BW Boston tanker on April 9 f

Published 09 Apr, 2018 12:16pm

Energy

Oil edges up but US-China trade tensions curb gains

LONDON: Oil markets stabilised on Monday after having lost around 2 percent last Friday as concerns grew over the impact

Published 09 Apr, 2018 12:15pm

Energy

Oil inches down on Trump's latest China trade threats

LONDON: Oil prices fell on Friday after US President Donald Trump's threat of new tariffs on China reignited fears of a

Published 06 Apr, 2018 03:26pm

Energy

Russia's Rosneft interested in oil, gas in Iran's Zagros province

MOSCOW: Russia's largest oil producer Rosneft is interested in oil and gas projects in Iran's Zagros province, after sig

Published 06 Apr, 2018 02:54pm

Energy

Oil moves lower on Trump's latest China trade threats

LONDON: Oil prices fell on Friday after US President Donald Trump's threat of new tariffs on China reignited fears of a

Published 06 Apr, 2018 10:57am

Energy

West Africa Crude-Nigerian cargoes sail east, Angolan offers cut

LONDON: Nigerian crude oil offers for May loading were above the April level despite what traders described as limited d

Published 05 Apr, 2018 03:35pm

Energy

Statoil awards $1.5bn contracts to rig builders

OSLO: Norway's Statoil has awarded contracts worth 11.4 billion Norwegian crowns ($1.5 billion) to three companies for t

Published 05 Apr, 2018 01:08pm

Energy

Oil steady as easing US-China tension, US stockdraw support

LONDON: Oil prices steadied on Thursday as an easing of trade tensions between the United States and China and a surpris

Published 05 Apr, 2018 11:17am

Energy

OPEC March oil output sinks to 11-month low

LONDON: OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further

Published 04 Apr, 2018 02:52pm

Energy

Oil hits two-week low after China hits US goods with tariffs

LONDON: Oil fell to its lowest in two weeks on Wednesday after China said it would impose tariffs on a number of US good

Published 04 Apr, 2018 12:33pm

Energy

Oil struggles to retain gains as trade war concerns build

LONDON: Oil prices edged up on Tuesday, after having posted their biggest one-day fall in almost a year the previous

Published 03 Apr, 2018 10:57pm

Energy

OPEC Q1 oil output hits lowest since start of deal

LONDON: OPEC's oil output in the first three months of 2018 has fallen by 425,000 barrels per day (bpd) from its 2017 av

Published 03 Apr, 2018 01:25pm

Energy

Statoil awards $1.5bn drilling contracts, favours Archer

OSLO: Statoil has awarded 12 billion Norwegian crowns ($1.53 billion) worth of new platform drilling contracts to Archer

Published 03 Apr, 2018 01:10pm

Energy

Oil recovers from steep drop, but trade and output concerns linger

LONDON: Oil rose on Tuesday, boosted by the prospect of a potential slowdown in US crude production growth, although hig

Published 03 Apr, 2018 11:52am

Energy

Oil falls to $69 as earlier rally fizzles

LONDON: Oil fell to around $69 a barrel on Monday, reversing an earlier rally, as a rise in Russian production and c

Published 02 Apr, 2018 10:51pm

Energy

Oil falls to $69 as earlier rally fizzles

LONDON: Oil fell to around $69 a barrel on Monday, reversing an earlier rally, as a rise in Russian production and conce

Published 02 Apr, 2018 03:38pm

Energy

Russian oil output hits 11-month high in March

MOSCOW: Russian oil output rose slightly in March to an 11-month high of 10.97 million barrels per day (bpd), above a qu

Published 02 Apr, 2018 11:17am

Energy

Oil creeps up towards $70 on lower US drilling, Iran sanctions concern

LONDON: Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns

Published 02 Apr, 2018 11:06am

Energy

Russia's Gazprom sees dividends on 2017 profit at $3.3bn

MOSCOW: Russian gas company Gazprom expects to pay dividends on its 2017 profit totalling 190 billion roubles ($3.29 bil

Published 29 Mar, 2018 12:33pm

Energy

Oil stumbles as US supply growth offsets OPEC optimism

LONDON: Brent oil lingered below this week's highs on Thursday, as optimism over OPEC's commitment to controlling its ou

Published 29 Mar, 2018 12:26pm

Energy

Nigeria LNG tenders to sell two June-loading cargoes

LONDON/SINGAPORE: Nigeria LNG issues tender to sell two liquefied natural gas (LNG) cargoes loading in early and late Ju

Published 28 Mar, 2018 10:32am

Energy

Shell files criminal complaint against ex-employee over Nigeria oilfield sale

LONDON: Royal Dutch Shell has filed a criminal complaint with Dutch authorities against a former employee over the sale

Published 28 Mar, 2018 10:21am

Energy

Oil eases back from 2018 highs above $70 a barrel

LONDON: Oil fell on Wednesday as investors took profit on a rally the previous day to this year's highs after a report s

Published 28 Mar, 2018 10:04am

Energy

Oil briefly hits $71, with US supply, Middle East in focus

LONDON: Oil hit $71 a barrel before retreating on Tuesday, supported by concern about possible disruption to Middle

Published 27 Mar, 2018 10:43pm

Energy

Oil holds above $70 as geopolitics eclipses supply outlook

LONDON: Oil rose on Tuesday, holding above $70 a barrel for a third day, supported by concerns that tensions in the Midd

Published 27 Mar, 2018 12:23pm

Energy

Oil prices find support in trade talks and Mideast tensions

LONDON: Crude oil futures steadied on Monday, supported by a rebound in stock markets and escalating Saudi-Iran tensions

Published 26 Mar, 2018 12:37pm

Energy

Oil prices take flight with US hawk

LONDON: World oil prices surged Friday as the appointment of ultra-hawkish John Bolton as US national security advisor s

Published 23 Mar, 2018 04:40pm

Energy

Oil buoyed by Saudi talk of extending output cuts into 2019

LONDON: Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts

Published 23 Mar, 2018 12:58pm

Energy

Rosneft projects could be postponed if oil output pact extended

MOSCOW: Large, new energy projects by Russia's Rosneft could be postponed if oil-producing countries decide to extend th

Published 22 Mar, 2018 12:40pm

Energy

Oil retreats after hitting six-week highs near $70 a barrel

LONDON: Oil prices surrendered early gains on Thursday as investors booked profits after this week's rally, but losses w

Updated 22 Mar, 2018 01:26pm

Energy

Gazprom says European customers took 61.9 bcm of gas from storage facilities

MOSCOW: Russia's Gazprom said on Wednesday that European customers have taken 61.9 billion cubic meters of natural gas f

Published 21 Mar, 2018 02:30pm

Energy

Shell bets on petrol stations as electric revolution looms

LONDON: Royal Dutch Shell is placing a big bet on petrol stations and convenience stores in China, India and Mexico as i

Published 21 Mar, 2018 02:19pm

Energy

Oil approaches six-week highs as concern grows over Middle East

LONDON: Oil neared its highest in six weeks on Wednesday after a surprise decline in US inventories and as concern persi

Published 21 Mar, 2018 02:14pm

Energy

LNG tanker Al Samriya to arrive at Britain on March 29

LONDON: The liquefied natural gas (LNG) tanker Al Samriya is due to arrive at Britain's Milford Haven port on March 29,

Published 21 Mar, 2018 10:50am

Energy

Rosneft, Eni make no commercial discovery at Black Sea well

MOSCOW: Russian state oil company Rosneft and Italy's Eni did not make a commercial hydrocarbon discovery in the Black S

Published 21 Mar, 2018 10:07am

Energy

Oil rises to March high on Middle East tensions, Venezuela concerns

LONDON: Oil rose on Tuesday to its highest level so far this month, as tension in the Middle East and the possibilit

Published 20 Mar, 2018 10:41pm

Energy

UK GAS-Prices mixed as cold snap expected to ease this week

LONDON: British wholesale gas prices were mixed on Monday morning, with within-day gas up on cold temperatures but day-a

Published 19 Mar, 2018 11:33am

Energy

Rosneft doubles Q4 profit helped by Sistema deal

MOSCOW: Rosneft doubled its fourth-quarter net income to 100 billion roubles ($1.74 billion) after it resolved a row wit

Published 19 Mar, 2018 11:30am

Energy

Poland's PGNiG to cooperate with Pakistani gas firm on upstream projects

WARSAW: Poland's leading gas company, PGNiG, has agreed with Pakistan's Mari Petroleum Company to cooperate on upstream

Published 19 Mar, 2018 11:13am

Energy

Eni raises dividend and production targets in new plan

LONDON/MILAN: Italian oil and gas group Eni raised its dividend on Friday and held out the promise of a share buyback as

Published 16 Mar, 2018 12:41pm

Energy

Argentina's Enarsa seeks 7 LNG cargoes via tender

LONDON: Argentina's state-run Enarsa has launched a tender seeking seven liquefied natural gas (LNG) cargoes largely for

Published 16 Mar, 2018 12:01pm

Energy

Oil inches up after earlier losses, buoyed by stocks rise

LONDON: Oil prices inched up on Thursday after earlier losses, supported by a pickup in equity markets, but limited by e

Published 15 Mar, 2018 01:21pm

Energy

Statoil to change name to Equinor to reflect broad energy push

OSLO: Norway's Statoil said on Thursday it would change its name to Equinor, saying this would reflect its commitment to

Published 15 Mar, 2018 12:55pm

Energy

Enel only open to M&A that fits with business model, sees none at present

MILAN: Europe's biggest power group Enel is only interested in acquisitions that would fit its business model as an inte

Published 15 Mar, 2018 12:37pm

Energy

First LNG cargo from new US plant does U-turn for Britain

LONDON: The first liquefied natural gas (LNG) cargo exported from a new plant in the United States at Cove Point will ar

Published 15 Mar, 2018 12:35pm

Energy

Oil steadies as equities gain, but concern builds over supply

LONDON: Oil prices were broadly steady on Thursday, supported by a pickup in equity markets, but held back by evidence t

Published 15 Mar, 2018 12:02pm

Energy

OPEC sees oil supply surge from rivals, countering its cuts

LONDON: OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted

Published 14 Mar, 2018 02:48pm

Energy

Germany's 2017 oil output fell 6 percent, gas down 8 percent

FRANKFURT: Germany produced 2.2 million tonnes of oil in 2017, six percent less than in the previous year, while natural

Published 13 Mar, 2018 12:55pm

Energy

Oil, briefly up on lower rig counts, falls on US output outlook

LONDON: Oil prices fell on Monday on expectations that US output will rise this year, erasing earlier gains buoyed by lo

Published 12 Mar, 2018 02:22pm

Energy

World's second floating LNG project starts production in Cameroon

LONDON: Norwegian shipping firm Golar LNG on Monday said liquefied natural gas (LNG) production had started at its float

Published 12 Mar, 2018 12:35pm

Energy

Russia ramps up fuel exports in fight for European market

UST-LUGA/PRIMORSK: Russia plans to sharply increase fuel exports and carve out a larger share of the European market fol

Published 12 Mar, 2018 12:15pm

Energy

Spain's Petronor says restarting FCC Bilbao oil refinery

LONDON: Spain's Petronor said it was restarting a 46,000 bpd gasoline-making fluid catalytic cracking unit at its 220,00

Published 12 Mar, 2018 12:10pm

Energy

Europe's Feb oil inventories down 6.8 pct y/y -Euroilstock

LONDON: European stocks of crude oil and refined products at the end of February were down nearly 7 percent year on yea

Published 09 Mar, 2018 03:53pm

Energy

Slovenian Petrol to raise dividend by 14 pct

LJUBLJANA: Slovenia's largest fuel retailer Petrol proposed to raise its dividend to 16 euros ($19.68) per share from 14

Published 09 Mar, 2018 03:49pm

Energy

Oil up after sell-offs amid optimism about Trump meeting Kim

LONDON: Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North

Published 09 Mar, 2018 03:20pm

Energy

Oil prices under pressure from rising US inventories, output

LONDON: Oil prices were broadly steady on Thursday but still set to slip over the week for the second time in a row agai

Published 08 Mar, 2018 01:37pm

Energy

Demand for oil and gas will continue despite decarbonisation

LONDON: Demand for oil and gas will continue over the long term despite a shift towards sources of decarbonised energy,

Published 08 Mar, 2018 12:20pm

Energy

North Sea daily crude output to fall 1.7pc in April

LONDON: North Sea oil output in April will fall by about 30,000 barrels per day (bpd) or 1.7 percent, according to Reute

Published 06 Mar, 2018 01:30pm

Energy

Oil rises after Korea talks feed risk appetite

LONDON: Oil rose on Tuesday, paring earlier losses after South Korea said it would hold a summit with North Korea for th

Published 06 Mar, 2018 01:29pm

Energy

Oil steady as rally fizzles, OPEC-led cuts lend support

LONDON: Oil was broadly unchanged on Tuesday, as a recovery from last week's lows fizzled out, although ongoing producti

Published 06 Mar, 2018 11:22am

Energy

Poland's 2017 coal output down at 65.5mn tonnes vs 70.4mn in 2016

KATOWICE: Poland's coal output fell to 65.5 million tonnes last year from 70.4 million tonnes a year earlier, a presenta

Published 05 Mar, 2018 01:18pm

Energy

Oil prices fall as US shale output growth gathers pace

LONDON: Oil prices edged lower towards $64 per barrel on Monday on predictions of a major spike in US oil output in the

Published 05 Mar, 2018 01:15pm

Energy

Oil sector needs 2020 investment vision to meet demand

PARIS: The oil industry needs to quickly step up investment to meet rising demand as the booming US shale sector will on

Published 05 Mar, 2018 12:55pm

Energy

Eni and Shell trial over Nigeria kickbacks postponed

MILAN: A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfi

Published 05 Mar, 2018 12:47pm

Energy

Ukraine switches power plants to fuel oil, closes schools to save gas

KIEV: Ukraine has switched power plants to fuel oil from gas in an effort to make up for an emergency shortage after Rus

Published 02 Mar, 2018 02:12pm

Energy

Russia's Transneft to complete stake purchase in NCSP in 1-1.5 months

MOSCOW: Russian oil pipeline monopoly Transneft may complete purchase of a stake in Novorossiysk Commercial Sea Port fro

Published 02 Mar, 2018 11:24am

Energy

Britain's National Grid withdraws gas supply warning

OSLO: National Grid on Friday withdrew a gas supply warning issued a day earlier saying that new supply was reaching the

Published 02 Mar, 2018 11:18am

Energy

Statoil to drill three exploration wells off Britain in 2018

OSLO: Norway's Statoil will drill three exploration wells on Britain's continental shelf (UKCS) this year, the company s

Published 02 Mar, 2018 11:10am

Energy

Oil major Total expands in Libya with Waha stake buy from Marathon

LONDON/TUNIS: French energy company Total said on Friday it had acquired a 16.33 percent stake in Libya's Waha concessio

Published 02 Mar, 2018 10:29am

Energy

Oil falls for third day as higher inventories, dollar weigh

LONDON: Oil prices fell for a third day on Thursday, dropping towards $64 a barrel as rising US inventories, record outp

Published 01 Mar, 2018 01:21pm

Energy

Brent oil eases on concerns over U.S. supply, Asian demand

LONDON: Brent oil eased on Wednesday, ahead of data that is expected to show a rise in U.S. crude output and after i

Published 28 Feb, 2018 10:30pm

Energy

Oil struggles to shake off concern over demand after China data

LONDON: Oil prices struggled to stay in positive territory on Wednesday after data showed industrial activity in some of

Published 28 Feb, 2018 12:18pm

Energy

Russia's Gazprom Neft to borrow around $2.5bn in 2018

MOSCOW: Russia's Gazprom Neft, the oil arm of Russian gas giant Gazprom, plans to raise around $2.5 billion in debt in 2

Published 28 Feb, 2018 11:50am

Energy

Oil eases as possible rise in US stocks outweighs faith in OPEC

LONDON: Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in US crude inventories, althoug

Published 27 Feb, 2018 01:45pm

Energy

Oil steady after hitting 3-week top; Saudis to keep output below cap

LONDON: Oil steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it

Published 26 Feb, 2018 12:16pm

Energy

Oil slips to $66 a barrel as US output offsets OPEC curbs

LONDON: Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising US oil output and exports will o

Published 23 Feb, 2018 11:25am

Energy

Oil falls as stronger dollar eclipses US inventory drop

LONDON: Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in US

Published 22 Feb, 2018 11:24am

Energy

Norway's Jan oil output below forecast, gas production higher

OSLO: Norway's preliminary oil output rose in January, but was 1.4 percent below the Norwegian Petroleum Directorate's f

Published 21 Feb, 2018 01:03pm

Energy

Russian oil product exports from Black Sea port disrupted by conflict

LONDON/MOSCOW: Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to

Published 21 Feb, 2018 12:23pm

Energy

Oil falls as dollar rises, US inventories expected to rise

LONDON: Oil prices fell on Wednesday, weighed down by a rebound in the US dollar from three-year lows hit last week and

Published 21 Feb, 2018 11:26am

Energy

OPEC, non-OPEC producers to study long-term cooperation in June: UAE

LONDON: OPEC and non-OPEC oil producers including Russia will discuss extending their cooperation for many more years wh

Published 20 Feb, 2018 12:58pm

Energy

Brent crude sags, while lower Canadian supply boosts US futures

LONDON: Brent crude oil prices fell on Tuesday, pulled down by a stronger dollar and a bout of profit-taking, while US f

Published 20 Feb, 2018 12:18pm

Energy

Oil rally set to lift Russia's Novatek Q4 core earnings to record high

MOSCOW: Russia's largest non-state gas producer Novatek is set to report record high core earnings for the fourth quarte

Published 20 Feb, 2018 12:17pm

Energy

Poland's PGNiG interested in gas supplies from Israel and Lebanon: CEO

WARSAW: Polish state-run gas company PGNiG is interested in future gas supplies from Israel and Lebanon, Chief Executive

Published 20 Feb, 2018 11:59am

Energy

Oil hits 2-week high on share market recovery, Mideast tensions

LONDON: Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery

Published 19 Feb, 2018 09:47pm

Energy

Shell names Jacek Dziembaj head of oil products trading

LONDON: Royal Dutch Shell has appointed Jacek Dziembaj as head of oil products trading and supply, according to an inter

Published 19 Feb, 2018 01:26pm

Energy

Angolan oil exports to slip to 1.51mn bpd in April

LONDON: Angola's oil exports are set to fall slightly to 1.51 million barrels per day (bpd) in April, a provisional prog

Published 19 Feb, 2018 01:19pm

Energy

Oil hits 2-week high on share market recovery, Middle East tensions

LONDON: Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and

Published 19 Feb, 2018 01:15pm

Energy

Shell says small fire extinguished at Pernis oil refinery

LONDON: Shell said a "small fire" which occurred during maintenance on a furnace at its 404,000 barrels-per-day Pernis o

Published 16 Feb, 2018 04:50pm

Energy

Gazprom demands discounts from Russian pipemakers as investments peak

MOSCOW: Gas giant Gazprom is demanding big discounts from Russian pipeline suppliers for its major projects, industry so

Published 16 Feb, 2018 11:54am

Energy

Global oil cut deal may hit Russian economy in 2018

MOSCOW: A global deal on output cuts between OPEC and non-OPEC countries to shore up oil prices may hit Russia's economy

Published 16 Feb, 2018 11:36am

Energy

Gazprom plans yen-denominated bonds worth up to $1bn

MOSCOW: Russia's Gazprom plans to offer yen-denominated bonds worth up to $1 billion, the Japan Bank for International C

Published 15 Feb, 2018 02:14pm

Energy

Oil slips towards $64 as U.S. output, higher inventories weigh

LONDON: Oil slipped towards $64 barrel on Thursday as record US production and rising inventories outweighed a weak doll

Published 15 Feb, 2018 01:40pm

Energy

OPEC sees higher 2018 oil demand, but more rival supply

LONDON: OPEC said on Monday world oil demand would grow faster than expected in 2018 because of a healthy world economy,

Published 12 Feb, 2018 03:08pm

Energy

Oil gains 2pc as global markets stabilise, dollar dips

LONDON: Oil rose 2 percent on Monday, recovering some of last week's steep losses as global equities steadied after thei

Published 12 Feb, 2018 03:07pm

Energy

Venezuelan oil firm PDVSA bonds hit by EMTA market move

LONDON: Emerging markets trade group EMTA has recommended that bonds issued by Venezuela's state-owned oil firm PDVSA sh

Published 12 Feb, 2018 03:01pm

Energy

Oil majors strike it rich on rising crude prices

PARIS: The world's leading oil companies published a bumper crop in profits last year as rising crude prices helped turn

Published 11 Feb, 2018 05:03am

Energy

Oil slides towards weekly loss on excess supply worries

LONDON: Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as reco

Published 09 Feb, 2018 03:31pm

Energy

OPEC-Russia oil output deal adjustment possible in Q2 2018

MOSCOW: Gazprom Neft Chief Executive Alexander Dyukov said on Friday that an adjustment of the global oil production cut

Published 09 Feb, 2018 02:06pm

Energy

Oil slides towards steep weekly loss as supply fears mount

LONDON: Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as re

Published 09 Feb, 2018 02:05pm

Energy

Gazprom warns Europe of gas shortage without increased Russian imports

LONDON: Europe will face a gas shortage and price spike as soon as the next decade if it doesn't decide quickly to boost

Published 09 Feb, 2018 01:54pm

Energy

Oil falls below $65 as US output soars, North Sea supply restarts

LONDON: Oil prices fell to their lowest in six weeks on Thursday after data showed US crude output had reached record hi

Published 08 Feb, 2018 01:59pm

Energy

North Sea Forties oil pipeline ramps up slowly after latest outage

LONDON: Oil and natural gas flows along Britain's biggest and most important oil pipeline, Forties, were ramping up slow

Published 08 Feb, 2018 01:43pm

Energy

OPEC-Russia oil output cut deal could last until H1 2019

LONDON: Russia's Gazprom Neft said on Thursday that cooperation with OPEC producers on curbing oil output could last unt

Published 08 Feb, 2018 01:36pm

Energy

Russia's Gazprom Neft plans significant rise in 2017 dividends

LONDON: Russia's Gazprom Neft plans to significantly increase dividend payouts for 2017, Chief Financial Officer Alexey

Published 08 Feb, 2018 01:30pm

Energy

Arrests in Italy over Eni energy bribery scandal

ROME: Fifteen people have been arrested in Italy on suspicion of having "adjusted" lawsuits in favour of Italian energy

Published 07 Feb, 2018 02:21pm

Energy

Oil steadies, as lower inventories offset by higher US output

LONDON: Oil held mostly steady on Wednesday, as the boost from a report showing a drop in US crude inventories last week

Published 07 Feb, 2018 12:35pm

Energy

Shell Russian exec says impact of Western sanctions was minimal

TORZHOK: International oil major Royal Dutch Shell's Russian business felt minimal impact from Western sanctions on Russ

Published 07 Feb, 2018 12:28pm

Energy

Statoil CEO sees 2018 oil price below $70 per barrel

LONDON: The price of crude oil will likely come under pressure later this year from rising output at US onshore developm

Published 07 Feb, 2018 11:33am

Energy

Oil eases, but wards off stocks-style turbulence

LONDON: Oil fell for a third day on Tuesday, as a rout in global equities triggered losses across bonds, cryptocurrencie

Published 06 Feb, 2018 01:47pm

Energy

BP profits surge as oil major leaves downturn behind

LONDON: BP's profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allow

Published 06 Feb, 2018 12:51pm

Energy

Oil nears one-month low, volatile equities keep investors jittery

LONDON: Oil prices neared their lowest in a month on Monday as rising US output and a weaker physical market added to th

Published 05 Feb, 2018 01:13pm

Energy

Brent oil supported near $70 a barrel on OPEC cuts, strong demand

LONDON: Brent oil prices held near $70 per barrel, supported by strong compliance with output cuts by OPEC and its ally

Published 02 Feb, 2018 02:29pm

Energy

US oil production nears 47-year record as shale booms: Kemp

LONDON: US crude oil production topped 10 million barrels per day (bpd) in November, according to monthly estimates publ

Published 01 Feb, 2018 02:12pm

Energy

Shell profit soars on oil price recovery

LONDON: Royal Dutch Shell said Thursday that a major recovery in oil prices enabled it to nearly triple profits in 2017.

Published 01 Feb, 2018 12:53pm

Energy

Oil set for strongest January since 2013; wary of data

LONDON: Oil prices fell for a third day on Wednesday ahead of the possible first rise in US inventories in 11 weeks, but

Published 31 Jan, 2018 03:52pm

Energy

BP discovers North Sea oil and gas

LONDON: British energy major BP on Wednesday announced oil and gas discoveries in the North Sea, in a boost for the comp

Published 31 Jan, 2018 03:27pm

Energy

Oil falls below $69 as stronger dollar dents risk assets

LONDON: Oil fell below $69 a barrel on Tuesday for the first time in six days, driven by rising US output and as a stren

Published 30 Jan, 2018 01:07pm

Energy

Statoil quits talks over a stake in Mozambique offshore block

OSLO: Statoil decided to quit negotiations over a 25.5 percent stake in Mozambique's offshore A5-A block after more than

Published 29 Jan, 2018 03:29pm

Energy

Eni sees East Med as key to diversifying Europe's gas imports

LONDON: Gas projects in east Mediterranean countries such as Egypt, Cyprus and Israel will be key to help Europe diversi

Published 29 Jan, 2018 01:25pm

Energy

Oil dips but still set for strongest January in five years

LONDON: Oil eased below $70 a barrel on Monday as rising US output undermined efforts led by OPEC and Russia to tighten

Published 29 Jan, 2018 01:14pm

Energy

Iraq says to comply with OPEC deal despite oil export capacity rise

LONDON: Iraq will comply with the OPEC output reduction deal even though it is working hard to increase its oil export c

Published 29 Jan, 2018 01:03pm

Energy

Russian oil output at 10.94mn bpd so far in Jan

MOSCOW: Russia produced 10.94 million barrels of oil per day (bpd) on average between Jan. 1 and Jan. 28, or 1.493 milli

Published 29 Jan, 2018 01:01pm

Energy

Shell buying spree cranks up race for clean energy

LONDON: Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to el

Published 26 Jan, 2018 03:42pm

Energy

Oil rally fades as headwinds loom, but weak dollar underpins

LONDON: Oil paused on Friday after hitting fresh three-year highs in the previous session, but weakness in the dollar co

Published 26 Jan, 2018 03:30pm

Energy

Oil hits $71 for first time since 2014 on tighter supply and weak dollar

LONDON: Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-bre

Published 25 Jan, 2018 04:35pm

Energy

OPEC, non-OPEC producers expect oil market balance in Q3 or Q4

MOSCOW: The OPEC and non-OPEC countries involved in a global deal to reduce oil output expect the market to return to ba

Published 24 Jan, 2018 05:18pm

Energy

Brent crude dips after surprise rise in US inventories

LONDON: Benchmark Brent crude oil prices eased on Wednesday, pressured by a rise in US crude and gasoline inventories, b

Published 24 Jan, 2018 04:55pm

Energy

Eni halts drilling in Rosneft-led offshore project over US sanctions

DAVOS: Italian oil and gas group Eni has suspended drilling in the Black Sea in a Rosneft-led offshore project because o

Published 24 Jan, 2018 03:55pm

Energy

Oil rises on IMF world growth outlook, OPEC-led supply curbs

LONDON: Oil prices rose on Tuesday, lifted by healthy world economic growth prospects and production curbs by OPEC, Russ

Published 23 Jan, 2018 03:41pm

Energy

Russia's Gazprom considers Eurobond in Swiss francs

MOSCOW: Russian gas giant Gazprom has been considering placing a Eurobond in Swiss francs, two financial market sources

Published 23 Jan, 2018 03:40pm

Energy

Oil rises as Saudi Arabia says producers will cooperate beyond 2018

LONDON: Crude futures edged higher on Monday, propped up by comments from Saudi Arabia that cooperation between oil prod

Published 22 Jan, 2018 03:43pm

Energy

Crumbling refinery profits threaten OPEC-led crude rally

LONDON: The recent OPEC-led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil's bu

Published 22 Jan, 2018 02:41pm

Energy

Oil edges lower as Libyan output undermines 2018 rally

LONDON: Oil slipped on Monday under pressure from rising Libyan output and concerns that a rally that had sent prices to

Published 22 Jan, 2018 02:21pm

Energy

Copper edges higher on demand optimism, supply concerns

LONDON: Copper rose on Monday, leading broad-based gains across the base metals as optimism over the outlook for global

Published 22 Jan, 2018 02:01pm

Energy

Oil prices fall as US output rise outweighs crude stock falls

LONDON: Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back i

Published 19 Jan, 2018 02:23pm

Energy

Chevron to resume drilling in Iraqi Kurdistan

LONDON: Chevron will resume oil and gas drilling operations at the Sarta 3 block in Iraqi Kurdistan "in the near future"

Updated 16 Jan, 2018 02:28pm

Energy

Oil prices near 3-year highs, supported by healthy demand

LONDON: Brent crude oil dipped on Tuesday but remained near $70 a barrel, a level not seen since 2014's drama

Published 16 Jan, 2018 11:53am

Energy

Russia's Novak: we should continue with global oil output cut

MOSCOW: A global deal to cut oil output led by OPEC and Russia should continue, Russian Energy Minister Alexander Novak

Published 16 Jan, 2018 11:45am

Energy

Brent oil falls by $1 but demand underpins near $70/barrel

LONDON: Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand und

Published 16 Jan, 2018 11:28am

Energy

North Sea Crude-Forties eases, Shell holding many cargoes

LONDON: North Sea Forties crude differentials eased on Monday as demand waned, with Shell not buying any more cargoes af

Published 15 Jan, 2018 05:00pm

Energy

Oil hovers below $70 highs, clouded by rise in US output

LONDON: Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia

Published 15 Jan, 2018 01:26pm

Energy

Nigeria's NNPC cancels gasoline tender after price spike

LONDON: Nigerian state oil company NNPC cancelled a tender it issued last week to buy up to 1.55 million tonnes of gasol

Published 15 Jan, 2018 12:42pm

Energy

Shell OKs first UK North Sea project in six years

LONDON: Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK No

Published 15 Jan, 2018 12:24pm

Energy

Russia's seaborne Urals crude exports to Europe seen falling sharply

MOSCOW: Seaborne exports of Russia's flagship Urals crude will fall in 2018 to their lowest since the early 2000s as Mos

Published 12 Jan, 2018 01:19pm

Energy

Oil surges to highest since 2014 as global stocks tighten

LONDON: Oil prices surged to their highest since 2014 on Thursday on tightening global crude stocks and after OPEC membe

Published 11 Jan, 2018 08:21pm

Energy

Oil prices expected to trade around $60-$70 through 2020: Kemp

LONDON: Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the en

Published 11 Jan, 2018 08:20pm

Energy

Norway forecast to match 2017 record pipeline exports this year

STRAVANGER: Norway's pipeline exports of natural gas to Europe in 2018 should match last year's record 117.4 billion sta

Published 11 Jan, 2018 08:19pm

Energy

West Africa Crude-IOC books at least 4mn barrels, spot trade limited

LONDON: India's IOC booked at least 4 million barrels of crude oil from West Africa, traders said, but other pending ten

Published 11 Jan, 2018 07:59pm

Energy

Med crude-Urals firmer in Baltic, weaker in Med as margins fall

MOSCOW: Urals differentials rose in north-west Europe on Thursday, supported by healthy demand from regional buyers, but

Published 11 Jan, 2018 07:36pm

Energy

ARA gasoil stocks jump 13pc

LONDON: Total oil product stocks in the Amsterdam-Rotterdam-Antwerp refining and storage hub rose by 13 percent in the w

Published 11 Jan, 2018 07:04pm

Energy

Oil prices hit fresh highs, but worries grow of overheated market

LONDON: Crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and healthy demand helped to

Published 10 Jan, 2018 07:30pm

Energy

Europe Gasoline/Naphtha-Cracks gain on Nigerian demand

LONDON: Gasoline refining margins in northwest Europe rose on Wednesday, supported by firming demand from Nigeria but a

Published 10 Jan, 2018 07:14pm

Energy

LNG tanker Christophe De Margerie to arrive in Britain on Jan. 16

LONDON: The Christophe de Margerie liquefied natural gas (LNG) tanker is due to arrive at Britain's Milford Haven termin

Published 09 Jan, 2018 08:26pm

Energy

Oil rises above $68 to highest since May 2015 on tighter market

LONDON: Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led produ

Published 09 Jan, 2018 08:22pm

Energy

Urals diffs rise in NWE, Med as Jan supply tighten

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and the Mediterranean were seen stronger on Tuesday

Published 09 Jan, 2018 07:54pm

Energy

CPC consortium says exported 55.1mn T of oil in 2017

MOSCOW: Oil exports via the Caspian Pipeline Consortium hit a record high of 55.1 million tonnes in 2017, the group said

Published 09 Jan, 2018 07:29pm

Energy

West Africa Crude-Spot trading limited by slew of tenders

LONDON: Spot dealing was limited by pending tenders, though one European refinery purchased a cargo of Nigerian oil.

Published 09 Jan, 2018 07:09pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher, exports support

LONDON: Gasoline refining margins in northwest Europe edged higher on Monday, supported by continued demand from the Mi

Published 08 Jan, 2018 08:46pm

Energy

Europe Distillates-Cracks slide as barge traffic interrupted

LONDON: Benchmark diesel refining margins in northwest Europe dropped on Monday as interruptions of barge traffic along

Published 08 Jan, 2018 08:46pm

Energy

LNG-Spot prices rise as cold weather strikes, India buys

LONDON: Asian spot LNG prices rose to highs not seen since November 2014 on strong demand as a cold snap stimulated cons

Published 05 Jan, 2018 07:27pm

Energy

Europe Gasoline/Naphtha-Cracks end week lower after stock builds

LONDON: Gasoline refining margins in northwest Europe ended the week 13 percent lower following large builds in US inven

Published 05 Jan, 2018 07:21pm

Energy

Crude-Urals falls in north amid Forties return

LONDON: Russian Urals crude differentials fell in the Baltic on Friday after a brief upswing, as the return of North Sea

Published 05 Jan, 2018 05:34pm

Energy

Kazakh CPC Blend crude loadings near record high in Jan

LONDON: January loadings of Kazakh CPC Blend crude oil have been revised slightly higher in the final programme seen by

Published 05 Jan, 2018 05:14pm

Energy

ARA gasoil stocks rise on lower inland demand

LONDON: Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) storage and refining hub rose

Published 04 Jan, 2018 08:59pm

Energy

North Sea crude output to hit near 3-1/2 year low in Feb

LONDON: North Sea oil output in February is expected to fall to its lowest level since September 2014 after the two-week

Published 04 Jan, 2018 07:22pm

Energy

Oil hits highest since 2015 as Iran unrest spooks market

LONDON: Oil rose above $68 a barrel to its highest since May 2015 on Thursday after unrest in Iran raised concerns about

Published 04 Jan, 2018 07:21pm

Energy

Oil hits highest since mid-2015, then dips on output restarts

LONDON: Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the U

Published 03 Jan, 2018 03:37am

Energy

GLOBAL LNG-Spot prices steady above 3-year highs as cold spurs buying

LONDON: Asian spot LNG prices held above three-year highs on Tuesday as cold temperatures across Japan and continued str

Published 02 Jan, 2018 03:29pm

Energy

Oil trades above $65 on Libyan pipeline blast, Forties restart weighs

LONDON: Oil traded above $65 a barrel on Tuesday, within sight of its highest since mid-2015, supported by an explosion

Published 26 Dec, 2017 04:08pm

Energy

Oil slips towards $65 as Forties pipeline moves closer to restart

LONDON: Oil edged lower towards $65 a barrel on Tuesday, but remained within sight of its highest level since mid-20

Published 26 Dec, 2017 10:29am

Energy

Asian LNG spot prices jump on Chinese, Japanese demand

LONDON: Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan.

