Edition:
United Kingdom

Dmitry Zhdannikov

More parties pulled at London oil week due to coronavirus

19 Feb 2020

LONDON The list of parties at London's International Petroleum Week, one of the world's biggest oil industry gatherings, continues to shrink as hosts such as ExxonMobil and Azerbaijan's SOCAR cancel events due to the coronavirus outbreak, trading sources said.

London oil week suffers more party cancellations due to coronavirus

18 Feb 2020

LONDON, Feb 18 The list of cocktail parties during London's International Petroleum Week has shrunk even further as hosts like ExxonMobil and Azerbaijan's SOCAR continue to cancel events due to the coronavirus, trading sources said.

UPDATE 2-Oil traders rent S.Korean storage after virus hits China demand

17 Feb 2020

* Traders lease close to 15 million bbls of storage in S. Korea

Oil traders rent South Korean storage after virus hits China demand

17 Feb 2020

LONDON/SINGAPORE Several top trading houses have rented millions of barrels of crude storage in South Korea this month to hold excess oil supplies after the coronavirus outbreak dampened demand in China, the world's largest importer, trading sources said.

Exclusive: Qatar delays partnerships for natural gas expansion amid price collapse - sources

17 Feb 2020

LONDON Qatar has delayed choosing Western partners for the world's largest liquefied natural gas (LNG) project by several months after surprising the industry with a big expansion plan despite a collapse in global gas prices, four sources said.

Oil companies cancel IP Week receptions due to coronavirus

14 Feb 2020

MOSCOW/LONDON Oil companies are cancelling their receptions at International Petroleum Week (IP Week) in London at the end of this month as concerns over the spread of coronavirus rise, five traders told Reuters on Friday.

UPDATE 4-Oil rises 3% as fall in new coronavirus cases in China eases fuel demand concerns

12 Feb 2020

* OPEC waiting for Russian answer on need for new cut (Updates prices, adds OPEC report)

Exclusive: BP eyes sale of Algerian gas plant after Rosneft talks fail - sources

06 Feb 2020

LONDON BP is seeking buyers for its stake in a major Algerian gas plant deep in the Sahara desert after recent talks on a sale to Russian oil giant Rosneft failed, three industry sources told Reuters.

Oil flips into contango, indicating months of surplus

04 Feb 2020

LONDON The oil market looks set for at least four months of depressed demand because of China's coronavirus outbreak, with a large crude surplus not expected to clear at least until August, analysts and traders said.

OPEC+ considering further 500,000 bpd oil output cut: sources

03 Feb 2020

LONDON OPEC and its allies are considering cutting their oil output by a further 500,000 barrels per day (bpd) due to the impact on oil demand from the coronavirus, three OPEC+ sources and a industry source familiar with the discussions said. | Video

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