United States

Gleb Gorodyankin

Russia cashes in as European oil refiners pay for U.S. sanctions

Apr 12 2019

MOSCOW European refiners are paying the price for U.S. oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed.

Venezuela turns to India for oil exports as U.S. sanctions bite

Feb 13 2019

HOUSTON/MEXICO CITY/MOSCOW Venezuelan oil company PDVSA is looking to double exports to India as U.S. sanctions hobble deliveries to the United States and Europe.

Oil exports from Ceyhan poised to fall due to Turkmen diversion

Jan 25 2019

MOSCOW Azeri BTC oil exports from Turkey's Ceyhan port are set to fall after Turkmenistan diverts its oil flows to Russia, which may also reduce the quality of the Azeri BTC blend by lowering its Turkmen content, traders and industry sources said.

RPT-EXCLUSIVE-Russian oil firm seeks dollar alternative amid US sanctions threat-traders

Sep 20 2018

* Surgutneftegaz is Russia's fourth biggest oil firm by output

Exclusive: Russian oil firm seeks dollar alternative amid U.S. sanctions threat - traders

Sep 19 2018

MOSCOW Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher U.S. sanctions, traders who deal with the firm told Reuters.

In sign of supply flexibility, Russia wields oil stocks to boost output

Jul 19 2018

MOSCOW Russia used stocks held in tanks at its oilfields to help boost crude production in June, three industry sources told Reuters, in a sign of supply flexibility as OPEC kingpin Saudi Arabia pushes other major producers to increase spare output capacity.

Vitol to offer $650 million more to Kazakhstan in oil prepayment deal

Jul 04 2018

LONDON/ALMATY/MOSCOW Major European trader Vitol is set to increase its cash-for-oil deal with Kazakhstan's state energy firm by offering about $650 million or more to finance the Kashagan oilfield, sources familiar with the matter said.

Russia's oil export, refinery plans point to increase in output

Jun 19 2018

MOSCOW Ahead of a meeting with Saudi Arabia and other producers, Russia already plans to increase oil exports, its July-September schedule shows, which coupled with increasing refinery runs suggests Moscow is gearing up to raise production.

Exclusive: Trafigura set to boost its dominance in Urals - sources

Mar 16 2018

MOSCOW/LONDON Oil trader Trafigura will regain its position as the largest buyer of seaborne crude from Russia's Rosneft, trading sources told Reuters on Friday, expanding their partnership as Rosneft reduces its dealings with Vitol and Glencore.

Exclusive: Russia's Rosneft aims for big boost in oil exports to China - sources

Oct 09 2017

(This version of the October 6 story corrects figure in paragraph 1 to 360,000 bpd from 36,000 bpd)

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