Published 22 Dec, 2017 10:18pm

Energy

Oil inches higher ahead of Christmas holiday weekend

LONDON/NEW YORK: Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges f

Published 22 Dec, 2017 08:49pm

Energy

Shell to buy British retail energy supplier First Utility

LONDON: Royal Dutch Shell has agreed to buy British household energy and broadband provider First Utility, stepping up c

Published 21 Dec, 2017 10:16pm

Energy

Med Crude-Urals diffs up in Baltic as supplies seen tight in Jan

MOSCOW: Urals crude differentials in northwest Europe firmed on Thursday in Surgutneftegaz's tender for January cargoes

Published 21 Dec, 2017 09:24pm

Energy

Europe Gasoline/Naphtha-Gasoline, naphtha margins firm

LONDON: Gasoline and naphtha refining margins in northwest Europe rose on Thursday on the back of west African demand, m

Published 21 Dec, 2017 09:10pm

Energy

Oil falls as UK North Sea oil pipeline moves closer to restart

LONDON: Oil prices fell on Thursday after the operator of Britain's Forties pipeline in the North Sea said it was ex

Published 21 Dec, 2017 10:24am

Energy

Europe Gasoline/Naphtha-Margins flat as US stocks rise

LONDON: Gasoline refining margins in northwest Europe were flat on Wednesday, as US inventories rose, putting a further

Published 20 Dec, 2017 11:44pm

Energy

Med Crude-Urals diffs unchanged, Baltic supplies on Jan 1-15 to fall

MOSCOW: Urals crude differentials were stable on Wednesday ahead of Russia's Surgut tender to sell Baltic barrels, while

Published 20 Dec, 2017 09:39pm

Energy

West Africa Crude-Angolan February cargo offers steady

LONDON: Angolan crude was offered at steady levels on Wednesday while Nigerian crude was on sale at slightly lower than

Published 20 Dec, 2017 09:17pm

Energy

Oil rises on UK pipeline outage but US supply caps gains

LONDON: Oil edged up towards $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and ji

Published 19 Dec, 2017 10:31pm

Energy

Europe Gasoline/Naphtha-Margins edge higher on firm export demand

LONDON: Gasoline refining margins in northwest Europe firmed slightly on Tuesday, buoyed by strong Nigerian demand and a

Published 19 Dec, 2017 08:48pm

Energy

North Sea Crude-Brent Blend differential edges down

LONDON: The differential for Brent Blend edged lower on Tuesday despite the Forties pipeline outage while Gunvor returne

Published 19 Dec, 2017 08:32pm

Energy

Med Crude-Urals diffs down in NWE before holiday as trade shifts to Jan

MOSCOW: Urals crude differentials in northwest Europe slipped from multi-year highs on Tuesday as the trading cycle roll

Published 19 Dec, 2017 08:28pm

Energy

West Africa Crude-February allocations trickle out, spot trade slow

LONDON: Spot trade was limited on Tuesday with several tenders due to close and February allocations still coming out fo

Published 19 Dec, 2017 08:26pm

Energy

French to ban oil, gas production by 2040

PARIS: France's parliament on Tuesday passed into law a ban on producing oil and gas by 2040, a largely symbolic gesture

Published 19 Dec, 2017 08:06pm

Energy

North Sea Crude-Forties slips as traders offer late-Dec cargoes

LONDON: Traders in the North Sea physical market offered cargoes of Forties crude for loading in just under two weeks' t

Published 18 Dec, 2017 11:20pm

Energy

North Sea Crude-Forties offered for January, loading despite shutdown

LONDON: North Sea Forties crude was offered on Friday for early January loading in a sign that market participants belie

Published 15 Dec, 2017 10:17pm

Energy

Med Crude-Urals steady as traders digest loading plan, Russia's export schedule

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean were stable on Friday, as traders digested a

Published 15 Dec, 2017 10:16pm

Energy

Europe Gasoline/Naphtha-Cracks end week higher on refinery outages

LONDON: Gasoline refining margins in northwest Europe ended the week 1.5 percent higher, supported by refinery outages w

Published 15 Dec, 2017 10:14pm

Energy

Europe Distillates-Cracks edge up amid good demand, slipping stocks

LONDON: Diesel refining margins in northwest Europe edged higher, after two days of sharp losses, as decent winter heati

Published 15 Dec, 2017 10:14pm

Energy

Brent eases as traders become sanguine about pipeline outage

LONDON: Brent futures for delivery in the first months of next year have given up much of their premium since the announ

Published 14 Dec, 2017 09:35pm

Energy

North Sea Crude-No Forties traded amid shutdown, loading delays

LONDON: North Sea Ekofisk crude differentials eased on Thursday while there was no trading of Forties, production of whi

Published 14 Dec, 2017 09:08pm

Energy

Med Crude-Urals stays firm as loading plan for early Jan looms

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean kept stable on Thursday, as traders expect T

Published 14 Dec, 2017 09:07pm

Energy

Europe Gasoline/Naphtha-Cracks drop after large US stocks build

LONDON: Gasoline refining margins in northwest Europe fell further on Thursday on limited US demand, due to high stocks,

Published 14 Dec, 2017 09:06pm

Energy

West Africa Crude-Vitol wins IOC, other trading quiet

LONDON: Vitol has won a tender to supply India's IOC with crude oil, but other trading was limited on Thursday as differ

Published 14 Dec, 2017 08:57pm

Energy

North Sea pipeline operator may halt deliveries

LONDON: The operator of a North Sea pipeline said Thursday it might not be able to make deliveries as repairs to a crack

Published 14 Dec, 2017 07:31pm

Energy

IEA sees oil market balancing out later in 2018

PARIS: The International Energy Agency said Thursday that the global oil supply could grow faster than demand in the

Published 14 Dec, 2017 12:42pm

Energy

West Africa Crude-Diffs supported even as BPCL opts for non-WAF crude

LONDON: Angolan crude prices were well-supported by eastern demand on Wednesday, while some Nigerian grades were also tr

Published 13 Dec, 2017 11:27pm

Energy

Private oil companies to invest up to $4.9bn in Colombia in 2018

BOGOTA: Private oil companies in Colombia will invest between $4.5 billion and $4.9 billion next year, an increase over

Published 13 Dec, 2017 11:22pm

Energy

Oil down after Forties outage price surge

LONDON: Brent oil fell on Wednesday as investors continued to sell off their positions following the shutdown of the maj

Published 13 Dec, 2017 11:15pm

Energy

OPEC, allies look at plans for prolonged oil supply restraint

LONDON: OPEC and allied producers are looking at a "continuity strategy" for oil supply management, OPEC's secretary gen

Published 13 Dec, 2017 11:04pm

Energy

Forties crude for loading in early January changes hands

LONDON: A cargo of Forties crude oil due to load in early January changed hands in daily trading on the physical market,

Published 13 Dec, 2017 10:41pm

Energy

European shares slip; Italian stocks fall on political uncertainty

MILAN/LONDON: Political jitters hit Italian stocks on Wednesday and the broader European market slipped lower before a F

Published 13 Dec, 2017 10:38pm

Energy

Europe Distillates-Cracks slide as some refineries restart

LONDON: Diesel refining margins in northwest Europe fell sharply on Wednesday as refineries that were experiencing shutd

Published 13 Dec, 2017 10:34pm

Energy

Med crude-Urals diffs test new four-year highs in wake of Forties outage

MOSCOW: Urals differentials in northwest Europe hit fresh four-year highs on Wednesday due to the Forties pipeline outag

Published 13 Dec, 2017 10:22pm

Energy

Yamal's fourth LNG train needs 24-25bn rbls investment

MOSCOW: Russia's Novatek sees investments into the fourth liquefied natural gas (LNG) train at its Yamal LNG project at

Published 12 Dec, 2017 10:42pm

Energy

North Sea Crude-Brent diffs hit two-week highs, Forties supply dries up

LONDON: North Sea Brent crude differentials rose to their highest in two weeks on Tuesday, after the closure of the Fort

Published 12 Dec, 2017 10:33pm

Energy

Gasoline tankers face delays, diversions as Europe's exports slow

LONDON: Gasoline tankers are taking longer than usual to discharge in Amsterdam and at least one was diverted from the n

Published 12 Dec, 2017 10:30pm

Energy

IEA says monitoring Forties crude pipeline outage, sees no need to act yet

LONDON: The International Energy Agency said it is monitoring the closure of the Forties crude pipeline that has sent oi

Published 12 Dec, 2017 10:29pm

Energy

Europe Distillates-Cracks regain ground on refinery outages

LONDON: Diesel refining margins in northwest Europe clawed back the previous day's losses as several refinery outages un

Published 12 Dec, 2017 10:28pm

Energy

Oil tops $65, first time since 2015, on UK pipeline outage

LONDON: Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday following a shutdown of the UK's bigges

Published 12 Dec, 2017 10:26pm

Energy

Sudan seeks up to $200mn prefinancing to fund oil development

LONDON: Sudan's oil ministry is trying to raise as much as $200 million in prefinancing, including from crude traders, t

Published 12 Dec, 2017 09:45pm

Energy

West Africa Crude-Differentials underpinned by Forties outage

LONDON: Differentials for West African grades were stable to firmer, traders said, after a North Sea Forties crude pipel

Published 12 Dec, 2017 09:36pm

Energy

Med Crude-Urals hit 4-year high in NWE on fears of limited January supplies

MOSCOW: Urals crude differentials in northwest Europe rose to the highest level since August 2013 in response to concern

Published 12 Dec, 2017 09:31pm

Energy

Oman LNG to close tender for Jan cargo sale on Monday

LONDON: Oman Liquefied Natural Gas (LNG) launched a tender on Sunday to sell a cargo loading in Jan. 13-14 which closed

Published 11 Dec, 2017 11:08pm

Energy

Oil gains as New York blast turns focus to political risk

LONDON: Oil prices edged higher on Monday, reversing earlier losses, after an explosion in New York refocused the market

Published 11 Dec, 2017 11:03pm

Energy

Forties crude oil pipeline in process of shutting down for repairs

LONDON: The pipeline that carries the largest North Sea crude oil grade is in the process of shutting down for repairs f

Published 11 Dec, 2017 10:59pm

Energy

Europe Gasoline/Naphtha-Cracks lower on slower exports

LONDON: Gasoline refining margins edged lower on Monday as overseas demand slowed. Overseas demand has significantly

Published 11 Dec, 2017 10:58pm

Energy

CPC Blend crude oil exports seen rising to 5.22mn T in January

MOSCOW: CPC Blend crude oil exports from the Black Sea terminal of Yuzhnaya Ozereyevka are seen rising to 5.22 million t

Published 11 Dec, 2017 10:56pm

Energy

North Sea Crude-Forties differentials hit four-month high after pipeline shut

LONDON: North Sea Forties crude oil was bid for on Monday at its highest level since September after the pipeline that c

Published 11 Dec, 2017 09:09pm

Energy

Russia's Yamal LNG to ship three cargoes by year-end

SABETTA: Russia's new Yamal LNG plant will ship three gas cargoes by the end of 2017 and start selling fuel under long-t

Published 09 Dec, 2017 12:20am

Energy

North Sea Crude-Forties edges higher, pipeline ramps up

LONDON: The differential for Forties edged higher on Friday amid light activity and following the minor reduction in flo

Published 08 Dec, 2017 11:17pm

Energy

Med crude-Urals diffs firm slightly in northwest Europe

MOSCOW: Urals differentials were up slightly in the Baltic on Friday as December-loading cargoes remained in demand due

Published 08 Dec, 2017 11:09pm

Energy

Europe Gasoline/Naphtha-Margins edge higher, high stocks weigh

LONDON: Northwest European gasoline refining edged higher on Friday, boosted by firmer US values, but high supplies on b

Published 08 Dec, 2017 10:45pm

Energy

Oil edges up on Chinese demand, but weekly losses loom

LONDON: Oil prices edged up on Friday, helped by rising Chinese crude demand and threats of a strike in Africa's largest

Published 08 Dec, 2017 10:19pm

Energy

Total says work on 200,000 bpd Nigerian oilfield will be complete in Q4 2018

LONDON: Oil major Total said it expects work on a major oilfield offshore Nigeria to conclude in the fourth quarter of n

Published 08 Dec, 2017 09:39pm

Energy

Italy's Eni targets plastics purchase in strategy shift

MILAN: Energy firm Eni aims to express an interest in bidding for an Italian bioplastics business in a move that underli

Published 08 Dec, 2017 09:36pm

Energy

West Africa Crude-Angolan offers steady, Nigerian strike threat eyed

LONDON: Offer levels for Angolan crude were steady on Friday and traders said Nigerian crude supply was ample, although

Published 08 Dec, 2017 09:16pm

Energy

West Africa Crude-Spot trade returns, Pertamina tender result awaited

LONDON: Some spot activity returned to the market on Thursday mopping up a few more January loading cargoes while India'

Published 07 Dec, 2017 10:18pm

Energy

Premium deals in China and Japan sends prices above $10

LONDON: Asian liquefied natural gas (LNG) spot prices rose above $10 per million British thermal units (mmBtu) on Thursd

Published 07 Dec, 2017 10:10pm

Energy

Oil slips towards $62 in post-OPEC profit taking, US stocks in view

LONDON: Oil slipped towards $62 a barrel on Tuesday as investors took profits in the wake of OPEC and other producers' p

Published 05 Dec, 2017 08:17pm

Energy

OPEC oil output falls in November to lowest since May

LONDON: OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey foun

Published 04 Dec, 2017 09:02pm

Energy

West Africa Crude-Spot trade quiet, but demand firm for Angolan

LONDON: Spot trading was quiet, but Asian demand continued to clear Angolan loadings. Chevron sold its cargo of Agbam

Published 04 Dec, 2017 08:58pm

Energy

Med Crude-Urals diffs rise in NWE, stable in Med

MOSCOW: Urals crude differentials in northwest Europe rose on Monday on limited availability of the grade in December, w

Published 04 Dec, 2017 08:54pm

Energy

Oil falls after US drilling picks up

LONDON: Oil fell on Monday after US shale drillers last week added more rigs but prices still held close to their highes

Published 04 Dec, 2017 08:18pm

Energy

Total to supply LNG fuel for CMA CGM's future container ships

PARIS: Total will supply liquefied natural gas (LNG) to CMA CGM to fuel the container shipping group's future very large

Published 04 Dec, 2017 07:42pm

Energy

Oil producers to maintain squeeze despite Russia concerns

VIENNA: Oil producer nations looked set Thursday to keep a lid on output in an attempt to push crude prices higher,

Published 30 Nov, 2017 12:40pm

Energy

OPEC heading for oil cut extension with a caveat

VIENNA: OPEC and Russia are heading towards prolonging their oil supply cuts for the whole of 2018 but with an option to

Published 28 Nov, 2017 07:26pm

Energy

Europe Gasoline/Naphtha-Margins slip despite eastern export pull

LONDON: Northwest European gasoline refining margins slipped again on Tuesday despite good export demand to the Middle E

Published 28 Nov, 2017 06:39pm

Energy

Oil falls on US drilling but OPEC cuts support market

LONDON: Oil prices fell on Monday, with US crude easing from two-year highs on prospects of higher output, but losses we

Published 27 Nov, 2017 08:41pm

Energy

Exxon joins European oil firms in initiative to limit emissions

LONDON: Exxon Mobil joined European peers including Royal Dutch Shell and Total in a new initiative to find ways to redu

Published 24 Nov, 2017 01:17am

Energy

BW LPG sees better market sentiment for 2018 vs 2017

OSLO: Natural gas shipper BW LPG expects a better freight market in 2018 than in 2017 and will not make any new long ter

Published 24 Nov, 2017 12:42am

Energy

Enel to invest $700mn to build 4 wind farms in Mexico

MILAN: Italy's biggest utility Enel said on Thursday it would spend around $700 million euros to build four wind farms i

Published 24 Nov, 2017 12:06am

Energy

India's Bharat Petroleum launches two new LNG tenders for supply-trade sources

LONDON: India's Bharat Petroleum launched a tender seeking a spot liquefied natural gas (LNG) cargo for delivery in Janu

Published 23 Nov, 2017 10:28pm

Energy

Oil prices ease on rising output from US producers

LONDON: Oil slipped on Thursday on concerns that rising US output would hamper OPEC's attempts to tighten supplies, outw

Published 23 Nov, 2017 10:02pm

Energy

Traders mop up fuel cargoes before refinery repair crunch

LONDON: Traders are chasing gasoline and diesel cargoes and drawing volumes away from Europe to prepare for a particular

Published 23 Nov, 2017 08:49pm

Energy

North Sea Crude-Forties edge towards two-week highs

LONDON: Forties broke into positive territory for the first time in nearly two weeks on Thursday, supported by a widenin

Published 23 Nov, 2017 08:46pm

Energy

Indonesia's Bontang LNG export plant suffers output curbs

LONDON: Indonesia's giant Bontang liquefied natural gas (LNG) export facility is experiencing production problems that c

Published 23 Nov, 2017 08:29pm

Energy

US oil prices ease from two-year highs on oversupply worries

LONDON: US oil prices eased back from a two-year high on Thursday, as concerns about oversupply outweighed the impact of

Published 23 Nov, 2017 08:20pm

Energy

North Sea Crude-Brent Blend diff falls, Forties stable

LONDON: Forties was offered at a discount for prompt loading on Wednesday while cargoes further out were at or above ben

Published 23 Nov, 2017 12:00am

Energy

Oil jumps, US light crude at 2-1/2-year high on Canada pipeline woe

LONDON: Oil prices spiked on Wednesday with US light crude hitting highs not seen since July 2015 after faults on a majo

Published 22 Nov, 2017 09:46pm

Energy

Russia's Gazprom says resumes gas flows to Azerbaijan

MOSCOW: Russian gas giant Gazprom said on Wednesday it had resumed natural gas supplies to Azerbaijan. Supplies shoul

Published 22 Nov, 2017 09:00pm

Energy

US crude extends rally to $58, first time since 2015

LONDON: Oil extended gains on Wednesday, with US crude hitting $58 a barrel for the first time since July 2015 as a majo

Published 22 Nov, 2017 08:46pm

Energy

Oil rises, but capped as caution sets in ahead of OPEC meeting

LONDON: Oil rose on Tuesday, supported by expectations of an extension next week to OPEC output cuts, but prices remaine

Published 21 Nov, 2017 09:44pm

Energy

Oil rises ahead of OPEC meeting as further output cuts expected

LONDON: Oil prices rose on Tuesday as traders looked to a meeting next week at which major crude exporters are expec

Published 21 Nov, 2017 10:07am

Energy

Iraq's southern oil exports rise to near record in Nov

LONDON: Oil exports from southern Iraq have risen by 150,000 barrels per day (bpd) this month to close to a record high,

Published 21 Nov, 2017 01:32am

Energy

Oil prices stall as record bullish position makes funds wary

LONDON: Hedge funds increased their bullish position in petroleum futures and options to a new record last week, but the

Published 20 Nov, 2017 10:48pm

Energy

Oil eases as traders and investors grow edgy ahead of OPEC

LONDON: Oil eased on Monday, as traders were wary of betting too heavily on which way prices might move ahead of an OPEC

Published 20 Nov, 2017 10:47pm

Energy

Med Crude-Urals diffs ease in NWE ahead of Surgut tender

MOSCOW: Urals crude differentials in northwest Europe eased slightly on Monday ahead of Russia's Surgut sell tender.

Published 20 Nov, 2017 10:40pm

Energy

Europe Gasoline/Naphtha-Margins pick up after last week's losses

LONDON: Gasoline refining margins in northwest Europe regained some ground on Monday after dropping by more than 4 perce

Published 20 Nov, 2017 10:23pm

Energy

Shell's long-standing head of crude trading Muller quits

LONDON: Royal Dutch Shell's head of crude oil trading Mike Muller, has stepped down after 29 years with the company, an

Published 18 Nov, 2017 12:29am

Energy

Statoil to step up exploration off Norway's coast in 2018

OSLO: Norway's Statoil will ramp up its search for oil and gas deposits on the Norwegian continental shelf next year, th

Published 17 Nov, 2017 10:15pm

Energy

Oil climbs, but still set for first weekly fall in six

LONDON: Oil prices climbed on Friday but were still heading for their first week of losses in six, weighed down by Russi

Published 17 Nov, 2017 03:36pm

Energy

Europe Gasoline/Naphtha-Margins slide, stocks edge higher

LONDON: Gasoline refining margins in northwest Europe slipped again on Thursday as high stocks and low US demand offset

Published 16 Nov, 2017 07:59pm

Energy

North Sea Crude-Diffs ease, contango may lure barrels for storage

LONDON: North Sea crude oil differentials eased on Thursday, as a flurry of offers of December-loading Forties cargoes m

Published 16 Nov, 2017 07:47pm

Energy

West Africa Crude-Angolan programme awaited, Famfa Oil issues tender

LONDON: Several buy tenders helped mop up some December loading Nigerian crude on Wednesday, while there was still no si

Published 16 Nov, 2017 01:30am

Energy

Oil explorer Finder seeks $150mn for Australia drilling

LONDON: Australia-focused oil and gas explorer Finder Exploration is seeking to raise $150 million for the drilling of f

Published 16 Nov, 2017 12:35am

Energy

Europe Gasoline/Naphtha-Cracks tumble after rise in US stocks

LONDON: Gasoline refining margins in northwest Europe declined on Wednesday after a surprise rise in US inventories.

Published 15 Nov, 2017 09:39pm

Energy

North Sea Crude-Forties slides, first STS offers in two months emerge

LONDON: North Sea Forties crude differentials fell on Wednesday, as a shift in the forward market back into contango saw

Published 15 Nov, 2017 09:38pm

Energy

Oil prices slide after IEA casts doubt over demand outlook

LONDON: Oil prices fell for a fourth session on Wednesday, weighed down by worries that data would show US crude invento

Published 15 Nov, 2017 09:35pm

Energy

Russian oil export duty seen rising to $105/T in December

MOSCOW: Russia's oil export duty is expected to rise to $105 per tonne in December from $96.1 per tonne in November, dat

Published 15 Nov, 2017 09:25pm

Energy

Russia's Rosneft says to invest over $2bn in Egypt's Zohr in 2018-2021

MOSCOW: Russia's largest oil producer Rosneft will invest more than $2 billion in Egypt's Zohr gas field in the next fou

Published 15 Nov, 2017 04:20am

Energy

Some spot cargoes clear, Angolan programme awaited

LONDON: A few Nigerian and Angolan cargoes traded on Tuesday, traders said, but there is likely still to be a substantia

Published 14 Nov, 2017 09:10pm

Energy

Total chief says would have to review Iran gas deal if new sanctions arose

PARIS: French oil and gas major Total would have to review its Iran gas project if the United States decided to impose u

Published 14 Nov, 2017 09:09pm

Energy

Oil steady, tempered by caution over rising US output

LONDON: Oil prices held largely steady on Tuesday as the prospect of further rises in US output offset some of the optim

Published 14 Nov, 2017 08:53pm

Energy

North Sea Crude-Forties stays at discount, Asia demand doubts weigh

LONDON: North Sea Forties crude differentials stayed at a discount to benchmark dated Brent on Tuesday, pressured by exp

Published 14 Nov, 2017 08:52pm

Energy

Europe Gasoline/Naphtha-Cracks weaken, overseas demand supports

LONDON: Gasoline refining margins in northwest Europe declined sharply on Tuesday amid a selloff in oil futures, althoug

Published 14 Nov, 2017 08:28pm

Energy

Europe Distillates-Diesel margins slip on eastern imports

LONDON: Diesel refining margins in northwest Europe fell by nearly 3 percent on Tuesday as the market braced for imports

Published 14 Nov, 2017 07:15pm

Energy

Abu Dhabi's LNG facility offers December cargo-traders

LONDON: Abu Dhabi Gas Liquefaction Co (Adgas) is offering to sell a liquefied natural gas (LNG) cargo loading in late De

Published 14 Nov, 2017 07:02pm

Energy

IEA cuts oil demand forecast

PARIS: The International Energy Agency (IEA) cut its forecast for oil demand growth on Tuesday, saying recovering oil pr

Published 14 Nov, 2017 01:23pm

Energy

Norway's gas output to drop 7.2 mcm Nov 14, 6.0 mcm/day Nov 15-18

OSLO: Norway's natural gas output will decline by 7.2 million cubic meters (mcm) on Nov. 14 and by 6.0 mcm per day from

Published 09 Nov, 2017 07:34pm

Energy

Oil prices stabilise just below two-year highs

LONDON: Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by OPEC and other major

Published 09 Nov, 2017 09:53am

Energy

Norway expects 5-10 new oil, gas field development plans in 2018

OSLO: Oil firms will probably file between five and ten applications to develop new oil and gas fields off Norway in 201

Published 08 Nov, 2017 10:15pm

Energy

Italy's OLT LNG terminal seeks December cargo-document

LONDON: Italy's OLT liquefied natural gas (LNG) import terminal moored off the Tuscan coast is seeking a cargo for deliv

Published 08 Nov, 2017 08:59pm

Energy

West Africa Crude-Angolan trades weaker, Nigerian steady

LONDON: A cargo of Angolan Olombendo crude traded on Wednesday after a lower offer, while other offers of Angolan crude

Published 08 Nov, 2017 06:55pm

Energy

Oil steadies as Middle East tensions offset concern over China demand

LONDON: Oil eased slightly on Wednesday as Chinese crude imports fell to a one-year low, but losses were partly offset b

Published 08 Nov, 2017 02:50pm

Energy

Europe Gasoline/Naphtha-Cracks jump on export demand

LONDON: Gasoline refining margins in northwest Europe rose sharply on Tuesday, boosted by firm export demand from the Mi

Published 07 Nov, 2017 10:00pm

Energy

North Sea Crude-Diffs edge higher amid bid flurry

LONDON: North Sea crude differentials edged higher on Tuesday as bidding for November-loading cargoes of Brent and Forti

Published 07 Nov, 2017 09:40pm

Energy

Cars to drive oil demand growth: OPEC

PARIS: The outlook looks bright for oil-producing nations and carmakers, OPEC said Tuesday, as the cartel expects a surg

Published 07 Nov, 2017 05:54pm

Energy

CMA CGM chooses LNG as fuel for big ship order

PARIS: Container shipping group CMA CGM said on Tuesday that it had decided to use liquified natural gas (LNG) to power

Published 07 Nov, 2017 03:23pm

Energy

BP joins Shell in helping Mexico execute oil hedge

LONDON: BP helped Mexico execute its 2018 oil hedge, the biggest in the industry, becoming the second major after Shell

Published 07 Nov, 2017 02:15pm

Energy

Oil eases but Saudi tensions keep 2-1/2 year highs in sight

LONDON: Oil eased on Tuesday, after having posted its largest gain in six weeks the previous day, while tension flared b

Published 07 Nov, 2017 01:48pm

Energy

UK GAS-Prices rise on higher demand

LONDON: British wholesale gas prices rose on Monday morning due to higher consumption. The within-day gas price rose by

Published 06 Nov, 2017 05:40pm

Energy

Poland's PGNiG Q3 net profit seen 25pc up y/y

WARSAW: Poland's gas company PGNiG is forecast to report a 25-percent growth in its third-quarter net profit on the back

Published 06 Nov, 2017 05:35pm

Energy

Oil options signal Brent bulls are not having it all their own way

LONDON: Brent crude options show the market still has to win over the die-hard sceptics, even as investors are betting m

Published 06 Nov, 2017 05:33pm

Energy

Oil rises to highest since mid-2015 on Saudi purge, tighter markets

LONDON: Oil prices hit their highest since July 2015 on Monday as Saudi Arabia's crown prince cemented his power over th

Published 06 Nov, 2017 02:03pm

Energy

France's Total opens Washington office as Iran risks loom

LONDON: Total has opened an office in Washington in a bid to strengthen relations with the US administration as the Fren

Published 03 Nov, 2017 03:54pm

Energy

Oil near two-year high as tightening market attracts buyers

AMSTERDAM: Oil prices rose on Friday, nearing their highest levels in more than two years, with buyers attracted by expe

Published 03 Nov, 2017 03:43pm

Energy

Shell may reconsider dual listing if Netherlands scraps dividend tax

AMSTERDAM: Royal Dutch Shell could reconsider its dual London-Amsterdam listing if the Dutch government goes ahead with

Published 02 Nov, 2017 05:55pm

Energy

West Africa Crude-Sonangol sells 2 cargoes, Nigerian steady to firmer

LONDON: Angolan state oil company Sonangol sold two December-loading Angolan cargoes on Thursday, traders said, while Ni

Published 02 Nov, 2017 05:24pm

Energy

Russian oil output edges up to 10.93mn bpd

MOSCOW: Russian oil production rose slightly in October, to 10.93 million barrels per day (bpd) from a year-high of 10.9

Published 01 Nov, 2017 01:32am

Energy

OPEC oil output falls in October led by drop in Iraqi exports

LONDON: OPEC oil output fell this month by 80,000 barrels per day (bpd), a Reuters survey found, as exports from norther

Published 31 Oct, 2017 11:26pm

Energy

Oil prices near two-year highs as supply cuts bite

LONDON: Oil prices eased on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullis

Published 31 Oct, 2017 09:39am

Energy

Brent crude tries new trading range as funds stay bullish: Kemp

LONDON: Hedge funds have added to bullish positions in oil and most refined products even as prices hit their highest si

Published 30 Oct, 2017 07:33pm

Energy

Four charts to please OPEC as Brent crude breaks $60 a barrel

LONDON: Brent crude oil has surpassed the $60-a-barrel threshold for the first time since mid-2015, buoyed by the prospe

Published 30 Oct, 2017 07:25pm

Energy

Supply of North Sea Forties crude to ease in December

LONDON: Supply of Forties, the largest North Sea crude oil stream, will fall to 406,000 barrels per day (bpd) in Decembe

Published 30 Oct, 2017 07:09pm

Energy

LNG-Russian tender award stokes fresh Asian price rally

LONDON: Asian spot liquefied natural gas (LNG) prices rose this week after a tender award from a Russian export plant se

Published 27 Oct, 2017 06:09pm

Energy

Oil slips on higher US crude inventories, production

LONDON: Oil slipped on Thursday, pressured by an unexpected increase in US crude inventories, high US production and exp

Published 27 Oct, 2017 12:00am

Energy

Europe Gasoline/Naphtha-Cracks gain on big US stock draw

LONDON: Gasoline refining margins in northwest Europe rose sharply on Wednesday after a larger than expected draw in US

Published 25 Oct, 2017 07:14pm

Energy

Europe Distillates-Cracks slide to 2-month low on higher imports

LONDON: Diesel refining margins in northwest Europe fell on Tuesday to their lowest in two months on expectations of ris

Published 24 Oct, 2017 08:53pm

Energy

West Africa Crude-Spot trade muted amid tenders

LONDON: Spot trade was muted on Tuesday due to competition from alternative light sweet crude grades, including from the

Published 24 Oct, 2017 08:41pm

Energy

UK's South Hook LNG terminal not had outage on Monday-operator

LONDON: Britain's South Hook liquefied natural gas (LNG) terminal has not experienced an unplanned outage on Monday, its

Published 23 Oct, 2017 09:08pm

Energy

Oil holds gains, supported by Iraq disruptions and drop in US rigs

AMSTERDAM: Oil prices held on to last week's gains on Monday, supported by supply disruptions in Iraq and a drop in US d

Published 23 Oct, 2017 06:30pm

Energy

Europe Gasoline/Naphtha-Cracks jump on rising exports

LONDON: Gasoline refining margins in northwest Europe rose sharply on Monday as exports picked up, particularly to the M

Published 23 Oct, 2017 05:16pm

Energy

Europe Distillates-Cracks weaken as imports rise

LONDON: Diesel refining margins in northwest Europe weakened on Monday as supplies in the region were expected to rise i

Published 23 Oct, 2017 05:15pm

Energy

Iraq's Kurdistan oil exports still sharply reduced

LONDON: Oil exports from Iraq's Kurdistan via the Turkish Mediterranean port of Ceyhan were still flowing at sharply red

Published 22 Oct, 2017 07:04pm

Energy

Shell lifts force majeure on Nigerian Bonny Light crude exports

LONDON: Royal Dutch Shell's subsidiary in Nigeria, SPDC, lifted force majeure on Bonny Light crude oil exports at noon l

Published 20 Oct, 2017 12:10am

Energy

Oil slips but holds most recent gains on expected OPEC cuts

LONDON: Oil prices slipped on Thursday but held on to most recent gains, supported by OPEC-led supply cuts, tension in t

Published 19 Oct, 2017 10:55pm

Energy

OPEC seeking consensus on oil supply cut extension before meeting

LONDON: Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC's secretary genera

Published 19 Oct, 2017 08:55pm

Energy

ARA fuel oil stocks down on exports to Singapore

LONDON: Fuel oil stocks held in independent storage tanks at the Amsterdam-Rotterdam-Antwerp storage and refining hub fe

Published 19 Oct, 2017 04:02pm

Energy

West Africa Crude-Nigerian slips, December programmes start to emerge

LONDON: Nigerian crude differentials looked to be weakening on Wednesday, pressured by ample competing supplies and the

Published 18 Oct, 2017 04:32pm

Energy

Europe Gasoline/Naphtha-Eastern demand pulls gasoline, naphtha cargoes

LONDON: Gasoline refining margins edged slightly higher in northwest Europe on Wednesday as demand in Asia and the Middl

Published 18 Oct, 2017 04:17pm

Energy

Oil rises on expected fall in US inventories, geopolitical tensions

AMSTERDAM: Brent oil prices rose to a three-week high on Wednesday as weekly US crude inventories are expected to have f

Published 18 Oct, 2017 03:32pm

Energy

Statoil launches world's 1st floating wind farm, aims to cut costs

OSLO/LONDON: Norway's Statoil expects floating wind power costs to fall to 40-60 euros per megawatt-hour (MWh) by 2030,

Published 18 Oct, 2017 03:15pm

Energy

Fuel security and power generation in the United States: Kemp

LONDON: "The resiliency of the nation's electric grid is threatened by the premature retirements of power plants that ca

Published 17 Oct, 2017 09:14pm

Energy

West Africa Crude-Repaired pipeline set to boost Nigerian exports

LONDON: Nigerian crude exports looked set for a boost on Tuesday after repairs to a key pipeline were completed, while t

Published 17 Oct, 2017 09:13pm

Energy

Med Crude-Urals weaker in Mediterranean, CPC Blend steady

LONDON: The differential for Russian Urals edged lower in the Mediterranean on Tuesday on the expectation of larger supp

Published 17 Oct, 2017 09:06pm

Energy

Oil holds gains as Iraq, US-Iran tension raises risks

LONDON: Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces th

Published 17 Oct, 2017 10:15am

Energy

China crude oil storage splurge is OPEC's best friend: Russell

LAUNCESTON: China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supe

Published 16 Oct, 2017 08:15pm

Energy

Oil jumps as fighting in Iraq's oil-rich Kirkuk shuts output

LONDON: Oil markets jumped on Monday as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fight

Published 16 Oct, 2017 07:36pm

Energy

North Sea Crude-Diffs unchanged in limited trade

LONDON: North Sea crude differentials were unchanged on Friday after falling to levels not seen since late June, on weak

Published 13 Oct, 2017 05:40pm

Energy

Oil rallies on Chinese import boost and Mideast tensions

LONDON: Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Br

Published 13 Oct, 2017 02:04pm

Energy

OPEC again raises demand forecast for its oil, points to 2018 deficit

LONDON: OPEC forecast higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival pro

Published 11 Oct, 2017 10:32pm

Energy

Oil rises on tighter market, but doubts swirl on sustainability

LONDON: Oil prices edged higher for a third day on Wednesday as OPEC said the market was gradually tightening after year

Published 11 Oct, 2017 10:30pm

Energy

Libya's 1.25 million bpd oil output goal by end-2017 ‘very difficult’

LONDON: Libya's goal of boosting oil production to 1.25 million barrels a day by year-end will be very difficult to achi

Published 11 Oct, 2017 09:03pm

Energy

Oil glut going but growth not over a barrel: OPEC

PARIS: The OPEC oil cartel said Wednesday it sees the glut in oil supplies that has hammered crude prices disappeari

Published 11 Oct, 2017 12:17pm

Energy

North Sea Crude-Forties, Ekofisk sag as US imports rise

LONDON: North Sea Forties differentials fell on Tuesday to their lowest since mid August, under pressure from a lull in

Published 11 Oct, 2017 01:37am

Energy

French lawmakers back oil, gas production ban by 2040

PARIS: France's lower house of parliament gave its overwhelming backing Tuesday to a ban on producing oil and gas on Fre

