* Surgutneftegaz is Russia's fourth biggest oil firm by
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.
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.
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.
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.
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.
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.
MOSCOW Russia's Sakhalin-1 oil project, led by ExxonMobil, has ditched plans to raise output by a quarter this year after it was ordered by the authorities to return to previous lower production limits, industry sources told Reuters on Tuesday.
MOSCOW Transneft said on Friday its computers had been used for the unauthorized manufacture, or "mining", of the cryptocurrency Monero but said the firm now had systems to prevent this happening again.
BEIJING/MOSCOW As part of its recent $9.1 billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil - giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol.