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Europe

Azerbaijan's oil shipments via Russia jump to 818,664 t in Jan–July

BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 818,664 t in January–July this year from 559,065 t in the same period last year, state oil company SOCAR said on Tuesday.

German ministers and carmakers meet to 'save diesel'

BERLIN (Reuters) — German politicians and car bosses agreed on Wednesday to overhaul engine software on 5.3 MM diesel cars to cut pollution and try to repair the industry's battered reputation.

Asia traders consider sending diesel, jet fuel to Europe after Dutch refinery fire

SINGAPORE (Reuters) — Traders in Asia are considering shipping diesel and jet fuel to Europe after a fire at that region's largest oil refinery disrupted supplies and boosted fuel margins, five traders and shipbrokers said on Tuesday.

Oil near two-month high as producers set to meet again

LONDON (Reuters) — Oil prices rose on Monday, putting July on track to become the strongest month so far this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of US sanctions against Venezuela.

Shell suspends Pernis refinery loadings after fire

LONDON (Reuters) — Royal Dutch Shell suspended loadings of oil products from its Pernis refinery in the Netherlands following a fire at the plant, the company said in a statement to traders on Sunday.

North Sea Ekofisk crude exports to be 240,000 bpd in Sept

LONDON (Reuters) — Exports of North Sea crude stream Ekofisk will be 240,000 bpd in September, down slightly from 252,000 bpd in August, an industry source with direct knowledge said.

German business group: EU must retaliate if hurt by US sanctions on Russia

BERLIN (Reuters) — Europe must be prepared to respond in kind if the United States' proposed new sanctions against Russia end up hurting its companies, an influential German industry association said on Thursday.

KBR wins LBED contract for ammonia plant revamp in Russia

HOUSTON — KBR, Inc. announced that it has been awarded a contract by Dorogobuzh JSC (owned by JSC ACRON) to provide licensing and basic engineering design (LBED) to revamp an ammonia plant—originally built by KBR—located in the Dorogobuzh, Smolensk region of Russia.

Shell sees oil demand peaking by late 2020s as electric car sales grow

LONDON (Reuters) — The world's oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, Royal Dutch Shell Chief Executive Ben van Beurden said on Thursday.

Oil prices rise as falling US inventories stoke rebalancing hopes

LONDON (Reuters) — Oil prices rose to near eight-week highs on Wednesday, as a fall in US inventories bolstered expectations that the long-oversupplied market was moving toward balance.