Fuels & Lubes

Oman Oil Eyes Local Oxy Assets

Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief executive said on Tuesday.

Ukraine, Russia, EU Try to Finalize Gas Deal

Differences over debt, prepayments; Ukraine struggling to secure funds for gas payment. Russia says hopes to finalize a deal. Russia and Ukraine aim to resolve

Finances Delay Norway Oil Projects

Several Norwegian oil and gas projects with development plans due next year will be delayed because of high costs and technological challenges, while several will also go ahead,

EU Syria Sanctions Now Target UAE Firms

EU follows U.S. lead with sanctions on Pangates; asset freezes, travel bans on 12 Syrian ministers. military figures, oil trading executives also targeted. The

US Offers Mediators for INA-MOL Energy Row

Croatia government, MOL at odds over INA for years; USA proposes international mediators, cites energy concerns. Both sides launched arbitration suits last year.

EU Governments Agree to Ban Jet Fuel Exports to Syria

European Union governments agreed on Monday to ban the export of jet fuel to Syria because it is being used for air attacks on civilians, the EU said. The step

Somalia Aims to Get Oil Flowing by 2020

Call for oil majors to lift force majeure Petroleum ministry talking with regional governments Improved offshore security should enable exploration Somalia

Brent Crude Oil Futures Fall $1 per Barrel on Global Oversupply

U.S. and Brent crude oil futures each fell over a dollar to $81.79 and $84.75, respectively, on concerns about global oversupply. Abundant global oil supplies,

Prompt Prices Gain on Renewables Drop, Demand Gain

Bulgaria reconnects reactor after planned outage Proposed gas deal would see Ukraine through the winter Wind generation forecast lower at 9.2 GW Central

Cyprus: Turkish Vessel Encroaching on its Offshore Gas Areas

Turkish research vessel, frigate south of Cyprus coast Cypriot govt says research attempt violates sovereignty Turkey doesn't recognise Greek Cypriot

PDVSA Confirms Crude Imports

Venezuelan state oil company PDVSA confirmed late on Sunday reports that it is importing light crude to blend with extra-heavy oil from the Orinoco belt. PDVSA

Kiev/Moscow Gas Deal Sign of Progress, More Details to Set

German Chancellor Angela Merkel said on Monday a gas deal struck between Ukraine and Russia was a sign of good progress, but there were still details to be worked

Oil Slips Below $86 on Global Oversupply

OPEC ministers due to meet in Vienna on Nov. 27 Key oil producers resist output cuts despite glut Rival governments claim to control Libya's oil

LNG America, Buffalo Marine to Design LNG Bunker Fuel Network

LNG America announced it has entered an agreement with Buffalo Marine Service, Inc. (Buffalo Marine) to cooperate on the design of an LNG bunker fuel network for the U.

Hope and Obstacles as Russia and Ukraine Seek Gas Deal

Differences over debt, prepayments remain Ukraine struggles to secure funds for Russian gas payment A tentative agreement between the Ukrainian

India Closer to Selling ONGC Stake

Top Indian official meets bankers to discuss stake sale; India looks to raise $3 bln from sale of 5 pct stake in ONGC. Time right for divestment, says finance ministry official.

China Utility Aims to Triple Gas Power 2020

State utility China Huadian Corp wants to nearly triple its gas-fired power capacity by 2020, state-run China Energy News reported on Monday, part of China's campaign

Ukraine, Russia Gas Deal in the Works

Russia agrees to supply Ukraine with 5 bcm gas to March 31; winter gas price to be $385 per 1000 cubic meters. Agreement expected to be finalized on Tuesday in

EU Wants Market-Led Response to Any Russian Gas Crisis

"A price increase is not a supply crisis and not a justification for intervening in the market under the pretext of security of supply," the European Commission

Czech and Slovak Spot Fall, Hungary up on Lower Imports

Czech and Slovak day ahead power prices fell on Friday due to forecasts for an increase in renewable power generation while the Hungarian power for Saturday jumped on a fall in import capacity,

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