Edition:
United Kingdom

Ahmad Ghaddar

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.

CORRECTED-UPDATE 5-Oil prices headed for weekly decline as U.S. output grows

03 May 2019

LONDON, May 3 Oil prices were on track Friday for weekly declines as surging U.S. output countered production losses in sanctions-hit Iran and Venezuela.

European diesel markets rally on Russia pipeline shutdown

03 May 2019

LONDON The European diesel market is finding unexpected support from disruption in the refining sector after the shutdown of Russia's Druzhba pipeline due to contaminated oil.

Explainer - What's at stake for Libya's oil as conflict flares?

29 Apr 2019

LONDON/CAIRO Eastern-based Libyan forces led by Khalifa Haftar launched an offensive in April on the capital Tripoli in the west that has plunged the oil-producing nation into a new bout of conflict.

Algeria won't extend crude-for-products deal with Vitol beyond April: sources

24 Apr 2019

LONDON/ALGIERS Algerian state energy company Sonatrach has decided not to extend its crude-for-oil products deal with trading house Vitol that ends this month, two sources with direct knowledge of the matter said.

UPDATE 1-Algeria won't extend crude-for-products deal with Vitol beyond April - sources

24 Apr 2019

LONDON/ALGIERS, April 24 Algerian state energy company Sonatrach has decided not to extend its crude-for-oil products deal with trading house Vitol that ends this month, two sources with direct knowledge of the matter said.

Strikes impact Shell's Pernis oil refinery but extent unclear

15 Apr 2019

LONDON Striking workers at Royal Dutch Shell's Pernis plant in the Netherlands have taken offline a thermal gasoil installation, a Dutch union said on Monday, in the first sign of any impact from industrial action on Europe's largest oil refinery.

Explainer - As conflict flares once more, what's at stake for Libya's oil?

11 Apr 2019

LONDON/CAIRO Eastern-based Libyan forces commanded by Khalifa Haftar launched an offensive last week to take control of Tripoli, the capital, plunging the OPEC country into a new round of armed conflict.

World News

Europeans vote, with EU future in balance

Europeans vote on Sunday in an election expected to further dent traditional pro-EU parties and bolster the nationalist fringe in the European Parliament, putting a potential brake on collective action in economic and foreign policy.