Edition:
United Kingdom

Ahmad Ghaddar

Shippers scramble to install sulphur filters ahead of rule change

16 Oct 2018

LONDON Ship owners accelerated installations of engine cleaning systems this year ahead of stringent new rules in 2020 which sharply reduce the amount of sulphur ships can emit from the 3.5 percent in current bunker fuel to 0.5 percent, according to a report.

European gasoline cracks sink to five-year low

12 Oct 2018

LONDON Benchmark gasoline refining margins in Europe turned negative on Friday for the first time in nearly five years amid bloated stocks and weaker demand in the Atlantic basin.

UPDATE 4-European gasoline cracks sink to five-year low

12 Oct 2018

* Gasoline demand in U.S., Europe declined in August (Adds graphic)

Eni to acquire half of BP's Libya oil and gas assets

08 Oct 2018

LONDON Italy's Eni has agreed to buy half of BP's 85 percent stake in a Libyan oil and gas license with the aim of resuming exploration next year, the companies said on Monday.

Rising use of plastics to drive oil demand to 2050: IEA

05 Oct 2018

LONDON Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday.

Rising use of plastics to drive oil demand to 2050 - IEA

05 Oct 2018

LONDON Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday.

OPEC, Russia rebuff Trump's call for immediate boost to oil output

24 Sep 2018

ALGIERS OPEC's leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump's calls for action to cool the market.

OPEC and allies struggle to pump more oil as Iran supply falls

22 Sep 2018

ALGIERS OPEC and its allies reduced oil output in August as a drop in Iranian supply due to U.S. sanctions derailed their attempts to raise production to agreed levels, delegates said on Saturday as the energy producers prepared to hold talks in Algiers.

Exclusive - OPEC and allies consider oil output boost as Iranian supply falls: source

21 Sep 2018

ALGIERS OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of U.S. sanctions, a source familiar with the discussions told Reuters.

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