Published 10 Oct, 2017 06:32pm

Energy

Oil rises above $56 on Saudi export cut

LONDON: Oil rose to above $56 a barrel on Tuesday, supported by Saudi Arabian export cuts in November and comments from

Published 10 Oct, 2017 03:34pm

Energy

Shell seeks buyers for Oman field stake

LONDON: Royal Dutch Shell is seeking to sell its 17 percent stake in the Mukhaizna oil field in Oman, which could fetch

Published 10 Oct, 2017 02:57pm

Energy

OPEC sec gen sees clear signs of oil rebalancing, upbeat on demand

LONDON: The oil market is rebalancing fast and has almost entirely erased the glut of refined products as OPEC sticks to

Published 09 Oct, 2017 06:30pm

Energy

Oil prices stable after OPEC signals possible further action

AMSTERDAM: Oil prices stabilised on Monday after one of the most bearish weeks in months, propped up by OPEC comments si

Published 09 Oct, 2017 06:17pm

Energy

Europe Gasoline/Naphtha-Slower exports weigh on gasoline

LONDON: A slowdown in transatlantic gasoline exports from Europe were weighing on margins on Monday with refineries in t

Published 09 Oct, 2017 05:28pm

Energy

North Sea Crude-Forties holds at two-month lows, forward curve weakens

LONDON: North Sea Forties crude differentials held unchanged at two-month lows on Monday, after pockets of higher bids w

Published 09 Oct, 2017 05:21pm

Energy

Oil rises as talk of new OPEC deal trumps record US exports

LONDON: Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed

Published 05 Oct, 2017 11:55pm

Energy

Total ready for price war as it enters French retail power market

PARIS: French oil major Total said it would undercut EDF and Engie in the French power retail sector with a 10 percent p

Published 05 Oct, 2017 11:29pm

Energy

Oil weak as OPEC aims to offset rising US output

LONDON: Oil prices fell on Wednesday, pulled down by caution that rising US crude output could scupper a rally that last

Published 04 Oct, 2017 10:55pm

Energy

'New era' in solar energy fuelling growth in renewables: IEA

PARIS: The renewable energy sector is growing faster than expected, driven largely by a "new era" in solar power and str

Published 04 Oct, 2017 10:03pm

Energy

OPEC looking at deepening, extending oil supply cut

MOSCOW: Oil producer group OPEC is looking at extending or deepening a supply-cutting deal with non-member countries, tw

Published 04 Oct, 2017 10:02pm

Energy

Iran says OPEC met oil output cut pledges by just over 100pc in September

MOSCOW: Iranian Oil Minister Bijan Zanganeh said on Wednesday that OPEC members had fulfilled their obligations under a

Published 04 Oct, 2017 09:49pm

Energy

Gas Natural picks Edison, 2i Rete Gas for Italy assets

MADRID/MILAN: Spain's Gas Natural has approved the sale of its Italian retail business to EDF unit Edison and its distri

Published 04 Oct, 2017 09:38pm

Energy

North Sea oil market waves red flag at Brent bulls

LONDON: A recovery in US crude exports and falling European refining margins have sent prices of North Sea barrels tumbl

Published 04 Oct, 2017 08:01pm

Energy

Oil prices dip on doubts that recent rally will last

LONDON: Oil prices fell on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter

Published 04 Oct, 2017 09:43am

Energy

Oil steadies after steep losses; speculators grow impatient

LONDON: Oil steadied on Tuesday, as speculators took profits on some large positions that have built up in the last coup

Published 03 Oct, 2017 11:32pm

Energy

North Sea BFOE crude oil supply to fall in November

LONDON: Supply of the four North Sea crude oils that underpin the dated Brent benchmark will fall in November, according

Published 03 Oct, 2017 10:00pm

Energy

Oil prices ease as speculators grow impatient

LONDON: Oil edged lower on Tuesday, as speculators took profits on some large positions that have built up in the last c

Published 03 Oct, 2017 07:32pm

Energy

Europe Gasoline/Naphtha-Cracks weaken amid oil sell-off

LONDON: Gasoline refining margins in northwest Europe dropped to around $8 a barrel on Monday amid a broad sell off in o

Published 02 Oct, 2017 10:14pm

Energy

West Africa Crude-October cargoes linger, some Nov progs still awaited

LONDON: A handful of cargoes have traded in November so far though October cargoes of Angolan and Nigerian are still lin

Published 02 Oct, 2017 09:51pm

Energy

Shell nabs Sinochem crude trader for Singapore desk

LONDON/SINGAPORE: Royal Dutch Shell has hired a former manager in Sinochem's London office to help bolster its crude oil

Published 02 Oct, 2017 06:45pm

Energy

Russian diesel exports from Primorsk seen rising 11pc in Oct

MOSCOW: Exports of ultra-low-sulphur diesel from the Russian Baltic Sea port of Primorsk could rise by 11 percent to 880

Published 02 Oct, 2017 06:44pm

Energy

Oil falls below $56 on signs of higher output

LONDON: Oil fell more than $1 a barrel to below $56 on Monday as a rise in US drilling and higher OPEC output put the br

Published 02 Oct, 2017 06:41pm

Energy

North Sea Crude-Forties diffs fall to lowest since August

LONDON: North Sea Forties differentials fell to their lowest since mid August on Monday, retreating from last week's 201

Published 02 Oct, 2017 06:40pm

Energy

Europe Distillates-Cracks slip despite tight Atlantic basin stocks

LONDON: Benchmark European diesel refining margins weakened along with the rest of the oil complex on Monday, despite st

Published 02 Oct, 2017 05:09pm

Energy

Bullish oil streak propels Brent to strongest Q3 in 13 years

AMSTERDAM: Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region's crude supplies, helping

Published 30 Sep, 2017 12:31am

Energy

US fuel exports recover after Harvey, offering buyers respite

LONDON/HOUSTON: Fuel exports from the US Gulf Coast are rising rapidly as refineries recover from weeks of disruptions d

Published 27 Sep, 2017 10:07pm

Energy

North Sea Crude-Forties trades at highest since early 2016

LONDON: North Sea Forties crude traded at the highest differential since early 2016 on Wednesday, supported by robust de

Published 27 Sep, 2017 09:00pm

Energy

West Africa Crude-Spot deals slow as Nov loadings compete with storage

LONDON: Spot trading was limited on Wednesday as fresh loadings competed with offers from storage and leftovers from the

Published 27 Sep, 2017 07:12pm

Energy

Oil slips back from 2015 peaks; focus on US inventories

LONDON: Brent crude prices dipped on Wednesday, edging lower for a second day, although an unforeseen drop in US oil inv

Published 27 Sep, 2017 06:47pm

Energy

IAEA chief calls for clarity on disputed section of Iran nuclear deal

VIENNA: The UN nuclear watchdog's chief urged major powers on Tuesday to clarify a part of their nuclear deal with Iran

Published 26 Sep, 2017 11:20pm

Energy

Russia's Russneft calls shareholders' meeting on board changes

MOSCOW: Russian oil company Russneft is to hold an extraordinary meeting of shareholders on Nov. 17 at which it will end

Published 26 Sep, 2017 08:59pm

Energy

West Africa Crude-Trade slow due to limited arbitrage opportunities

LONDON: Angola's state oil firm issued its final November loading programme on Tuesday though trade activity was thin ow

Published 26 Sep, 2017 07:15pm

Energy

Oil hits eight-month high as producers say market rebalancing

LONDON: Oil prices hit eight-month highs on Monday after major producers said the global market was on its way towards r

Published 25 Sep, 2017 08:52pm

Energy

Total extends 5pc annual oil output growth target

PARIS: French oil and gas company Total extended its 5 percent annual average oil production growth target until 2022 on

Published 25 Sep, 2017 08:19pm

Energy

Russia keen on more OPEC cooperation

VIENNA: Russia's energy minister said Friday that he was in favour of continuing cooperation with the OPEC oil cartel as

Published 22 Sep, 2017 05:34pm

Energy

Oil prices steady as OPEC ministers discuss supply cut pact

LONDON: Oil prices were steady on Friday, as investors waited to see whether major producers meeting in Vienna would bac

Published 22 Sep, 2017 05:20pm

Energy

GLOBAL LNG-Prices edge higher on November demand

LONDON/SINGAPORE: Asian spot LNG prices rose this week, buoyed by the outcome of a two-cargo sale tender from Russia's S

Published 22 Sep, 2017 04:30pm

Energy

Oil meeting at OPEC as strategy bears fruit

VIENNA: Oil-producing countries from inside and outside OPEC meet in Vienna on Friday as signs grow that their landm

Published 22 Sep, 2017 05:35am

Energy

Oil prices slip ahead of OPEC meeting

LONDON: Oil prices slipped on Thursday, giving up some recent gains before a meeting of oil producers that could extend

Published 21 Sep, 2017 10:34pm

Energy

Europe Gasoline/Naphtha-Cracks weaken to lowest since late July

LONDON: Benchmark gasoline refining margins in northwest Europe dropped to their lowest since late July as exports from

Published 20 Sep, 2017 10:44pm

Energy

Statoil gas output to be reduced by 6.5 mcm/day on Sept 24-25

OSLO: Statoil's gas output will be reduced by 6.5 million standard cubic metres per day from September 24 at 0600 CET (0

Published 20 Sep, 2017 10:10pm

Energy

Oil set for strongest Q3 since 2004, Iraq hints at OPEC extension

LONDON: Oil rose on Wednesday, set for its largest third-quarter gain in 13 years, after the Iraqi oil minister said

Published 20 Sep, 2017 10:03am

Energy

North Sea Crude-Forties diffs edge higher for second day

LONDON: North Sea Forties diffs rose for a second day on Tuesday, boosted by bids from refiner Petroineos. Petroineos

Published 19 Sep, 2017 08:28pm

Energy

Med crude-Urals at five-months lows in Baltic amid ample supplies

MOSCOW: Urals differentials in the Baltic fell on Friday to their lowest levels since mid-April due to ample supplies of

Published 15 Sep, 2017 07:17pm

Energy

West Africa Crude-Angolan trade slows, Nigerian diffs fall

LONDON: Activity was muted on Thursday with cargoes lingering after being on offer for some two weeks, with levels falli

Published 14 Sep, 2017 09:23pm

Energy

Oil market moving back into balance: IEA

PARIS: There are signs the global oil market is returning to balance and stocks of oil products in industrialised na

Published 13 Sep, 2017 12:35pm

Energy

OPEC sees oil rebalancing under way, further inventory declines

OXFORD: The OPEC-led supply cut deal is helping to rebalance the global oil market, OPEC Secretary-General Mohammad Bark

Published 11 Sep, 2017 09:07pm

Energy

North Sea Crude-Forties diff hits fresh 20-month high

LONDON: North Sea Forties crude differentials hit the highest level since early January 2016 on Monday on the back of st

Published 11 Sep, 2017 07:40pm

Energy

Oil weakens on fears Irma could dent US demand

LONDON: Oil prices edged lower on Monday on concerns that Hurricane Irma's pounding of heavily populated areas of Fl

Published 11 Sep, 2017 10:40am

Energy

Europe Gasoline/Naphtha-Cracks weaken as Hurricane Irma looms

LONDON: European gasoline refining margins dropped on Friday as new export cargo bookings slowed, with traders awaiting

Published 08 Sep, 2017 04:00pm

Energy

West Africa Crude-October clears, IOC takes 4mn barrels in Nov

LONDON: October cargoes were clearing steadily on Thursday with strong margins, especially for gasoline, buoying demand

Published 07 Sep, 2017 04:48pm

Energy

Angola LNG launches tender to sell two cargoes

LONDON: Angola's liquefied natural gas (LNG) export plant launched a tender to sell a cargo loading on Sept. 9-11 and an

Published 06 Sep, 2017 08:19pm

Energy

Africa Crude-Angolan offers steady, Nigerian in ample supply

LONDON: Angolan crude differentials were steady on Tuesday and Nigerian crude was heard to be in ample supply for Octobe

Published 05 Sep, 2017 08:26pm

Energy

Speculative buying lifts copper to three-year high

LONDON: Copper touched a three-year high on Tuesday but closed lower after weak US factory orders prompted a pullback ac

Published 05 Sep, 2017 07:54pm

Energy

Oil falls after Harvey floods US refineries

Copyright Reuters, 2017 LONDON: Oil prices fell on Friday in the wake of Hurricane Harvey, which has killed more tha

Published 01 Sep, 2017 09:55am

Energy

Statoil's Arctic exploration fails to find oil

OSLO: Norwegian oil group Statoil said Tuesday that exploratory drilling in the Korpfjell prospect area in the Arcti

Published 29 Aug, 2017 11:47am

Energy

Europe Gasoline/Naphtha-Margins spike on worries over Gulf Coast storm

LONDON: Gasoline refining margins in northwest Europe rose sharply on Friday as concerns about a hurricane heading towar

Published 25 Aug, 2017 06:17pm

Energy

GLOBAL LNG-Prices snap 6-week streak of gains as Japan bows out

LONDON/SINGAPORE: Asian spot LNG prices fell this week as buyers in Japan facing brimming stocks backed off from additio

Published 25 Aug, 2017 06:09pm

Energy

Med Crude-Urals down in NWE for 7th consecutive session as supplies set to rise in Sept

MOSCOW: Urals crude differentials to dated Brent in northwest Europe lost another 15 cents a barrel on Friday to hit the

Published 25 Aug, 2017 06:05pm

Energy

Oil up as US rigs and refineries brace for hurricane

LONDON: Oil prices rose on Friday as the US petroleum industry braced for Hurricane Harvey, which could become the bigge

Published 25 Aug, 2017 03:42pm

Energy

UK Forties oil output below plan, delaying some cargoes

LONDON: The North Sea Forties crude stream is pumping less oil than expected, leading to delays in the loading of some c

Published 25 Aug, 2017 03:22pm

Energy

Russia's Sakhalin II LNG export plant launchers 2-cargo tender

SINGAPORE/LONDON: Russia's Sakhalin II liquefied natural gas (LNG) export plant launched a tender to sell one cargo load

Published 25 Aug, 2017 03:16pm

Energy

Oil slips as focus shifts to Jackson Hole and Harvey

LONDON: Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of cen

Published 24 Aug, 2017 07:25pm

Energy

ARA gasoil stocks drop more than 5pc in past week

LONDON: Gasoil stocks in independently held storage at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell by

Published 24 Aug, 2017 05:28pm

Energy

Oil prices rise ahead of US stocks data

LONDON: Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United

Published 22 Aug, 2017 07:13pm

Energy

Total overtakes Shell in North Sea where appetite for assets remains high

LONDON: French oil major Total has overtaken rival Royal Dutch Shell to become the second-largest producer in the North

Published 22 Aug, 2017 07:06pm

Energy

OPEC oil supply set for sharp drop in August

LONDON: OPEC oil supply is set to fall by 419,000 barrels per day (bpd) this month, a company that tracks OPEC shipments

Published 21 Aug, 2017 08:01pm

Energy

Oil prices fall after rally prompts profit-taking

AMSTERDAM: Oil prices fell around 1 percent on Monday as a rally at the end of last week prompted investors to close pos

Published 21 Aug, 2017 08:00pm

Energy

North Sea Crude-Forties strengthens in flurry of activity

LONDON: The price of North Sea Forties crude strengthened for the first time above dated Brent in a week, in a flurry of

Published 21 Aug, 2017 08:00pm

Energy

Med Crude-Urals diffs in NWE hit 7-week lows as cargoes clear slowly

MOSCOW: Urals crude differentials to dated Brent in northwest Europe weakened again on Monday as cargoes for loading in

Published 21 Aug, 2017 07:58pm

Energy

Germany's Jan-June gas imports up 20.8pc, costs up 39.2pc

FRANKFURT: Germany imported 20.8 percent more natural gas in January through June versus a year earlier, while higher cr

Published 21 Aug, 2017 07:55pm

Energy

Europe Distillates-Diesel margins slip lower as imports loom

LONDON: Diesel margins slid lower on Monday, weighed down by the expectation of growing imports from the United States a

Published 21 Aug, 2017 07:51pm

Energy

West Africa Crude-Diffs underpinned by strong margins, weak freight

LONDON: Differentials for Angolan grades were supported by strong margins and weak freight rates while trade was limited

Published 21 Aug, 2017 07:38pm

Energy

Nigeria's oil exports to slip in October

LONDON: Nigeria's crude oil exports are expected to slip to 1.72 million barrels per day (bpd) in October, loading progr

Published 18 Aug, 2017 04:08pm

Energy

Oil steady as high US output balances crude stock draw

LONDON: Oil prices steadied on Thursday after US data showed a big fall in crude stockpiles but also an increase in prod

Published 17 Aug, 2017 07:40pm

Energy

Angolan crude oil exports at 13-month high in Oct

LONDON: Angola's crude oil exports in October are set to hit a 13-month high of 1.7 million barrels per day (bpd), a rev

Published 16 Aug, 2017 07:06pm

Energy

Oil falls on strong dollar, OPEC and China weigh

LONDON: Oil prices fell on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of

Published 15 Aug, 2017 07:51pm

Energy

Oil steady after dollar sell-off, OPEC and China weigh

LONDON: Oil prices steadied on Tuesday after a heavy sell-off following a surge in the dollar, and weighed down by s

Published 15 Aug, 2017 11:01am

Energy

OPEC pumps more oil in July despite cut pledge: IEA

PARIS: OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, g

Published 11 Aug, 2017 10:17am

Energy

Oil rises as inventory overhang erodes and Saudi cuts exports

LONDON: Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut cr

Published 10 Aug, 2017 08:58pm

Energy

OPEC sees higher 2018 oil demand, but raises output again

LONDON: OPEC forecast higher demand for its oil in 2018 due to rising global consumption and slower supply growth from r

Published 10 Aug, 2017 08:57pm

Energy

Oil gains as inventory overhang erodes and Saudi cuts exports

LONDON: Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut cr

Published 10 Aug, 2017 08:57pm

Energy

Oil bulls party like it's 2014 and $100 a barrel

LONDON: Brent crude futures finally bear the hallmarks of a market in which supply and demand are falling into balance,

Published 10 Aug, 2017 03:22pm

Energy

Oil rises towards $53 before US inventory report

LONDON: Oil rose towards $53 a barrel on Wednesday ahead of a US inventory report expected to show crude stocks dropped

Published 09 Aug, 2017 07:54pm

Energy

Europe Gasoline/Naphtha-Cracks firm on US, WAF export demand

LONDON: Gasoline refining margins in northwest Europe edged higher again on Tuesday, despite a planned restart on some u

Published 08 Aug, 2017 07:51pm

Energy

Oil prices slip despite news of lower Saudi supply

LONDON: Oil prices fell on Tuesday on increasing exports from key OPEC producers despite news of lower crude shipments f

Published 08 Aug, 2017 07:20pm

Energy

Shell begins restart of Europe's largest oil refinery

LONDON: Royal Dutch Shell said on Tuesday it was restarting a number of units at the 404,000 barrels per day Pernis oil

Published 08 Aug, 2017 07:17pm

Energy

Oil prices steady as Saudi cuts September supplies

LONDON: Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher production

Published 08 Aug, 2017 08:51am

Energy

Asia's bookings of West African crude rebound to six-month high

LONDON: Asia's loadings of West African oil are on track to rebound to a six-month high in August on a revival in China'

Published 07 Aug, 2017 08:12pm

Energy

Oil slides from 9-week highs as market looks to OPEC

LONDON: Oil prices edged down from nine-week highs on Monday, pressured by worries over high production from OPEC and th

Published 07 Aug, 2017 08:03pm

Energy

LNG tanker Umm Slal due to arrive at Britain's Milford Haven on Aug 19

LONDON: Liquefied natural gas tanker Umm Slal is due to arrive at Britain's Milford Haven port on August 19, Reuters shi

Published 07 Aug, 2017 07:47pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher on refinery outage, WAF demand

LONDON: Gasoline refining margins in northwest Europe edged slightly higher on Monday, boosted by the unplanned shutdown

Published 07 Aug, 2017 07:37pm

Energy

Argentina launches tender seeking up to 32 LNG cargoes

LONDON: Argentina launched two liquefied natural gas (LNG) tenders seeking up to 32 shipments for delivery over the next

Published 07 Aug, 2017 05:35pm

Energy

Europe Distillates-Cracks gain on Pernis outage

LONDON: Europe's diesel refining ended the week slightly higher supported by an outage at Europe's largest oil refin

Published 04 Aug, 2017 05:05pm

Energy

Oil rises as tighter US market outweighs OPEC supply

LONDON/SINGAPORE: Oil prices rose on Thursday, lifted by signs of a tightening US market, although high crude supplies f

Published 03 Aug, 2017 06:32pm

Energy

Oil majors gushing in cash despite cheap crude

PARIS: The prospect of crude remaining near the current $50 level is no longer a doomsday scenario for the world's oil m

Published 03 Aug, 2017 06:06pm

Energy

Russia sticks to global oil deal, holds July output flat m/m

MOSCOW: Russia's oil output stood at 10.95 million barrels per day (bpd) in July, unchanged for a third month and in lin

Published 02 Aug, 2017 09:12pm

Energy

Oil dodges bears, climbs back towards $52 per barrel

LONDON: Oil shook off a raft of bearish headlines on Wednesday, as investors and traders took advantage of earlier losse

Published 02 Aug, 2017 07:31pm

Energy

Shell says restart of Europe's largest refinery is at least two weeks away

LONDON: Royal Dutch Shell said the earliest restart expected for Europe's largest oil refinery is the second half of Aug

Published 01 Aug, 2017 07:34pm

Energy

Europe's biggest oil refinery shut for two more weeks

THE HAGUE: Europe's biggest oil refinery will remain shut for another couple of weeks after a power station on the s

Published 01 Aug, 2017 07:34pm

Energy

Oil slips from two-month high as ample supply weighs

LONDON: Oil slipped from a two-month high near $53 a barrel on Tuesday as ample global supplies countered strong demand

Published 01 Aug, 2017 07:29pm

Energy

North Sea BFOE supplies to rise in Sept to 793,000 bpd

LONDON: Supply of the four crude oil grades that underpin the dated Brent benchmark price will rise in September after h

Published 01 Aug, 2017 07:29pm

Energy

Oil near two-month high as producers set to meet again

LONDON: Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this yea

Published 31 Jul, 2017 09:49pm

Energy

Oil extends gains, on track for biggest weekly rise this year

LONDON: Oil prices edged higher on Friday, reaching new two-month highs and on track to post the strongest weekly percen

Published 28 Jul, 2017 09:10pm

Energy

Libya output helps lift Repsol's profits

MADRID: Spanish oil giant Repsol posted Thursday a jump in quarterly net profit, lifted by lower restructuring costs, re

Published 27 Jul, 2017 03:15pm

Energy

North Sea Crude-Diffs steady, market shows signs of tightening

LONDON: North Sea crude differentials hovered near one-month lows on Tuesday, with buyers slow to emerge despite signs t

Published 25 Jul, 2017 08:01pm

Energy

Europe Gasoline/Naphtha-Margins slip further on limited exports

LONDON: Gasoline refining margins in northwest Europe slipped further on Tuesday as export avenues dwindled and refineri

Published 25 Jul, 2017 07:52pm

Energy

Oil rallies 2 percent as Saudi promises to cut exports

LONDON: Oil rose by more than 2 percent on Tuesday after Saudi Arabia vowed to reduce exports from next month and OPEC c

Published 25 Jul, 2017 03:53pm

Energy

OPEC moves to cap Nigerian oil output, boost compliance

ST PETERSBURG: OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with pr

Published 24 Jul, 2017 04:44pm

Energy

Oil falls on report showing OPEC deal compliance falling in July

LONDON: Oil prices fell on Friday after a consultancy report forecast a rise in OPEC production for July despite the gro

Published 21 Jul, 2017 02:25pm

Energy

Brent oil climbs above $50 for first time since early June

LONDON: Brent crude oil rose above $50 per barrel for the first time since early June on Thursday, adding to gains made

Published 20 Jul, 2017 07:40pm

Energy

Europe Distillates-Cracks hit highest since Nov 2015 on tighter market

LONDON: Benchmark diesel refining margins in northwest Europe rose on Thursday to their highest since November 2015, boo

Published 20 Jul, 2017 07:24pm

Energy

Europe Gasoline/Naphtha-Cracks rise as US stock draws lift market

LONDON: Gasoline refining margins in northwest Europe rose on Thursday after a drop in US inventories sparked a wave of

Published 20 Jul, 2017 07:23pm

Energy

Strong gasoline demand lifts oil, but high OPEC supplies temper gains

LONDON: Oil rose on Wednesday, supported by strong demand for gasoline, but rising output from OPEC producers revived co

Published 19 Jul, 2017 02:47pm

Energy

Russia to work with OPEC on oil market rebalancing

LONDON: Russia is ready to continue working with OPEC to help rebalance oil markets, a Russian energy source said on Wed

Published 19 Jul, 2017 02:45pm

Energy

French court repeals law on regulated gas prices

PARIS: France's highest administrative court repealed on Wednesday a law on regulated gas prices, under which about half

Published 19 Jul, 2017 02:12pm

Energy

Oil climbs as firm demand absorbs ample supply

LONDON: Oil prices rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but

Published 18 Jul, 2017 08:31pm

Energy

Oil ‘stuck in range’ as ample supply meets firm demand

LONDON: Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and pr

Published 18 Jul, 2017 10:47am

Energy

Total says crude exports from Congo Republic Djeno terminal unaffected

PARIS: French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was

Published 17 Jul, 2017 07:56pm

Energy

Polish refiner PKN's second-quarter profit forecast to rise by 16pc

WARSAW: Poland's oil refiner PKN Orlen, is forecast to report a 16 percent increase in second-quarter net profit year on

Published 17 Jul, 2017 07:49pm

Energy

Europe Gasoline/Naphtha-Cracks rise, tracking strong US cracks

LONDON: Benchmark gasoline refining margins in northwest Europe rose on Monday, supported by a rise in US cracks due to

Published 17 Jul, 2017 07:37pm

Energy

Europe Distillates-Cracks hold strength on limited imports

LONDON: Diesel refining margins were stable in northwest Europe, but the Mediterranean pulled in cargoes due to an ongoi

Published 17 Jul, 2017 07:37pm

Energy

Angolan crude exports to fall in September to 47 cargoes

LONDON: Exports of Angolan crude oil are expected to fall to 47 cargoes in September, down from 53 cargoes in August, an

Published 17 Jul, 2017 07:20pm

Energy

Germany's Jan-May gas imports up 19.5pc, bill 37.7pc higher

FRANKFURT: Germany imported 19.5 percent more natural gas in January through May versus a year earlier, while higher cru

Published 17 Jul, 2017 07:16pm

Energy

Oil edges up towards $49, US drilling slowdown supports

LONDON: Oil edged up to about $49 a barrel on Monday after fewer drilling rigs were added in the United States last week

Published 17 Jul, 2017 07:11pm

Energy

West Africa Crude-Angolan programme emerges

LONDON: State firm Sonangol issued its September loading programme on Monday with traders immediately offering cargoes a

Published 17 Jul, 2017 07:03pm

Energy

Med Crude-Urals differentials kept stable, CPC Blend jumped to the highest level since Dec '16

MOSCOW: Urals crude differentials in northwest Europe and the Mediterranean were stable on Monday after the provisional

Published 17 Jul, 2017 04:50pm

Energy

Croatia's LNG project to take key investment decision in 2018

ZAGREB: Croatia is likely to take a key step towards building a floating liquefied natural gas (LNG) terminal in the nor

Published 13 Jul, 2017 06:29pm

Energy

Oil steady as higher output balances Chinese demand

LONDON: Oil prices steadied on Thursday after evidence of stronger demand in China balanced reports of higher production

Published 13 Jul, 2017 05:33pm

Energy

Poland sees North-South Gas Corridor ready by 2022

WARSAW: Polish gas pipeline operator Gaz-System expects the North-South Gas Corridor linking LNG terminals in Poland and

Published 13 Jul, 2017 05:32pm

Energy

IEA raises forecast for global oil demand this year

PARIS: Global demand for oil will be slightly higher than expected this year, driven by increased consumption in Ind

Published 13 Jul, 2017 10:25am

Energy

Oil rises above $48 as API reports drop in US fuel stocks

LONDON: Oil rose above $48 a barrel on Wednesday in response to a fall in US fuel inventories and a cut in the US govern

Published 12 Jul, 2017 03:34pm

Energy

OPEC sees lower demand for its oil in 2018, points to surplus

LONDON: World demand for OPEC's crude will decline next year as US shale producers and other rivals pump more, OPEC said

Published 12 Jul, 2017 03:33pm

Energy

Oil falls as banks cut price forecasts

LONDON: Oil prices fell on Tuesday as global oversupply encouraged several banks to cut their forecasts for crude for th

Published 11 Jul, 2017 02:00pm

Energy

Oil steadies but outlook remains weak

LONDON: Oil steadied on Tuesday after almost a week of sharp falls, but the outlook remained weak amid oversupply an

Published 11 Jul, 2017 09:19am

Energy

Europe Gasoline/Naphtha-Gasoline crack edges higher capped by weak US demand

LONDON: The European gasoline crack edged slightly higher on Monday but further gains were capped by weak US buying inte

Published 10 Jul, 2017 07:24pm

Energy

Med Crude-Urals differentials dip, but still close to 2-year highs

MOSCOW: Urals crude differentials in northwest Europe inched lower on Monday, but remain close to 2-year highs on strong

Published 10 Jul, 2017 07:19pm

Energy

North Sea Crude-Forties edges higher; ship-to-ship activity picks up

LONDON: North Sea Forties crude differentials edged up on Monday, extending last week's rise, although activity was thin

Published 10 Jul, 2017 07:18pm

Energy

West Africa Crude-Nigerian overhang gets smaller

LONDON: Nigerian crude differentials were steady to slightly higher on Monday, supported by a smaller overhang of cargoe

Published 10 Jul, 2017 07:11pm

Energy

Libya, Nigeria may attend OPEC, non-OPEC July meeting

ISTANBUL/LONDON: Libyan and Nigerian officials may attend a joint meeting between OPEC and non-OPEC nations later this m

Published 10 Jul, 2017 05:09pm

Energy

Oil pares losses, but rising supply a worry

LONDON: Oil dipped on Monday, paring some earlier losses triggered by rising drilling activity in the United States and

Published 10 Jul, 2017 05:02pm

Energy

OPEC delegates encouraged by Russian comments on adjusting oil cut deal

LONDON: OPEC delegates said on Friday they were encouraged by Russia's openness to talking about changes to an OPEC-led

Published 07 Jul, 2017 03:55pm

Energy

Oil prices fall 2 percent on signs market still oversupplied

LONDON: Oil prices fell more than 2 percent on Friday after data showed US production rose last week just as OPEC export

Published 07 Jul, 2017 03:40pm

Energy

France 'to end sales of petrol, diesel vehicles by 2040'

PARIS: France will end sales of petrol and diesel vehicles by 2040 as part of an ambitious plan to meet its targets unde

Published 06 Jul, 2017 05:23pm

Energy

Oil rises after signs of US demand, but supply threat remains

LONDON: Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the previou

Published 06 Jul, 2017 03:31pm

Energy

Oil rises after US inventory drop but outlook remains gloomy

LONDON: Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the pre

Published 06 Jul, 2017 10:29am

Energy

Med Crude-Urals differentials in NWE at two-year high on strong margins

MOSCOW: Urals crude differentials in the northwest Europe jumped on Wednesday to the highest level in two years on stron

Published 05 Jul, 2017 07:39pm

Energy

West Africa Crude-Nigerian Qua offered lower amid ample supply

LONDON: Nigerian crude for August is selling slowly, traders said on Wednesday, and sellers were heard to be trimming of

Published 05 Jul, 2017 07:36pm

Energy

Europe Gasoline/Naphtha-Cracks rebound with fall in oil prices

LONDON: Gasoline cracks rose on Wednesday on the back of a slide in oil prices and hopes of a greater demand for fuel af

Published 05 Jul, 2017 07:35pm

Energy

Germany's oil imports bill for Jan-May up 48.9pc

FRANKFURT: Germany spent 13.4 billion euros ($15.18 billion) on crude oil imports in the first five months of the year,

Published 05 Jul, 2017 05:07pm

Energy

Hungary joins Gazprom pipeline, as Trump touts US LNG

BUDAPEST: Hungary signed a deal with Russia's Gazprom to link the country with the Turkish Stream pipeline by end-2019 o

Published 05 Jul, 2017 05:05pm

Energy

Nigerian oil output recovery adds to surplus

LONDON: Nigerian crude for August loading is proving slow to find buyers amid rising supply, oil trading sources said on

Published 05 Jul, 2017 04:53pm

Energy

Oil retreats after bull run, on rising OPEC exports, strong dollar

LONDON: Oil prices fell more than 2 percent on Wednesday, ending their longest bull-run in more than five years, as clim

Published 05 Jul, 2017 04:50pm

Energy

Oil slips after eight-session bull run on rising OPEC exports, strong dollar

LONDON: Oil prices fell more than one percent on Wednesday, ending their longest bull-run in over five years, as cli

Published 05 Jul, 2017 10:33am

Energy

West Africa Crude-Nigerian July surplus gets smaller

LONDON: A surplus of Nigerian cargoes for July loading is getting smaller after a drop in differentials boosted demand,

Published 04 Jul, 2017 05:18pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher amid slow activity

LONDON: Gasoline refining margins in northwest Europe edged higher on Tuesday amid limited trading activity due to the U

Published 04 Jul, 2017 05:15pm

Energy

North Sea Crude-Diffs edge up, but barrels stored on ships rises

LONDON: North Sea crude differentials edged up on Tuesday, but gains were modest, given that the amount of oil stored on

Published 04 Jul, 2017 05:02pm

Energy

Med Crude-Urals differentials rise in Mediterranean on higher demand

MOSCOW: Urals differentials in the Mediterranean rose on Tuesday on healthy demand for cargoes loading in late July and

Published 04 Jul, 2017 05:01pm

Energy

Oil eases on US holiday after 8 days of gains

LONDON: Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative si

Published 04 Jul, 2017 04:34pm

Energy

Brent crude stabilises near $50 a barrel

LONDON: Brent oil prices gained slightly on Tuesday, stabilising near $50 a barrel on tentative signs that a persistent

Published 04 Jul, 2017 03:30pm

Energy

Oil shipments from Georgia's Batumi port fall 29pc in first half

TBILISI: Oil and related shipments from Georgia's Black Sea port of Batumi fell 29.2 percent in the first half of 2017 f

Published 04 Jul, 2017 03:20pm

Energy

Oil resumes longest rally since 2012; OPEC output a concern

LONDON: Oil pared earlier losses on Monday, resuming its longest stretch of daily rallies in more than five years after

Published 03 Jul, 2017 04:05pm

Energy

North Sea BFOE crude oil supply to hit three-year low in August

LONDON: Supply of the four grades of crude oil that underpin the dated Brent benchmark price will fall to its lowest in

Published 03 Jul, 2017 04:00pm

Energy

Russia's Rosneft proposes to pay interim dividend on H1 2017 results

MOSCOW: Russia's largest oil producer Rosneft has proposed to pay an interim dividend on the first six months results, I

Published 03 Jul, 2017 03:56pm

Energy

Oil stages longest rally since 2012, OPEC output may cap gains

LONDON: Oil prices rose for an eighth day on Monday, their longest rally in over five years after data pointed to mo

Published 03 Jul, 2017 09:19am

Energy

Russian oil output unchanged in June, in line with compliance

MOSCOW: Russian oil output stood at 10.95 million barrels per day (bpd) in June, unchanged from the previous month,

Published 02 Jul, 2017 09:44am

Energy

Euro leads currency rally in Asia on talk of rate hikes

HONG KONG: The euro led a broad advance in currencies against the greenback Thursday after a string of central banke

Published 29 Jun, 2017 07:50am

Energy

North Sea Crude-Forties diffs hold, market shows bullish signs

LONDON: North Sea Forties crude differentials held steady on Wednesday, following the previous day's sharp rally that to

Published 28 Jun, 2017 05:00pm

Energy

Russia plans to ship 4.5mn T of oil to Belarus in Q3

MOSCOW: Russia plans to ship 4.5 million tonnes of oil to Belarus in the third quarter, Russian Energy Minister Alexande

Published 28 Jun, 2017 02:41pm

Energy

Oil stays below $47 as US inventory report revives glut worries

LONDON: Oil edged lower towards $47 a barrel on Wednesday after an industry report said US inventories increased, revivi

