LONDON A blockade of major Libyan oil ports is damaging the economy and must be quickly resolved, the Tripoli-based central bank governor told Reuters on Friday, adding that Libya could run a budget deficit in 2020 as a result.
LONDON Iran is relying on its neighbouring countries to sell a surplus of gasoil it has created at home due to U.S. sanctions, trade documents and industry data showed.
LONDON European diesel refining profit margins have tumbled as a slowing global economy has hit fuel demand harder than forecast despite expectations of a boost from new fuel shipping rules.
VIENNA/LONDON Oil producers led by Saudi Arabia and Russia agreed on Thursday to cut output by an extra 500,000 barrels a day in the first quarter of 2020 but stopped short of pledging action beyond March.
LONDON/NEW YORK The United States is taking advantage of record-low prices of one of the world's dirtiest fuels by buying record volumes, which it intends to upgrade into cleaner products before new shipping rules take effect, trading and analyst sources say.
DUBAI/MOSCOW/LONDON OPEC and its allies will consider whether to deepen cuts to crude supply when they next meet in December due to worries about weak demand growth in 2020, sources from the oil-producing club said.
(This Oct. 16 story removes graphic at request of data provider, no changes to the text)
LONDON Gabon has told OPEC it will comply fully with its pledge to cut oil output under a 2019 supply deal between the exporter group and rivals such as Russia, in the latest sign of an OPEC push to improve compliance before its next meeting in December.
LONDON, Oct 11 Gabon has told OPEC it will
comply fully with its pledge to cut oil output under a 2019
supply deal between the exporter group and rivals such as
Russia, in the latest sign of an OPEC push to improve compliance
before its next meeting in December.