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