Published 28 Jun, 2017 02:33pm

Energy

Shell lifts force majeure on Nigeria's Bonny Light oil exports

LONDON: Royal Dutch Shell said on Wednesday that it had lifted force majeure on exports of Bonny Light crude oil after p

Published 28 Jun, 2017 02:21pm

Energy

Despite weak oil prices, OPEC still pockets more dollars

LONDON: With world oil inventories swelling despite a global pact on cutting output and crude prices falling by a fifth

Published 28 Jun, 2017 01:20pm

Energy

European equities stumble on poor data; oil steadies

LONDON: Europe's main stock markets and Wall Street stumbled Friday on disappointing economic data heading into the week

Published 23 Jun, 2017 05:35pm

Energy

Oil prices flat, heading for biggest H1 fall since 1990s

LONDON: Oil traded flat on Friday, hovering near a 10-month low in US prices hit earlier this week, and remained on cour

Published 23 Jun, 2017 04:52pm

Energy

Russia's Novatek aims topple Qatar from LNG top spot

LONDON: Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it

Published 23 Jun, 2017 04:04pm

Energy

West Africa Crude-HPCL buys Nigerian, but diffs under pressure

LONDON: An excess of light sweet crude continued to threaten Nigerian crude prices, though the reliability of Forcados l

Published 23 Jun, 2017 04:02pm

Energy

Britain's FTSE wallows at 1-week low as energy weighs; Imagination tech rockets

LONDON: Britain's top share index headed south once more on Thursday as a combination of weak oil majors, banks and firm

Published 22 Jun, 2017 03:02pm

Energy

Brent crude oil edges back above $45

LONDON: Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has p

Published 22 Jun, 2017 12:49pm

Energy

Nigeria's Aug oil exports to top 2mn bpd, 17-month high

LONDON: Nigeria's crude oil exports are set to exceed 2 million barrels per day (bpd) in August, the highest level plann

Published 21 Jun, 2017 06:03pm

Energy

West Africa Crude-Nigerian exports rebound, Angolan trade slow

LONDON: Nigeria's August loading plan hit its highest since before the early 2016 Forcados force majeure, loading plans

Published 21 Jun, 2017 05:57pm

Energy

Oil flat as bulls discount OPEC cuts, set for worst H1 since 1997

LONDON: Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of a

Published 21 Jun, 2017 02:14pm

Energy

Russia's Urals oil exports from Baltic Sea ports set to fall by 13pc on July 1-12, m/m

MOSCOW: Urals crude oil exports from Russian Baltic Sea ports are set to fall by 0.3 million tonnes on July 1-12 compare

Published 21 Jun, 2017 02:04pm

Energy

Oil headed for weakest first-half performance in two decades

LONDON: Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the fir

Published 21 Jun, 2017 01:58pm

Energy

Oil falls as bulls discount OPEC cuts, set for worst H1 since 1997

LONDON: Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for

Published 21 Jun, 2017 09:09am

Energy

Private producer aims to ship Baltic's first Russian LNG before Gazprom

OSLO: LNG Gorskaya, a privately-owned Russian liquefied natural gas (LNG) producer, has launched a 340 million euro ($37

Published 20 Jun, 2017 04:13pm

Energy

OPEC, non-OPEC compliance with oil cuts hits highest in May

LONDON: OPEC and non-OPEC oil producers' compliance with a deal to cut global output has reached its highest in May sinc

Published 20 Jun, 2017 04:02pm

Energy

OPEC should heed lessons from Achnacarry Agreement

LONDON: OPEC members are struggling to protect their revenues in the face of renewed competition from US shale producers

Published 20 Jun, 2017 12:24pm

Energy

Oil prices hit seven-month lows on global oversupply

LONDON: Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a tre

Published 20 Jun, 2017 12:21pm

Energy

North Sea Crude-Forties and Brent offered lower

LONDON: North Sea Forties and Brent crude were offered at lower levels on Friday, with the market pressured by sizeable

Published 16 Jun, 2017 05:19pm

Energy

Oil prices bounce but stuck near 2017 lows on supply overhang

LONDON: Oil prices edged up from 2017 lows on Friday but remained on track for a fourth consecutive week of losses becau

Published 16 Jun, 2017 12:40pm

Energy

Lower oil prices set to test US shale drillers: Kemp

LONDON: Some US shale producers claim they can produce oil profitably with prices well below $50 per barrel or even $45

Published 15 Jun, 2017 12:43pm

Energy

Oil hits six-week low as OPEC fails to curb oversupply

LONDON: Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts abou

Published 15 Jun, 2017 08:47am

Energy

Oil prices fall as OPEC output, US crude stockpiles rise

LONDON: Oil prices fell on Wednesday after industry data showed a build in US crude stocks and OPEC reported a rise in i

Published 14 Jun, 2017 11:57am

Energy

Oil output to expand faster than demand in 2018: IEA

PARIS: Global oil output will expand faster than worldwide demand for oil next year, primarily as US producers rack

Published 14 Jun, 2017 08:43am

Energy

OPEC sees oil market rebalancing at slower pace, says output rises

LONDON: OPEC on Tuesday said a long-awaited rebalancing of the oil market was under way at a "slower pace" and reported

Published 13 Jun, 2017 12:31pm

Energy

US oil output hampering market rebalancing: OPEC

PARIS: Increased oil production in the United States is hampering efforts to balance out market supply and dem

Published 13 Jun, 2017 11:17am

Energy

Med Crude-CPC Blend edges higher despite light, sweet overhang

LONDON: The differential for Kazakh CPC Blend firmed on Monday after a buyer returned to the window for a second time, b

Published 12 Jun, 2017 05:35pm

Energy

European refiners slow crude runs in May

LONDON: Crude oil intake at Europe's refineries in May was 2.4 percent lower than in April at 10.175 million barrels per

Published 12 Jun, 2017 05:02pm

Energy

Oil rises as investors buy into US crude

LONDON: Oil rose on Monday to break a two-day losing streak, after futures traders increased their bets on a renewed pri

Published 12 Jun, 2017 04:03pm

Energy

Burst in investor confidence in oil pushes up prices

LONDON: Oil rose on Monday to break a three-day losing streak, after futures traders increased their bets on a renewed p

Published 12 Jun, 2017 12:13pm

Energy

After oil drop, some OPEC delegates question if supply cut deal enough

LONDON: Two weeks after an OPEC-led deal to extend oil output cuts until March, some OPEC delegates are questioning

Published 11 Jun, 2017 07:15am

Energy

Oil's price fall stalls despite supply glut

LONDON: Oil prices steadied on Friday after steep falls earlier in the week under pressure from widespread evidence of a

Published 09 Jun, 2017 02:11pm

Energy

Oil comeback for cut-exempt producers threatens to swamp OPEC

LONDON: OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exem

Published 09 Jun, 2017 02:00pm

Energy

Oil edges off one-month lows, concern persists over supply

LONDON: Oil prices pared losses on Thursday, having hit one-month lows earlier in the day after unexpected surge in US i

Published 08 Jun, 2017 05:02pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks climb after ARA stocks draw

LONDON: Gasoline refining margins in northwest Europe rose sharply on Thursday following an 8 percent fall in ARA stocks

Published 08 Jun, 2017 04:30pm

Energy

Oil crawls off one-month lows, but supply gloom caps gains

LONDON: Oil edged up on Thursday, having hit one-month lows the previous day after an unexpected surge in US inventories

Published 08 Jun, 2017 12:41pm

Energy

Shell diverts US LNG cargo to Dubai after Qatar diplomatic row

LONDON: Royal Dutch Shell has sent a replacement cargo of liquefied natural gas (LNG) from the United States to Dubai, s

Published 08 Jun, 2017 11:56am

Energy

Norway's 2017 gas output at least the same as 2016

OSLO: Norway will deliver at least the same amount of gas by pipeline in 2017 as it did last year, when output was 108 b

Published 07 Jun, 2017 04:03pm

Energy

European bank bailout soothes anxious markets

LONDON: A smoothly executed rescue of Spain's struggling Banco Popular drove European banking stocks higher on Wednesday

Published 07 Jun, 2017 04:00pm

Energy

Oil dips on concern over rising US output, OPEC tensions

LONDON: Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due

Published 07 Jun, 2017 03:33pm

Energy

Shell Convent preparing hydrotreater furnace restart

HOUSTON: Royal Dutch Shell Plc's Convent, Louisiana, refinery was preparing on Wednesday morning to restart a furnace on

Published 07 Jun, 2017 03:06pm

Energy

Defensives keep Britain's FTSE afloat, mid caps dive to 3-week low

LONDON: UK shares remained stuck below last week's record high on Tuesday as investors sought safety in precious metals

Published 06 Jun, 2017 04:20pm

Energy

Med Crude-Urals drifts sideways in muted trade, CFDs flattish

MOSCOW: Urals crude differentials in northwest Europe and Mediterranean were stable on Tuesday in quiet trade,

Published 06 Jun, 2017 04:18pm

Energy

Oil slips on worries Mideast rift could undermine OPEC cuts

LONDON: Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and se

Published 06 Jun, 2017 12:16pm

Energy

Russian oil output in May falls below 11 mln bpd

MOSCOW: Russian oil production in May fell to 10.947 million barrels per day (bpd) from 11 million bpd in April as it co

Published 02 Jun, 2017 07:54am

Energy

North Sea Crude-Forties diff firms on shorter programme, Ekofisk lower

LONDON: The differential for Forties firmed on a shorter July programme while the price for Ekofisk fell on a more ample

Published 01 Jun, 2017 06:00pm

Energy

Oil rises as Trump decides on climate pact, yuan surges

LONDON: Oil prices rose on Thursday, lifting energy company shares, on expectations the United States will withdraw from

Published 01 Jun, 2017 02:56pm

Energy

West African oil to China slides to 9-month low in June, India offsets

LONDON: China's West African crude oil loadings are on track to slide to a nine-month low in June as buying in the key o

Published 01 Jun, 2017 02:38pm

Energy

Oil prices under pressure from rising OPEC supplies

LONDON: Oil prices pared gains reached earlier in the session on Thursday, despite US industry data showing a big drop i

Published 01 Jun, 2017 01:54pm

Energy

Asia and European stocks mostly rise despite Wall Street losses

LONDON: Asian and European markets mostly rose Wednesday after forecast-beating Chinese factory data raised ho

Published 31 May, 2017 01:00pm

Energy

Oil falls on potential undermining of OPEC-led deal

LONDON: Oil prices fell by 1 percent on Wednesday as rising Libyan production fuelled concerns that OPEC-led output cuts

Published 31 May, 2017 12:07pm

Energy

OPEC, non-OPEC committed to cutting inventories to 5-yr average-Falih

MOSCOW: OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry's five-year av

Published 31 May, 2017 11:57am

Energy

France risks 2017/2018 winter gas shortages, say gas transport firms

PARIS: France is at risk of gas shortages during cold snaps in the coming winter due to low stock levels, gas transport

Published 31 May, 2017 11:36am

Energy

LNG tender from Australia's Gorgon project signals early restart

LONDON: Exxon Mobil seeks to sell a liquefied natural gas (LNG) cargo from Australia's giant Gorgon export facility in J

Published 30 May, 2017 05:45pm

Energy

Med Crude-Urals diffs slightly down in NWE, up in Mediterranean

MOSCOW: Urals crude differentials in northwest Europe eased slightly on Tuesday, while the grade was bid higher in the M

Published 30 May, 2017 05:25pm

Energy

Oil slips on oversupply worries despite OPEC deal

LONDON: Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be e

Published 30 May, 2017 12:43pm

Energy

North Sea Ekofisk crude oil supply to rise in July

LONDON: Supply of North Sea Ekofisk crude oil will rise in July from June, according to loading programmes seen by tradi

Published 30 May, 2017 11:56am

Energy

Russian diesel exports from Primorsk seen at 1.155mn T in June

MOSCOW: Russian export of ultra-low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk is expected to fall by 3.

Published 29 May, 2017 12:21pm

Energy

Oil slips as more US drilling outweighs OPEC-led cuts

LONDON: Oil prices slipped on Monday as further increases in US drilling activity undercut an OPEC-led push to

Published 29 May, 2017 12:03pm

Energy

Polish minister says US LNG imports could undermine Gazprom's position

WARSAW: Imports of liquefied natural gas (LNG) from the United States could significantly undermine the dominant positio

Published 29 May, 2017 11:29am

Energy

Russia's 2017 oil exports seen down by 4mn T

MOSCOW: Russia's oil exports could fall by 4 million tonnes in 2017, in line with an expected production decline as part

Published 26 May, 2017 05:50pm

Energy

West Africa Crude-Nigerian overhang persists, Angolan trades slowly

LONDON: Nigerian oil prices were under pressure as the Atlantic Basin remained awash with light crude due to the open ar

Published 25 May, 2017 05:50pm

Energy

OPEC, non-OPEC extend oil output cut by 9 months to fight glut

VIENNA: OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018

Published 25 May, 2017 05:49pm

Energy

North Sea Crude-Forties edges higher but contango grows

LONDON: Forties crude differentials edged higher in an otherwise steady North Sea market that has seen cargoes for promp

Published 25 May, 2017 04:50pm

Energy

Oil steady before expected extension of OPEC output cut

LONDON: Oil prices steadied on Thursday ahead of an OPEC meeting expected to extend production cuts into 2018 in an

Published 25 May, 2017 09:24am

Energy

Med crude-Urals differentials unchanged ahead of June-loading plan

MOSCOW: Urals differentials remained stable on Wednesday while traders awaited the release of the full Urals preliminary

Published 24 May, 2017 04:35pm

Energy

Shell, Exxon joint venture considering appeal on planned cut at Groningen

AMSTERDAM: A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing a Du

Published 24 May, 2017 02:17pm

Energy

Oil prices steady as market awaits extended output cut

LONDON: Oil prices steadied on Wednesday as investors waited for news from Vienna where ministers from OPEC and other ex

Published 24 May, 2017 02:07pm

Energy

OPEC, non-OPEC committee recommends oil cuts at same level

VIENNA: A ministerial committee consisting of some key OPEC and non-OPEC members recommended on Wednesday keep

Published 24 May, 2017 01:45pm

Energy

Oil prices rise as expected decision to extend cuts nears

LONDON: Oil rose on Tuesday as expectations of an extension to OPEC-led supply cuts supported prices, reversing losses e

Published 23 May, 2017 05:27pm

Energy

Algeria says OPEC discussing 9-month extension to cuts

VIENNA: Algerian Energy Minister Noureddine Boutarfa said on Tuesday that OPEC was discussing a possible nine-month exte

Published 23 May, 2017 05:22pm

Energy

Shell shareholders reject emissions target proposal

THE HAGUE: Royal Dutch Shell shareholders on Tuesday widely rejected a proposal by an environmental group calling for th

Published 23 May, 2017 05:11pm

Energy

Ecuador oil minister says OPEC likely to extend cuts by 9 months

VIENNA: Ecuador Oil Minister Jos? Icaza Romero said on Tuesday that OPEC and other oil-producing countries would discuss

Published 23 May, 2017 04:49pm

Energy

OPEC panel looking at deepening, extending oil cuts

VIENNA: An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of dee

Published 19 May, 2017 01:16pm

Energy

Oil heads for 2nd week of gains as output cut extension expected

LONDON: Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters wi

Published 19 May, 2017 12:32pm

Energy

Germany's Jan-March gas imports up 16.9pc, bill 32.6pc higher

FRANKFURT: Germany imported 16.9 percent more natural gas in January through March versus a year earlier, while higher c

Published 18 May, 2017 06:13pm

Energy

Europe Gasoline/Naphtha-Cracks slip as stockpiles, crude prices rise

LONDON: Gasoline benchmark refining margins in northwest Europe slipped on Thursday as inventories of the fuel rose with

Published 18 May, 2017 05:14pm

Energy

West Africa Crude-Nigerian July loading programmes surface

LONDON: The market was focussed on emerging July loading programmes and trade was limited to tenders, with Ang

Published 18 May, 2017 05:07pm

Energy

North Sea Crude-Diffs hold; cargoes line up for Atlantic crossings

LONDON: North Sea crude differentials held unchanged on Thursday after traders reported no deals had taken place in the

Published 18 May, 2017 04:57pm

Energy

Global oil rises ahead of US inventory data

LONDON: Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue

Published 17 May, 2017 03:53pm

Energy

Oil turns positive as market awaits EIA data

LONDON: Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue as to whe

Published 17 May, 2017 03:03pm

Energy

Oil rises on expectations of extended supply curbs

LONDON: Oil prices extended gains on Tuesday after top producers Saudi Arabia, Russia and Kuwait supported prolonging su

Published 16 May, 2017 05:20pm

Energy

North Sea oil projects to start up 2017-2019

LONDON: New oil projects in the North Sea aim to add 1.2 million barrels per day (bpd) of new capacity, a level that wil

Published 16 May, 2017 05:09pm

Energy

Oil output spike brightens North Sea's twilight years

LONDON: North Sea oil output is expected to jump by a net 400,000 barrels per day (bpd) or about a fifth in the next two

Published 16 May, 2017 05:06pm

Energy

Russia's Gazprom says gas output at 180 bcm in 2017

MOSCOW: Russia's Gazprom said on Tuesday its natural gas output over January 1 to May 15 stood at 180.1 billion cubic me

Published 16 May, 2017 05:02pm

Energy

West Africa Crude-Nigerian grades weaken on sweet grade oversupply

LONDON: Buying interest for light sweet Nigerian grades was limited on Tuesday and traders said differentials were falli

Published 16 May, 2017 04:10pm

Energy

Europe Distillates-Diffs hold strong on limited supplies

LONDON: Diesel barge differentials in northwest Europe edged higher on Monday as limited imports into the regi

Published 15 May, 2017 09:51pm

Energy

Europe Gasoline/Naphtha-Gasoline margins steady as exports support

LONDON: Gasoline margins were largely unchanged on Monday, supported by relatively firm demand to export European cargoe

Published 15 May, 2017 08:08pm

Energy

North Sea Crude-Forties off lows on flurry of stronger bids

LONDON: North Sea Forties crude differentials rose sharply on Monday, following a flurry of stronger bids, as the end of

Published 15 May, 2017 08:06pm

Energy

GLOBAL MARKETS-Oil price jump soothes cyber nerves

LONDON: Oil's strongest run of gains since December cushioned the hit to stock markets on Monday from a successful missi

Published 15 May, 2017 04:27pm

Energy

OPEC and hedge funds are trapped in Groundhog Day

LONDON: Hedge funds had become increasingly bearish towards crude oil by the middle of last week, leaving them vulnerabl

Published 15 May, 2017 04:15pm

Energy

Oil rises above $52 as Saudis and Russia back longer supply cut

LONDON: Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said

Published 15 May, 2017 04:06pm

Energy

West Africa Crude-Nigerian exports to rise, Angolan programme next week

LONDON: Nigerian crude supplies are expected to rise significantly in the coming months with the resumption of Forcados

Published 12 May, 2017 06:26pm

Energy

India's gasoline boom stalls: Kemp

LONDON: India's gasoline consumption has flattened out in recent months after tremendous growth between 2014 and 2016.

Published 12 May, 2017 02:09pm

Energy

Europe Gasoline/Naphtha-Gasoline firms slightly on lower stocks

LONDON: Gasoline margins were underpinned by falling stocks in northwest Europe but gains were tempered by US data showi

Published 11 May, 2017 05:08pm

Energy

North Sea Crude-Diffs steady, Shell offers Forties

LONDON: North Sea crude differentials held unchanged on Thursday after daily trading window passed without any deals bei

Published 11 May, 2017 05:04pm

Energy

Egypt starts weaning itself off foreign gas as output surges

AMSTERDAM: Egypt is holding talks with its liquefied natural gas (LNG) suppliers to defer contracted shipments this year

Published 11 May, 2017 02:35pm

Energy

UK GAS-Gas prices decline on warmer weather

LONDON: British wholesale gas prices declined on Thursday afternoon on expectations of warmer weather for the

Published 11 May, 2017 01:33pm

Energy

Oil up after US inventories fall, Saudi cuts to Asia

LONDON: Oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a

Published 11 May, 2017 01:14pm

Energy

North Sea Crude-Diffs hold despite looming Buzzard maintenance

LONDON: North Sea crude differentials held unchanged on Wednesday in spite of a prospective drop in supply of Forties wh

Published 10 May, 2017 05:59pm

Energy

Rosneft aims to complete purchase of India's Essar Oil by end June

MOSCOW: Russia's largest oil producer Rosneft expects to complete the acquisition of Indian refiner Essar Oil

Published 10 May, 2017 04:16pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks dip on slower exports

LONDON: Gasoline refining margins in northwest Europe slightly dipped on Wednesday after a draw in US inventories, but l

Published 10 May, 2017 03:53pm

Energy

Shell proposes adding Russian oil to Brent benchmark

LONDON: Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude b

Published 10 May, 2017 02:04pm

Energy

Russia boosts Urals oil flow to India as OPEC cuts production

MOSCOW: Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting

Published 10 May, 2017 01:57pm

Energy

Oil rises after US inventories drop, but extra supplies weigh

LONDON: Oil prices rose on Wednesday after a larger-than-expected fall in US crude inventories but failed to recoup last

Published 10 May, 2017 01:00pm

Energy

Oil rises after hint of longer extension to OPEC cut

LONDON: Oil rose on Monday, reversing earlier losses, after sources said OPEC and its partners were considering extendin

Published 08 May, 2017 04:32pm

Energy

West Africa Crude-Angolan June availability dwindles, Nigerian trade slow

LONDON: Trade of Nigerian crude was slow with offers not meeting buying interest and uncertainty remained over Nigeria's

Published 08 May, 2017 04:23pm

Energy

Shell Convent refinery hydrocracker remains shut

HOUSTON: The heavy oil hydrocracking unit (HCU) at Royal Dutch Shell Plc's 235,000-barrel-per-day (bpd) Convent, Louisia

Published 08 May, 2017 04:04pm

Energy

Gazprom starts construction of gas pipeline to Turkey

MOSCOW: Russian gas firm Gazprom said Sunday construction had begun of a gas pipeline under the Black Sea to T

Published 07 May, 2017 06:35pm

Energy

Oil spill leaves commodities spinning, safe-havens shine

LONDON: A slump in oil prices to the lowest in almost six months rattled markets on Friday, prompting a rally in safe-ha

Published 05 May, 2017 04:20pm

Energy

GLOBAL LNG-Prices edge lower as oil drops and production rises

LONDON/SINGAPORE: Asian spot LNG prices fell this week on the back of rising production and lower oil prices while publi

Published 05 May, 2017 04:19pm

Energy

Oil price bull Andurand closes bet on rally

LONDON: Pierre Andurand, who runs one of the biggest hedge funds specialising in oil, liquidated the fund's last long po

Published 05 May, 2017 03:38pm

Energy

Statoil profit jumps with overseas operations back in the black

OSLO: Statoil reported a far bigger jump in first-quarter operating profit than expected on Thursday, helped by the firs

Published 04 May, 2017 03:18pm

Energy

Oil wipes out OPEC-inspired gains with break below $50/bbl

LONDON: Oil fell to its lowest since late November on Thursday, as concern over rising global supply and stubbornly high

Published 04 May, 2017 02:13pm

Energy

West African oil exports to Asia to edge higher in May

LONDON: Asia's West African crude oil loadings in May are expected to edge higher from the previous month, but remain be

Published 04 May, 2017 01:53pm

Energy

Russia's Rosneft says Q1 oil output down 70,000 bpd from Oct

MOSCOW: Russia's largest oil producer Rosneft has cut its average first-quarter oil production by a little mor

Published 03 May, 2017 02:46pm

Energy

Oil rebounds from near 2017 lows on falling US crude stocks

LONDON: Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected

Published 03 May, 2017 02:31pm

Energy

German diesel car sales drop 19pc, lose market share

BERLIN: New car sales in Germany declined 8 percent in April, with sales of diesel-powered vehicles dropping 19 percent

Published 03 May, 2017 02:07pm

Energy

Med crude-Urals seen weaker as demand for May resources faints

MOSCOW: Urals differentials weakened slightly on Tuesday as the demand for May-loading cargoes reduced after r

Published 02 May, 2017 04:56pm

Energy

Russian oil output declines, almost at global pact target

MOSCOW: Russian oil production edged down to 11.00 million barrels per day (bpd) in April from 11.05 million bpd in Marc

Published 02 May, 2017 03:01pm

Energy

North Sea BFOE crude oil supply to fall to three-month low in June

LONDON: Supply of the four streams of North Sea crude that underpin the dated Brent benchmark will fall to its lowest in

Published 02 May, 2017 02:38pm

Energy

Georgia's Batumi port posts 20.4pc fall yr/yr in Jan-Apr oil shipments

TBILISI: Shipments of crude and refined oil products from the Georgian Black Sea port of Batumi fell 20.4 perc

Published 02 May, 2017 02:14pm

Energy

Oil slips below $52 as US drilling, China worries weigh

LONDON: Oil edged below $52 a barrel on Monday as rising crude output and drilling in the United States countered OPEC-l

Published 01 May, 2017 12:49pm

Energy

Oil rebounds from one-month low on hopes for output cut extension

LONDON: Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at

Published 28 Apr, 2017 03:52pm

Energy

Oil rises from one-month low on hopes of output deal extension

LONDON: Oil prices rose on Friday after a slide to a one-month low the previous day prompted investors to buy at cheaper

Published 28 Apr, 2017 02:34pm

Energy

Europe Gasoline/Naphtha-Cracks slump as US supply closes arbitrage

LONDON: Gasoline refining margins in northwest Europe fell on Thursday as rising inventories in the United States depres

Published 27 Apr, 2017 04:26pm

Energy

Denmark's energy agency lowers North Sea oil, gas production outlook

COPENHAGEN: Danish Energy Agency has lowered its estimate for total oil and gas production from the Danish part of the N

Published 27 Apr, 2017 01:55pm

Energy

Russian diesel exports from Primorsk seen at 1.242mn T in May

MOSCOW: Russian exports of ultra-low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk are expected to fall 5.7

Published 27 Apr, 2017 01:39pm

Energy

North Sea Forties crude supply to fall in June

LONDON: Supply of North Sea Forties crude oil will fall in June from May, according to loading programmes seen by tradin

Published 27 Apr, 2017 01:28pm

Energy

Gazprom hikes Ukraine claim to $37bn, says verdict due June 30

MOSCOW: Russian gas giant Gazprom has increased its claim against Ukraine's Naftogaz to $37 billion and expect

Published 27 Apr, 2017 01:19pm

Energy

Oil prices fall after Libyan oilfields restart

LONDON: Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export i

Published 27 Apr, 2017 01:18pm

Energy

Oil market heading towards balance, more draws needed

PARIS: OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories wa

Published 27 Apr, 2017 01:04pm

Energy

North Sea Crude-Rising imports keep Brent diffs near 18-month lows

LONDON: North Sea Brent crude differentials held around their weakest in around 18 months on Wednesday, under pressure f

Published 26 Apr, 2017 07:04pm

Energy

Drilling costs rise as US oil, gas activity picks up: Kemp

LONDON: US oil and gas drilling costs have started to rise in response to a surge in activity and are set to increase fu

Published 26 Apr, 2017 04:42pm

Energy

Russia's Gazprom seen doubling Q4 profit thanks to stronger rouble

MOSCOW: Russian gas giant Gazprom is on average expected to report a 95 percent rise in fourth-quarter net inc

Published 26 Apr, 2017 04:39pm

Energy

Oil prices slip ahead of US stock data after surprise API build

LONDON: Oil prices edged lower on Wednesday ahead of data that will shed light on US crude inventories after an industry

Published 26 Apr, 2017 03:36pm

Energy

Oil dips on doubts over OPEC's ability to reduce inventories

LONDON: Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories pu

Published 25 Apr, 2017 04:19pm

Energy

Gazprom CEO sees share of EU gas market rising despite LNG rivals

LONDON: A new pipeline from Russia's Arctic fields to Germany will boost Moscow's share of the European gas market despi

Published 25 Apr, 2017 02:31pm

Energy

Oil edges up, breaking six-day stretch of losses

LONDON: Oil prices nudged higher on Tuesday, breaking a six-day streak of price falls, but doubts about OPEC's ability t

Published 25 Apr, 2017 01:13pm

Energy

Med Crude-Urals up on provisional loading plan, Asian demand

MOSCOW: Urals prices in northwest Europe firmed on Monday after a provisional loading plan for May showed Baltic Sea loa

Published 24 Apr, 2017 05:37pm

Energy

Russian gasoline, gasoil, fuel oil exports in March

MOSCOW: Here are figures for Russian exports of gasoline, gasoil and fuel oil in March 2017, provided by the Energy Mini

Published 24 Apr, 2017 03:58pm

Energy

Norway's Statoil plays down risks ahead of Arctic drilling

OSLO: Norway's Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts it

Published 24 Apr, 2017 03:44pm

Energy

Oil slips, as investors fret about rising US drilling

LONDON: Oil prices dipped on Monday, reversing earlier gains as concerns about a pick up in US drilling activi

Published 24 Apr, 2017 03:41pm

Energy

Gazprom's western partners agree financing for $10.3bn Nord Stream 2 pipeline

PARIS: Western partners of gas giant Gazprom agreed on Monday on financing the 9.5-billion euro ($10.32 billion)Nord Str

Published 24 Apr, 2017 03:37pm

Energy

Oil recovers some ground, rise in US drilling caps gains

LONDON: Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC wil

Published 24 Apr, 2017 12:51pm

Energy

US natural gas prices soften, market eyes big hedge fund longs: Kemp

LONDON: Hedge fund managers have accumulated a near-record bullish position in US natural gas futures and opti

Published 24 Apr, 2017 12:41pm

Energy

Turkey's gas demand by 2030 likely to be below official forecasts

LONDON: Turkey is likely to require 25 percent less gas in 2030 than forecast by state-owned pipeline operator Botas as

Published 24 Apr, 2017 11:58am

Energy

Hedge fund confidence in OPEC starts to fray: Kemp

LONDON: OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market reb

Published 20 Apr, 2017 05:33pm

Energy

Oil prices flatten as rise in US production weighs

LONDON: Oil prices were largely flat on Thursday after steep losses the previous session, with rising US production weig

Published 20 Apr, 2017 02:42pm

Energy

EU 2016/17 wheat exports reach 19.6 mln T, 346 000 T this week

PARIS: European Union soft wheat exports in the 2016/17 season had reached 19.6 million tonnes by April 18, down 19 perc

Published 20 Apr, 2017 02:22pm

Energy

Med Crude-Urals up in NWE as loadings inch lower early in May

MOSCOW: Urals crude differentials to dated Brent in northwest Europe rose on Tuesday after the four-day Ea

Updated 19 Apr, 2017 11:58am

Energy

Oil hits 11-day low on expected surge in US shale output

LONDON: Oil prices hit their lowest in 11 days on Tuesday on news that US shale oil output in May is expected to post th

Published 18 Apr, 2017 02:58pm

Energy

Statoil confident Brazil deal to go ahead despite suspension

OSLO: Norway's Statoil is confident that its deal with Petr?leo Brasileiro SA to acquire a stake in exploration block BM

Published 18 Apr, 2017 02:57pm

Energy

Oil slides as US pumps more, but OPEC and North Korea loom

LONDON: Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteractin

Published 17 Apr, 2017 02:37pm

Energy

Russia's Gazprom says Belarus paid off gas debt of $726mn

MOSCOW: Russian gas giant Gazprom said on Thursday that Belarus has paid off in full a debt of $726.2 million

Published 13 Apr, 2017 05:49pm

Energy

Med Crude-Urals down in the north, first loading dates for May loom

MOSCOW: Urals crude differentials to dated Brent in northwest Europe fell for a second day on Thursday pressured by sell

Published 13 Apr, 2017 05:32pm

Energy

Shell lobbies Dutch government to quadruple offshore wind target by 2030

LONDON: Anglo-Dutch oil major Royal Dutch Shell said it has urged the Dutch government to come up with bolder offshore w

Published 13 Apr, 2017 05:11pm

Energy

Total, JERA LNG deal signals move to offer flexible contracts

PARIS: French oil and gas major Total has signed a short-term liquefied natural gas (LNG) supply contract with Japan's J

Published 13 Apr, 2017 04:42pm

Energy

World oil market 'close to balance' despite OPEC cuts: IEA

PARIS: Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-l

Published 13 Apr, 2017 04:30pm

Energy

World oil market 'close to balance' despite OPEC cuts: IEA

PARIS: Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-l

Published 13 Apr, 2017 08:54am

Energy

Brent oil rises for 8th day on possible extension to supply cut

LONDON: Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's

Published 12 Apr, 2017 05:52pm

Energy

Med Crude-Urals eases on lower demand for April volumes

MOSCOW: Urals differentials eased slightly in northwest Europe and the Mediterranean as a few April-loading cargoes

Updated 19 Apr, 2017 12:22pm

Energy

Europe Distillates-Diesel discounts widen after ICE gasoil expiry

LONDON: Diesel differentials widened on Wednesday following the expiry of the ICE April gasoil contract and liquidity ro

Published 12 Apr, 2017 05:06pm

Energy

OPEC says oil deal bearing fruit, but US pumping more

PARIS: World oil production fell in March thanks to a deal to cut output, OPEC said Wednesday, but the cartel'

Published 12 Apr, 2017 03:58pm

Energy

Rosneft says newly acquired Siberia oilfields to boost its output this year

MOSCOW: Russia's top oil producer Rosneft has completed the acquisition of the Kondaneft group of oilfields in West Sibe

Published 11 Apr, 2017 05:11pm

Energy

Premier Oil CEO pay rises by a third as company recovers from weak prices

LONDON: The head of North Sea oil producer Premier Oil saw his final pay package rise by a third last year to

Published 11 Apr, 2017 04:57pm

Energy

Russia's Gazprom signs gas transport deal with Slovakia's Eustream

MOSCOW: Russian gas giant Gazprom said on Tuesday it had signed a 5.3 billion euro ($5.6 billion) gas transportation fra

Published 11 Apr, 2017 04:19pm

Energy

OPEC figures show oil output cuts exceed pledge in March

DUBAI/LONDON: OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the

Published 11 Apr, 2017 04:17pm

Energy

Oil eases from 5-week high, US output rise undermines rally

BOSTON: Crude oil edged back from a five-week high on Tuesday as rising US shale oil production weighed against support

Published 11 Apr, 2017 04:13pm

Energy

Europe Distillates-Margins climb on limited imports

LONDON: Diesel refining margins in northwest Europe rose slightly on Tuesday boosted by a closed arbitrage into the regi

Published 11 Apr, 2017 04:11pm

Energy

Oil rises towards $56 on Libyan field shutdown, Syria

LONDON: Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield, tension over

Published 10 Apr, 2017 05:09pm

Energy

Russia resumes LPG exports to Ukraine

KIEV: Russia has resumed liquefied petroleum gas (LPG) exports to Ukraine after a pause of several days, Ukrai

Published 07 Apr, 2017 02:50pm

Energy

French non-EU wheat exports dip in February after 2-month rise

PARIS: French wheat exports outside the European Union weakened in February, after rising for two months in a

Published 07 Apr, 2017 02:05pm

Energy

Nigeria to require higher quality on fuel imports from July 1

LONDON: Nigeria will raise quality standards on its imported gasoline, diesel and kerosene from July 1, a chan

Published 07 Apr, 2017 12:44pm

Energy

Oil hits one-month high after US missile strike in Syria

LONDON: Oil prices hit a one-month high on Friday after the United States fired missiles at a Syrian governmen

Published 07 Apr, 2017 12:31pm

Energy

Oil prices edge up after dent from US inventories

LONDON: Oil prices rose on Thursday, on track for a fourth consecutive daily gain, after recovering from losses triggere

Published 06 Apr, 2017 03:18pm

Energy

Australia thermal coal cargoes for May rise to four-month high

LONDON: Thermal coal for export in May from Australia's Newcastle port rose to a four-month high of $90 a tonne on Thurs

Published 06 Apr, 2017 03:11pm

Energy

Traders clear Europe's tanks by shipping more gasoline to US

LONDON: Traders are shipping more gasoline from Europe to the US East Coast ahead of the summer driving season as a stea

Published 06 Apr, 2017 01:42pm

Energy

Norway says China wants to increase energy cooperation

OSLO: Norway and China are looking to increase cooperation on energy, a senior Norwegian official told Reuters, in anoth

Published 06 Apr, 2017 01:40pm

Energy

Russia's Rosneft to receive first Iraq's Kurdish oil cargo this week

MOSCOW: Russia's Rosneft, the world's top listed oil producer, will receive first cargo of 600,000 barrels of

Published 06 Apr, 2017 01:26pm

Energy

LNG tanker Arctic Voyager due to arrive at Rotterdam on April 14

LONDON: Liquefied natural gas tanker Arctic Voyager is due to arrive at the port of Rotterdam on April 14, Reu

Published 06 Apr, 2017 01:24pm

Energy

Russia's Gazprom says will buy 4 bcm of gas per year from Uzbekistan

MOSCOW: Russian gas giant Gazprom has signed a five-year deal to buy 4 billion cubic metres (bcm) of gas from

Published 05 Apr, 2017 06:00pm

Energy

Oil jump, easing political fears, arrest euro zone bond yield slide

LONDON: A surge in oil prices and an easing of concerns over France's upcoming presidential election appeared to put the

Published 05 Apr, 2017 04:34pm

Energy

Europe Distillates-Cracks steady amid strong regional demand

LONDON: Diesel refining margins in northwest Europe held steady on Wednesday, supported by strong regional dem

Published 05 Apr, 2017 04:15pm

Energy

Oil hits one-month high near $55 on tighter supplies

LONDON: Oil hit a one-month high near $55 a barrel on Wednesday as a fall in U.S. crude inventories raised hop

Published 05 Apr, 2017 10:37am

Energy

Oil prices rise on forecasts of lower US inventories

LONDON: Oil prices rose on Tuesday as expectations of a draw down in US crude and product inventories outweigh

Published 04 Apr, 2017 07:54pm

Energy

West Africa Crude-Traders focus on tenders, Taiwan CPC re-selling

LONDON: Trading in Nigerian crude was limited on Monday with traders focusing on several tenders, while Taiwan was seen

Published 03 Apr, 2017 08:38pm

Energy

Supply of North Sea Brent crude to rise in May

LONDON: Supply of Brent crude oil will rise in May to a four-month high, according loading programmes seen by a trading

Published 03 Apr, 2017 08:20pm

Energy

Oil stocks help European shares steady at 16-month highs

MILAN: European shares edged up on Monday helped by stronger oil stocks, while the loss of major customer Apple hammered

Published 03 Apr, 2017 07:58pm

Energy

Russian oil output falls in March to 11.05mn bpd

MOSCOW: Russian oil output was 11.05 million barrels per day (bpd) in March, down 200,000 bpd from October - t

Published 02 Apr, 2017 09:43am

Energy

West Africa Crude-April cargoes clear, but fresh Qua loading delays

LONDON: Several cargoes from April loading programmes cleared out on Friday, but trading was otherwise limited while

Published 31 Mar, 2017 03:23pm

Energy

Angola LNG closes tender to sell early April loading cargo

MILAN: Angola's liquefied natural gas (LNG) export plant closed a tender on Thursday to sell one cargo loa

Published 30 Mar, 2017 02:20pm

Energy

Oil prices higher as OPEC grapples with oversupply

LONDON: Oil prices rose further on Thursday, building on two days of increases after Kuwait gave its backing f

Published 30 Mar, 2017 02:16pm

Energy

Exxon to sell its Norway-operated oilfields

OSLO: Exxon Mobil has agreed to sell its operated upstream business in Norway to private equity firm HitecVision and oil

Published 29 Mar, 2017 12:55pm

Energy

Oil slips towards $50 on doubts over duration of output cut

LONDON: Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cu

Published 27 Mar, 2017 02:42pm

Energy

Oil edges up as Saudis cut supplies to US, but global glut remains

LONDON: Oil edged higher on Friday, boosted by hopes that an OPEC output cut was beginning to balance a long-o

Published 24 Mar, 2017 03:21pm

Energy

Russian April Urals oil exports from Baltic ports seen at 7.5mn tonnes

MOSCOW: Russian exports of Urals crude oil from Baltic ports are set to rise to 7.5 million tonnes in April fr

Published 24 Mar, 2017 03:16pm

Energy

Oil eases despite weak dollar as US stockpiles remain high

NEW YORK: Oil prices eased on Thursday, as support from a weaker dollar was offset by a stubbornly high level of US inventories near record highs that suggested OPEC-led output cuts were starting to drain supplies.

