Edition:
United Kingdom

Libby George

21 Apr 2017

Murky oil inventory picture leaves market grappling for clarity

SINGAPORE/LONDON The jury is still out over whether an OPEC-led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang.

11 Apr 2017

Shell says it knew some payments for Nigeria oilfield would go to Malabu

LONDON Royal Dutch Shell was aware that some of the payments it made to Nigeria for rights to an oilfield under a 2011 deal would go to a company associated with former Nigerian oil minister and convicted money launderer Dan Etete, it said in a statement to Reuters.

11 Apr 2017

OPEC's war on oil overhang starts to bear fruit

LONDON OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.

11 Apr 2017

Shell says it knew some payments for Nigeria oilfield would go to Malabu

LONDON, April 11 Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer.

06 Apr 2017

Traders clear Europe's tanks by shipping more gasoline to U.S.

LONDON Traders are shipping more gasoline from Europe to the U.S. East Coast ahead of the summer driving season as a steady reduction in inventories there props up prices.

06 Apr 2017

Traders clear Europe's tanks by shipping more gasoline to U.S

LONDON Traders are shipping more gasoline from Europe to the U.S. East Coast ahead of the summer driving season as a steady reduction in inventories there props up prices.

03 Apr 2017

U.S. firm Cobalt threatens arbitration over Angolan oil assets

LONDON U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend licence deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell the assets.

03 Apr 2017

U.S. firm Cobalt threatens arbitration over Angolan oil assets

LONDON U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend license deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell the assets.

16 Mar 2017

Unpaid wages, sackings stir new tension in Nigeria's oil hub

PORT HARCOURT, Nigeria/LONDON The moment a group of Nigerian contractors met executives from Italian oil major Eni to discuss unpaid wages they started shouting, calling them fraudsters and liars until a police commander restored calm.

16 Mar 2017

Unpaid wages, sackings stir new tension in Nigeria's oil hub

PORT HARCOURT, Nigeria/LONDON The moment a group of Nigerian contractors met executives from Italian oil major ENI to discuss unpaid wages they started shouting, calling them fraudsters and liars until a police commander restored calm.

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