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United Kingdom

Julia Payne

Exclusive: Angola cuts oil shipments to China as it seeks debt relief

05 Jun 2020

LONDON Angola has cut the number of oil cargoes that it will ship to Chinese state firms to pay down debt to Beijing as it seeks to renegotiate repayment terms to deal with the crippling impact of the coronavirus, three sources familiar with the matter said.

Oil rises as traders await OPEC+ meeting on extending supply cuts

05 Jun 2020

LONDON Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to align themselves with the deal. | Video

UPDATE 1-Energy trader Gunvor returns to profit in 2019, helped by U.S. business

02 Jun 2020

* European refining faces challenges due to coronavirus (Adds details)

Trafigura takes a bet with North Sea oil on post-lockdown revival

22 May 2020

LONDON Commodities trader Trafigura has seized the moment and taken a rare dominant position in the North Sea crude market over the past two weeks as oil demand jumped, trading sources said.

Trafigura takes a bet with North Sea oil on post-lockdown revival

22 May 2020

LONDON, May 22 Commodities trader Trafigura has seized the moment and taken a rare dominant position in the North Sea crude market over the past two weeks as oil demand jumped, trading sources said.

Brent oil market structure, physical rally could draw oil from storage

14 May 2020

LONDON The oil futures market is pricing in tighter supplies due to OPEC-led production cuts and recovering demand as lockdowns to contain the coronavirus outbreak are eased, suggesting a huge inventory buildup could slow and start to be drawn down.

UPDATE 1-Brent oil market structure, physical rally could draw oil from storage

14 May 2020

LONDON, May 14 The oil futures market is pricing in tighter supplies due to OPEC-led production cuts and recovering demand as lockdowns to contain the coronavirus outbreak are eased, suggesting a huge inventory buildup could slow and start to be drawn down.

Brent oil market structure, physical rally could draw oil from storage

14 May 2020

LONDON, May 14 The oil futures market is pricing in tighter supplies due to OPEC-led production cuts and recovering demand as lockdowns to contain the coronavirus outbreak are eased, suggesting a huge inventory buildup could slow and start to be drawn down.

From zero to hero: physical oil rally might be short-lived

07 May 2020

LONDON/MOSCOW From Kazakhstan to the North Sea and the United States, physical crude has jumped in value in recent days but the rally will likely be tactical and short-lived rather than signalling a proper recovery, according to traders and analysts.

UPDATE 6-Oil jumps on China export bounce, longer term outlook weak

07 May 2020

* Saudi Arabia raises June official selling prices (Adds quote, updates prices)

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