Published 16 Mar, 2017 04:26pm

Energy

Oil rebounds off lows as US inventories ease off record high

NEW YORK: Oil prices rose more than 1 percent Wednesday, lifted by a surprise drawdown in US crude inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts should create a crude deficit in the first half of 2017.

Published 15 Mar, 2017 04:06pm

Energy

Global oil supplies up, but OPEC abides by output cut: IEA

PARIS: OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless increased in February, the International Energy Agency said on Wednesday.

Published 15 Mar, 2017 10:35am

Energy

Oil drops amid rising stocks, dragging on energy shares

NEW YORK: Oil prices tumbled on Tuesday, weighing down energy shares in the wake of a report of rising crude stocks, while the US dollar strengthened ahead of an expected Federal Reserve decision to raise interest rates.

Published 14 Mar, 2017 07:01pm

Energy

Oil hits three-month lows as inventories continue to rise

LONDON: Oil prices fell to three-month lows on Tuesday after OPEC reported that crude inventories in developed countries had risen above the five-year average in January despite production cuts by some of the world's largest exporters.

Published 14 Mar, 2017 01:50pm

Energy

OPEC flags headwinds for oil supply cut even as compliance rises

LONDON: OPEC said on Tuesday oil inventories had continued to rise despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in the effort to clear a glut.

Published 14 Mar, 2017 01:44pm

Energy

Shell updates Brent oil trading terms to add Troll to benchmark

LONDON: Royal Dutch Shell has updated the terms which govern Brent oil trade to allow for the addition of a fifth crude oil grade into the basket used to assess the global oil benchmark.

Published 13 Mar, 2017 06:49pm

Energy

Oil down again, dollar steady as pivotal week for markets gets underway

LONDON: Oil prices, down for a fifth straight day on Monday, were an outlier in a relatively calm start to an event-packed week for global markets as investors braced for a potential interest rate hike in the United States, a Dutch election and the first

Published 13 Mar, 2017 01:40pm

Energy

Russian oil major says US shale growth imperils OPEC deal

MOSCOW: A recovery in US oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia's top oil major said on Monday.

Published 13 Mar, 2017 01:36pm

Energy

Statoil scraps plan to build new head office after job cuts

OSLO: Norway's Statoil has ditched plans to build a futuristic-looking head office in Stavanger after cutting the size of its workforce by almost 3,000 in recent years, a spokesman for the oil and gas firm said on Friday.

Published 10 Mar, 2017 12:51pm

Energy

Oil edges off 3-month low but glut worries persist

LONDON: Oil prices recovered a little on Friday after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC-led production cuts.

Published 10 Mar, 2017 12:41pm

Energy

Oil prices slide more, US crude below $50

NEW YORK: Oil prices slid nearly 3 percent on Thursday, extending the previous session's dive that brought prices to the lowest levels this year, as record US crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.

Published 09 Mar, 2017 07:33pm

Energy

US crude oil slumps below $50 after stocks build

LONDON: Oil prices fell more than 2 percent on Thursday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite supply cuts.

Published 09 Mar, 2017 01:20pm

Energy

Oil drops further below $56 on report of US inventory rise

LONDON: Oil dropped further below $56 a barrel on Wednesday after an industry report pointed to a large rise in crude inventories in the United States, renewing oversupply concerns despite OPEC output curbs.

Published 08 Mar, 2017 11:56am

Energy

Oil imports lift US trade deficit to near five-year high

WASHINGTON: The US trade deficit jumped to a near five-year high in January as rising oil prices helped to push up the import bill, pointing to slower economic growth in the first quarter and posing a challenge for the Trump administration.

Published 07 Mar, 2017 05:52pm

Energy

Oil prices entrenched in tight range; eyes on data

LONDON: Oil prices were little changed on Tuesday, trading in a tight range as rising U.

Published 07 Mar, 2017 10:51am

Energy

Oil slips on concerns over Chinese demand, Russian output

LONDON: Oil prices slipped on Monday, wiping out some of the previous session's gains, as lower growth targets in China and concerns over Russia's compliance with a global deal to cut oil output sparked renewed worries over a crude oil supply glut

Published 06 Mar, 2017 01:21pm

Energy

Oil edges higher on weaker dollar after sell-off

LONDON: Oil prices rose on Friday, recouping some of the previous session's losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.

Published 03 Mar, 2017 03:24pm

Energy

Moscow oil refinery halts CDU-3 unit until mid-April

MOSCOW: Moscow oil refinery, controlled by Gazprom Neft, has shut its Crude Distillation Unit-3 for an unplanned maintenance, completely halting production of oil products umtill mid-April, industry sources told Reuters on Friday.

Published 03 Mar, 2017 12:18pm

Energy

Oil down on record US crude stocks, flat Russian output

LONDON: Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.

Published 02 Mar, 2017 01:29pm

Energy

Russia's Novak says talk of global oil output cuts extension premature

SOCHI: It is too soon to say if a global deal on oil output cuts will be extended later this year, but the current agreement envisages such a possibility, Russian Energy Minister Alexander Novak told Reuters in an interview.

Published 02 Mar, 2017 12:41pm

Energy

Oil gains as bullish bets on rising prices hit record high

LONDON: Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U.

Published 27 Feb, 2017 02:43pm

Energy

Spain's Repsol back in the black on higher oil

MADRID: Spain's energy giant Repsol swung back to profit last year as oil prices recovered at the end of 2016.

Published 23 Feb, 2017 03:12pm

Energy

West Africa Crude-Trade thin with focus on industry event in London

LONDON: Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap after OPEC-led production cuts announced late last year.

Published 22 Feb, 2017 07:28pm

Energy

Oil drops on worries of swelling US stockpiles

NEW YORK: Oil prices fell about 1.

Published 22 Feb, 2017 07:26pm

Energy

Oil slips on dollar strength but cushioned by OPEC optimism

LONDON: Global oil prices slipped on Wednesday as the US dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signalled optimism over its deal with other producers to curb output.

Published 22 Feb, 2017 01:36pm

Energy

Oil up 2pc as OPEC chief sees higher compliance with cuts

NEW YORK: Oil prices rose about 2 percent to near three-week highs on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher as it expects other producers join its efforts to curb

Published 21 Feb, 2017 05:27pm

Energy

Oil rises as OPEC aims for deeper output cuts

LONDON: Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

Published 21 Feb, 2017 03:56pm

Energy

Oil rises, but swelling US output caps rally

NEW YORK: Oil prices inched higher on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing US output and stubbornly high stockpiles kept price gains in check.

Published 20 Feb, 2017 07:52pm

Energy

Oil rises, but faces prospect of growing US output

LONDON: Oil prices rose on Monday but gains were limited as investors gauged whether an increase in US drilling rigs and record stockpiles might offset the existing push by producers to cut output and bring the market into balance.

Published 20 Feb, 2017 02:08pm

Energy

Oil prices drop as oversupply concerns overshadow OPEC cuts

NEW YORK: Oil prices slipped on Friday, retreating from the previous day's gains under pressure from a stronger dollar and rising US shale oil output, but losses were limited by expectations that producing countries will eventually cut enough output t

Published 17 Feb, 2017 05:05pm

Energy

Oil rises after news OPEC could extend output cuts

LONDON: Oil prices rose on Thursday after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level.

Published 16 Feb, 2017 02:32pm

Energy

Oil reverses course and pulls back after brief rally

NEW YORK: Oil turned negative Wednesday, as falling gasoline futures weighed down crude prices on concerns that oversupply in the U.

Published 15 Feb, 2017 05:24pm

Energy

Oil slips further below $56, US inventory report awaited

LONDON: Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in US crude inventories signalled ample supply, even as OPEC achieves record compliance with its supply-cut accord.

Published 15 Feb, 2017 03:15pm

Energy

Oil pares gains as US supply concerns overshadow OPEC cuts

NEW YORK: Oil pared gains on Tuesday as concerns about rising supply from US shale output overshadowed an OPEC-led effort to cut global output, which has supported oil prices in a higher range.

Published 14 Feb, 2017 07:28pm

Energy

Europe Gasoline/Naphtha-Cracks Weaken but hold near three-month high

LONDON: Gasoline refining margins slightly declined on Tuesday but held near three-month highs due to strong demand in Asia and the Middle East and refinery outages in the region.

Published 14 Feb, 2017 07:27pm

Energy

Oil rises as OPEC-led output cuts trim oversupply

LONDON: Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year.

Published 14 Feb, 2017 01:24pm

Energy

OPEC reports big Saudi oil cut, boosting compliance with deal

LONDON/KHOBAR: Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group's supply-reduction deal to a record high of more than 90 percent.

Published 13 Feb, 2017 05:28pm

Energy

Med Crude-Urals diffs unchanged, exports from Baltic See ports on Mar.1-6 seen flat m/m

MOSCOW: Urals crude differentials to dated Brent in northwest Europe and the Mediterranean were stable on Monday, while Russia's preliminary export schedule for March 1-6 showed steady export flows from Primorsk and Ust-Luga.

Published 13 Feb, 2017 05:13pm

Energy

Oil prices fall on bloated US fuel inventories, stalling China demand

LONDON: Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in US crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied despite OPEC-led efforts to cut output.

Published 08 Feb, 2017 03:08pm

Energy

Oil steadies as Iran and OPEC offset by US drilling rebound

LONDON: Oil steadied near $57 barrel on Monday as OPEC supply cuts and rising tensions between the United States and Iran were countered by ample inventories and signs that higher prices will revive US output.

Published 06 Feb, 2017 01:51pm

Energy

Shell looking to sell stake in Danish venture

LONDON: Royal Dutch Shell is seeking to sell its stake in the Danish Underground Consortium (DUC), an offshore oil and gas joint venture, in what would mark the company's effective exit from Denmark, three banking sources said.

Published 06 Feb, 2017 01:46pm

Energy

Shell outstrips Exxon on profit, cashflow seen signalling revival

LONDON: Shell made more money than Exxon Mobil in the second half of 2016, despite the Anglo-Dutch oil major's annual profit hitting its lowest level in more than a decade as it grappled with a deep downturn.

Published 02 Feb, 2017 04:03pm

Energy

Oil up as OPEC cuts outweigh rise in US stocks

LONDON: Oil prices rose on Thursday as evidence that OPEC and other big exporters were cutting production outweighed a sharp rise in US crude and gasoline stockpiles.

Published 02 Feb, 2017 03:51pm

Energy

Oil pares gains on bigger-than-expected US crude build

NEW YORK: Oil pared gains on Wednesday after weekly US supply data suggested a crude glut may persist, despite signs that Russia and OPEC producers are delivering on promised supply reductions.

Published 01 Feb, 2017 05:59pm

Energy

OPEC cut extension could hurt Saudi plan to balance market

ANTWERP: An extension of OPEC oil production cuts could push oil prices too high to meet Saudi Arabia and others' objective of balancing the market without encouraging US shale output, Gunvor's head of oil market research said on Wednesday.

Published 01 Feb, 2017 01:12pm

Energy

Oil prices rise as OPEC cuts output as promised

LONDON: Oil prices rose on Tuesday after news OPEC oil production has fallen by more than 1 million bpd this month, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years.

Published 31 Jan, 2017 05:15pm

Energy

Oil slips as US drilling recovery weakens deal to cut output

LONDON: Oil prices fell on Monday as news of another weekly increase in US drilling activity spread concern over rising output just as many of the world's oil producers are trying to comply with a deal to pump less to try to prop up prices.

Published 30 Jan, 2017 04:40pm

Energy

North Sea Crude-Brent and Forties strengthen, March programmes due

LONDON: North Sea Forties and Brent crude differentials firmed further on Friday, supported by stronger bids, while Ekofisk weakened slightly.

Published 27 Jan, 2017 05:46pm

Energy

Oil up 2pc on stock market, but US supply caps gains

LONDON/NEW YORK: Oil prices were driven 2 percent higher by an ongoing rally in the US stock market on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output.

Published 26 Jan, 2017 05:10pm

Energy

Rosneft offers Urals, CPC Blend in tender for April-Sept loading

MOSCOW: Russia's Rosneft issued a tender on Wednesday to sell between 2.

Published 25 Jan, 2017 01:56pm

Energy

Europe Distillates-Diesel cracks edge higher, but heavy stocks loom

LONDON: Diesel refining margins in northwest Europe edged slightly higher on Tuesday, but large stocks in the ARA hub due to limited barge movement into inland locations capped margins.

Published 24 Jan, 2017 06:08pm

Energy

Russia's Gazprom says 2016 European market share at 34pc

MOSCOW: Russian gas firm Gazprom's market share in Europe in 2016 rose to 34 percent, Interfax new agency cited Chief Executive Alexei Miller as saying on Friday.

Published 20 Jan, 2017 01:33pm

Energy

Oil rallies from 1-week low as IEA sees tighter market

LONDON: Oil prices recovered from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.

Published 19 Jan, 2017 05:01pm

Energy

OPEC output cuts under scrutiny as market tightens

LONDON: World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency (IEA) said on Thursday.

Published 19 Jan, 2017 04:44pm

Energy

Global oil, gas discoveries drop to 70-year low

LONDON: Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil prices.

Published 18 Jan, 2017 03:54pm

Energy

Oil price slides on prospect of rising US production

LONDON: Oil prices fell on Wednesday on expectations that US producers would boost output, just as OPEC signalled that a global supply-reduction deal will shrink the oil glut this year.

Published 18 Jan, 2017 03:36pm

Energy

OPEC sees smaller oil glut in 2017 but flags US shale recovery

LONDON: OPEC signalled a falling oil supply surplus in 2017 on Wednesday as the exporter group's output slips from a record high ahead of a deal to cut supply and outside producers show positive initial signs of complying with the accord.

Published 18 Jan, 2017 03:35pm

Energy

Oil edges up on weak U.S. dollar, Saudi OPEC compliance talk

NEW YORK: Oil prices edged higher on Tuesday propped up by a decline in the U.

Published 17 Jan, 2017 08:43pm

Energy

U.S. shale output set to rise in February as prices rise

NEW YORK: U.

Published 17 Jan, 2017 08:41pm

Energy

Oil steady; record high Russian output forecast offsets weak dollar

NEW YORK: Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.

Published 17 Jan, 2017 05:10pm

Energy

Oil up on Saudi commitment to cut; US output seen rising

CALGARY: Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting US output would again rise this year.

Published 16 Jan, 2017 08:26pm

Energy

Oil prices under pressure on doubts over output cuts

LONDON: Oil prices were under pressure on Monday due to doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.

Published 16 Jan, 2017 07:57pm

Energy

Oil prices slip on doubts over output cuts

LONDON: Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.

Published 16 Jan, 2017 07:56pm

Energy

China's crude oil juggernaut to roll on, but more slowly: Russell

LAUNCESTON: There is little doubt China's crude oil imports enjoyed a robust 2016, hitting a record high.

Published 16 Jan, 2017 07:50pm

Energy

Higher oil prices to help Russia avoid using up Reserve Fund

MOSCOW: The recovery in oil prices this year may help Russia's finance ministry avoid spending all of its Reserve Fund in 2017, Finance Minister Anton Siluanov said on Friday.

Published 13 Jan, 2017 01:24pm

Energy

Low LNG deliveries in southern France tighten supply

PARIS: French gas grid operator GRTgaz said on Friday that low liquefied natural gas (LNG) deliveries to the Fos-sur-Mer terminal in the south of the country had led to a tight supply situation and heavy withdrawals from saline storages to meet winter dem

Published 13 Jan, 2017 01:01pm

Energy

Oil set for weekly fall on doubts over extent of OPEC cuts

LONDON: Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009.

Published 13 Jan, 2017 12:57pm

Energy

Oil rises about 2pc on supply cuts, record China demand forecast

LONDON/NEW YORK: Oil prices rose nearly 2 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production as promised in a deal to reduce a global glut and on forecasts of record demand in China.

Published 12 Jan, 2017 07:09pm

Energy

Oil price forecasts for 2017, 2018 rise as downside risks fall

LONDON: Energy professionals have become less bearish about the outlook for oil prices in 2017 and 2018 as downside risks have fallen, an annual survey by Reuters shows.

Published 12 Jan, 2017 04:57pm

Energy

Oil rises as Saudi tells Asian customers of output cuts

LONDON: Oil prices rose for the first time in three days on Wednesday, following news of Saudi supply cuts to Asia, but persistent doubt over output reductions and signs of rising shipments from other producers kept gains in check.

Published 11 Jan, 2017 11:51am

Energy

Oil steady after recent fall as weaker dollar boosts prices

LONDON: Oil prices steadied on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts said the market looked vulnerable to further declines.

Published 10 Jan, 2017 03:40pm

Energy

Statoil stops Sikorsky S-92 helicopter flights, leaving offshore workers stranded

OSLO/LONDON: Norway's Statoil has stopped all flights of its Sikorsky S-92 helicopters for safety checks, leaving oil workers stranded on offshore platforms for at least a couple of days, the company said on Tuesday.

Published 10 Jan, 2017 03:38pm

Energy

Oil prices steady after recent falls on weaker dollar

LONDON: Oil prices stabilised on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts said the market remained vulnerable to further falls.

Published 10 Jan, 2017 01:48pm

Energy

Oil down 3pc on concerns over rising Iraqi exports, US output

NEW YORK: Oil prices tumbled by 3 percent on Monday on concern that record Iraqi crude exports and rising US output would undermine OPEC's efforts to curb global oversupply.

Published 09 Jan, 2017 06:45pm

Energy

W. Africa Crude-BPCL takes Nigerian, China snaps up Angolan

LONDON: Chinese demand for Angolan crude continued apace, and another Indian refiner booked Nigerian oil via a tender, but other spot trading was relatively quiet.

Published 09 Jan, 2017 06:29pm

Energy

Oil prices edge up on OPEC hopes, but doubts linger

LONDON: Oil prices edged higher by mid-morning on Friday as signs of output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply.

Published 06 Jan, 2017 02:02pm

Energy

West African oil loading for Asia to slip in January

LONDON: West African crude loading for Asia is expected to slide more than 10 percent in January as some buyers opt for regional grades or cargoes in floating storage, a Reuters survey of traders and shipping data showed on Thursday.

Published 05 Jan, 2017 06:08pm

Energy

Oil prices fall on big build in US gasoline, distillate stocks

NEW YORK: Oil prices slipped on Thursday after a surprisingly large increase in US inventories of gasoline and distillates, slamming the brakes on an early rally on news that Saudi Arabia had started talks with customers about reducing crude sales.

Published 05 Jan, 2017 05:38pm

Energy

Oil turns negative on strong dollar after hitting 18-mth highs

NEW YORK: Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the U.

Published 03 Jan, 2017 05:59pm

Energy

Europe Gasoline/Naphtha-Gasoline margins jump as crude prices dive

LONDON: European gasoline margins rose sharply above $10 a barrel on Tuesday as ICE Brent crude futures sank by over 2 percent on a strong dollar.

Published 03 Jan, 2017 05:55pm

Energy

US crude output jumps 232,000 bpd to 8.81m bpd in Oct

NEW YORK: US crude oil output rose 232,000 barrels per day in October to 8.

Published 30 Dec, 2016 05:22pm

Energy

Oil prices steady as rise in US inventory slows upswing

LONDON: Oil prices steadied on Thursday after a surprise increase in US inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.

Published 29 Dec, 2016 01:22pm

Energy

Mexico gasoline prices to rise as much as 20.1pc in Jan

MEXICO CITY: Mexican gasoline prices will rise by as much as 20.

Published 27 Dec, 2016 06:17pm

Energy

Oil edges further above $55 ahead of supply cut deal

LONDON: Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.

Published 27 Dec, 2016 01:53pm

Energy

Oil slips below $55 as dollar, Libyan production boost weigh

LONDON: Oil slipped below $55 a barrel on Friday as a stronger US dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other producers.

Published 23 Dec, 2016 02:03pm

Energy

Statoil says Sture oil terminal accident nearly killed staff

OSLO: An accident in October at Statoil's Sture oil export terminal on the west coast of Norway, was highly serious and almost resulted in fatalities, the company said in a report on Wednesday.

Published 21 Dec, 2016 08:00pm

Energy

Oil prices lifted by expected fall in US inventories

LONDON: Oil rose on Wednesday, driven by expectations for a decline in US crude inventories and bringing price gains for December to 10 percent, which would be the strongest performance in the final month of the year in six years.

Published 21 Dec, 2016 07:40pm

Energy

Mexico fuel prices to begin gradual liberalization at end March

MEXICO CITY: A staggered fuel price liberalization in Mexico will begin at the end of March, the head of the country's energy regulatory commission (CRE) said on Wednesday.

Published 21 Dec, 2016 07:36pm

Energy

ExxonMobil, ENI, Total to negotiate Cyprus gas exploration

NICOSIA: US giant ExxonMobil with Qatar Petroleum, Italy's ENI and France's Total have been selected to negotiate a licence to explore offshore Cyprus oil and gas, officials said Wednesday.

Published 21 Dec, 2016 07:28pm

Energy

Brent curve signals oil tanks will start emptying in second half of 2017: Kemp

LONDON: OPEC and non-OPEC oil producers have agreed to reduce their combined output by more than 1.

Published 21 Dec, 2016 07:06pm

Energy

Brent crude speculators raise bullish holdings to record high

LONDON: Speculators raised their holdings of Brent crude oil futures to a new record high last week, inspired by the first deal in 15 agreed by non-OPEC producers to join output cuts of the Organization of the Petroleum Exporting Countries.

Published 19 Dec, 2016 08:20pm

Energy

Oil price eases to $55 per barrel on stronger dollar

LONDON: Oil prices edged down on Monday due to a renewed dollar rally but were still supported at levels of around $55 per barrel on the back of delays in new Libyan oil exports and expectations of tighter supplies going into 2017.

Published 19 Dec, 2016 07:42pm

Energy

OPEC convinces hedge fund managers but must now deliver promised cuts: Kemp

LONDON: Hedge funds have amassed a record bullish position in crude oil in anticipation OPEC and non-OPEC oil producers will succeed in rebalancing the market and reducing excess stocks next year.

Published 19 Dec, 2016 07:41pm

Energy

Europe Gasoline/Naphtha-Gasoline margins edge off two-week lows

LONDON: Gasoline refining margins edged up from two-week lows on Monday, aided by a softer crude price and a pickup in exports.

Published 19 Dec, 2016 06:50pm

Energy

North Sea Crude-Forties bid near three-month highs, more VLCCs booked for Asia

LONDON: North Sea crude differentials rose on Monday, as a lingering surplus of barrels appeared to be gradually dissipating and as BP bid Forties up to near three-month highs.

Published 19 Dec, 2016 06:39pm

Energy

Russia's Gazprom sees 2016 exports at 180bn cubic metres

MOSCOW: Russian state gas company Gazprom will export 180 billion cubic metres of gas to countries outside the former Soviet Union in 2016, its chief executive Alexei Miller said on Monday.

Published 19 Dec, 2016 01:50pm

Energy

Russia's Gazprom says exports to Europe, Turkey up 11.9pc

MOSCOW: Gazprom exported 170 billion cubic metres of natural gas to Europe and Turkey between Jan.

Published 17 Dec, 2016 02:08pm

Energy

GLOBAL LNG-Cold snaps, Australian outage spur spot price to two-year high

MILAN: Asian spot liquefied natural gas (LNG) prices hit new 2016 highs this week as Japanese utilities braving cold weather snapped up shipments in a Russian tender, potentially to substitute lost Australian deliveries.

Published 16 Dec, 2016 08:13pm

Energy

Oil up $1 a barrel on signs producers to comply with cuts

NEW YORK: Oil rose on Friday, edging closer to new 17-month highs, as producers showed signs of adhering to a global deal to reduce output.

Published 16 Dec, 2016 04:52pm

Energy

Total cuts scrip dividend discount on improved outlook

PARIS: French oil and gas company Total on Friday cut the discount offered for its shares in a scrip dividend scheme for the second quarter to 5 percent from 10 percent citing improved confidence in its outlook and rising oil prices.

Published 16 Dec, 2016 01:49pm

Energy

Nigeria, set to benefit most from OPEC cut, struggles to cash in

LONDON: Nigeria, one of two OPEC countries completely shielded from any cuts to its oil production, was in line for a windfall from the group's agreement late last month to shore up the price of crude.

Published 16 Dec, 2016 01:46pm

Energy

Oil declines on selling spree, signs of output compliance cap loss

LONDON: Oil edged lower on Friday as some traders locked in recent gains by selling out of long positions, but prices remained close to 14-month highs as producers showed signs of adhering to a global supply cut.

Published 16 Dec, 2016 01:34pm

Energy

Med Crude-Urals differentials soften in northwest Europe

MOSCOW: Urals discounts to dated Brent widened further in northwest Europe on Wednesday partly in response to additional supplies being added to the December loading plan from Baltic ports.

Updated 19 Apr, 2017 12:25pm

Energy

Oil prices fall on rising US crude stocks, 2017 overhang

LONDON: Oil prices fell on Wednesday following a reported rise in US crude inventories and as OPEC signalled a growing crude surplus next year unless production cuts are implemented.

Published 14 Dec, 2016 08:50pm

Energy

OPEC signals larger 2017 oil surplus, unless cuts implemented

LONDON: OPEC on Wednesday signalled a growing oil supply surplus next year unless members implement their deal to curb output from record levels and outside producers also deliver on cutback pledges made at the weekend.

Published 14 Dec, 2016 08:50pm

Energy

Poland's PKN says buys 1mn oil barrels from Iran

WARSAW: Poland's biggest oil refiner PKN Orlen said on Wednesday it bought 1 million barrels of Iranian Light oil from National Iranian Oil Company (NIOC).

Published 14 Dec, 2016 08:48pm

Energy

West Africa Crude-Overhang lingers with new programmes due to emerge

LONDON: Around 35-40 cargoes of Nigerian crude remained in January and around a dozen Angolan cargoes.

Published 14 Dec, 2016 08:16pm

Energy

Oil prices edge off earlier gains, awaiting supply figures

NEW YORK: Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC's plan to limit production were undercut by an energy watchdog's assessment of how much those nations are currently producing.

Published 13 Dec, 2016 09:13pm

Energy

OPEC chief hails Tillerson pick for secretary of state

WASHINGTON: The head of the Organization of Petroleum Exporting Countries on Tuesday hailed US President-elect Donald Trump's nomination of ExxonMobil CEO Rex Tillerson to be the next secretary of State.

Published 13 Dec, 2016 08:18pm

Energy

Eni clinches deal with Sonatrach on gas supply contract

MILAN: Italian oil and gas group Eni said on Tuesday it had reached an agreement with Algeria's Sonatrach over gas supplies for the gas year 2016-2017.

Published 13 Dec, 2016 07:42pm

Energy

Poland to merge coal miners PGG, KHW in Q1 2017

WARSAW: Poland plans to merge its two troubled coal mining companies - PGG and KHW in the first quarter of 2017, as part of its restructuring plan for the industry, deputy energy minister Grzegorz Tobiszowski said on Tuesday.

Published 13 Dec, 2016 07:35pm

Energy

Oil demand to grow more swiftly, too early to assess global output cut

LONDON: Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully the impact of a joint cut in supply by the world's largest producers, the International Energy Agency said on Tuesday.

Published 13 Dec, 2016 07:31pm

Energy

Russia's Gazprom Neft, Iran's NIOC agree Iranian oil field studies

TEHRAN/MOSCOW/BEIRUT: Russian oil producer Gazprom Neft and National Iranian Oil Company (NIOC) agreed on Tuesday to conduct a study into the possible development of two oil fields in Iran, Russia's energy ministry Alexander Novak said.

Published 13 Dec, 2016 07:00pm

Energy

UK GAS-Prices rise as outages spur buying

LONDON: British wholesale gas prices rebounded on Tuesday afternoon after a series of outages were announced, which raised concerns about supply this week and prompted buying.

Published 13 Dec, 2016 06:47pm

Energy

Uruguay's ANCAP seeks gasoil cargo for January

HOUSTON: Uruguay's state-run oil company ANCAP has launched a tender to buy 20,000 cubic meters of gasoil for delivery Jan.

Published 13 Dec, 2016 06:43pm

Energy

US gasoline margins jump on report of Saint John refinery outage

NEW YORK: US gasoline margins jumped by more than 3 percent Tuesday morning on a report that Irving Oil had unexpectedly shut its gasoline-making unit its 300,000 barrel-per-day (bpd) Saint John refinery in New Brunswick, Canada, traders said.

Published 13 Dec, 2016 06:42pm

Energy

US STOCKS SNAPSHOT-S&P, Dow hit record highs; Fed meeting in focus

NEW YORK: Wall Street opened higher on Tuesday, with the Dow and the S&P 500 hitting fresh record highs, as investors focused on the Federal Reserve's two-day meeting where it is widely expected to raise rates for the second time since the financial c

Published 13 Dec, 2016 06:33pm

Energy

Russia signs Rosneft deal with Qatar, Glencore

MOSCOW: Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.

Published 11 Dec, 2016 12:07pm

Energy

Saudi hits new oil output record in Nov amid OPEC cut talk

VIENNA: Saudi Arabia boosted its oil production to a new record high in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower summer domestic demand and refinery maintenance.

Published 11 Dec, 2016 12:03pm

Energy

ExxonMobil CEO is Trump's top pick for secretary of state: reports

WASHINGTON: ExxonMobil President and CEO Rex Tillerson is President-elect Donald Trump's likely pick for secretary of state, US media reported Saturday, with some lawmakers quickly voicing concerns about his ties to Russian leader Vladimir Putin.

Published 11 Dec, 2016 11:01am

Energy

OPEC to push for non-member oil cuts

VIENNA: OPEC will seek Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices.

Published 10 Dec, 2016 07:17am

Energy

OPEC to push for non-member oil cuts

VIENNA: The OPEC cartel will seek Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices.

Published 09 Dec, 2016 05:50pm

Energy

Pimco cuts overweight position on emerging market equities

LONDON: PIMCO said on Thursday said it had cut its overweight position in emerging market equities on concerns over US trade policy under President-elect Donald Trump.

Published 08 Dec, 2016 03:24pm

Energy

Oil rallies over $50 despite OPEC output cut doubts

LONDON: Oil prices recovered above $50 a barrel on Thursday, bouncing back from the week's lows as the dollar weakened against major currencies.

Published 08 Dec, 2016 01:06pm

Energy

Russia, Iran agree to coordinate on oil and gas markets

MOSCOW: Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani agreed in a telephone call on Monday to coordinate steps on global oil and gas markets, the Kremlin said.

Published 28 Nov, 2016 07:59pm

Energy

North Sea Crude-Brent rises to highest since mid-Oct

LONDON: North Sea crude oil differentials edged higher on Monday, led by gains in Brent, which changed hands at its strongest in over a month after brisk trade in the daily trading window.

Published 28 Nov, 2016 07:58pm

Energy

Med Crude-Urals diffs rise on expected drop in Baltic loadings

MOSCOW: Urals crude differentials to dated Brent rose further on Monday in a spot tender, supported by healthy demand and limited supply of the grade in the second half of December, traders said.

Published 28 Nov, 2016 07:57pm

Energy

GLOBAL MARKETS-Oil rallies in choppy trade; dollar, stocks dip

NEW YORK: Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the US dollar recovered from earlier losses but was still slightly lower.

Published 28 Nov, 2016 07:53pm

Energy

Gazprom gets greater access to Germany's Opal gas pipeline

FRANKFURT: Germany's energy regulator and Gazprom have agreed terms of a deal giving the subsidiaries of the Russian group greater access to the Opal gas pipeline, which the European Union approved a month ago.

Published 28 Nov, 2016 07:51pm

Energy

Europe Distillates-Diesel cracks rise, but outlook weakens

LONDON: Diesel refining margins in northwest Europe rose on Monday amid volatile crude trading, but expected higher imports into the region weighed on the outlook.

Published 28 Nov, 2016 07:48pm

Energy

Venezuela 'optimistic' ahead of OPEC output cut talks

ALGIERS: Venezuelan Oil Minister Eulogio del Pino said Monday he was "optimistic" that an OPEC meeting this week in Vienna will reach agreement on oil production cuts to boost prices.

