Edition:
United States

Dmitry Zhdannikov

Mar 16 2017

BP appoints new heads of production, drilling as output set to jump

LONDON BP has reshuffled its exploration and production division as the oil company readies for the biggest jump in output in its history.

Mar 13 2017

Glencore hires Morgan Stanley banker as it targets investments

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.

Mar 10 2017

Despite sanctions relief, Shell still cool on Iranian oil buys

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.

Mar 10 2017

Russian oil major turns to former juice king to boost 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.

Mar 10 2017

Oil trading giant Vitol bets on fuel retail for growth

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.

Mar 07 2017

Glencore's Glasenberg seen joining Russia's Rosneft board - sources

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.

Feb 28 2017

Exclusive: Iraq's Kurdistan negotiates new terms, raises oil pre-payments to $3 billion

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.

Feb 27 2017

Litasco CEO sees oil range-bound in 2017, looks to expand

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.

Feb 23 2017

Glencore ready for deals and dividends after profit boost

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

Feb 10 2017

IEA says record OPEC cut compliance helps oil market rebalance

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.

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