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United States

Olga Yagova

Start-up of Turkey's new $6 billion STAR oil refinery delayed to 2019

Nov 13 2018

MOSCOW/LONDON The commercial start-up of Turkey's new $6.3 billion oil refinery has been delayed until early next year and the plant is not expected to reach full capacity until mid-2019, three sources familiar with the matter said, as tests revealed minor faults.

Exclusive: Russia clashes with Western oil buyers over new deals as sanctions loom

Nov 09 2018

MOSCOW Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions. | Video

Exclusive: Rosneft in stand-off with oil buyers as it seeks sanctions protection

Nov 07 2018

MOSCOW Rosneft wants its Western oil buyers to accept new terms and pay penalties from 2019 if they fail to pay for supplies in the event that new U.S. sanctions on the Russian energy major disrupt its oil sales, according to trading sources and Rosneft's draft contracts. | Video

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.

South Korea turns to Kazakh CPC oil as U.S. sanctions on Iran loom

Jul 02 2018

MOSCOW/SEOUL South Korea has imported four times more CPC Blend crude so far in 2018 than in the same period last year, as the major Asian oil consumer seeks to replace Iranian supplies, shipments data and trading sources 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.

Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia

Apr 24 2018

MOSCOW/LONDON As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude.

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.

Physical oil market sends warning to OPEC: Rout might not be over

Feb 14 2018

LONDON As OPEC watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be far from over.

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