Europe
Oil eases as traders and investors grow edgy ahead of OPEC
LONDON (Reuters) — Oil eased on Monday, as traders were wary of betting too heavily on which way prices might move ahead of an OPEC meeting next week, when the exporter group is expected to decide whether to continue output cuts aimed at propping up prices.
Rosneft says clinches oil supply deal with China's CEFC
MOSCOW (Reuters) — Russia’s largest oil producer Rosneft said on Monday it had signed a deal with CEFC China Energy Company Ltd on oil supplies, further strengthening its foothold in the world’s largest energy consumer.
Shell's long-standing head of crude trading Muller quits
LONDON (Reuters) — Royal Dutch Shell's head of crude oil trading Mike Muller, has stepped down after 29 yr with the company, an internal announcement reviewed by Reuters on Friday showed.
Oil climbs, but still set for first weekly fall in six
LONDON (Reuters) — Oil prices climbed on Friday but were still heading for their first week of losses in six, weighed down by Russian hesitation for extending a global pact to cut output and curb oversupply.
Saudi energy minister: Market to remain oversupplied by March 2018
BONN, Germany (Reuters) — The world will still have a surplus of oil by end-March next year, Saudi Arabia's energy minister said on Thursday, signaling a willingness to extend output cuts when OPEC meets at the end of November on whether to extend caps well into 2018.
Romania closes one case against Russia's Lukoil, related trial still on
BUCHAREST/MOSCOW (Reuters) — Romanian prosecutors have decided to close a criminal case against Russia's Petrotel Lukoil refinery in Romania over allegations of money laundering, although the trial of a larger related case continues, they said on Friday.
IEA: US to account for most world oil output growth over 10 yr
BONN, Germany (Reuters) — The United States is expected to account for more than 80% of global oil production growth in the next 10 yr and it will produce 30% more gas than Russia by that time, he International Energy Agency (IEA) said on Thursday.
Rosneft board approves oil deal with China's CEFC
BEIJING (Reuters) — Russia's Rosneft has approved a 2018 deal to supply CEFC China Energy about 12 MMt of crude oil as part of the Chinese firm's $9.1 B investment in the Russian oil major, a Chinese source with direct knowledge of the matter said on Thursday.
Carlyle eyes Varo Energy IPO valuing European refiner at $2 B
(Reuters) — Varo Energy BV's owners, US private equity firm Carlyle Group and commodities trader Vitol, are looking at an initial public offering next year that could value the European oil refiner at about $2 B, the Wall Street Journal reported on Wednesday.
EIA: Russia exports most of its crude oil production, mainly to Europe
Russia exported more than 5.2 MMbpd of crude oil and condensate and more than 2.4 MMbpd of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.
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