LONDON BP has reshuffled its exploration and production division as the oil company readies for the biggest jump in output in its history.
NEW YORK/LONDON Glencore has hired a senior banker from Morgan Stanley, two sources familiar with the matter told Reuters, as the mining giant looks at investments and acquisitions again after two years of belt tightening due to low commodities prices.
LONDON Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade.
MOSCOW/LONDON A former Russian juice magnate who has crude terminals and other assets in the Caspian and Black Sea region says he is expanding cooperation with Kremlin-controlled Rosneft to help the oil major boost trading from Turkey to southern Europe.
LONDON From Pakistan to Turkey, the world's largest independent oil trader Vitol is betting on a spike in gasoline and diesel demand in young and growing nations by snapping up filling stations that disappointed oil companies are prepared to sell.
LONDON, March 7 Glencore's chief Ivan Glasenberg and a top executive from Qatar's state wealth fund QIA will likely join the board of Rosneft this year following their purchase of a stake in the Kremlin oil major, industry sources told Reuters.
LONDON Iraq's Kurdistan has increased the loans guaranteed by future oil sales to $3 billion in new deals with trading houses and Russian state oil firm Rosneft aimed at strengthening its fiscal position as the semi-autonomous region fights Islamic State.
LONDON Oil prices are likely to stay in a tight range between $50 and $60 a barrel this year as a recovery in U.S. shale output counterbalances the OPEC supply cut deal to reduce the global glut, Litasco Chief Executive Tim Bullock said in an interview.
LONDON Commodities trader and miner Glencore reported an 18 percent rise in full-year profit on Thursday, buoyed by a rebound in raw materials prices, and said it was well-placed financially for small acquisitions or a special dividend payout. | Video
LONDON Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing following one of the largest oil gluts in a generation, the International Energy Agency said on Friday.