Edition:
United Kingdom

Olga Yagova

Spring oil flood causes summer queues in Chinese ports

02 Jul 2020

MOSCOW/BEIJING Chinese ports are struggling to unload record volumes of crude with storage tanks full after the country rushed to buy extra barrels during April's oil price crash, according to traders and shipping data seen by Reuters.

Russian share of Europe oil market under threat as exports hit 20-year lows

30 Jun 2020

MOSCOW Russian oil exports to Europe are set to hit their lowest levels in two decades in July, with an output cut deal prompting other suppliers to fill the gap left by Moscow, data from traders and Refinitiv Eikon shows.

Russian share of Europe oil market under threat as exports hit 20-year lows

30 Jun 2020

MOSCOW, June 30 Russian oil exports to Europe are set to hit their lowest levels in two decades in July, with an output cut deal prompting other suppliers to fill the gap left by Moscow, data from traders and Refinitiv Eikon shows.

Urals u-turn as Europe shuns expensive Russian oil

26 Jun 2020

MOSCOW/LONDON The rapidly rising price of Russia's flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday.

Physical oil rally pauses due to weak margins

22 Jun 2020

LONDON/MOSCOW After weeks of rising, prices of physical oil have begun to ease, traders and analysts say, as the rally succumbs to the reality of poor refinery margins and brimming storage tanks.

Vitol veteran Taylor, who transformed oil trade, dies aged 64

09 Jun 2020

SINGAPORE/LONDON/MOSCOW Ian Taylor, who built Vitol into the world's biggest oil trader, has died from pneumonia at the age of 64, the company said on Tuesday, after surviving bouts of cancer and a stroke last year.

Exclusive: Rosneft replaces sanctioned trading arm with new one - sources

04 Jun 2020

MOSCOW Russia's Rosneft , which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with the matter said.

Exclusive: China snaps up Russia's expensive Urals oil in thirst for sour barrels

01 Jun 2020

MOSCOW China's refiners have purchased a quarter of Russia's Urals oil exports planned for June in the Baltic despite record high premiums for the grade due to a lack of sour barrels as result of the OPEC+ output cuts, traders said and shipping data showed.

Exclusive: Russia's Rosneft finds extended oil cuts painful - sources

29 May 2020

MOSCOW Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday.

Exclusive: Russia's Rosneft finds extended oil cuts painful - sources

28 May 2020

MOSCOW Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday.

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