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United States

Olga Yagova

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.

Exclusive: Russia's Exxon-led Sakhalin-1 rolls back plan for oil output hike - sources

Jan 23 2018

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.

Transneft says its computers were used for mining cryptocurrency

Dec 15 2017

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.

China's CEFC eyes big league with Rosneft oil offtake deal

Oct 17 2017

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.

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