Edition:
United States

Libby George

Feb 17 2017

Europe's refiners cash in despite OPEC oil cuts

LONDON A global deal to cut oil production has had the unintended consequence of aiding Europe's older refineries by bolstering supplies of light crude while curbing shipments of the heavier grades favoured by more advanced plants in other continents.

Feb 03 2017

Hammer could fall on Europe's vulnerable refineries from 2018

ANTWERP Strong residual demand for oil products and the emergence of only a handful of new refineries will protect the profits of Europe's long struggling operations this year, but experts expect the hammer to fall on the weakest from 2018.

Feb 02 2017

Spike in maintenance expected to boost oil refining margins

ANTWERP Increased refinery maintenance in Asia and the Middle East is expected to boost profits for operators in other regions in the first half of this year, market watchers said on Wednesday.

Feb 02 2017

West African push to clean up toxic fuel hits snags

LONDON A West African drive to clean up toxic fuels that campaigners say pose a health hazard to millions has run into difficulties less than two months after it was announced, according to importers, traders and other oil industry insiders.

Feb 01 2017

OPEC cut extension could hurt Saudi plan to balance market- Gunvor

ANTWERP An extension of OPEC oil production cuts could push oil prices too high to meet Saudi Arabia and others' objective of balancing the market without encouraging U.S. shale output, Gunvor's head of oil market research said on Wednesday.

Feb 01 2017

OPEC cut extension could hurt Saudi plan to balance market- Gunvor

ANTWERP, Feb 1 An extension of OPEC oil production cuts could push oil prices too high to meet Saudi Arabia and others' objective of balancing the market without encouraging U.S. shale output, Gunvor's head of oil market research said on Wednesday.

Jan 30 2017

Sulfur-rich crudes, usually discounted, shine after OPEC cuts

LONDON Efforts to stem the world's surplus of crude oil have thus far only moderately balanced the market – but have turned typically lower-quality crude into the most sought after barrels.

Jan 26 2017

Court rules Shell can't be sued in London for Nigeria oil spills

LONDON Royal Dutch Shell cannot be sued in London over oil spills in Nigeria, the High Court ruled on Thursday, in a setback to attempts to hold British multinationals liable at home for their subsidiaries' actions abroad.

Jan 06 2017

Oil prices fall on doubts over OPEC production cut compliance

LONDON Oil prices fell on Friday, reversing earlier gains, on concerns that not all OPEC producers will cut output in line with an agreement reached in November, and a stronger U.S. dollar.

Jan 06 2017

Shell battles Nigerian communities in high-stakes London lawsuit

LONDON A court in London will decide in coming weeks whether Royal Dutch Shell can face trial in the UK over oil spill allegations in Nigeria, a decision some legal experts predict could attract more cases against multinationals in Britain.

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