Edition:
United Kingdom

Julia Payne

U.S. tells foreign firms to stop jet fuel trading with Venezuela: sources

23 May 2019

LONDON The United States told some large foreign firms this week they should stop trading jet fuel with Venezuela or face sanctions, according to two industry sources, ratcheting up pressure intended at removing Venezuelan President Nicolas Maduro from power.

UPDATE 2-Nigeria's Trans Forcados pipeline remains closed after fire

21 May 2019

LONDON, May 21 Nigeria's Trans Forcados pipeline remains closed but no force majeure has been declared, a Shell spokeswoman said on Tuesday, after a fire broke out on Sunday.

Russian oil quality back to normal at Baltic port after contamination

13 May 2019

MOSCOW/LONDON Russia has begun shipping clean oil via the Baltic after a contamination problem disrupted flows for three weeks and it is working to resume supplies by a pipeline to Europe although traders said this might take several more weeks to fix.

Mercuria enters LNG trading after poaching EDF team

06 May 2019

LONDON Mercuria Energy Group is building a liquefied natural gas desk with the hire of three LNG traders from French utility EDF's trading arm, having eyed the market for several years, sources familiar with the matter said.

Mercuria enters LNG trading after poaching EDF team

05 May 2019

LONDON Mercuria Energy Group is building a liquefied natural gas desk with the hire of three LNG traders from French utility EDF's trading arm, having eyed the market for several years, sources familiar with the matter said.

Mercuria enters LNG trading after poaching EDF team

05 May 2019

LONDON, May 6 Mercuria Energy Group is building a liquefied natural gas desk with the hire of three LNG traders from French utility EDF's trading arm, having eyed the market for several years, sources familiar with the matter said.

U.S. sanctions on Iran, Venezuela set up crunch for heavier oil

29 Apr 2019

LONDON Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of heavy-medium crude, driving up prices for scarcer barrels and setting up a stand-off between buyers and sellers.

Commodity firm Trafigura jumps into chemical trading with new JV

19 Apr 2019

(This April 17 story corrects company to Shell from Chevron in paragraph 9)

UPDATE 3-Angola's crude exports to hit lowest level in 13 years in June

17 Apr 2019

LONDON, April 17 Angola's crude oil exports will fall in June to their lowest level in 13 years due to a shutdown at the Saturno field for maintenance, according to a preliminary loading programme and an industry source.

Exclusive - Exxon weighs sale of Nigerian oil and gas fields for up to $3 billion

02 Apr 2019

LONDON Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters.

World News

Europeans vote, with EU future in balance

Europeans vote on Sunday in an election expected to further dent traditional pro-EU parties and bolster the nationalist fringe in the European Parliament, putting a potential brake on collective action in economic and foreign policy.