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United States

Olga Yagova

RPT-Small trading firms gain Rosneft oil product exports after sanctions

Oct 13 2020

MOSCOW, Oct 13 Rosneft has sold more than a third of its seaborne oil product exports to small trading firms so far in 2020, shipping data and Reuters calculations show, in a shift from the Russian state oil giant's strategy of sales to top trading houses and oil majors.

Turkey's STAR refinery ditches expensive Urals oil for Iraq, Norway grades

Sep 24 2020

MOSCOW Turkey's STAR refinery, controlled by Azerbaijan's SOCAR company, has sharply reduced its purchases of Russian Urals oil in 2020 in search for better margins, turning to grades from Iraq and Norway instead, traders said and data showed on Thursday.

Russia's Novak expects no hasty OPEC+ decisions this month - reports

Aug 13 2020

MOSCOW Russian Energy Minister Alexander Novak does not expect any hasty decisions on output cuts when an OPEC+ group monitoring committee meets next week as the oil market has been stable, Russian news agencies reported on Thursday.

Russia's Novak expects no hasty OPEC+ decisions this month: reports

Aug 13 2020

MOSCOW Russian Energy Minister Alexander Novak does not expect any hasty decisions on output cuts when an OPEC+ group monitoring committee meets next week as the oil market has been stable, Russian news agencies reported on Thursday.

ChemChina buys Gazprom Neft's first Arctic oil cargo for China: sources

Jul 16 2020

MOSCOW/SINGAPORE Russia's Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday.

Spring oil flood causes summer queues in Chinese ports

Jul 02 2020

MOSCOW/BEIJING Chinese ports are struggling to unload record volumes of crude with storage tanks full after the country rushed to buy extra barrels during April's oil price crash, according to traders and shipping data seen by Reuters.

Russian share of Europe oil market under threat as exports hit 20-year lows

Jun 30 2020

MOSCOW Russian oil exports to Europe are set to hit their lowest levels in two decades in July, with an output cut deal prompting other suppliers to fill the gap left by Moscow, data from traders and Refinitiv Eikon shows.

Urals u-turn as Europe shuns expensive Russian oil

Jun 26 2020

MOSCOW/LONDON The rapidly rising price of Russia's flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday.

Physical oil rally pauses due to weak margins

Jun 22 2020

LONDON/MOSCOW After weeks of rising, prices of physical oil have begun to ease, traders and analysts say, as the rally succumbs to the reality of poor refinery margins and brimming storage tanks.

Vitol veteran Taylor, who transformed oil trade, dies aged 64

Jun 09 2020

SINGAPORE/LONDON/MOSCOW Ian Taylor, who built Vitol into the world's biggest oil trader, has died from pneumonia at the age of 64, the company said on Tuesday, after surviving bouts of cancer and a stroke last year.

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