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United Kingdom

Ahmad Ghaddar

OPEC set for oil cut extension if Iran endorses pact

30 Jun 2019

VIENNA OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a weakening global economy.

OPEC set for rollover, may discuss deeper oil curbs - Iraq

27 Jun 2019

LONDON OPEC is expected to roll over a deal on cutting supplies at a meeting next week and discuss deepening the curbs that have been in place since Jan. 1, Iraq's oil minister on Thursday.

RPT-Algeria floats idea of larger OPEC+ oil cut, rollover still likely - sources

13 Jun 2019

LONDON/DUBAI, June 12 Algeria has floated an idea of increasing an oil supply cut by OPEC and its allies in the second half of 2019 as demand falters, OPEC sources said, although rolling over current output curbs is still the most likely scenario.

Algeria floats idea of larger OPEC+ oil cut, rollover still likely - sources

12 Jun 2019

LONDON/DUBAI, June 12 Algeria has floated an idea of increasing an oil supply cut by OPEC and its allies in the second half of 2019 as demand falters, OPEC sources said, although rolling over current output curbs is still the most likely scenario.

Asian naphtha profit margins hit lowest in more than a decade

10 Jun 2019

SINGAPORE/LONDON Profit margins for making petroleum feedstock naphtha have hit their weakest in over a decade in Asia and a seven-year low in Europe as the global economy weakens and large-scale processing unit outages hurt demand.

UPDATE 3-Asian naphtha profit margins hit lowest in more than a decade

10 Jun 2019

* Large-scale Asian processing unit outages hit naphtha demand

CORRECTED-UPDATE 1-Asian naphtha profit margins hit lowest in over a decade

10 Jun 2019

* Large-scale Asian processing unit outages hit naphtha demand

Shipowners see increase in IMO-compliant fuels, but doubts persist

23 May 2019

AMSTERDAM Shipowners, who are facing one of the biggest changes in the oil industry in decades, are seeing more fuels that will be compliant with new rules on sulfur emissions from ships, but some say the way forward is far from clear.

Russian crude pipeline woes boost Europe's refining profits

20 May 2019

LONDON A string of European refinery outages after contamination forced the shutdown of Russia's Druzhba crude pipeline has constrained fuel supply across the continent and delivered an unexpected boost to profit margins.

Oil supply crunch to test OPEC's spare capacity

13 May 2019

LONDON Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say.

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