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United Kingdom

Dmitry Zhdannikov

Russia's Lukoil buys first Iraqi Kirkuk crude since flows resume

11:46am GMT

LONDON The first cargo of Iraqi Kirkuk crude to change hands since flows resumed last month has been sold to Litasco, the Swiss-based trading arm of Russian oil producer Lukoil, ship-tracking data and a shipping document showed.

Russia's Lukoil buys first Iraqi Kirkuk crude since flows resume

11:43am GMT

LONDON, Dec 12 The first cargo of Iraqi Kirkuk crude to change hands since flows resumed last month has been sold to Litasco, the Swiss-based trading arm of Russian oil producer Lukoil, ship-tracking data and a shipping document showed.

Exclusive: Exxon, Chevron seek to exit Azerbaijan's oil after 25 years

04 Dec 2018

LONDON Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.

Exclusive: Russia accepts need for oil cuts, bargains with Saudi on details - sources

29 Nov 2018

LONDON/MOSCOW Russia is becoming increasingly convinced it needs to reduce oil output in tandem with OPEC but is still bargaining with the producer group's leader, Saudi Arabia, over the timing and volume of any reduction, two industry sources told Reuters.

Iraq restarts some Kirkuk oil exports after year-long halt

16 Nov 2018

LONDON/BAGHDAD Iraq on Friday restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region, after a new government in Baghdad agreed a tentative deal with Erbil.

UPDATE 4-Iraq restarts some Kirkuk oil exports after year-long halt

16 Nov 2018

* Iraq took over Kirkuk after failed Kurdish independence vote

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

15 Nov 2018

ABU DHABI When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.

UAE's ADNOC wants to rival oil majors as it expands in refining, gas

14 Nov 2018

ABU DHABI Abu Dhabi National Oil Co (ADNOC) will remain wholly owned by the Abu Dhabi government and has no plan to go public, but the firm aspires to compete with Big Oil by expanding in refining and gas, ADNOC's CEO told Reuters.

UAE's ADNOC wants to rival oil majors as it expands in refining, gas

14 Nov 2018

ABU DHABI, Nov 14 Abu Dhabi National Oil Co (ADNOC) will remain wholly owned by the Abu Dhabi government and has no plan to go public, but the firm aspires to compete with Big Oil by expanding in refining and gas, ADNOC's CEO told Reuters.

RPT-EXCLUSIVE-Russian state bank secretly financed Rosneft sale after foreign buyers baulked

12 Nov 2018

* Said sale showed Russia open for business despite sanctions

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