Edition:
United Kingdom

Dmitry Zhdannikov

Russia no longer capping oil output increases - Gazprom Neft

3:33pm BST

LONDON The Russian government is no longer capping oil output increases by local producers, one of the country's top energy companies Gazprom Neft said on Tuesday, signalling that Moscow's supply-restraint pact with OPEC has effectively expired for now.

Mnuchin to attend top Saudi event, media exit over missing journalist

13 Oct 2018

DUBAI/LONDON U.S. Treasury Secretary Steven Mnuchin and Wall Street bankers will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist.

U.S.'s Mnuchin to attend top Saudi event, media exit over missing journalist

13 Oct 2018

DUBAI/LONDON U.S. Treasury Secretary Steven Mnuchin and Wall Street bankers will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist.

Big Oil still reluctant to open spending taps: Goldman

11 Oct 2018

LONDON Energy companies and investors are focused on profits and reluctant to boost spending even after crude prices surged to four-year highs, a senior Goldman Sachs banker said on Thursday.

Big Oil still reluctant to open spending taps -Goldman

11 Oct 2018

LONDON, Oct 11 Energy companies and investors are focused on profits and reluctant to boost spending even after crude prices surged to four-year highs, a senior Goldman Sachs banker said on Thursday.

World's top traders divided on oil outlook as Iran sanctions loom

10 Oct 2018

LONDON The world's biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic.

Traders say U.S. to be big winner of new IMO shipping rules

10 Oct 2018

LONDON The United States is set to be the big winner from new marine fuel rules, trading house Gunvor Group predicted on Wednesday, while rival merchants said the world would not face a shortage of distillates as a result of new rules to cut pollution.

Saudi Arabia to invest $20 billion in spare oil production capacity

04 Oct 2018

MOSCOW Saudi Arabia will invest $20 billion in the next few years to maintain and possibly expand its spare oil production capacity, Saudi Energy Minister Khalid al-Falih said on Thursday.

Putin calls poisoned ex-spy Skripal a scumbag and traitor

04 Oct 2018

MOSCOW President Vladimir Putin on Wednesday called Sergei Skripal, a former Russian double agent poisoned in Britain, a scumbag who had betrayed Russia. | Video

Global energy bosses send Trump a message: world needs Russian gas

03 Oct 2018

MOSCOW Global energy bosses assembled in Moscow on Wednesday said the world needed Russian gas to keep the lights on, in a clear message to U.S. President Donald Trump who has warned he may impose sanctions on Russian gas export projects.

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