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Ron Bousso

UPDATE 1-Most of Nord Stream 2 project to be paid for by 2019 - OMV CEO

Nov 16 2018

* OMV to reach production target of 600,000 bpd earlier (Adds details, background)

Oil majors spending 'sweet spot' to last to 2020: BlackRock

Nov 13 2018

LONDON Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, BlackRock, the world's largest asset manager, said on Tuesday.

Big Oil spent 1 percent on green energy in 2018

Nov 12 2018

LONDON Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe's giants vastly outpaced their U.S. and Asian rivals, a study showed.

Saras invests in new bunkering terminal ahead of IMO switch

Nov 07 2018

LONDON, Nov 7 Italian refiner Saras is constructing a ship-refueling terminal at its Sardinia plant and will market a new, cleaner marine fuel ahead of a major regulatory change in 2020, its chief executive told Reuters.

Shell accelerates share buybacks as profits soar

Nov 01 2018

LONDON Royal Dutch Shell's profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion (19 billion pounds) share buyback programme.

Shell accelerates share buybacks as profits soar

Nov 01 2018

LONDON Royal Dutch Shell's profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.

BP's profits thunder to five-year high

Oct 30 2018

LONDON BP's profits thundered to a five-year high, boosted by stronger oil prices with production set to rise further thanks to the $10.5 billion acquisition of BHP Billiton's U.S. shale business this week. | Video

Hedge fund BBL goes bullish on diesel, bearish on oil for 2019

Oct 29 2018

LONDON The market has underestimated the impact of a change in marine fuel oil rules that will turn diesel into 2019's big winner, while crude prices will cool down to around $65 a barrel, a top hedge fund manager told Reuters.

Shippers scramble to install sulphur filters ahead of rule change

Oct 16 2018

LONDON Ship owners accelerated installations of engine cleaning systems this year ahead of stringent new rules in 2020 which sharply reduce the amount of sulphur ships can emit from the 3.5 percent in current bunker fuel to 0.5 percent, according to a report.

European gasoline cracks sink to five-year low

Oct 12 2018

LONDON Benchmark gasoline refining margins in Europe turned negative on Friday for the first time in nearly five years amid bloated stocks and weaker demand in the Atlantic basin.

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