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.
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.
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.
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.
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.
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.
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.
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.
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.
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.