United Kingdom

Noah Browning

Rising U.S. oil output helps fill gap left by Iran, Venezuela: IEA

15 May 2019

LONDON The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday.

Oil prices jump on drone attack on Saudi Aramco facilities

14 May 2019

LONDON Oil prices rose on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.

Outages from Russia to North Sea give physical crude a boost

13 May 2019

LONDON, May 13 Crude oil markets in Europe and West Africa are gaining support from unplanned Russian, Iranian and North Sea supply losses, and analysts say Brent futures have yet to fully reflect this.

Nigeria deploys satellite tech to track oil smugglers

30 Apr 2019

LONDON From algorithms to track "dark" ships smuggling stolen crude oil to an online licensing system to undercut corruption, one Nigerian government agency hopes it can use new technology to tackle theft which has cost the country billions.

Nigeria deploys satellite tech to track oil smugglers

30 Apr 2019

* Tech transparency initiatives aim to boost investor confidence

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.

Venezuela oil output plummets to 870,000 bpd on outages, sanctions: IEA

11 Apr 2019

LONDON Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela's crude output to a long-term low of 870,000 barrels per day (bpd), the International Energy Agency said on Thursday, even lower than OPEC reported the day before.

UPDATE 5-Oil up on tight supply, but economic slowdown weighs

10 Apr 2019

* U.S. crude stocks rise by 4.1 million barrels -API (Updates prices)

Squeezed by U.S. shale, Nigerian oil propped up by Asian demand

08 Apr 2019

LONDON The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressure in Europe.

Exclusive: UK chemicals industry says Brexit could cost sector 500 million pounds

28 Feb 2019

LONDON UK chemicals companies face being shut out of a common EU products registry after Brexit and would need to pay around half a billion pounds ($664 million) to set up a British counterpart, the head of the Chemicals Industry Association told Reuters.

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