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

Currency	Rate
USD PKR Interbank Selling / Jun 10	278.56
USD PKR Interbank Buying / Jun 10	278.36
USD to Japanese Yen / Jun 11	160.54
USD to Swiss Franc / Jun 11	0.80
Pound Sterling to USD / Jun 11	1.34
Euro to USD / Jun 11	1.15
SOFR % / Jun 10	3.63

Stock	Volume
S&P 500 / Jun 10	7,266.99
Nasdaq / Jun 10	25,169.50
FTSE 100 / Jun 10	10,254.81
Dow Jones / Jun 10	49,918.78
Germany DAX 30 / Jun 10	24,195.31
France CAC40 / Jun 10	8,161.83
India Sensex / Jun 11	74,071.07
Tokyo Nikkei / Jun 11	64,194.91
Hang Seng / Jun 11	24,151.19

Item	Value
Gold 10 Grams PKR / Jun 10	378,170
Petrol/Litre / Jun 11	377.78
Crude Oil USD/Barrel / Jun 11	90.59
Gold Spot USD/Ounce / Jun 11	4,094.57
Diesel/Litre / Jun 11	380.78
Cotton US¢/pound / Jun 11	75.27

Stock	Price
First Fid. Leasing / Jun 11 First Fidelity Leasing Modaraba(FFLM)	11.74 ▲ 1.07 (10.03%)
Data Agro / Jun 11 Data Agro Limited(DAAG)	103.47 ▲ 9.41 (10%)
Tandlianwala Sugar / Jun 11 Tandlianwala Sugar Mills Limited(TSML)	513.04 ▲ 46.64 (10%)
Zephyr Textile / Jun 11 Zephyr Textiles Limited(ZTL)	18.59 ▲ 1.69 (10%)
Oilboy Energy / Jun 11 Oilboy Energy Limited(OBOY)	22.14 ▲ 2.01 (9.99%)
Pak. P.V.C. / Jun 11 Pakistan PVC Limited(PPVC)	25.99 ▲ 2.36 (9.99%)
Kohat Textile / Jun 11 Kohat Textile Mills Limited(KOHTM)	134.89 ▲ 12.21 (9.95%)
East West Ins. / Jun 11 East West Insurance Company Limited(EWIC)	57.50 ▲ 5.2 (9.94%)
United Brands / Jun 11 United Brands Limited(UBDL)	28.49 ▲ 2.38 (9.12%)
Asia Ins. / Jun 11 Asia Insurance Company Limited(ASIC)	39.89 ▲ 3.27 (8.93%)

Stock	Price
Idrees Tex. / Jun 11 Idrees Textile Mills Limited(IDRT)	51.91 ▼ -5.77 (-10%)
B.R.R. Guardian / Jun 11 B.R.R. Guardian Limited(BRRG)	45 ▼ -3.52 (-7.25%)
Husein Industries / Jun 11 Husein Industries Limited(HUSI)	32.51 ▼ -2.52 (-7.19%)
Next Capital / Jun 11 Next Capital Limited(NEXT)	11 ▼ -0.83 (-7.02%)
First Imrooz Mod. / Jun 11 First Imrooz Modaraba(FIMM)	201.05 ▼ -13.59 (-6.33%)
Shadman Cotton / Jun 11 Shadman Cotton Mills Limited(SHCM)	50 ▼ -3.12 (-5.87%)
Lse Spac-I Ltd. / Jun 11 Lse Spac-I Limited(SPAC1)	16.62 ▼ -0.98 (-5.57%)
Sapphire Textile / Jun 11 Sapphire Textile Mills Limited(SAPT)	1,445 ▼ -69.13 (-4.57%)
Universal Ins. / Jun 11 The Universal Insurance Company Limited(UVIC)	23.55 ▼ -1.11 (-4.5%)
Pak Qatar Family / Jun 11 Pak Qatar Family Takaful Limited(PAKQATAR)	23.90 ▼ -0.95 (-3.82%)

Stock	Volume
Kohinoor Spinning / Jun 11 Kohinoor Spinning Mills Limited(KOSM)	14,185,610 ▲ 0.17
Loads Limited / Jun 11 Loads Limited(LOADS)	10,426,274 ▲ 0.56
Oilboy Energy / Jun 11 Oilboy Energy Limited(OBOY)	10,152,394 ▲ 2.01
Amreli Steels / Jun 11 Amreli Steels Limited(ASTL)	7,229,176 ▲ 0.31
Waves Home Appliances / Jun 11 Waves Home Appliances Limited(WAVESAPP)	7,016,537 ▲ 0.47
TPL Properties / Jun 11 TPL Properties Limited(TPLP)	6,708,731 ▼ -0.14
Pace (Pak) Ltd. / Jun 11 Pace (Pakistan) Limited(PACE)	6,432,949 ▲ 0.3
The Organic Meat / Jun 11 The Organic Meat Company Limited(TOMCL)	5,406,281 ▲ 0.53
Sitara Petroleum Service / Jun 11 Sitara Petroleum Service Limited(SPSL)	5,168,531 ▲ 0.35
TPL Corp Ltd / Jun 11 TPL Corp Limited(TPL)	5,085,481 ▼ -0.15