Edition:
United Kingdom

Alexander Ershov

CORRECTED-After Turkmen oil breakthrough, Vitol adds products to portfolio

04 Dec 2019

MOSCOW, Dec 2 Vitol, the world's biggest oil trader, will begin exporting fuel oil and diesel from Turkmenistan via the Russian port of Novorossiisk this month, five trading sources said, capitalising on its recent success in restarting Turkmen crude oil exports via Russia.

After Turkmen oil breakthrough, Vitol adds products to portfolio

02 Dec 2019

MOSCOW Vitol, the world's biggest oil trader, will begin exporting fuel oil and diesel from Turkmenistan via the Russian port of Novorossiisk this month, five trading sources said, capitalizing on its recent success in restarting Turkmen crude oil exports via Russia.

Russia to pay Kazakhstan $15 per barrel for tainted oil in crisis breakthrough

27 Jun 2019

MOSCOW Russia will pay Kazakhstan compensation of $15 per barrel for tainted oil, industry sources said on Thursday describing the move as a breakthrough in an oil contamination crisis that disrupted Russian and Kazakh flows earlier this year.

UPDATE 1-Russia to pay Kazakhstan $15/b for tainted oil in crisis breakthrough

27 Jun 2019

* Talks with others are slow as some oil remains unsold (Updates with details, background)

Exclusive: Russia to pay Kazakhstan fixed rate for contaminated oil in crisis breakthrough

26 Jun 2019

MOSCOW/LONDON Russia has agreed to pay Kazakhstan a fixed per-barrel rate of compensation for tainted oil, industry sources said on Wednesday, a breakthrough in an oil contamination crisis that disrupted Russian and Kazakh flows earlier this year.

As traders tussle over tankers, Turkmenistan slashes oil exports

19 Feb 2019

(This Feb. 14 story corrects the figure in the second paragraph to 200,000 tonnes per month - not per year)

RPT-As traders tussle over tankers, Turkmenistan slashes oil exports

15 Feb 2019

MOSCOW/LONDON, Feb 14 A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.

Exclusive: Ship in deadly Black Sea blaze was turned away from port over sanctions

22 Jan 2019

MOSCOW Two ships ablaze in the Black Sea region, leaving at least 10 crew dead, caught fire while transferring fuel mid-sea after one vessel was barred from using its usual port in southern Russia due to U.S. sanctions risk, two sources told Reuters.

Exclusive: Russia's Lukoil considers selling Swiss trader Litasco

31 Aug 2017

LONDON/MOSCOW Russian oil major Lukoil is considering selling its Swiss unit Litasco because new U.S. sanctions on Russia will make it harder for the Geneva-based energy trader to raise new funds, industry sources said.

World News