Edition:
United Kingdom

Olga Yagova

Russia cashes in as European oil refiners pay for U.S. sanctions

12 Apr 2019

MOSCOW European refiners are paying the price for U.S. oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed.

Exclusive: Rosneft opens trading arm in Singapore as part of Asian pivot

06 Mar 2019

MOSCOW/LONDON Rosneft is opening a trading arm in Singapore as part of a pivot to Asia, the world's biggest and fastest-growing energy-consuming region, where the Russian state oil major plans to manage new projects and boost oil sales.

As traders tussle over tankers, Turkmenistan slashes oil exports

19 Feb 2019

(This Feb. 14 story corrects the figure in the second paragraph to 200,000 tonnes per month - not per year)

RPT-As traders tussle over tankers, Turkmenistan slashes oil exports

15 Feb 2019

MOSCOW/LONDON, Feb 14 A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.

Venezuela turns to India for oil exports as U.S. sanctions bite

13 Feb 2019

HOUSTON/MEXICO CITY/MOSCOW Venezuela's oil exports have tapered off and shifted towards India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.

CORRECTED-Venezuela turns to India as sanctions cut oil flow to U.S., Europe

13 Feb 2019

HOUSTON/MEXICO CITY/MOSCOW, Feb 12 Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.

With Iran squeezed out, U.S. oil takes on new rivals in Europe

11 Feb 2019

MOSCOW/NEW YORK When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared.

Oil exports from Ceyhan poised to fall due to Turkmen diversion

25 Jan 2019

MOSCOW Azeri BTC oil exports from Turkey's Ceyhan port are set to fall after Turkmenistan diverts its oil flows to Russia, which may also reduce the quality of the Azeri BTC blend by lowering its Turkmen content, traders and industry sources said.

South Korea gets its first cargo of Russia's Yamal condensate

06 Dec 2018

MOSCOW, Dec 5 South Korea will receive its first cargo of Russian condensate from Novatek's new Yamal LNG project this month as it looks for alternatives to Iranian supplies that have been complicated by U.S. sanctions.

Gazprom Neft's thirst for oil shows Russian dilemma on OPEC pact

27 Nov 2018

ORENBURG, Russia In the green-to-golden steppe some 1,500 km east of Moscow, a unit of Gazprom Neft, Russia's third-biggest oil producer, is drilling hard as it eyes a production hike of 20 percent a year, developing once-forgotten and depleted fields.

World News