Edition:
United States

Dmitry Zhdannikov

Russia's Lukoil buys first Iraqi Kirkuk crude since flows resume

6:46am EST

LONDON The first cargo of Iraqi Kirkuk crude to change hands since flows resumed last month has been sold to Litasco, the Swiss-based trading arm of Russian oil producer Lukoil, ship-tracking data and a shipping document showed.

Exclusive: Exxon, Chevron seek to exit Azerbaijan's oil after 25 years

Dec 04 2018

LONDON Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.

Exclusive: Russia accepts need for oil cuts, bargains with Saudi on details - sources

Nov 29 2018

LONDON/MOSCOW Russia is becoming increasingly convinced it needs to reduce oil output in tandem with OPEC but is still bargaining with the producer group's leader, Saudi Arabia, over the timing and volume of any reduction, two industry sources told Reuters.

Iraq restarts some Kirkuk oil exports after year-long halt

Nov 16 2018

LONDON/BAGHDAD Iraq on Friday restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region, after a new government in Baghdad agreed a tentative deal with Erbil.

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

Nov 15 2018

ABU DHABI When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.

UAE's ADNOC wants to rival oil majors as it expands in refining, gas

Nov 14 2018

ABU DHABI Abu Dhabi National Oil Co (ADNOC) will remain wholly owned by the Abu Dhabi government and has no plan to go public, but the firm aspires to compete with Big Oil by expanding in refining and gas, ADNOC's CEO told Reuters.

RPT-EXCLUSIVE-Russian state bank secretly financed Rosneft sale after foreign buyers baulked

Nov 11 2018

* Said sale showed Russia open for business despite sanctions

Explainer: Why are Iraq's Kirkuk oilfields so important?

Nov 11 2018

BAGHDAD/ABU DHABI Iraq's oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year.

Saudi Arabia to ship less oil in December as it floats cut talks possibility

Nov 11 2018

ABU DHABI Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut.

World News