Edition:
United Kingdom

Ahmad Ghaddar

Shell, HES to resurrect German oil refinery ahead of IMO 2020 shipping rules - sources

12 Mar 2019

LONDON Royal Dutch Shell has struck a deal with Dutch tank terminal firm HES International to partially restart a German oil refinery mothballed since 2011 in response to new restrictions on marine fuels, two trading sources told Reuters.

OPEC likely to defer output policy decision until June - sources

04 Mar 2019

DUBAI/LONDON OPEC and its partners are unlikely to decide on their output policy in April as it would be too early to get a clear picture of the impact of their supply cuts on the market by then, three OPEC sources said on Monday.

OPEC likely to defer output policy decision until June - sources

04 Mar 2019

DUBAI/LONDON, March 4 OPEC and its partners are unlikely to decide on their output policy in April as it would be too early to get a clear picture of the impact of their supply cuts on the market by then, three OPEC sources said on Monday.

Shipowner Euronav to use mega tanker for low-sulphur fuel storage

01 Mar 2019

LONDON Euronav, one of the largest tanker companies in the world, will deploy one of its two ultra large crude carriers (ULCC) to store cleaner marine fuel ahead of a major regulatory change in 2020, the Belgium-headquartered group said on Friday.

Brent prices slip but OPEC tightening supplies support

01 Mar 2019

LONDON Brent crude fell on Friday, weighed down by surging U.S. supply and concerns of a global economic slowdown, but falling OPEC supplies put a floor under prices.

UPDATE 1-Algeria extends oil swap deal with trader Vitol to April -sources

27 Feb 2019

LONDON, Feb 27 Algeria's state oil firm Sonatrach has extended its crude for oil products deal with major trading firm Vitol from the end of 2018 until the end of April this year, four sources familiar with the matter said.

Libya's El Sharara oilfield won't reopen until occupiers leave - NOC

29 Jan 2019

LONDON Libya's biggest oilfield, El Sharara, will remain shut until an armed group occupying the site leaves, the head of National Oil Corp (NOC) said on Tuesday, more than a month after the field closed because of a protest.

UPDATE 1-GRAPHIC-Global gasoline margins plunge due to overproduction, tepid demand

25 Jan 2019

* Global gasoline stocks: https://tmsnrt.rs/2HFJJiG (Updates U.S. prices to reflect Friday's trading session)

Global gasoline margins plunge due to overproduction, tepid demand

25 Jan 2019

NEW YORK/SINGAPORE/LONDON Refining profits for gasoline are crashing around the world as consumption stalls amid a huge wave of new supplies, resulting in record inventories in Asia, America and Europe.

Middle East, Asia draw European gasoline as prices crash

15 Jan 2019

LONDON, Jan 15 European exports of gasoline to the Middle East and Asia have surged so far in January as high inventories in the Atlantic basin and a drop in fuel prices sparked bargain-hunting around the world.

World News

Israel, Hamas trade blows as Gaza tensions simmer

Gaza militants fired rockets into southern Israel and Israeli aircraft carried out strikes in the Hamas-ruled territory overnight Tuesday, though the level of violence appeared to abate after Palestinians said a ceasefire had been reached.