Published 28 Nov, 2016 07:04pm

Energy

Uncertainty ahead of crucial OPEC meeting

VIENNA: Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday ahead of a meeting in Vienna meant to nail down a deal reducing the cartel's output by up to a million barrels per day.

Published 28 Nov, 2016 07:02pm

Energy

OPEC makes last-ditch bid to save oil deal as tensions grow

VIENNA: OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.

Published 28 Nov, 2016 04:03pm

Energy

Oil up in choppy trade as OPEC heavyweights head to Vienna

LONDON: Oil prices gained more than two percent on Monday in volatile trading after falling as much as two percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday.

Published 28 Nov, 2016 02:58pm

Energy

Oil slip sends dollar, bond yields skidding

LONDON: The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing "Trumpflation" trades that have gripped markets since the U.

Published 28 Nov, 2016 10:19am

Energy

Oil prices gyrate as OPEC heavyweights head to Vienna

LONDON: Oil prices edged higher on Monday, after falling as much as 2 percent in early trading, as the market grappled over the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday aimed at reining in global oversupp

Published 28 Nov, 2016 10:18am

Energy

Russia poised to gain from oil production freeze

MOSCOW: With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production.

Published 27 Nov, 2016 01:22pm

Energy

Eni agrees to sell 10pc stake in Egypt concession to BP

MILAN: Eni has agreed to sell a 10 percent stake in the Shorouk concession offshore Egypt to BP, the Italian oil and gas group said in a statement on Friday.

Published 25 Nov, 2016 08:14pm

Energy

North Sea Crude-Forties steady after gain this week

LONDON: North Sea Forties crude differentials ended the week unchanged on Friday, after climbing earlier this week on the prospect of higher exports of December-loading crude to Asia.

Published 25 Nov, 2016 08:11pm

Energy

West Africa Crude-Indian tender awarded, spot trade muted

LONDON: Leading OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, because it wants to focus first on reaching consensus within the organisat

Published 25 Nov, 2016 08:11pm

Energy

Poland's JSW says expects coking coal prices to fall in 2017

KATOWICE: The chief executive at Poland's state-run JSW said on Friday that he expects coking coal prices to fall next year as new production capacity is launched globally.

Published 25 Nov, 2016 05:20pm

Energy

Oil down on strong dollar, OPEC uncertainty

LONDON: Oil prices slid on Friday, dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting next week, but benchmark contracts were on track to close the week with gains close to 4 percent.

Published 25 Nov, 2016 05:14pm

Energy

Norway approves hike in Troll's 2016 oil output

OSLO: Norway's oil and energy ministry has approved a hike in the 2016 oil output quota of the North Sea Troll field to 46.

Published 25 Nov, 2016 04:05pm

Energy

Russia's Rosneft head says company may pay out dividend in 2017

MOSCOW: Russian mid-sized oil company Rosneft may pay dividend in 2017, the company's chief executive officer Evgeny Tolochek said on Friday.

Published 25 Nov, 2016 02:03pm

Energy

Shell in talks over Gabon sale as seeks to hit divestment target

LONDON: Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February.

Published 25 Nov, 2016 02:00pm

Energy

European stocks firm as US breaks for Thanksgiving

LONDON: European stock markets drifted higher on Thursday in subdued trade with Wall Street closed for Thanksgiving.

Published 24 Nov, 2016 05:37pm

Energy

Libyan oil output recovers to 567,000 bpd after outage fixed

LONDON: Libya's oil production has risen by more than 40,000 barrels per day (bpd) to 567,000 bpd after repairs to power supplies to two oilfields, a senior Libyan oil source told Reuters on Thursday.

Published 24 Nov, 2016 03:19pm

Energy

Azerbaijan signals OPEC wants big cuts from non-OPEC producers

BAKU/DUBAI/MOSCOW: OPEC may ask oil producers outside the cartel to make big cuts in output, Azerbaijan said on Thursday, highlighting the challenges in striking a deal as the two sides enter the final stages of talks aimed at cutting production to stabil

Published 24 Nov, 2016 01:31pm

Energy

W. Africa Crude-CPC buys Angolan, traders buy Nigeria for tenders

LONDON: West African spot trading focused on Angola's January exports, but was limited again due to pending tenders.

Published 23 Nov, 2016 07:28pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks rise despite US inventory build

LONDON: Gasoline refining margins in northwest Europe rose slightly on Wednesday despite a larger than expected build in US inventories last week, as overseas demand supported.

Published 23 Nov, 2016 07:22pm

Energy

Med Crude-Urals differentials stable in northwest Europe

MOSCOW: Urals differentials remained stable in northwest Europe as Surgutneftegaz tender results proved the market was still firm despite slightly higher exports from Baltic ports planned for the first half of December.

Updated 19 Apr, 2017 12:28pm

Energy

Europe Distillates-Cracks slip from three-week highs, supplies still tight

LONDON: Diesel refining margins in northwest Europe slipped on Wednesday but were still close to three-week highs as rash of unplanned outages on the US Gulf Coast and maintenance in the Middle East kept supplies tight.

Published 23 Nov, 2016 07:09pm

Energy

North Sea Crude-Forties edges up as flows to Asia pick up; contango shrinks

LONDON: North Sea Forties crude differentials edged higher on Wednesday, boosted by the prospect of a pick-up in flows of oil to Asia, which helped to narrow the contango.

Published 23 Nov, 2016 07:05pm

Energy

Oil prices edge higher despite doubts on OPEC-led cuts

NEW YORK: Oil prices turned positive on Wednesday despite investor doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude.

Published 23 Nov, 2016 07:04pm

Energy

Sonangol delays payments as it battles to reform

LONDON: Angola's state oil company Sonangol has amassed hundreds of millions of dollars in debts and deferred payments to oil majors and contractors while its new chief, Isabel dos Santos, attempts to reform its operations.

Published 23 Nov, 2016 03:17pm

Energy

Oil prices ease on doubts OPEC-led cut will end glut

LONDON: Oil prices edged lower on Wednesday on investors' doubts that OPEC would agree a large enough production cut to significantly reduce the global surplus when it meets next week.

Published 23 Nov, 2016 03:13pm

Energy

Oil prices capped by doubts OPEC-led cut will end glut

LONDON: Oil prices edged higher on Wednesday but gains were capped by investors' doubts that oil cartel OPEC would agree to a large enough production cut to significantly reduce the global surplus when it meets next week.

Published 23 Nov, 2016 12:07pm

Energy

Oil prices little changed after early gains on OPEC deal hopes

NEW YORK: Oil prices were little changed on Tuesday after earlier rising to their highest levels this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and strike a deal to reduce crude output.

Published 22 Nov, 2016 05:38pm

Energy

Oil prices rise to highest this month on hopes of OPEC deal

LONDON: Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and scepticism to strike a deal that materially reduces crude output.

Published 22 Nov, 2016 01:45pm

Energy

Oil set for first weekly gain in five on OPEC deal optimism

LONDON: Brent crude oil prices were headed for their first weekly gain in five on Friday buoyed by renewed hopes that OPEC might agree production cuts, but a stronger US dollar capped gains.

Published 18 Nov, 2016 02:06pm

Energy

Oil rises on optimism over OPEC deal; stronger dollar caps gains

NEW YORK: Oil prices rose on Thursday, with US crude briefly rising as much as $1 a barrel, as expectations of an OPEC deal to limit production outweighed oversupply concerns, but a rallying dollar capped gains.

Published 17 Nov, 2016 05:14pm

Energy

Shell's North Sea oil trading draws spotlight again this year

LONDON: Royal Dutch Shell has snapped up a large volume of North Sea oil that helps set the global Brent benchmark, trade sources said, the second time this year that its trading activities have attracted the glare of the spotlight.

Published 17 Nov, 2016 02:55pm

Energy

Oil prices rise on Saudi optimism over OPEC deal

LONDON: Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States.

Published 17 Nov, 2016 01:59pm

Energy

Oil falls on higher US crude inventories, strong dollar

LONDON: Oil prices fell on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after weekly US crude stocks rose beyond expectations and a strong dollar weighed on commodities.

Published 16 Nov, 2016 06:20pm

Energy

Oil edges lower on higher US crude inventories, strong dollar

NEW YORK: Oil prices edged lower on Wednesday before the US releases its weekly petroleum inventory report after an industry group said weekly US crude stockpiles rose beyond expectations and a strong dollar weighed on commodities.

Published 16 Nov, 2016 03:31pm

Energy

Oil declines after OPEC-inspired rally as US inventories rise

LONDON: Oil prices fell on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after industry data showed US crude stocks rose beyond expectations last week to add to an oversupplied market.

Published 16 Nov, 2016 10:35am

Energy

Oil prices soar on renewed hopes of OPEC output deal

NEW YORK: Oil prices jumped 4 percent on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.

Published 15 Nov, 2016 07:23pm

Energy

Oil prices up 2 percent on hopes of OPEC output cut

LONDON: Oil prices rose around 2 percent on Tuesday, bouncing back from multi-month lows on optimism that OPEC will agree later this month to cut production to reduce a supply glut.

Published 15 Nov, 2016 10:43am

Energy

Oil pinned near three-month lows as gloom grows over OPEC

LONDON: Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.

Published 14 Nov, 2016 06:05pm

Energy

Russia's Gazprom cuts 2016 gas output plan to all-time low

MOSCOW: Russian gas giant Gazprom has cut its 2016 natural gas output plan to an all-time low of 409.

Published 14 Nov, 2016 02:50pm

Energy

Oil pinned near three-month lows as gloom grows over OPEC

LONDON: Oil held steady around three-month lows on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.

Published 14 Nov, 2016 11:03am

Energy

Oil prices dip on persistent fuel supply overhang

LONDON: Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to

Published 11 Nov, 2016 01:29pm

Energy

OPEC points to even bigger 2017 oil surplus as its output jumps

LONDON: OPEC on Friday reported an increase in its oil production in October to another record high despite its plan to

Published 11 Nov, 2016 11:31am

Energy

West Africa Crude-Asian fuel oil demand boosts Angolan

LONDON: Trading in Nigerian grades was muted while heavy Angolan grades were nearly sold out on the back of stronger fue

Published 10 Nov, 2016 05:49pm

Energy

Europe Gasoline/Naphtha-Cracks slip, trace gasoline prices amid oversupply

LONDON: Gasoline refining margins in northwest Europe slipped on Thursday, tracing lower gasoline prices as markets refo

Published 10 Nov, 2016 05:32pm

Energy

IEA sees global market awash with oil in 2017 if no OPEC cut

LONDON: The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating produ

Published 10 Nov, 2016 01:12pm

Energy

Oil prices steady as markets recover from Trump shock

LONDON: Oil prices steadied on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Tru

Published 10 Nov, 2016 10:56am

Energy

Oil slips below $46 as Trump win sends markets into risk-off mode

LONDON: Oil fell below $46 a barrel on Wednesday as Donald Trump's surprise victory in the U.S. presidential electio

Published 09 Nov, 2016 11:00am

Energy

Total signs first post-sanctions Western energy deal with Iran

PARIS: France's Total has signed a deal with Iran to further develop its part of the world's largest gas field,

Published 08 Nov, 2016 03:55pm

Energy

UK GAS-Prices climb on lower temperatures, declining wind output

LONDON: British wholesale gas prices climbed on Monday morning, boosted by increased demand due to colder weather and fa

Published 07 Nov, 2016 12:41pm

Energy

Oil prices bounce as OPEC promises a cut is on the cards

LONDON: Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but

Published 07 Nov, 2016 10:13am

Energy

GLOBAL LNG-Price gains face ceiling as new supply emerges

MILAN: Asian spot liquefied natural gas (LNG) prices rose this week on the back of rallying gas benchmarks in Europe and

Published 04 Nov, 2016 04:36pm

Energy

Oil and gas majors invest $1 billion in low-emission tech

LONDON: Ten global oil and gas companies on Friday announced they will invest £1 billion (900 million euros) in low-carb

Published 04 Nov, 2016 03:48pm

Energy

Oil majors pledge $1 bln for technologies to fight climate change

LONDON: Some of the world's biggest oil companies, including Saudi Aramco and Royal Dutch Shell, pledged on Friday t

Published 04 Nov, 2016 02:18pm

Energy

Oil set for sixth straight day of declines

LONDON: Oil futures were on course for their sixth straight day of falls on Friday as signs of tensions resurfaced betwe

Published 04 Nov, 2016 01:31pm

Energy

Top oil firms pledge $1bn over 10 years in climate push

OSLO: Top oil companies including Saudi Aramco, Shell and Statoil will invest $1 billion over the next decade to develop

Published 04 Nov, 2016 10:40am

Energy

Oil prices find floor after falls on supply glut woes

LONDON: Crude oil futures edged up on Thursday, supported by news of an attack on a Nigerian oil pipeline and a weaker U

Published 03 Nov, 2016 10:50am

Energy

Med Crude-Urals prices unchanged, seaborne exports may rise in Nov

MOSCOW: Urals prices in northwest Europe and the Mediterranean were stable on Wednesday, while buyers and sellers of the

Published 02 Nov, 2016 08:15pm

Energy

Gazprom sceptical on EU role in Ukraine row, Opal gas pipeline access

MOSCOW: Russia's Gazprom on Wednesday played down the EU's decision to ease access to the Opal gas pipeline, cru

Published 02 Nov, 2016 08:05pm

Energy

Oil extends losses after report shows surprise US stocks build

LONDON: Crude oil prices fell for a fourth day on Wednesday as jittery investors awaited official US stockpile figures l

Published 02 Nov, 2016 05:07pm

Energy

Statoil says sizeable oil finds in North Sea still possible

STAVANGER: Norway's Statoil believes sizeable oil finds can still be made in the North Sea even though the area has

Published 02 Nov, 2016 05:01pm

Energy

Oil shipments from Georgia's Batumi port down 8pc in Jan-Oct

TBILISI: Shipments of crude and refined oil products from Georgia's Black Sea port of Batumi fell 8.4 percent year-o

Published 02 Nov, 2016 04:45pm

Energy

Spain's Gas Natural seeks Colombia's help to chase unpaid bills

MADRID: Spanish energy company Gas Natural has asked for talks with the Colombian government on a new legal framework to

Published 02 Nov, 2016 04:14pm

Energy

Rosneft may sign deal to sell stake in Verkhnechonskneftegaz to Beijing Enterprises

MOSCOW: Russia's Rosneft might sign an agreement next week to sell a 20 percent stake in Verkhnechonskneftegaz, a su

Published 02 Nov, 2016 03:52pm

Energy

OPEC, non-oil cartel members discuss production cuts

VIENNA: OPEC officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement

Published 29 Oct, 2016 02:48pm

Energy

Russia sees oil output slightly up in 2017-18

MOSCOW: Russia expects to increase its oil output by 0.7 percent next year and a further 0.9 percent in 2018, the draft

Updated 25 May, 2017 10:26am

Energy

West Africa Crude-Sonangol sells out, but Nigerian trade slow

LONDON: Oil prices edged lower on Friday, on track for their biggest weekly loss in six weeks, on doubts about OPEC'

Published 28 Oct, 2016 04:41pm

Energy

Russia's Rosneft cancels Lukoil's oil purchase deal with Bashneft

MOSCOW: Russia's largest oil producer Rosneft said on Thursday it had asked peer Lukoil to cancel a crude oil purcha

Published 27 Oct, 2016 09:24pm

Energy

Oil rises above $50 on OPEC cut comments

LONDON: Oil edged above $50 a barrel on Thursday, drawing support from sources' comments that OPEC's Gulf member

Published 27 Oct, 2016 05:52pm

Energy

ARA gasoil stocks fall to lowest since June 2015

LONDON: Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp oil hub fell by 3.4 percent to their lowest

Published 27 Oct, 2016 05:13pm

Energy

Statoil further cuts investments amid drop in oil price

OSLO: The Norwegian oil giant Statoil announced on Thursday a deeper cut to its investments this year after a third-quar

Published 27 Oct, 2016 01:42pm

Energy

Oil price declines weigh on European markets

LONDON: European shares fell on Wednesday maintaining a gloomy trend set in Asia and the United States, and with concern

Published 26 Oct, 2016 09:58am

Energy

Oil buckles as investors cast doubt on an OPEC output deal

LONDON: Oil fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew

Published 26 Oct, 2016 09:56am

Energy

North Sea Crude-Forties eases further; ICE contango in focus

LONDON: Forties crude differentials fell to a new two-week low on Tuesday, under pressure from rising production levels

Published 25 Oct, 2016 08:28pm

Energy

Oil nudges down ahead of US data; OPEC jostling weighs

LONDON: Oil prices nudged down in late European trade on Tuesday, retreating from positive territory as traders digested

Published 25 Oct, 2016 02:26pm

Energy

West Africa Crude-China stocks, Nigeria to meet with militants

LONDON: Nigeria will hold a meeting with community leaders and representatives of militants from the Niger Delta next we

Published 24 Oct, 2016 08:20pm

Energy

North Sea Crude-Forties weakens as Buzzard returns online

LONDON: Forties crude differentials were offered at their weakest in two weeks on Monday as a major North Sea oilfield r

Published 24 Oct, 2016 08:18pm

Energy

Russia, Qatar, OPEC discuss possible action to shore up oil market

VIENNA: Energy ministers from Russia and Qatar along with OPEC's secretary general discussed possible joint action t

Published 24 Oct, 2016 08:16pm

Energy

Med Crude-Urals stable as November loading plan shows export fall

MOSCOW: Urals differentials were unchanged on Monday after the release of a preliminary loading schedule for November wh

Updated 19 Apr, 2017 12:31pm

Energy

Iraq offers oil fields under new contract terms

LONDON: Iraq's oil ministry has launched a new round of bidding to develop 12 small to medium-sized oil fields and w

Published 24 Oct, 2016 04:32pm

Energy

Oil prices fall as Iraq resists joining output cut

LONDON: Oil prices fell on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses

Published 24 Oct, 2016 04:28pm

Energy

Oil rekindles euro zone inflation expectations

LONDON: Oil prices have re-established their role as the key driver of market-based inflation expectations in the euro z

Published 24 Oct, 2016 04:27pm

Energy

Oil prices under pressure as Iraq resists joining output cut

LONDON: Oil prices came under pressure on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production

Published 24 Oct, 2016 10:08am

Energy

Oil rises on Russia's output freeze commitment

LONDON: Oil edged higher on Friday as Russia reiterated its commitment to joining a producers' output freeze to stem

Published 21 Oct, 2016 08:08pm

Energy

Brent spreads signpost long road to rebalancing: Kemp

LONDON: OPEC's agreement on an new production target has been followed by a bout of renewed optimism about the rebal

Published 21 Oct, 2016 06:16pm

Energy

Russia eyes record-high oil output, but sticks to 'freeze' option

UFA: Russia will produce 548 million tonnes (11 million barrels per day) of oil next year, a post-Soviet record, however

Published 21 Oct, 2016 08:23am

Energy

Rosneft tenders to sell up to 1.55mn t of naphtha and gasoline for Jan-Dec 2017

MOSCOW: Russia's state-owned oil major Rosneft announced tenders to sell up to 1.55 million tonnes of naphtha and ca

Published 20 Oct, 2016 05:02pm

Energy

Oil slips as profits taken from strong rally

LONDON: Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw

Published 20 Oct, 2016 11:33am

Energy

Oil rises as Chinese output drops, US inventories shrink

LONDON: Oil rose by around 1 percent on Wednesday, boosted by evidence of declining production in China and falling US i

Published 19 Oct, 2016 01:37pm

Energy

Total CEO predicts oil supply shortage by end of the decade

LONDON: The head of French oil major Total said on Wednesday the world could be heading for a big oil supply crunch foll

Published 19 Oct, 2016 01:05pm

Energy

West Africa Crude-Nigerian under pressure, Angolan exports to slip

LONDON: A large overhang of Nigerian crude was keeping price differentials under pressure on Tuesday. Angola's loadi

Published 18 Oct, 2016 09:12pm

Energy

North Sea Crude-Forties edges up as diesel cracks rise; Brent slips

LONDON: Differentials for North Sea crude oil were little changed on Tuesday, with Brent and Ekofisk coming under mild p

Published 18 Oct, 2016 08:49pm

Energy

Europe Gasoline/Naphtha-Cracks steady, maintenance and exports support

LONDON: Gasoline refining margins in northwest Europe were little changed at above $10 a barrel on Tuesday, and were sup

Published 18 Oct, 2016 07:55pm

Energy

Europe Distillates-Diesel diffs rise as maintenance cuts avails

LONDON: Diesel barge differentials firmed slightly in Europe on Tuesday as refinery maintenance and lower import cut int

Published 18 Oct, 2016 07:54pm

Energy

Russia's Gazprom raises 2016 investment plan by $177mn

MOSCOW: Russian gas giant Gazprom said on Tuesday its board had decided to increase this year's investment programme

Published 18 Oct, 2016 04:14pm

Energy

Oil rises on weaker dollar, market balance signals

LONDON: Oil prices rose on Tuesday, helped by a weaker dollar and the notion that global markets oversupply may be moder

Published 18 Oct, 2016 04:05pm

Energy

OPEC SecGen sees chance of a smooth oil output deal in November

LONDON: OPEC should be able to reach a deal next month to limit oil production without too many exemptions for individua

Published 18 Oct, 2016 03:46pm

Energy

Oil prices rise supported by market balance signals

LONDON: Oil prices rose on Tuesday, helped by signs that oversupply in the global market may be moderating ahead of a No

Published 18 Oct, 2016 01:55pm

Energy

OPEC sec-gen optimistic on reaching oil output deal in Nov

LONDON: OPEC should be able to reach a deal next month to limit oil production without too much disagreement about indiv

Published 18 Oct, 2016 01:50pm

Energy

Oil rises on dollar and market balance expectations

LONDON: Oil prices rose on Tuesday, helped by a weaker U.S. dollar and as several analysts said that global markets migh

Published 18 Oct, 2016 09:45am

Energy

West Africa Crude-Light sweet crudes suffer from excess

LONDON: More than 30 unsold Nigerian cargoes were seeking buyers, but demand for medium and heavier grades out of Angola

Published 17 Oct, 2016 08:31pm

Energy

Europe Gasoline/Naphtha-Cracks gain on US outages, seasonal maintenance

LONDON: Gasoline refining margins in northwest Europe edged higher on Monday, supported by several outages on the US Eas

Published 17 Oct, 2016 08:22pm

Energy

Gazprom says gas exports to Europe and Turkey up 16pc on Oct 1-15

MOSCOW: Russian gas giant Gazprom said on Monday that gas exports to Europe and Turkey increased by 16 percent, or 1.1 b

Published 17 Oct, 2016 03:49pm

Energy

Oil prices firm, rise in US drilling weighs

LONDON: Oil prices reversed losses on Monday on expectations of an OPEC intervention next month to curb production, but

Published 17 Oct, 2016 03:04pm

Energy

Oil prices slide, OPEC action expectation limits losses

LONDON: Oil prices fell on Monday, weighed by oversupply concerns, while expectations of an OPEC intervention next month

Published 17 Oct, 2016 02:16pm

Energy

Oil slips below $52 as abundant supplies weigh

LONDON: Oil slipped below $52 a barrel on Friday, giving up an earlier gain, as abundant crude supplies outweighed tight

Published 14 Oct, 2016 01:38pm

Energy

ARA oil product stocks at near two-year low

LONDON: Stocks of refined oil products held independently in the Amsterdam-Rotterdam-Antwerp oil hub fell to a near two-

Published 13 Oct, 2016 04:13pm

Energy

West Africa Crude-Diffs under pressure, Dec loadings due within week

LONDON: West African crude oil was trading slowly, and differentials held at notably low levels due to a glut of cargoes

Published 13 Oct, 2016 03:51pm

Energy

Oil traders increase risky lending even as some deals go bad

LONDON: Trading houses' lending to distressed producers and refiners is booming and cheaper than ever even though ma

Published 13 Oct, 2016 03:35pm

Energy

Oil price falls back from one-year highs, hit by OPEC deal concerns

LONDON: Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world's large

Published 11 Oct, 2016 11:50am

Energy

Oil rise and taper talk keep German yields near one-month high

LONDON: Europe's benchmark bond yield held near a one-month high on Tuesday after an inflation-boosting rise in oil

Published 11 Oct, 2016 11:40am

Energy

Oil off the boil, shares toil, sterling in trouble

LONDON: World shares tapped the brakes on Tuesday as oil prices eased back from their highest level of the year, while B

Published 11 Oct, 2016 10:30am

Energy

Oil falls from one-year highs as investors question OPEC deal

LONDON: Oil fell back from one-year highs on Tuesday, knocked by concern that a production cut by the world's larges

Published 11 Oct, 2016 10:29am

Energy

Brent oil price hits highest level in a year

LONDON: Brent North Sea crude rose to $53.45 a barrel on Monday -- its highest price in a year after President Vladimir

Published 10 Oct, 2016 03:07pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain as hurricane spurs demand

LONDON: Northwest European gasoline cracks rose to near $12 barrel on Friday as hurricane Matthew battered the southeast

Published 07 Oct, 2016 06:24pm

Energy

Europe Distillates-Rhine water level at 9-month low, Saudi cuts Egypt aid

LONDON: The diesel crack edged slightly lower on Friday, underpinned by tighter regional supplies due to smaller Russian

Published 07 Oct, 2016 06:10pm

Energy

Oil rallies as hopes grow for output cut

LONDON: Oil rallied to four-month highs on Thursday, underpinned by a surprisingly large drop in US inventory levels the

Published 06 Oct, 2016 04:10pm

Energy

Oil touches four-month high as output freeze returns centre stage

LONDON: Brent oil futures touched a four-month high on Tuesday as investor confidence grew in last week's deal by oi

Published 04 Oct, 2016 07:16pm

Energy

West Africa Crude-Tenders seek more WAF cargoes but excess weighs

LONDON: West African crude differentials remained under downward pressure due to an excess of cargoes and competition fr

Published 03 Oct, 2016 10:17pm

Energy

North Sea Crude-Forties diffs slide as Nov supply set to rise

LONDON: North Sea crude differentials sank on Monday, with Shell offering Forties at its lowest in nearly two months, af

Published 03 Oct, 2016 10:16pm

Energy

Russian oil output jumps 4pc in September to a new record

MOSCOW: Russian oil output jumped by almost 4 percent in September from the previous month to 11.11 million barrels per

Published 02 Oct, 2016 09:23am

Energy

Hungary to buy one million barrels of oil from Iran

DUBAI: Hungary has struck a deal to buy one million barrels of crude oil from Iran, director for international affairs a

Published 01 Oct, 2016 03:32pm

Energy

OPEC oil output hits record on Iraq, Libya boost

LONDON: OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on F

Published 30 Sep, 2016 08:04pm

Energy

Oil prices drop as Russia waits on OPEC's output cut

LONDON: Oil prices slipped Friday, as Russia said it would wait for details of OPEC's surprise agreement to cut crud

Published 30 Sep, 2016 08:03pm

Energy

North Sea Oseberg oil loadings to slip in November

LONDON: The North Sea Oseberg crude oil stream will load about 100,000 barrels per day (bpd) in November, a trade source

Published 30 Sep, 2016 10:25am

Energy

Oil slips as focus shifts to details of OPEC deal

LONDON: Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb production - the group&

Published 29 Sep, 2016 07:06pm

Energy

Norway oil service strike could escalate at short notice

OSLO: A strike involving Norwegian oil service workers could be expanded at any time, but no decision has yet been made

Published 29 Sep, 2016 03:29pm

Energy

Oil prices slip as focus shifts to details of OPEC deal

LONDON: Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb oil production - the gr

Published 29 Sep, 2016 09:23am

Energy

Europe Distillates-Diesel margins rise as cargoes leave NW Europe storage

LONDON: Diesel refining margins in northwest Europe rose on Wednesday as traders emptied Amsterdam/Rotterdam/Antwerp (AR

Published 28 Sep, 2016 07:25pm

Energy

Europe Gasoline/Naphtha-Cracks gain despite US stocks build

LONDON: Gasoline refining margins in northwest Europe strengthened on Wednesday despite a bigger than expected increase

Published 28 Sep, 2016 07:25pm

Energy

Med Crude-Urals differentials down in NWE, CPC Blend strengthens

MOSCOW: Urals differentials to dated Brent in the Baltic fell again on Wednesday as record supplies of crude from the po

Published 28 Sep, 2016 07:18pm

Energy

North Sea Crude-Ekofisk nears two-month lows as light sweets buckle

LONDON: North Sea Ekofisk crude oil differentials fell to their weakest since early August on Wednesday, in line with a

Published 28 Sep, 2016 07:15pm

Energy

West Africa Crude-October cargoes weigh on Nigerian trade

LONDON: The Angolan market was more active than the Nigerian, which has been weighed down by alternative light sweet gra

Published 28 Sep, 2016 07:00pm

Energy

Diesel flows out of Europe, temporarily easing glut

LONDON: Traders are rapidly emptying diesel tanks in Europe's storage hub as refinery maintenance lowers global prod

Published 28 Sep, 2016 04:08pm

Energy

Europe gas terminal group sees transport use for LNG

DUESSELDORF: European operators of large and underused liquefied natural gas (LNG) terminal capacity bet on new uses for

Published 27 Sep, 2016 08:24pm

Energy

Oil prices fall as hopes for a deal in Algiers fade

LONDON: Crude oil futures fell on Tuesday as optimism faded for an output-limiting deal from an oil producer meeting in

Published 27 Sep, 2016 07:57pm

Energy

West Africa Crude-Angolan trading quickens, while India buys Akpo

LONDON: Oil prices slid on Tuesday as Saudi Arabia and Iran dashed hopes that producer nations would reach a deal to cur

Published 27 Sep, 2016 07:04pm

Energy

Oil prices drop on fading hopes of Algiers output deal

LONDON: Oil prices retreated Tuesday on fading prospects of an agreement by producers to tackle a lingering supply glut.

Published 27 Sep, 2016 03:16pm

Energy

Oil prices rally before Algiers meeting

LONDON: Oil prices jumped around 3.0 percent in value Monday as the dollar weakened before a meeting of crude producing

Published 26 Sep, 2016 09:11pm

Energy

Europe Distillates-Diesel diffs strengthen on tighter supplies

LONDON: Diesel barge differentials in northwest Europe strengthened on Monday as supplies in the region tightened due to

Published 26 Sep, 2016 07:54pm

Energy

Europe Gasoline/Naphtha-Cracks slide on higher crude, thin demand

LONDON: Gasoline refining margins in northwest Europe fell sharply on Monday to just over $9 a barrel as crude gained ov

Published 26 Sep, 2016 07:54pm

Energy

Oil rises as OPEC meets, volatility hits post-Doha high

LONDON: Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the ma

Published 26 Sep, 2016 07:33pm

Energy

Russian oil majors raise output of hard-to-recover crude

MOSCOW: Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, t

Published 26 Sep, 2016 07:24pm

Energy

Oil prices higher before OPEC meeting

LONDON: World oil prices rose modestly on Monday ahead of a producers' meeting this week that may result in agreemen

Published 26 Sep, 2016 12:37pm

Energy

Oil rises as OPEC meets, volatility hits post-Doha high

LONDON: Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the ma

Published 26 Sep, 2016 11:05am

Energy

Russia says reaching oil output freeze deal not critical: RIA

MOSCOW: Reaching an agreement to stabilise global oil prices, including a possible deal to freeze output, is "non-critic

Published 25 Sep, 2016 07:26pm

Energy

Algeria says all options 'possible' for Algiers OPEC gathering

ALGIERS: All options are possible for OPEC concerning an output cut or freeze with producers agreed on the need to stabi

Published 25 Sep, 2016 07:06pm

Energy

Europe Distillates-Diesel crack steady despite oil price dip

LONDON: The diesel crack was steady on Friday as a global glut counterbalanced potentials gains from a fall in oil futur

Published 23 Sep, 2016 04:20pm

Energy

Oil prices slip after two days of strong increases

LONDON: Oil prices fell on Friday in a sell-off following two sessions of strong rises and on caution ahead of a gatheri

Published 23 Sep, 2016 10:01am

Energy

UK GAS-Prices rise on short system and ahead of winter season start

LONDON: British wholesale gas prices rose on Thursday as lower Norwegian gas flows resulted in supply shortages, while o

Published 22 Sep, 2016 07:19pm

Energy

Oil rises 2pc, underpinned by US inventory drop and dollar

LONDON, Oil rose 2 percent on Thursday, heading for its largest weekly gain in a month, after a surprisingly large drop

Published 22 Sep, 2016 07:15pm

Energy

Gazprom discovers new gas deposit in Sea of Okhotsk

MOSCOW: Gazprom said on Thursday it had discovered a new gas deposit during exploration at the Kirinskoye field in the S

Published 22 Sep, 2016 07:09pm

Energy

Total says actively moving towards Uganda FID as early as end-2017

PARIS: French oil and gas company Total is actively moving towards a final investment decision as early as end-2017 for

Published 22 Sep, 2016 04:08pm

Energy

Oil market extends gains

LONDON: Oil prices climbed Thursday, building on the previous day's gains following a bigger-than-forecast fall in U

Published 22 Sep, 2016 12:15pm

Energy

Europe Gasoline/Naphtha-Cracks firm as US stocks draw sharply

LONDON: Benchmark gasoline refining margins in northwest Europe edged higher on Wednesday after US inventories of the mo

Published 21 Sep, 2016 09:35pm

Energy

Europe's refineries run more crude in Aug

LONDON: Europe's refineries ran 1.1 percent more crude oil in August versus a month earlier, data from industry moni

Published 21 Sep, 2016 08:31pm

Energy

Transneft says transit of Kazakh oil via Atyrau-Samara could reach 17mn t in 2017

MOSCOW: Russia's oil pipeline monopoly Transneft said Kazakhstan oil transiting via the Atyrau-Samara pipeline could

Published 21 Sep, 2016 07:11pm

Energy

W. Africa Crude-Sellers cut diffs to entice buyers, BPCL issues tender

LONDON: Angola's Sonangol has issued a revised loading plan for November that includes a total of 1.69 million barre

Published 21 Sep, 2016 06:50pm

Energy

Oil steady with producers' meeting, US data on horizon

LONDON: Oil prices stabilised Tuesday with analysts expecting volatility in the run-up to a producers' meeting next

Published 20 Sep, 2016 08:39pm

Energy

W. Africa Crude-Angolan offered for November, Nigerian may weaken

LONDON: Sellers pitched initial offers of Angolan crude for November loading on Tuesday, at levels seen as on the high s

Published 20 Sep, 2016 07:04pm

Energy

Oil at six-week low as oversupply outweighs output freeze talks

LONDON: Oil prices fell to the lowest in nearly six weeks on Tuesday as concerns over a potential rise in US crude stock

Published 20 Sep, 2016 03:27pm

Energy

Oil drops with producers' meeting, US data on horizon

LONDON: Oil prices dipped Tuesday with analysts expecting volatility in the run-up to a producers' meeting next week

Published 20 Sep, 2016 01:46pm

Energy

Oil falls on US crude stock rise, Venezuela warning

LONDON: Oil prices edged lower on Tuesday ahead of an expected build in U.S. crude oil stocks and on Venezuelan comments

Published 20 Sep, 2016 09:56am

Energy

Europe Distillates-Diesel crack hold steady on lower imports

LONDON: Benchmark diesel refining margins in northwest Europe held steady on Monday at around $9.50 a barrel as lower im

Published 19 Sep, 2016 08:09pm

Energy

W. Africa Crude-Angolan Nov. programme emerges, Nigerian OSPs awaited

LONDON: Angolan crude exports are set to rise to around 1.57 million barrels per day (bpd) in November, a preliminary pr

Published 19 Sep, 2016 08:02pm

Energy

Med Crude-Azeri light traded firmer, Urals stable in thin trade

MOSCOW: Premiums for Azeri light were slightly supported as demand for October-loading cargoes improved among European r

Updated 19 Apr, 2017 12:35pm

Energy

North Sea Crude-Ekofisk edges higher as gasoline strength persists

LONDON: North Sea crude oil differentials held broadly steady on Monday, although Ekofisk was bid higher, as an outage o

Published 19 Sep, 2016 07:55pm

Energy

Oil advances on unrest, hopes for output deal

LONDON: World oil prices rebounded Monday on supply concerns in Libya and Nigeria, and after OPEC member Venezuela indic

