Edition:
United Kingdom

Dmitry Zhdannikov

Probes and squeezed profits change the oil trading game

3:45pm BST

GENEVA/LONDON For the world's biggest oil traders, it feels like a return to the 1980s when earnings were diluted by an abundance of crude.

Probes and squeezed profits change the oil trading game

1:45pm BST

GENEVA/LONDON, June 20 For the world's biggest oil traders, it feels like a return to the 1980s when earnings were diluted by an abundance of crude.

Short-seller Iceberg Research turns focus to Trafigura bond

12:14pm BST

* Brazilian bond's book value rose despite fall in quoted price

Glencore puts Chad oilfields up for sale - sources

12 Jun 2019

LONDON Mining and trading giant Glencore has put its oilfields in Chad up for sale, three sources familiar with the matter said, in a retreat from its foray into oil production following asset writedowns over the past decade.

Trafigura profit leaps as oil and gas trading offsets losses at associates

11 Jun 2019

LONDON Trading house Trafigura's six-month net profit jumped by 92% after strong performance from its oil and gas desks helped to offset weakness at the metals division and losses at key associates.

Russia's Sechin accuses U.S. of using energy as political weapon

06 Jun 2019

ST PETERSBURG Igor Sechin, CEO of Russian oil giant Rosneft, accused the United States of using energy as a political weapon and said on Thursday that the U.S. golden age of energy had become an "era of energy colonialism" for other countries.

Glencore's head of oil, Alex Beard, retires amid U.S. probes

03 Jun 2019

LONDON Glencore's head of oil, Alex Beard, who helped make the firm one of the world's top three oil trading houses, will retire this month, the company said on Monday in yet another management shake-up amid U.S. probes into its activities.

CORRECTED-UPDATE 1-Glencore's head of oil, Alex Beard, retires amid U.S. probes

03 Jun 2019

LONDON, June 3 Glencore's head of oil, Alex Beard, who helped make the firm one of the world's top three oil trading houses, will retire this month, the company said on Monday in yet another management shake-up amid U.S. probes into its activities.

Factbox: Russian oil flows to Europe partially resume after contamination

28 May 2019

Russia has partially resumed oil flows along the Druzhba pipeline, which runs to Eastern Europe and Germany, following contamination last month that buoyed global prices and left refiners in Europe scrambling for supply.

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