Europe
Oil weak as OPEC aims to offset rising US output
LONDON (Reuters) — Oil prices fell on Wednesday, pulled down by caution that rising US crude output could scupper a rally that lasted for most of the third quarter.
Certas Energy uses cloud solution to run Danish service station network
HAMBURG/DUBLIN — Certas Energy Retail Europe, part of the Irish group DCC, has moved its operations for another service station network to the cloud. Following the migration in France, Certas Energy is now also controlling its 210 stations in Denmark using Implico Global Operation Services (iGOS), the cloud solution for downstream services.
OPEC looking at deepening, extending oil supply cut
MOSCOW (Reuters) — Oil producer group OPEC is looking at extending or deepening a supply-cutting deal with non-member countries, two OPEC ministers said on Wednesday, keeping open the prospect of additional action to get rid of a glut and prop up prices.
Oil exports will be main topic at OPEC, non-OPEC meeting in Moscow
MOSCOW (Reuters) — Oil exports will be in the spotlight at a meeting between OPEC and non-OPEC members in Moscow this week, Russian Energy Minister Alexander Novak said on Tuesday.
Oil prices fall for a second day on oversupply concerns
TOKYO (Reuters) — Oil fell edged lower on Tuesday, declining for a second day and sapping more strength from a Q3 rally, amid signs that a global glut in crude may not be clearing as quickly as bulls had hoped.
European sales of gasoline-powered cars overtake diesel
LONDON (Reuters) — Sales of gasoline-powered cars have overtaken diesel in the first half of this year for the first time since 2009, the European Automobile Manufacturers Association (ACEA) said this week.
Statoil charters last of the world's largest oil tankers to hold crude for Asia buyers
SINGAPORE (Reuters) — Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said.
Lukoil postpones maintenance of Volgograd refinery unit to 2018
MOSCOW (Reuters) — Russia’s Lukoil has postponed maintenance of hydro-cracking unit at its Volgograd refinery to March or April 2018, three trading industry sources told Reuters on Wednesday.
Russia keeps spot as China's top oil supplier for sixth month
BEIJING (Reuters) — Russia beat Saudi Arabia to become China’s top crude oil supplier for a sixth month in August, as independent refiners ramped up purchases and as state-owned refiners bought seaborne shipments from the Russian Far East port of Kozmino.
Enterprise: US oil exports to meet 5% of non-US global demand by 2022
SINGAPORE (Reuters) — Crude oil exports from the United States will increase to meet 5% of global demand by 2022, as refiners seek more low-sulfur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday.
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