Published 19 Sep, 2016 07:34pm

Energy

Oil climbs as Venezuela sees output deal

LONDON: Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a

Published 19 Sep, 2016 07:01pm

Energy

Europe Gasoline/Naphtha-Cracks fall, arb to US supports

LONDON: Northwest European gasoline refining margins fell on Monday after hitting a three-month high last week, but crac

Published 19 Sep, 2016 04:34pm

Energy

Oil prices sharply lower in week as global output mounts

LONDON: World oil prices sank lower this week on gloomy market forecasts, profit-taking and ever-present worries over th

Published 16 Sep, 2016 09:25pm

Energy

Europe Distillates-Diesel crack edges higher on ARA stocks draw

LONDON: Diesel refining margins in northwest Europe firmed slightly on Thursday due to outages in the United States and

Published 15 Sep, 2016 10:04pm

Energy

North Sea Crude-Diffs hold steady, data shows refineries running hard

LONDON: North Sea crude oil differentials held broadly steady on Thursday, supported by a rise in prospective flows to A

Published 15 Sep, 2016 09:01pm

Energy

Gazprom wants more than 25 pct of OMV North Sea assets

MOSCOW: Gazprom wants more than 25 percent of OMV's Norwegian North Sea holding company but is being prevented from

Published 15 Sep, 2016 08:29pm

Energy

Oil prices rebound

LONDON: Oil prices rebounded Thursday after tanking the previous day but gains were capped by US stockpiles data and the

Published 15 Sep, 2016 07:16pm

Energy

Oil prices rebound

LONDON: Oil prices rebounded slightly Thursday after tanking the previous day, but gains were capped by US stockpiles da

Published 15 Sep, 2016 11:07am

Energy

Oil falls as US drills more

LONDON: Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in th

Published 12 Sep, 2016 09:55am

Energy

Russian oil output seen at up to 547mn T in 2016: sources

MOSCOW: Russia's oil output, the world's largest, is expected to rise this year by 2.2 percent, above expectatio

Published 12 Sep, 2016 09:51am

Energy

Oil prices rise over week despite late slide

LONDON: Oil prices rose over the week thanks to a slump in US crude stockpiles, a softer dollar and hopes of a OPEC-Russ

Published 09 Sep, 2016 07:17pm

Energy

Oil extends gains after big US crude stock draw

LONDON: Oil prices rose more than 1.5 percent on Thursday after U.S. industry data showed a large drawdown in crude stoc

Published 08 Sep, 2016 08:54am

Energy

Oil prices rise on weaker dollar

LONDON: Oil prices rose on Wednesday thanks to a weaker dollar but scepticism that key producers would agree to limit ou

Published 07 Sep, 2016 02:21pm

Energy

Oil rises, but doubt over output deal tempers rally

LONDON: Oil rose on Wednesday to pare some of the previous day's losses, partly thanks to a weaker U.S. dollar, but

Published 07 Sep, 2016 10:25am

Energy

Oil market wobbles

LONDON: Oil wobbled Tuesday as traders mulled a pledge from Russia and Saudi Arabia to address the chronic supply glut t

Published 06 Sep, 2016 01:43pm

Energy

Russia's Yamal LNG project on track and on budget, says Novatek

VLADIVOSTOK: Russia's Yamal LNG project, to build the country's second gas liquefaction plant, is on track and o

Published 05 Sep, 2016 07:33pm

Energy

US gasoline stockpiles look manageable as summer ends: Kemp

LONDON: US gasoline stockpiles remain at record highs for the time of year but excess inventory is smaller than it appea

Published 05 Sep, 2016 07:18pm

Energy

Greece-Bulgaria gas pipeline expects binding bids for capacity use by end-Oct

VARNA: The joint venture building the natural gas pipeline between Bulgaria and Greece is seeking binding bids for the u

Published 05 Sep, 2016 07:05pm

Energy

Oil bounces on Saudi-Russian pledge to steady prices

LONDON: Oil rallied by up to five percent on Monday as top global producers Russia and Saudi Arabia vowed to stabilise t

Published 05 Sep, 2016 06:11pm

Energy

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 fo

Published 05 Sep, 2016 06:06pm

Energy

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

Published 05 Sep, 2016 05:23pm

Energy

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

Published 05 Sep, 2016 04:55pm

Energy

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

Published 05 Sep, 2016 04:49pm

Energy

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 st

Published 05 Sep, 2016 02:44pm

Energy

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 an

Published 05 Sep, 2016 09:42am

Energy

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 e

Published 02 Sep, 2016 02:46pm

Energy

Europe Distillates-Diesel diffs weaken as import rise

LONDON: Diesel barge differentials in northwest Europe weakened on Thursday as rising imports into the region were expec

Published 01 Sep, 2016 08:34pm

Energy

Spain's Repsol, Criteria exploring sale of around 20pc in Gas Natural

MADRID: Spanish oil firm Repsol and Criteria Caixa, an industrial holding company that owns Caixabank, said on Thursday

Published 01 Sep, 2016 08:30pm

Energy

Europe Gasoline/Naphtha-Gasoline down with US sell off

LONDON: Gasoline barge prices and refining margins sunk on Thursday on the back of a sell-off in US gasoline futures aft

Published 01 Sep, 2016 08:28pm

Energy

West Africa Crude- Tenders to absorb cargoes, but price limits trade

LONDON: Weak demand in Europe, and ample offers particularly in the Mediterranean, limited the outlets for West African

Published 01 Sep, 2016 07:44pm

Energy

Oil prices extend losses

LONDON: Oil prices weakened further Thursday with sentiment weighed down by a sharp rise in US crude stockpiles, dealers

Published 01 Sep, 2016 06:18pm

Energy

Oil prices extend losses

LONDON: Oil prices weakened further Thursday with sentiment weighed down by a sharp rise in US crude stockpiles, dealers

Published 01 Sep, 2016 12:29pm

Energy

Oil steadies as Saudi sees OPEC ‘common position’

LONDON: Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil product

Published 01 Sep, 2016 09:51am

Energy

West Africa Crude-Nigerian offers high, more programmes appear

LONDON: Sellers of Nigerian crude continued to seek high prices on Wednesday as disruption to output of several streams

Published 31 Aug, 2016 05:43pm

Energy

Britain's FTSE posts third straight month of gains

LONDON: UK shares ended lower on Wednesday, hit by a late slump in the energy sector, although the FTSE 100 posted its t

Published 31 Aug, 2016 05:38pm

Energy

Europe Distillates-Diesel margins slide on surprise US stock build

LONDON: Northwest European diesel margins fell below $9 a barrel to their lowest since Aug. 12 on Wednesday as US weekly

Published 31 Aug, 2016 05:34pm

Energy

Total, Erg prepare sale of Italian petrol-station network

LONDON/MILAN: French oil major Total and Italian renewable energy group Erg have tapped banks to sell one of Italy's

Published 31 Aug, 2016 05:30pm

Energy

Europe Gasoline/Naphtha-Cracks edge higher on weaker crude futures

LONDON: Gasoline refining margins edged higher following a fall in oil futures while a draw in US gasoline stocks failed

Published 31 Aug, 2016 05:24pm

Energy

Oil prices dip before US inventories data

LONDON: Oil fell further Wednesday as dealers awaited the latest update on crude reserves in the United States.At around

Published 31 Aug, 2016 01:25pm

Energy

Lukoil sees Q2 profits dip on oil price slide

MOSCOW: Russia's largest private oil firm Lukoil said Monday that a slide in oil prices had caused its profits to di

Published 29 Aug, 2016 08:54pm

Energy

Russia's Gazprom says Q2 net profit down 17pc year-on-year

MOSCOW: Second-quarter net income of Russian gas giant Gazprom declined by 17 percent year-on-year to 244.9 billion roub

Published 29 Aug, 2016 06:23pm

Energy

Oil falls towards $49 on high output, strong dollar

LONDON: Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronge

Published 29 Aug, 2016 02:39pm

Energy

Oil falls towards $49 on high output, strong dollar

LONDON: Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronge

Published 29 Aug, 2016 11:04am

Energy

North Sea Oseberg oil loadings to slip in October

LONDON: The North Sea Oseberg crude oil stream will load about 116,000 barrels per day (bpd) in October, a trade source

Published 26 Aug, 2016 03:26pm

Energy

Oil prices drop as output hopes dampen

LONDON: Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal

Published 26 Aug, 2016 12:32pm

Energy

Oil prices fall as Saudi Arabia dampens prospects of output freeze

LONDON: Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister cooled

Published 26 Aug, 2016 11:31am

Energy

Europe Gasoline/Naphtha-Gasoline margins slip as ARA inventories build

LONDON: Gasoline refining margins in northwest Europe eased on Thursday as stocks in the ARA storage hub climbed, but c

Published 25 Aug, 2016 07:29pm

Energy

North Sea Crude-Forties steady, lower output delays some cargoes

LONDON: North Sea Forties held broadly unchanged on Thursday at parity with dated Brent as lower-than-expected productio

Published 25 Aug, 2016 07:20pm

Energy

Med Crude-Urals down in NWE as loadings in mid-end Sept look ample

MOSCOW: Urals price differentials in the Baltic fell on Thursday as trading activity drifted to mid-end September with a

Published 25 Aug, 2016 07:17pm

Energy

Oil prices fall as production freeze expectation fades

LONDON: Oil prices slipped on Thursday as the market focused on oversupply and fading expectation of a production freeze

Published 25 Aug, 2016 01:58pm

Energy

Oil prices hit reverse again

LONDON: World oil prices skidded lower Thursday, reversing earlier gains as traders dwelled on rising US crude stockpile

Published 25 Aug, 2016 01:10pm

Energy

Oil prices fall as hopes of production freeze fade

LONDON: Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.Globa

Published 25 Aug, 2016 12:22pm

Energy

Europe Distillates-Diesel diffs rise for fourth session

LONDON: Diesel barge differentials in northwest Europe rose for a fourth straight session to a two-week high as upcoming

Published 24 Aug, 2016 07:41pm

Energy

Europe Gasoline/Naphtha-Gasoline margins up on US hurricane fears, oil price dip

LONDON: Gasoline refining margins in northwest Europe rose sharply as oil futures sunk and in reaction to perceived tigh

Published 24 Aug, 2016 07:09pm

Energy

Med Crude-Urals exports set to rise in September, diffs steady

MOSCOW: Urals differentials were unchanged in thin trade as traders expect prices to weaken further later this week as a

Updated 19 Apr, 2017 02:48pm

Energy

Oil prices drop as market tracks US supplies

LONDON: Oil prices fell Wednesday, with Brent stuck below $50, after data showed an increase in US crude stockpiles, add

Published 24 Aug, 2016 02:39pm

Energy

Oil falls on surprise build in US crude stocks

LONDON: Oil prices fell on Wednesday on an unexpected increase in U.S. crude stocks that revived worries about the suppl

Published 24 Aug, 2016 01:10pm

Energy

US oil falls 2pc on surprise build in crude stocks

LONDON: US oil prices fell more than 2 percent on Wednesday on an unexpected increase in US crude stocks that revived wo

Published 24 Aug, 2016 12:53pm

Energy

W. Africa Crude-Angolan strong, Nigerian programmes trickle out

LONDON: Angolan crude differentials stayed firm on Tuesday, supported by a combination of Chinese demand, tighter suppli

Published 23 Aug, 2016 07:38pm

Energy

Gazprom, at meeting with OMV, says Nord Stream 2 important for Europe

MOSCOW: Russian gas firm Gazprom said its chief executive Alexei Miller met the head of OMV Rainer Seele on Tuesday and

Published 23 Aug, 2016 06:21pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks slide, exports cap losses

LONDON: Gasoline refining margins in northwest Europe fell sharply on Tuesday as crude prices advanced, but stronger exp

Published 23 Aug, 2016 06:19pm

Energy

Med Crude-Urals demand seen hit by Romania refinery fire

MOSCOW: Urals crude price differentials were under pressure on Tuesday due to poor fundamentals and a fire at a Romanian

Updated 19 Apr, 2017 02:49pm

Energy

Oil prices extend losses

LONDON: Oil prices fell on Tuesday, extending the previous session's sharp losses caused by prospects of another inc

Published 23 Aug, 2016 01:45pm

Energy

Oil slips below $49 as rising supply trumps hopes for producer action

LONDON: Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply o

Published 23 Aug, 2016 01:10pm

Energy

UK gas supply worries ease as storage site to open more wells for withdrawals

LONDON: Twenty wells at Britain's Rough gas storage site should be available for withdrawals from Nov. 1, Centrica S

Published 22 Aug, 2016 07:13pm

Energy

Angola's Sonangol suspends oil refining, terminal projects

LONDON: Angolan state oil firm Sonangol has suspended construction works at the Lobito refinery and the Ocean Terminal o

Published 22 Aug, 2016 05:25pm

Energy

Oil falls as China fuel exports jump, US rig count rises

LONDON: Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, US oil producers adde

Published 22 Aug, 2016 03:14pm

Energy

Brent slides under $50 as supply glut woes resurface

LONDON: World oil prices slid Monday on resurfacing supply glut concerns, slamming the brakes on last week's rally.

Published 22 Aug, 2016 01:20pm

Energy

Oil falls as China fuel exports jump, U.S. rigs rise

LONDON: Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers ad

Published 22 Aug, 2016 12:33pm

Energy

W. Africa Crude-Angolan offers underpinned

LONDON: Brent crude oil was on track for a third weekly gain, trading above $50 per barrel, though it fell back from an

Published 19 Aug, 2016 03:27pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain after large ARA, US draws

LONDON: Gasoline refining margins in northwest Europe rose on Thursday after a 9 percent draw in ARA stocks that followe

Published 18 Aug, 2016 08:06pm

Energy

Med Crude-Urals weaker in Mediterranean, CPC Blend at 2-month low

MOSCOW: Urals differentials in the Mediterranean weakened on Thursday along with those in northwest Europe on expected h

Updated 19 Apr, 2017 02:50pm

Energy

W. Africa Crude-Sonangol sells Oct cargoes, Nigeria programme emerges

LONDON: Nigerian oil minister Emmanuele Ibe Kachikwu said the country is producing just 1.56 million bpd due to consiste

Published 18 Aug, 2016 06:04pm

Energy

Brent crude oil tops $50

LONDON: Oil prices rose on Thursday with Brent briefly topping $50 thanks to a weaker dollar and a drop in US crude stoc

Published 18 Aug, 2016 02:04pm

Energy

Oil steady near six-week highs on talk of supply freeze

LONDON: Brent crude oil traded above $50 a barrel for the first time in six weeks on Thursday as the world's biggest

Published 18 Aug, 2016 01:40pm

Energy

W. Africa Crude-Total wins IOC tender, Bonny loading but with delays

LONDON: Spot trading in West African crude oil was limited as Angola's Sonangol worked out its term allocations. * U

Published 17 Aug, 2016 07:42pm

Energy

North Sea oil output to hit two-year low in Sept

LONDON: North Sea crude output is set to reach a two-year low in September due to field maintenance, tightening a market

Published 17 Aug, 2016 07:32pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks ease, big US stockdraw caps losses

LONDON: Gasoline refining margins in northwest Europe dipped on Wednesday, weighed by weak export economics, but a large

Published 17 Aug, 2016 07:24pm

Energy

Europe Distillates-Diesel cracks soften after US stock build

LONDON: Diesel refining margins in northwest Europe weakened on Wednesday after a large and unexpected rise in US stocks

Published 17 Aug, 2016 07:23pm

Energy

Med Crude-Urals lower in Baltic on expectations of hefty September exports

MOSCOW: Urals crude oil price differentials in the Baltic were down on Wednesday in quiet trade ahead of spot tenders to

Published 17 Aug, 2016 05:33pm

Energy

Oil prices drop before US inventory data

LONDON: Oil prices fell back Wednesday after rallying in recent sessions, as attention turned to US stockpiles data for

Published 17 Aug, 2016 02:08pm

Energy

Oil falls as investors assess chances of output freeze

LONDON: Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighe

Published 17 Aug, 2016 01:51pm

Energy

Oil falls as investors weigh up odds of output freeze

LONDON: Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighe

Published 17 Aug, 2016 01:26pm

Energy

Angolan Oct crude oil exports to fall as Dalia enters maintenance

LONDON: Angola's crude oil exports are set to fall to 1.43 million barrels per day (bpd) in October as a key grade e

Published 16 Aug, 2016 07:37pm

Energy

Angolan Oct oil exports set for 10-year low on Dalia works

LONDON: Angola's crude oil exports are set to fall by 366,000 barrels per day (bpd) in October to 1.43 million bpd a

Published 16 Aug, 2016 07:36pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain amid stock draw hopes

LONDON: Gasoline refining margins in northwest Europe rose to $7.50 a barrel on Tuesday amid limited trading activity as

Published 16 Aug, 2016 07:31pm

Energy

Med Crude-Urals weak in the north, Azeri light premiums shrink

MOSCOW: Urals differentials eased again on Tuesday in northwest Europe due to lower demand for Urals in the region and e

Updated 19 Apr, 2017 02:51pm

Energy

North Sea Crude-Forties gains on tighter supplies

LONDON: Forties differentials rose due to the highest since early June on stronger demand and signs of tighter September

Published 16 Aug, 2016 07:21pm

Energy

W. Africa Crude-Angola's Oct exports to drop, IOC tenders to buy

LONDON: Angola's oil exports are set to hit a 10-year low of 1.43 million barrels per day (bpd) in October, accordin

Published 16 Aug, 2016 07:14pm

Energy

Oil prices extend gains

LONDON: Oil prices rose Tuesday extending the previous session's gains, as markets assess the likelihood of producer

Published 16 Aug, 2016 02:37pm

Energy

Oil trades at fresh August high on hopes producer action

LONDON: Oil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over pote

Published 16 Aug, 2016 12:46pm

Energy

Europe Distillates-Diesel cracks surge on concerns over US supplies

LONDON: Benchmark diesel refining margins in northwest Europe rose on Monday to a one-month high after floods that hit s

Published 15 Aug, 2016 07:29pm

Energy

Europe Gasoline/Naphtha-Gasoline slides as crude hits 5-week high

LONDON: Gasoline refining margins in northwest Europe fell sharply to below $7 a barrel on Monday as crude prices jumped

Published 15 Aug, 2016 07:24pm

Energy

North Sea Crude-Diffs edge up to highest since mid July

LONDON: North Sea crude oil differentials rose on Monday, climbing for a second day, after a couple of trades materialis

Published 15 Aug, 2016 07:24pm

Energy

Med Crude-Urals weaker in northwest Europe, ample supply expected

MOSCOW: Urals price differentials weakened in northwest Europe on Monday as unsold volumes in the region and an expected

Updated 19 Apr, 2017 02:52pm

Energy

Oil extends gains on output freeze hopes

LONDON: Oil rose further Monday on hopes that OPEC producers would agree to freeze output next month and ease the global

Published 15 Aug, 2016 01:42pm

Energy

Oil rises on talk of producer action, but excess looms

LONDON: Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 pe

Published 15 Aug, 2016 12:31pm

Energy

North Sea Crude-Brent weakens, Forties firms on upcoming maintenance

LONDON: The differential for Forties crude jumped on Thursday for end-August loading cargoes as the prospect of Septembe

Published 11 Aug, 2016 09:00pm

Energy

W. Africa Crude-Nigerian offers strong, Angolan clearing

LONDON: Some Nigerian crude grades were offered at high levels but traders said weak refining margins meant buyers were

Published 11 Aug, 2016 08:55pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks slide as crude jumps

LONDON: Gasoline refining margins in northwest Europe extended their losses on Thursday, sliding below $8 a barrel for t

Published 11 Aug, 2016 08:27pm

Energy

Europe Distillates-Diesel diffs sink after expiry

LONDON: Diesel barge differentials in northwest Europe dropped sharply on Thursday following the expiry of the August Lo

Published 11 Aug, 2016 08:20pm

Energy

Diesel unit at Tupras' Izmit refinery down for maintenance

LONDON: A 50,000-barrels-per-day diesel-producing unit at Tupras' 220,000-bpd refinery in Izmit, Turkey has shut for

Published 11 Aug, 2016 08:08pm

Energy

Oil slips on high inventories, record Saudi output

LONDON: Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced

Published 11 Aug, 2016 09:39am

Energy

IEA sees oil markets slowly tightening after months of oversupply

MOSCOW: Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth declines

Published 11 Aug, 2016 09:08am

Energy

Russia's Gazprom says may export more gas to Europe than f'cast

MOSCOW: Gazprom said higher gas sales to Europe boosted its first-quarter revenue and it may export more to the region t

Published 10 Aug, 2016 09:01pm

Energy

Diesel leak after oil rig grounded off Scottish island

LONDON: A salvage operation on an oil rig which ran aground off a remote Scottish island was halted on Wednesday due to

Published 10 Aug, 2016 08:46pm

Energy

Med Crude-Urals differentials unchanged, Azeri light offered lower

MOSCOW: Urals crude oil price differentials were stable on Wednesday, while Azeri light was offered lower amid weak refi

Published 10 Aug, 2016 07:51pm

Energy

Europe Distillates-Diesel, gasoil barge diffs steady, US surplus reduces

LONDON: The spread between US heating oil futures and ICE Gasoil futures fell to its narrowest point since June after re

Published 10 Aug, 2016 07:44pm

Energy

West Africa Crude-India buys cargoes, but global excess remains

LONDON: Benchmark oil prices fell on Wednesday as US crude stocks registered a surprise build and OPEC pointed to a 2017

Published 10 Aug, 2016 07:36pm

Energy

Oil eases on oversupply as calls for producer talks draw scepticism`

LONDON: Oil fell on Wednesday, hit by record Saudi Arabian output, improved prospects for U.S. output and a glut in refi

Published 10 Aug, 2016 04:30pm

Energy

OPEC points to 2017 oil surplus as Saudi output hits record

LONDON: Top oil exporter Saudi Arabia boosted its oil output to a record high in July, it told OPEC, in a sign key membe

Published 10 Aug, 2016 04:17pm

Energy

Shell unit declares force majeure on gas supplies to Nigeria LNG

MILAN: Shell Petroleum Development Company has declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natu

Published 10 Aug, 2016 10:26am

Energy

Russia's Gazprom Q1 net profit at 362.3bn roubles, slightly ahead of forecast

MOSCOW: Russia's Gazprom, the world's top gas producer, posted on Wednesday 362.3 billion roubles ($5.6 billion)

Published 10 Aug, 2016 07:51am

Energy

Oil slips to $45 as glut overshadows hope for producer action

LONDON: Oil fell below $45 a barrel on Tuesday after rallying to a two-week high the previous day, as concern about a su

Published 09 Aug, 2016 09:38am

Energy

Russia's Gazprom Q1 profit seen down 5.5pc y/y on weaker prices

MOSCOW: Russia's Gazprom, the world's top gas producer, is expected to post 361.2 billion roubles ($5.60 billion

Published 08 Aug, 2016 09:33pm

Energy

Oil prices extend gains, but traders warn of weakness ahead

LONDON: Oil rose further on Monday after a report of renewed calls by some OPEC members to restrain output, but analysts

Published 08 Aug, 2016 09:30pm

Energy

Europe Distillates-Cracks rise for third day, glut persists

LONDON: Benchmark diesel refining margins in northwest Europe rose for a third straight session on Monday amid a recover

Published 08 Aug, 2016 05:33pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks dip amid overhang concerns

LONDON: Gasoline refining margins in northwest Europe declined on Monday to below $10 a barrel amid concerns over a stoc

Published 08 Aug, 2016 05:22pm

Energy

North Sea Crude-Forties steady, ample supply weighs

LONDON: Forties crude differentials were unchanged on Monday at a discount to dated Brent, as ample supply weighed on th

Published 08 Aug, 2016 05:14pm

Energy

Med Crude-Urals tick lower in Med, Azeri light exports steady

MOSCOW: Urals crude oil price differentials in the Mediterranean inched down on Monday, while Azeri light loading plan f

Published 08 Aug, 2016 05:12pm

Energy

Oil rises on fresh calls for production freeze

LONDON: Oil received a boost on Monday from reports of renewed talks by some OPEC members to restrain output, but analys

Published 08 Aug, 2016 10:25am

Energy

Egypt tenders to buy 8 LNG cargoes for Sept-Dec delivery

MILAN: Egypt's state-run EGAS has tendered to buy eight liquefied natural gas (LNG) cargoes for delivery in Septembe

Published 05 Aug, 2016 03:34pm

Energy

Europe Distillates-Diesel cracks weaken after ARA stock build

LONDON: Diesel refining margins in northwest Europe dropped below $8 a barrel on Thursday after a rise in ARA stocks tha

Published 04 Aug, 2016 07:33pm

Energy

Europe Gasoline/Naphtha-Gasoline gains on Atlantic basin stocks draws

LONDON: Gasoline refining margins in northwest Europe rose above $9 a barrel on Thursday after a stock draw in ARA and a

Published 04 Aug, 2016 07:30pm

Energy

W. Africa Crude-Angolan trade heats up, Bonny diffs firm

LONDON: Crude futures rallied after data from intelligence firm Genscape showed a drop in oil stocks at the US Cushing,

Published 04 Aug, 2016 07:21pm

Energy

Med Crude-Urals differentials down in Med, unchanged in NWE

MOSCOW: Urals crude oil price differentials in the Mediterranean weakened on Thursday, while levels for the grade in nor

Published 04 Aug, 2016 07:13pm

Energy

Urals inched down in Med and NWE, Azeri light bid higher

MOSCOW: Urals crude oil price differentials in the Mediterranean and northwest Europe were slightly lower on Wednesday,

Published 03 Aug, 2016 07:24pm

Energy

Europe Distillates-Diesel margins firm as imports seen slowing

LONDON: Northwest European refining margins firmed on Wednesday despite a surprise build in US inventories last week as

Published 03 Aug, 2016 07:15pm

Energy

Oil edges up to $42 after slide, but glut still weighs

LONDON: Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported b

Published 03 Aug, 2016 10:37am

Energy

North Sea Crude-Forties weakens on overhang, poor margins

LONDON: Forties crude differentials weakened on Tuesday as an overhang continued to weigh with at least three tankers st

Published 02 Aug, 2016 08:57pm

Energy

Europe Gasoline/Naphtha-Gasoline margins firms on possible arb west

LONDON: Northwest European gasoline refining margins reached a one-month high on Tuesday, tracking hikes in US RBOB crac

Published 02 Aug, 2016 08:57pm

Energy

Med Crude-Urals down in Med, unchanged in NWE as Shell buys

MOSCOW: Urals crude was offered at lower differentials in the Mediterranean on Tuesday, while its levels in northwest Eu

Published 02 Aug, 2016 08:55pm

Energy

Europe Distillates-Diesel margins underpinned by falling crude

LONDON: Northwest European refining margins inched higher on Tuesday despite excess supplies as crude oil futures fell.

Published 02 Aug, 2016 08:44pm

Energy

West Africa Crude-Angolan differentials softening

LONDON: Some Angolan crude differentials were showing signs of weakening on Tuesday, while loading uncertainties were we

Published 02 Aug, 2016 08:43pm

Energy

Asian bookings of West African crude to slip lower in August

LONDON: Cargoes of West African crude oil sailing east are on track to fall in August on fierce competition, shaky deman

Published 02 Aug, 2016 07:54pm

Energy

Russian oil production up slightly in July at 10.85mn bpd

MOSCOW: Russia's oil output edged up in July to 10.85 million barrels per day (bpd) thanks to increases at some of t

Published 02 Aug, 2016 10:14am

Energy

Italian refiner Saras starts repaying Iranian oil debt

MILAN: Italian oil refiner Saras has paid back 100 million euros ($112 million) of the debt it owes Iran for cargoes of

Published 01 Aug, 2016 08:16pm

Energy

Europe Gasoline/Naphtha-Gasoline margins get respite as crude oil slumps

LONDON: Gasoline refining margins gained nearly $2 a barrel on Monday after crude oil prices lost over 3 percent, while

Published 01 Aug, 2016 07:56pm

Energy

W. Africa Crude-Angolan trades, but differentials under pressure

LONDON: Benchmark crude prices fell by more than 3 percent on record OPEC output in July and an increase in the US rig c

Published 01 Aug, 2016 07:56pm

Energy

Med Crude-Urals crude offered slightly lower in northwest Europe

MOSCOW: Urals crude differentials in northwest Europe were seen slightly lower on Monday, as a rally in the Russian expo

Published 01 Aug, 2016 07:54pm

Energy

Oil shipments from Georgia's Batumi port fell 12pc y/y in Jan-July

TBILISI: Shipments of crude and refined oil products from Georgia's Black Sea port of Batumi fell 11.8 percent year

Published 01 Aug, 2016 07:30pm

Energy

North Sea Brent-setting oil supply to rise in September

LONDON: Supply of the four North Sea crude oil grades that underpin the Brent benchmark will rise slightly in September,

Published 01 Aug, 2016 07:18pm

Energy

Oil prices dip as oversupply worries weigh

LONDON: Oil prices dipped on Monday as a global supply glut and weak demand continued to weigh on the market.Prices had

Published 01 Aug, 2016 02:43pm

Energy

Oil falls as oversupply still weighs on market

LONDON: Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions

Published 01 Aug, 2016 10:24am

Energy

Oil descends to three-month lows on glut woes

LONDON: World oil prices descended this week to their lowest levels for more than three months, rocked by renewed worrie

Published 29 Jul, 2016 11:18am

Energy

Russia's Rosneft, Venezuela's PDVSA step up cooperation

MOSCOW: Russia's largest oil producer Rosneft and Venezuela's state oil company PDVSA have signed deals, includi

Published 29 Jul, 2016 07:40am

Energy

North Sea Crude-Forties weakens, Sept programmes start appearing

LONDON: Forties crude differentials fell on Thursday, pressured by lower offers amid ample supplies and a lack of demand

Published 28 Jul, 2016 07:10pm

Energy

Oil industry suppliers see light at the end of the tunnel

OSLO/MILAN: European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two year

Published 28 Jul, 2016 07:07pm

Energy

Med Crude-Urals bid up in NWE on margins and north-south arbitrage

MOSCOW: Urals crude differentials in northwest Europe rose on Thursday, supported by active buying interest from Shell,

Published 28 Jul, 2016 05:21pm

Energy

Oil pause after five-day slump

LONDON: Oil prices held steady Thursday after slumping to three-month lows as a surprise jump in US crude stocks stoked

Published 28 Jul, 2016 03:39pm

Energy

Oil steadies just above 3-month lows on oversupply

LONDON: Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, fil

Published 28 Jul, 2016 02:09pm

Energy

Crude rebound helps Total limit loss

PARIS: French oil major Total said Thursday a recovery in crude prices, cost cutting, and increased output helped it lim

Published 28 Jul, 2016 09:37am

Energy

Oil falls close to three-month low as oversupply weighs

LONDON: Oil prices fell close to three-month lows on Wednesday after US industry data showed weekly oil stocks declined

Published 27 Jul, 2016 12:50pm

Energy

Nigeria missing 700,000 bpd of oil output from militant attacks

LONDON: Nigeria's oil production is now 700,000 barrels per day (bpd) lower as a result of persistent militant atta

Published 26 Jul, 2016 08:20pm

Energy

Oil falls towards $44, lowest since May, on glut worries

LONDON: Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited

Published 26 Jul, 2016 02:18pm

Energy

Med Crude-Urals stable in the north as north-south arbitrage supports

MOSCOW: Urals crude differentials were steady in the northwest Europe on Monday, supported by strong demand for the grad

Published 25 Jul, 2016 08:51pm

Energy

Oil prices slide on oversupply, economic headwinds

LONDON: Oil prices fell to two and a half month lows on Monday amid worries that a global glut of crude and refined prod

Published 25 Jul, 2016 03:19pm

Energy

Oil prices extend losses on high supplies

LONDON: Oil prices fell Monday on a lingering global supply glut that last week sent the market tumbling to 2.5-month lo

Published 25 Jul, 2016 03:04pm

Energy

Oil market recedes with rate calls in view

LONDON: Oil prices retreated Thursday as caution prevailed before central bank policy meetings in Europe and Japan.At 11

Published 21 Jul, 2016 02:05pm

Energy

Oil steadies as US inventories send mixed signals

LONDON: Oil prices steadied on Thursday after the US Energy Department reported a ninth consecutive weekly drawdown of c

Published 21 Jul, 2016 12:43pm

Energy

Iraq oil exports set to rise in July, despite leak

LONDON: Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply

Published 21 Jul, 2016 12:28pm

Energy

Med Crude-Urals stronger on healthy demand, CPC Blend back to premium

MOSCOW: Urals crude price differentials continued to strengthen on Wednesday on keen buying interest for August-loading

Updated 19 Apr, 2017 02:53pm

Energy

Europe Gasoline/Naphtha-Cracks weaken after new US stock build

LONDON: Gasoline refining margins in northwest Europe declined on Wednesday after a further build in US inventories incr

Published 20 Jul, 2016 07:41pm

Energy

North Sea Crude-Forties rises, sea storage offers dampen gains

LONDON: Forties differentials rose on Wednesday due to higher bidding from Vitol, although offers of cargoes from floati

Published 20 Jul, 2016 07:35pm

Energy

Oil prices rebound on US data

LONDON: Oil prices on Wednesday recovered from two-month lows, as traders reacted to a drop in crude inventories in the

Published 20 Jul, 2016 05:01pm

Energy

Brent oil edges up in subdued trade before US stocks data

LONDON: Brent oil prices edged higher on Wednesday in muted trading as investors awaited a clearer signal from weekly U.

