Edition:
United Kingdom

Ron Bousso

Shippers scramble to install sulphur filters ahead of rule change

16 Oct 2018

LONDON Ship owners accelerated installations of engine cleaning systems this year ahead of stringent new rules in 2020 which sharply reduce the amount of sulphur ships can emit from the 3.5 percent in current bunker fuel to 0.5 percent, according to a report.

European gasoline cracks sink to five-year low

12 Oct 2018

LONDON Benchmark gasoline refining margins in Europe turned negative on Friday for the first time in nearly five years amid bloated stocks and weaker demand in the Atlantic basin.

UPDATE 4-European gasoline cracks sink to five-year low

12 Oct 2018

* Gasoline demand in U.S., Europe declined in August (Adds graphic)

European diesel car sales plummet - IEA

12 Oct 2018

LONDON Diesel car sales in Europe fell sharply in the first half of the year amid buyer concerns over pollution and falling resale value as governments seek to reduce combustion engine car sales.

Big Oil still reluctant to open spending taps: Goldman

11 Oct 2018

LONDON Energy companies and investors are focused on profits and reluctant to boost spending even after crude prices surged to four-year highs, a senior Goldman Sachs banker said on Thursday.

Big Oil still reluctant to open spending taps -Goldman

11 Oct 2018

LONDON, Oct 11 Energy companies and investors are focused on profits and reluctant to boost spending even after crude prices surged to four-year highs, a senior Goldman Sachs banker said on Thursday.

Shell sees Nigeria corruption trial lasting many months - memo

11 Oct 2018

LONDON Royal Dutch Shell expects a landmark corruption trial over a Nigerian oil deal to last many months, warning staff of continued critical media coverage in the $1.3 billion case, according to an internal memo seen by Reuters.

Chevron eyes Houston Ship Channel for second U.S. Gulf refinery

09 Oct 2018

LONDON/HOUSTON Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.

UPDATE 1-Chevron eyes Houston Ship Channel for 2nd U.S. Gulf refinery

09 Oct 2018

LONDON/HOUSTON, Oct 9 Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.

Natural gas here to stay beyond energy transition, Big Oil says

09 Oct 2018

LONDON Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.

World News