Published 20 Jul, 2016 01:30pm

Energy

Angola's LNG export plant shuts down for planned testing

MILAN: Angola's liquefied natural gas (LNG) export facility has been shut down until mid- to late-August for a plann

Published 20 Jul, 2016 08:01am

Energy

Oil market extends losses

LONDON: World oil prices pulled back Monday as the global glut returned to focus as worries eased about the effects of T

Published 19 Jul, 2016 11:25am

Energy

Europe Distillates-Diesel cracks sink to two-month low

LONDON: Benchmark diesel refining margins in northwest Europe dropped to their lowest levels in over two months as swell

Published 18 Jul, 2016 08:06pm

Energy

Europe Gasoline/Naphtha-Gasoline crack firms on west African demand

LONDON: Gasoline margins firmed slightly on the back of some west African demand but market oversupplied continued in th

Published 18 Jul, 2016 07:47pm

Energy

Russia's Gazprom says easier to deal with Britain outside EU

MOSCOW: Russian gas giant Gazprom will find it easier to do business with Britain if the nation leaves the European Unio

Published 18 Jul, 2016 07:35pm

Energy

Oil market drifts lower

LONDON: World oil prices dampened Monday on fading supply concerns following a failed coup in Turkey over the weekend.At

Published 18 Jul, 2016 02:09pm

Energy

Oil prices largely unchanged as market shrugs off Turkey coup bid

LONDON: Oil prices were largely unchanged on Monday as traders shrugged off the impact of the attempted coup in Turkey,

Published 18 Jul, 2016 01:21pm

Energy

Oil falls on persistent glut fears, China data supports

LONDON: Crude futures dipped towards $47 a barrel on Friday on concerns that a persistent global glut of crude oil and r

Published 15 Jul, 2016 03:27pm

Energy

ExxonMobil declares force majeure on Nigeria's Qua Iboe crude oil

LONDON: ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe cr

Published 15 Jul, 2016 02:57pm

Energy

Med Crude-Poor refining margins may end Azeri, CPC price rally

MOSCOW: Premiums for sweet Caspian grades in the Mediterranean remained firm on Thursday on eager buying interest for sw

Updated 19 Apr, 2017 02:54pm

Energy

North Sea Crude-Forties differential firms as overhang starts to clear

LONDON: The Forties differential firmed on Thursday as an overhang of cargoes began to clear with some demand coming fro

Published 14 Jul, 2016 06:04pm

Energy

Oil rebounds on bargain hunting

LONDON: World oil prices rebounded Thursday as dealers snapped up bargain crude, one day after the commodity sank to fre

Published 14 Jul, 2016 01:58pm

Energy

Oil bounces after big losses but glut persists

LONDON: Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high

Published 14 Jul, 2016 09:09am

Energy

Oil prices drop before more US stockpiles data

LONDON: Oil prices fell on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply gl

Published 13 Jul, 2016 02:40pm

Energy

Oil drops on IEA glut warning, rise in US stocks

LONDON: Oil fell on Wednesday as the International Energy Agency (IEA) warned that a global supply glut continued to wei

Published 13 Jul, 2016 10:39am

Energy

French carbon pricing committee proposes tax on coal-fired power plants

PARIS: A French government advisory committee has recommended that France increase taxation on coal-fired power plants,

Published 11 Jul, 2016 04:52pm

Energy

Oil falls further under $50 on Asia demand concern

LONDON: Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications o

Published 11 Jul, 2016 10:31am

Energy

Oil falls further under $50 on Asia demand concern

LONDON: Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications o

Published 11 Jul, 2016 10:31am

Energy

Oil prices edge up as Brent pushes further above $50

LONDON: Crude prices edged up on Monday, building on recent gains with Brent holding above $50 after Nigerian militants

Published 04 Jul, 2016 12:36pm

Energy

Asian buying of West African crude to edge higher in July

LONDON: Loadings of West Africa oil heading for Asia are set to edge higher in July, supported by firm demand for Angola

Published 01 Jul, 2016 05:16pm

Energy

Europe Distillates-Diesel cracks slid on subdued demand

LONDON: European diesel margins edged lower on Friday as limp demand and full tanks offset an expected decline in cargo

Published 01 Jul, 2016 05:14pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks sink on ample supply

LONDON: Ample supply and weakening overseas demand pushed northwest European gasoline cracks to their lowest in more tha

Published 01 Jul, 2016 05:02pm

Energy

Oil falls as oversupply concerns return to centre stage

LONDON: Oil prices eased on Friday as the market's focus returned to oversupply as production from Nigeria and Canad

Published 01 Jul, 2016 04:02pm

Energy

North Sea BFOE crude oil supply to fall in July

LONDON: Supply of the four North Sea crude oil grades that underpin the Brent oil benchmark will fall in August, loading

Published 01 Jul, 2016 03:34pm

Energy

Med Crude-Urals hits 6-month highs in Mediterranean, Iran sends crude to Poland

MOSCOW: Urals crude differentials in the Mediterranean have scaled to a six-month high on limited supply from Novorossii

Published 30 Jun, 2016 05:06pm

Energy

Norway oil wage talks begin as workers threaten strike

OSLO: Energy companies and trade unions in Norway began two-day wage talks on Thursday in a bid to avert a strike that w

Published 30 Jun, 2016 01:03pm

Energy

Norway oil and gas output to fall by 6pc in case of strike

OSLO; Norwegian oil companies and trade unions began two-day wage talks on Thursday in a bid to avert a strike that woul

Published 30 Jun, 2016 12:01pm

Energy

Oil falls towards $50 on higher supply outlook, economic worries

LONDON: Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic ou

Published 30 Jun, 2016 10:36am

Energy

Russia's Gazprom to announce gas supply auction for Europe in July

MOSCOW: Russia's Gazprom plans to announce a gas auction for autumn-winter gas deliveries to North-Western Europe ne

Published 30 Jun, 2016 10:33am

Energy

Premature to say if Turkstream gas project will be resumed

MOSCOW: The Kremlin said on Thursday that it is still premature to say whether the Turkstream natural gas pipeline proje

Published 30 Jun, 2016 10:08am

Energy

Med Crude-Urals extend gains in the Med, Baltic crude loadings set to rise

MOSCOW: Urals crude differentials extended gains in the Mediterranean amid strong buying interest from Litasco and attra

Published 29 Jun, 2016 06:41pm

Energy

Statoil nabs 10pc of WAfrican oil route to China's teapots

LONDON: Norway's Statoil has claimed 10 percent of the highly coveted oil trade route between west Africa and China&

Published 29 Jun, 2016 06:38pm

Energy

Oil prices recover with global markets

LONDON: Oil prices extended gains on Wednesday, tracking a recovery in equity markets as leaders look to temper fears ov

Published 29 Jun, 2016 11:58am

Energy

Oil prices rise after Brexit shock; Norway strike threat supports

LONDON: Oil rose on Wednesday as traders poured money back into markets hit by the initial shock of Britain's vote t

Published 29 Jun, 2016 10:37am

Energy

Europe Gasoline/Naphtha-Gasoline crack weakens as glut lingers

LONDON: Gasoline margins continued to decline on the back of firming crude prices and an on-going glut. The recent sharp

Published 28 Jun, 2016 06:16pm

Energy

Med Crude-Urals stable in the north of Europe, higher in south

MOSCOW: Urals differentials strengthened further in the Mediterranean as buyers showed interest in the grade amid lower

Updated 19 Apr, 2017 02:55pm

Energy

North Sea Crude-Forties stays weak, August programmes start to emerge

LONDON: Forties differentials stayed at a discount to dated Brent on Tuesday, pressured by ample supply for July loading

Published 28 Jun, 2016 05:12pm

Energy

Oil prices rebound in post-Brexit bargain hunting

LONDON: Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following

Published 28 Jun, 2016 11:11am

Energy

West Africa Crude-Over half August Angolan traded, Nigerian lags

LONDON: About 60 percent of Angola's August programme has been absorbed by the market, one trader said. July loading

Published 27 Jun, 2016 06:48pm

Energy

Oil prices fall again after Brexit vote

LONDON: Oil prices slid on Monday as market participants absorbed the shock of Britain's vote to leave the European

Published 27 Jun, 2016 01:10pm

Energy

Oil price hovers nervously after Brexit losses

LONDON: Bargain-hunting investors helped to support world oil prices Monday despite deep uncertainty following Britain&#

Published 27 Jun, 2016 11:21am

Energy

North Sea Crude-Forties levels sink on weak margins, Brexit

LONDON: Forties crude levels weakened on Friday following widespread uncertainty after the British referendum and weaker

Published 24 Jun, 2016 07:24pm

Energy

BP says to keep UK headquarters despite British EU exit vote

LONDON: Oil major BP said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave

Published 24 Jun, 2016 03:14pm

Energy

Oil prices slide as Britain votes to leave EU

LONDON: World oil prices plunged Friday, mirroring sentiment on stock markets, as the dollar strengthened in reaction to

Published 24 Jun, 2016 03:13pm

Energy

Russia expects short-term oil market volatility after Brexit

MOSCOW: Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in f

Published 24 Jun, 2016 12:40pm

Energy

Oil prices dive as Britain votes to leave EU

LONDON: Oil prices slumped by more than 6 percent on Friday after Britain voted to leave the European Union, raising fea

Published 24 Jun, 2016 12:22pm

Energy

North Sea Crude-Forties rises, first time in two weeks

LONDON: North Sea Forties crude price differentials rose on Thursday for the first time in two weeks, after higher bids

Published 23 Jun, 2016 07:02pm

Energy

West Africa Crude-Angolan clearing quickly; weaker US grades limit arb opportunity

LONDON: Reuters shipping data showed Unipec booked four VLCCs in the last two days to ship West African crude to China i

Published 23 Jun, 2016 07:00pm

Energy

Europe Distillates-Diesel cracks hold, despite stock draw

LONDON: Diesel benchmark refining margins in northwest Europe remained steady on Thursday, holding above $10 a barrel, d

Published 23 Jun, 2016 07:00pm

Energy

Med Crude-Urals lower in the Med on low demand, surplus of alternative grades

MOSCOW: Urals crude in the Mediterranean was lower for a third day on Thursday as there was only limited demand after th

Published 23 Jun, 2016 06:52pm

Energy

Oil lifted by other markets ahead of Britain's EU vote

LONDON: Oil prices rose by up to 2 percent, shrugging off a smaller-than-expected draw on US crude stocks as money and e

Published 23 Jun, 2016 02:49pm

Energy

Oil prices stage slight rebound

LONDON: World oil prices rose on Thursday, reversing the previous day's losses that were caused by a smaller-than-ex

Published 23 Jun, 2016 12:24pm

Energy

Oil rises as investors focus on Britain's EU referendum

LONDON: Oil prices rose by up to 2 percent on Thursday, shrugging off a smaller than expected draw on U.S. crude stocks

Published 23 Jun, 2016 12:15pm

Energy

Europe Distillates-Diesel cracks hold, French buying supports

LONDON: Diesel benchmark refining margins in northwest Europe were little change on Wednesday, holding above $10 a barre

Published 22 Jun, 2016 05:48pm

Energy

Europe Gasoline/Naphtha-Gasoline margins rise despite US stock build

LONDON: Gasoline refining margins in northwest Europe firmed again on Wednesday despite rising gasoline stocks in the Un

Published 22 Jun, 2016 05:32pm

Energy

West Africa Crude-Traders focus on flurry of tenders

LONDON: A Nigerian militant group known as the Niger Delta Avengers which has been attacking oil facilities might agree

Published 22 Jun, 2016 05:29pm

Energy

North Sea Crude-Forties diffs fall further

LONDON: North Sea crude oil differentials fell on Wednesday, leaving Forties at its lowest since early May, as owners of

Published 22 Jun, 2016 05:20pm

Energy

Med Crude-Urals lower in the Mediterranean, unchanged in the north

MOSCOW: Urals crude differentials the Mediterranean fell for a second day on Wednesday, while the loading schedule for t

Published 22 Jun, 2016 05:18pm

Energy

Gazprom prepares cold reception for US super-cooled gas

MILAN/LONDON: Liquefied natural gas (LNG) from the United States is set to do battle in Europe but Russia's Gazprom

Published 22 Jun, 2016 02:57pm

Energy

Oil prices rise before US data

LONDON: Oil prices climbed Wednesday awaiting US inventory data -- and as traders reacted to a weaker dollar, unrest in

Published 22 Jun, 2016 11:46am

Energy

Oil producers keep output freeze revival on standby if prices weaken

LONDON/DUBAI: Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of free

Published 22 Jun, 2016 11:26am

Energy

Oil rises further above $50 on API report, braced for Brexit volatility

LONDON: Oil rose further above $50 a barrel on Wednesday after an industry report showed a large drop in US crude invent

Published 22 Jun, 2016 09:55am

Energy

Oil market dips

LONDON: Oil prices fell Tuesday on profit-taking as dealers awaited this week's US crude inventories data and Britai

Published 21 Jun, 2016 06:53pm

Energy

Oil market dips

LONDON: Oil prices hit reverse Tuesday, snapping two days of gains as dealers awaited this week's US crude inventori

Published 21 Jun, 2016 11:58am

Energy

Oil prices slip after rally as market turns cautious

LONDON: Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this

Published 21 Jun, 2016 10:24am

Energy

Russia beats Saudis for third straight month as China's top crude supplier

BEIJING: Russia beat out Saudi Arabia as China's largest oil supplier in May, customs data showed on Tuesday, markin

Published 21 Jun, 2016 09:51am

Energy

Europe Product Swaps-Gasoline swaps fall on high stocks, weak demand

LONDON: Gasoline refining margins swaps in northwest Europe weakened in the week to Monday, as high inventories failed t

Published 20 Jun, 2016 03:45pm

Energy

BP approves investment in Egypt gas field 15 months after discovery

LONDON: British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore

Published 20 Jun, 2016 12:58pm

Energy

Shell puts revamped shale arm at heart of growth drive

LONDON: Having turned round its North American shale business, Royal Dutch Shell is putting so-called unconventional ene

Published 20 Jun, 2016 12:27pm

Energy

Vitol hires former trading boss of Total as head of Africa

LONDON: The world's largest oil trading house, Vitol, has hired the former head of trading of French oil major Total

Published 20 Jun, 2016 12:24pm

Energy

Oil rallies as fears over Brexit abate

LONDON: Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminish

Published 20 Jun, 2016 09:28am

Energy

Rosneft's stake too large for public placement

ST PETERSBURG: The planned sale of a 19.5 percent Russian government stake in top national oil producer Rosneft might be

Published 17 Jun, 2016 07:07pm

Energy

Indian consortium to pay $2.1bn for stake in Rosneft's Vankor

MOSCOW: A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil produ

Published 17 Jun, 2016 05:10pm

Energy

Crude oil prices rise for first time in seven days

LONDON: Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week

Published 17 Jun, 2016 01:49pm

Energy

North Sea Crude-Forties diffs fall, dented by unsold barrels

LONDON: Forties differentials fell on Thursday to their lowest level since early May, as an overhang of unwanted crude c

Published 17 Jun, 2016 01:33pm

Energy

Angola launches tender to sell third cargo since shutdown

MILAN: Angola's liquefied natural gas (LNG) export plant on Friday launched a tender to sell its third cargo since r

Published 17 Jun, 2016 12:12pm

Energy

Russia's Gazprom says gas exports via Nord Stream up 25pc so far in 2016

ST PETERSBURG: Russia's gas giant Gazprom said on Friday that gas exports to Europe via undersea Nord Stream pipelin

Published 17 Jun, 2016 08:22am

Energy

Med Crude-Urals little changed, Azeri light supported

MOSCOW: Urals differentials were little changed on Thursday with no clear understanding on export levels for July so far

Updated 19 Apr, 2017 02:56pm

Energy

North Sea Crude-Forties diffs fall, dented by unsold barrels

LONDON: Forties differentials fell on Thursday to their lowest level since early May, as an overhang of unwanted crude c

Published 16 Jun, 2016 07:02pm

Energy

Russia announces tender to build 3rd line of Sakhalin-2 ST

PETERSBURG: Russia's Sakhalin Energy has called a tender to build a third production line at the Sakhalin-2 liquefie

Published 16 Jun, 2016 06:56pm

Energy

Oil loses more ground

LONDON: Oil fell for the sixth straight session Thursday on lingering worries over weaker-than-expected crude demand in

Published 16 Jun, 2016 06:32pm

Energy

Angola's August crude oil exports to rise to 1.74 million bpd

LONDON: Angola plans to export 56 crude oil cargoes in August, up from the 55 planned for July, according to a provision

Published 16 Jun, 2016 01:30pm

Energy

Gasoline appeal fades as refiners chase the next profit boost

LONDON: Just as drivers hit the road for summer holidays, refiners are turning the taps down on gasoline as a global exc

Published 16 Jun, 2016 01:27pm

Energy

Gazprom, Shell sign memo on Baltic LNG project

ST PETERSBURG: Gazprom and Shell signed on Thursday a memorandum of understanding on construction of a liquefied natural

Published 16 Jun, 2016 01:03pm

Energy

Oil hits three-week low on weak U.S. stock draw, Brexit fear

LONDON: Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest b

Published 16 Jun, 2016 09:00am

Energy

Russia to cut oil exports to Belarus to 3.5mn T in Q3

MOSCOW: Third-quarter Russian oil supplies to Belarus will decline to 3.5 million tonnes from 5.75 million tonnes in the

Published 16 Jun, 2016 08:12am

Energy

Shell says Philippines unit preparing for stock market listing

LONDON: Oil major Royal Dutch Shell said on Wednesday its subsidiary in the Philippines, Pilipinas Shell Petroleum Corpo

Published 15 Jun, 2016 05:39pm

Energy

Europe Distillates-Diesel cracks steady as market pulls balance out

LONDON: Diesel margins held steady on Wednesday as the return of some refineries from maintenance counterbalanced restoc

Published 15 Jun, 2016 05:36pm

Energy

North Sea oil output in July to rise after field maintenance ends

LONDON: North Sea crude output is set to rise in July after four months of declines, loading programmes indicated, creat

Published 15 Jun, 2016 03:31pm

Energy

Oil loses more ground below $50 hit by Brexit, inventory rise

LONDON: Oil prices on Wednesday were on course for a fifth fall in what would be their longest losing streak since Febru

Published 15 Jun, 2016 01:28pm

Energy

Gold eases from six-week high ahead of Fed decision

LONDON: Gold fell from the previous session's six-week high ahead of a Federal Reserve policy decision later on Wedn

Published 15 Jun, 2016 01:28pm

Energy

BP plans to keep its stake in Russia's Rosneft unchanged

MOSCOW: International oil major BP plans to keep its stake in Russian oil giant Rosneft at the current level, Interfax n

Published 15 Jun, 2016 12:22pm

Energy

Norway MPs vote to go carbon neutral by 2030

OSLO: Lawmakers have voted for Norway, a major energy-producing nation, to become carbon-neutral by 2030, two decades ah

Published 15 Jun, 2016 12:09pm

Energy

Russia's Gazprom says exports to Europe and Turkey up 15pc year-to-date

MOSCOW: Russian gas giant Gazprom said on Wednesday its gas exports to Europe and Turkey have increased 15 percent from

Published 15 Jun, 2016 12:01pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks extend losses, Med demand emerges

LONDON: Gasoline refining margins in northwest Europe fell for a second consecutive session on weak prompt demand and ri

Published 14 Jun, 2016 06:05pm

Energy

Pemex to speed up overhaul to beat falling oil output

LONDON: Mexico's national oil company plans a wave of new asset sales and production partnerships to navigate throug

Published 14 Jun, 2016 05:56pm

Energy

West Africa Crude-Trade thin as Angolan programme awaited, weaker margins

LONDON: Traders said offers for Nigerian grades were too high to tempt refiners which are under pressure from falling ma

Published 14 Jun, 2016 05:50pm

Energy

Russia's offline primary oil refining capacity seen at 1.56mn T in July

MOSCOW: Russia's offline primary oil refining capacity seen at 1.56 million tonnes in July, down from revised 1.98 m

Published 14 Jun, 2016 04:01pm

Energy

IEA sees oil market balance in 2016, surplus to re-emerge next year

LONDON: The oil market is now in balance thanks to unplanned outages and robust demand, particularly from emerging econo

Published 14 Jun, 2016 01:55pm

Energy

Russia's Gazprom expects China's gas consumption to double

MOSCOW: Russia's top gas producer Gazprom expects China's gas consumption to more than double, deputy CEO Alexan

Published 14 Jun, 2016 12:59pm

Energy

Total says to acquire Belgian renewable power provider Lampiris

PARIS: French oil and gas company Total plans to take over Belgium's third-largest largest residential supplier of n

Published 14 Jun, 2016 12:40pm

Energy

Oil falls as Brexit threat rattles markets

LONDON: Oil fell on Tuesday, as investor nervousness over next week's vote on Britain's possible European Union

Published 14 Jun, 2016 11:41am

Energy

Gazprom to sell 3mn tonnes of LNG in 2016

MOSCOW: Russia's top gas producer Gazprom plans to sell at least 3 million tonnes of liquefied natural gas (LNG) fro

Published 14 Jun, 2016 11:36am

Energy

Angola LNG tenders to sell second post-shutdown cargo

MILAN: Angola's liquefied natural gas (LNG) export plant has launched a tender to sell its second cargo since shutti

Published 13 Jun, 2016 05:36pm

Energy

Oil prices slip under pressure from economic worries

LONDON: Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthen

Published 13 Jun, 2016 05:06pm

Energy

Romania may lean towards gas imports this year due to costs

BUCHAREST: Gas imports will be roughly 20 percent cheaper than Romanian stored domestic gas prices this winter, meaning

Published 13 Jun, 2016 04:10pm

Energy

Europe Product Swaps-Gasoline swaps weakens as supplies in the region rise

LONDON: Gasoline refining margins swaps in northwest Europe weakened in the week to Monday.French CGT union workers have

Published 13 Jun, 2016 03:37pm

Energy

OPEC sees oil glut shrinking in second half of year

LONDON: OPEC has forecast that the world oil market will be more balanced in the second half of the year as outages in N

Published 13 Jun, 2016 11:25am

Energy

Oil prices under pressure from rising economic concerns

LONDON: Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthen

Published 13 Jun, 2016 09:30am

Energy

Oil price fall may even curb global growth: ECB

FRANKFURT: The fall in oil prices over the past two years will add less to global growth than earlier thought and the ov

Published 13 Jun, 2016 08:57am

Energy

Coming wave of gas puts focus on finding new shores

LONDON: Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets

Published 12 Jun, 2016 04:27pm

Energy

Resumption and pricing of Russian gas supplies depend on Ukraine

MOSCOW: A resumption of Russia's gas supplies to Ukraine and pricing for the deliveries will depend on proposals put

Published 12 Jun, 2016 04:12pm

Energy

Ukraine says Russian gas too pricey

KIEV: Ukraine said Friday it would not purchase natural gas from Russia at the price offered by Moscow and instead tap E

Published 10 Jun, 2016 05:54pm

Energy

North Sea Crude-Forties, Brent offered lower

LONDON: Forties and Brent were offered lower on Friday without drawing in any buyers, suggesting differentials may have

Published 10 Jun, 2016 05:16pm

Energy

Europe Gasoline/Naphtha-Gasoline prices ease as US arb closes

LONDON: Gasoline margins firmed on Friday, but prices were under pressure as a tumble in US gasoline futures threw the a

Published 10 Jun, 2016 05:13pm

Energy

Russia, India to hold talks on gas supplies this month

MOSCOW: Russian and Indian officials will hold talks on the direct supply of natural gas from Russia to India in New Del

Published 10 Jun, 2016 01:26pm

Energy

Russia's Yamal LNG gets first 1bn Euro tranche from Russian banks

MOSCOW: Russia's Novatek-led Yamal liquefied natural gas (LNG) project said on Friday it had received its first fina

Published 10 Jun, 2016 01:15pm

Energy

Russia's Gazprom says exports to Austria up 20pc y/y

MOSCOW: Russian natural gas producer Gazprom said on Friday its export volumes to Austria had increased by almost 20 per

Published 10 Jun, 2016 01:02pm

Energy

BP wisely chooses growth over control in Norway

MADRID: BP is wisely choosing growth over control in Norway. The UK oil major is teaming with Det norske and its main in

Published 10 Jun, 2016 12:16pm

Energy

Argentina launches tender to buy 5 LNG cargoes

MILAN: Argentina has launched a tender to purchase five liquefied natural gas (LNG) cargoes for delivery between June an

Published 10 Jun, 2016 12:01pm

Energy

Russia's Gazprom says exports to Austria up 20pc

MOSCOW: Russian natural gas producer Gazprom said on Friday its export volumes to Austria had increased by almost 20 per

Published 10 Jun, 2016 10:55am

Energy

Oil hits 2016 highs before turning lower on profit taking

LONDON: Oil prices fell on Thursday as traders took profits after three sessions of gains and after reaching 2016 highs

Published 09 Jun, 2016 03:12pm

Energy

Bulgaria, Slovakia firms sign MoU on planned Eastring gas pipeline

SOFIA: The gas pipeline operators of Slovakia and Bulgaria signed an memorandum of understanding on Thursday to work tog

Published 09 Jun, 2016 02:53pm

Energy

Russia's oil products exports via Vysotsk to rise 27pc in June/May

MOSCOW: Oil products exports via Russian Baltic Sea port of Vysotsk, controlled by Lukoil oil producer, are set to rise

Published 09 Jun, 2016 02:37pm

Energy

Oil prices resume drop after fresh highs

LONDON: Oil prices hit fresh highs for the year on Thursday, before retreating on profit-taking, according to traders.Cr

Published 09 Jun, 2016 02:20pm

Energy

Oil prices fall on profit taking after hitting 2016 highs

LONDON: Oil prices fell on Thursday as traders took profits after three sessions of gains, though prices remained close

Published 09 Jun, 2016 01:50pm

Energy

No new Australian LNG projects doesn't mean no new LNG: Russell

LAUNCESTON: Conventional wisdom in the liquefied natural gas (LNG) sector is that no new projects will be built for seve

Published 09 Jun, 2016 01:48pm

Energy

Asia Fuel Oil-Spreads weaken further as ample supplies outweigh Nigeria concerns

SINGAPORE: Spreads for 380-centistoke high sulphur fuel plunged to a seven-month low on Thursday after official data sh

Published 09 Jun, 2016 01:43pm

Energy

Nigeria's TNP pipeline carrying Bonny Light crude shut down

LONDON: Nigeria's Trans Niger Pipeline, one of two major pipelines that carries the Bonny Light crude grade for expo

Published 09 Jun, 2016 01:39pm

Energy

European gasoline stocks surge 8pc from year ago

LONDON: European refineries reduced their crude oil intake in May due to maintenance as gasoline stocks surged 8 percent

Published 09 Jun, 2016 01:15pm

Energy

Denmark's Dong Energy takes bourse by storm

COPENHAGEN: Danish utility and offshore wind farm operator Dong Energy on Thursday became one of Europe's biggest in

Published 09 Jun, 2016 10:49am

Energy

Oil prices soften on profit taking after hitting 2016 highs

LONDON: Oil prices edged lower on Thursday as traders took profits after three sessions of gains, though prices remained

Published 09 Jun, 2016 09:16am

Energy

Oil prices hit new 2016 highs

LONDON: Oil prices hit fresh 2016 highs Wednesday on Nigerian supply concerns and a weaker dollar, as traders awaited en

Published 08 Jun, 2016 01:34pm

Energy

Oil hits eight-month high on disruptions, Chinese demand

LONDON: Oil prices jumped to their highest level in eight months on Wednesday, rising for a third consecutive session on

Published 08 Jun, 2016 11:53am

Energy

Europe Gasoline/Naphtha-Gasoline cracks slide as exports in question

LONDON: Gasoline refining margins in northwest Europe fell to their lowest in nearly a month on Tuesday as arbitrage to

Published 07 Jun, 2016 06:11pm

Energy

North Sea Crude-Forties diffs dented by supply overhang

LONDON: North Sea Forties differentials fell on Tuesday, under pressure from a growing overhang of crude in the region,

Published 07 Jun, 2016 06:03pm

Energy

Russia's Gazprom and Germany's RWE agree new gas supply terms

IRKUTSK/MOSCOW: Gazprom Export, a unit of Russia's top natural gas producer Gazprom, and German power utility RWE ha

Published 07 Jun, 2016 05:37pm

Energy

Oil hits 2016 high, driven by falling supply and weaker dollar

LONDON: Oil prices hit their highest in eight months on Tuesday, buoyed by the dollar nearing one-month lows and by fall

Published 07 Jun, 2016 03:29pm

Energy

Oil prices rise on Nigeria tensions, weaker dollar

LONDON: Oil prices rose on Tuesday, with Brent reaching a near eight-month high on unrest in Africa's biggest crude

Published 07 Jun, 2016 01:39pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks fall as French refineries restart

LONDON: Gasoline refining margins in northwest Europe fell on Monday on expectations of rising supplies as Total said it

Published 06 Jun, 2016 07:27pm

Energy

Europe Distillates-Diesel cracks weaken as French refineries begin restart

LONDON: Diesel refining margins in northwest Europe dropped below $10 a barrel on Monday after French refineries began r

Published 06 Jun, 2016 07:24pm

Energy

North Sea Crude-Forties stays at discount as ample prompt supply weighs

LONDON: Forties crude differentials remained at a discount to benchmark dated Brent on Monday as ample prompt supplies w

Published 06 Jun, 2016 06:00pm

Energy

W. Africa Crude-Bonny production down, but Angolan trading well

LONDON: Bonny Light production is down by some 170,000 barrels per day (bpd) due to recent attacks, according to a sourc

Published 06 Jun, 2016 05:32pm

Energy

Med Crude-Urals up in northwest Europe as Total refineries begin restart

MOSCOW: Urals crude differentials in the Baltic were higher on Monday as preliminary operations were underway to restart

Published 06 Jun, 2016 05:25pm

Energy

Nigeria's Bonny Light crude output down by estimated 170,000 bpd

LONDON: Nigerian production of Bonny Light crude oil is down by an estimated 170,000 barrels per day (bpd) following rec

Published 06 Jun, 2016 03:52pm

Energy

Oil prices rise on dollar slump

LONDON: Oil prices pushed higher Monday thanks to a softer dollar caused by last week's disappointing US jobs report

Published 06 Jun, 2016 02:09pm

Energy

Oil price plasters over OPEC rifts - for now

VIENNA: OPEC looks to be in a happier place with oil prices recovering, but its inability to agree an output ceiling to

Published 05 Jun, 2016 07:47am

Energy

Oil prices hover close to $50

LONDON: Oil hovered close to $50 per barrel this week as traders tracked OPEC's refusal to set production limits and

Published 03 Jun, 2016 05:31pm

Energy

Nigerian militants warn of "zero" oil output in new attacks

LONDON/ONITSHA: The Niger Delta Avengers militant group has claimed three new attacks on Nigeria's battered oil infr

Published 03 Jun, 2016 05:19pm

Energy

OPEC to keep oil gushing, fails to agree ceiling

VIENNA: OPEC decided Thursday to keep oil gushing after a moderate recovery in the crude eased the pressure to limit out

Published 03 Jun, 2016 11:50am

Energy

Brent oil tops $50 again on US inventories

LONDON: Brent oil prices topped $50 again on Thursday as traders reacted to signs of stronger than expected US demand an

Published 02 Jun, 2016 10:32pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks gain on ARA, US stock draws

LONDON: Gasoline refining margins in northwest Europe rose on Thursday, supported by large stock draws in the ARA hub an

Published 02 Jun, 2016 07:34pm

Energy

North Sea Crude-Forties lower despite scarce prompt-loading barrels

LONDON: North Sea crude differentials edged lower on Thursday, in a day of sluggish trade, although low availability of

Published 02 Jun, 2016 06:05pm

Energy

Total says plans to restart France's Donges refinery without delay

PARIS: French oil and gas company Total said on Thursday it plans to restart its 220,000 barrels-per-day Donges refinery

Published 02 Jun, 2016 05:52pm

Energy

Med Crude-Urals up in north and south of Europe, CPC supported

MOSCOW: Urals differentials were up in northwest Europe due to demand for Urals cargoes loading from Baltic ports in the

Updated 19 Apr, 2017 02:57pm

Energy

W. Africa Crude-Trading limited, but Nigeria's Qua regains output

LONDON: OPEC failed to agree on output policy or set an output ceiling at its meeting on Thursday, but Saudi Arabia prom

Published 02 Jun, 2016 05:47pm

Energy

Europe Distillates-Diesel margins firm on stock draws, continuing French strikes

LONDON: Diesel refining margins in northwest Europe touched $11 a barrel on Thursday, nearing late May's six-month h

Published 02 Jun, 2016 05:41pm

Energy

Russian oil output falls slightly in May to 10.83mn bpd

MOSCOW: Russian oil output stood at 10.83 million barrels per day (bpd) in May, slightly down for a second straight mont

Published 02 Jun, 2016 09:51am

Energy

Oil set for third week of gains, OPEC debates output policy

LONDON: Oil prices held broadly steady on Thursday, set for their third week of gains, ahead of an OPEC meeting that ana

Published 02 Jun, 2016 09:49am

Energy

OPEC happy with oil market, kingpin Saudi says

VIENNA: Saudi Arabia expressed confidence Thursday that oil prices will keep recovering, cementing expectations that a d

Published 02 Jun, 2016 09:36am

Energy

Saudi, Iran set to clash over OPEC oil output targets

VIENNA: OPEC is set for another showdown between rivals Saudi Arabia and Iran at a meeting on Thursday, with Riyadh tryi

Published 02 Jun, 2016 08:12am

Energy

W. Africa Crude-Nigerian trade slow on European light sweet glut

LONDON: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by majo

Published 01 Jun, 2016 10:26pm

Energy

Europe Distillates-Diesel margins hold strength as excess tamed

LONDON: Diesel refining margins in northwest Europe were largely stable on Wednesday as strikes in France cut output in

Published 01 Jun, 2016 10:01pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks fall on weak export demand

LONDON: Northwest European gasoline margins fell sharply on Wednesday as slowing overseas demand outweighed supply disru

Published 01 Jun, 2016 09:58pm

Energy

Oil drops in cautious trade ahead of OPEC

LONDON: Oil prices dropped Wednesday, as traders trod cautiously before this week's OPEC meeting in Vienna, and set

Published 01 Jun, 2016 02:17pm

Energy

Gulf OPEC members seek joint action on oil output

VIENNA: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by majo

Published 01 Jun, 2016 10:54am

Energy

Oil falls as OPEC expected to shun any output curbs

LONDON: Oil prices fell on Wednesday on expectations of OPEC inaction on output as its focus stays firmly on market shar

Published 01 Jun, 2016 10:48am

Energy

Russia diesel exports from Primorsk to decline in June

LONDON: Russia is set to export 1.168 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in

Published 31 May, 2016 08:37pm

Energy

North Sea Crude-Differentials slip as French refineries stay offline

LONDON: North Sea differentials edged lower on Tuesday to touch a fresh four-week low as strikes at French refineries co

Published 31 May, 2016 08:36pm

Energy

Europe Gasoline/Naphtha-Weak demand in France offsets strike impact

LONDON: Gasoline margins in northwest Europe fell on Tuesday, retreating from a three-week high set last week as slow de

Published 31 May, 2016 08:30pm

Energy

Brent crude lower on strong Middle East oil output

LONDON: Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting later this

Published 31 May, 2016 09:40am

Energy

Russia's Gazprom may export over 165 bcm to Europe in 2016

MOSCOW: Russia's Gazprom, the world's top conventional gas producer, may export over 165 billion cubic metres of

Published 31 May, 2016 08:49am

Energy

China's Sinopec eyes role in Rosneft's privatisation

MOSCOW: China's Sinopec is interested in taking part in the privatisation of Russia's top oil producer Rosneft,

Published 30 May, 2016 10:02pm

Energy

Oil prices slip as Iraq raises exports

LONDON: Oil prices edged lower towards $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC m

Published 30 May, 2016 12:40pm

Energy

Oil prices dip as Iraq raises exports

LONDON: Oil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meet

Published 30 May, 2016 12:08pm

Energy

French fuel supply improving, but crisis not over

PARIS:- The fuel supply situation in France is improving, but the crisis caused by strikes is not fully over, the countr

Published 28 May, 2016 10:40am

Energy

France says fuel supply improving after depot blockades cleared

PARIS: The fuel supply situation in France is improving after a week of disruption and shortages caused by strikes and a

Published 27 May, 2016 09:38pm

Energy

West Africa Crude-Angola sells swiftly, Nigerian lingers despite attacks

LONDON: The Niger Delta Avengers attacked crude oil and gas pipelines in Warri, and warned of further attacks that "will

Published 27 May, 2016 09:17pm

Energy

Europe Gasoline/Naphtha-Gasoline cracks ease, French strikes support

LONDON: Gasoline margins in northwest Europe eased on Friday, but stayed close to a three week high, supported by labour

Published 27 May, 2016 09:05pm

Energy

Europe Distillates-Diesel margins near 2016 high on French strikes

LONDON: Northwest European diesel refining margins rose to just above $11 a barrel on Friday, close to their highest lev

Published 27 May, 2016 08:59pm

Energy

North Sea Crude-Forties offered higher, competing supply lower

LONDON: An offer on Forties was higher on Friday than was seen available earlier in the week, supported by lower supply

Published 27 May, 2016 08:50pm

Energy

Europe Distillates-Diesel diffs gain on French strikes

LONDON: Northwest European diesel barge diffs gained on Thursday as major disruptions to French refinery operations cont

Published 26 May, 2016 08:31pm

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
USD to Japanese Yen / Jun 5	159.94
USD to Swiss Franc / Jun 5	0.79
Pound Sterling to USD / Jun 5	1.34
Euro to USD / Jun 5	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
Nasdaq / Jun 4	26,830.96
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29
India Sensex / Jun 5	74,364.43
Tokyo Nikkei / Jun 5	66,812.85
Hang Seng / Jun 5	24,982.27

Item	Value
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Petrol/Litre / Jun 5	381.78
Crude Oil USD/Barrel / Jun 5	93.10
Diesel/Litre / Jun 5	380.78
Cotton US¢/pound / Jun 5	77.59

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.06 ▲ 1 (14.16%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Dewan Automotive Eng. / Jun 5 Dewan Automotive Engineering Limited(DWAE)	29 ▲ 2.64 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.78 ▼ -7.42 (-10%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.21 ▼ -3.23 (-9.96%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.10 ▼ -2.55 (-6.27%)
Mandviwala / Jun 5 Mandviwala Mauser Plastic Industries(MWMP)	65 ▼ -4 (-5.8%)
Mughal Energy / Jun 5 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Husein Industries / Jun 5 Husein Industries Limited(HUSI)	34.13 ▼ -1.87 (-5.19%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40 ▼ -2 (-4.76%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	41,992,586 ▲ 0.53
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,990,948 ▲ 0.53
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,639,369 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,329,637 ▼ -0.23
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,800,560 ▲ 0.02
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,604,921 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	17,744,957 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,209,572 ▲ 1
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,002,213 ▼ -0.09
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	14,836,146 ▼ -0.86