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06/18/2017 Oil: News Stories

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Kuwait's ruler calls for Gulf unity to heal Qatar rift | World | Reuters

...... and travel ties with Qatar on June 5, accusing it of funding militant groups and fomenting instability, charges Doha denies. The row has blocked imports, left travellers stranded, hit the oil price and sown confusion among businesses. Sheikh Sabah, a long-serving diplomat, said Gulf countries had "one destiny" because of their historical ties and cross-border family relations. These ......

(332 words by reuters.com)
(06/18/2017)

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2 Articles

MIDEAST STOCKS-Cheaper oil depresses most of Gulf but MSCI hopes buoy Saudi | Reuters

...... Union Properties up on Al Ramz liquidity deal * Big drop by Qatar National Bank drags down Doha By Andrew Torchia DUBAI, June 18 Most major Gulf stock markets fell on Sunday because of weak oil prices, but hopes that Saudi Arabia will join MSCI's group of emerging markets, which would trigger billions of dollars of fund inflows, buoyed that market. MSCI will announce late on Tuesday ......

(586 words by reuters.com)
(06/18/2017)
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Russia's Rosneft finds first oilfield offshore eastern Arctic | Reuters

...... data-share="twitter,facebook,linkedin,mailArticle" data-share-id="UKKBN1990HZ"> MOSCOW Russia's largest oil producer Rosneft ( ROSN.MM ) said on Sunday it had found its first oilfield in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung ......

(543 words by reuters.com)
(06/18/2017)
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Oil prices fall on further rise in US drilling, signs of slowing demand | Reuters

...... SINGAPORE Oil prices fell early on Monday, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand stoked weak sentiment, prompting price levels comparable to when the output cuts were first announced late last year. Brent crude futures LCOc1 were down 11 cents, or 0.23 percent, at $47.26 per barrel at 0035 GMT. U.S. ......

(573 words by reuters.com)
(06/18/2017)
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Chinese state oil giants take petrol price battle to the pumps | Reuters

...... LULIANG, China Chinese state oil giants Sinopec and PetroChina are waging war at the nation's gas pumps, slashing prices at unprecedented rates in an effort to reclaim sales lost to private local and foreign rivals in the $440 billion retail fuel market. The rare price war kicked off in late March as Sinopec ( 0386.HK ) reported first quarter retail sales had slid to a three-year low. ......

(918 words by reuters.com)
(06/18/2017)
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Australia shares to edge higher; NZ flat | Reuters

...... Australian shares are set to inch higher on Monday, with energy stocks poised to rise due to gains in oil prices. Oil prices on Friday bounced up off the year's lows as some producers reduced exports and U.S. rig additions slowed. Wall Street ended little changed on Friday. The local share price index futures rose 0.16 percent, or 9 points, to 5,723, a 51-point discount to the underlying S&P/ASX ......

(228 words by reuters.com)
(06/18/2017)
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Businesses warn UK over freedom of movement as Brexit talks begin: think tanks | Reuters

...... a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the talks said. Chinese state oil giants take petrol price battle to the pumps LULIANG, China Chinese state oil giants Sinopec and PetroChina are waging war at the nation's gas pumps, slashing prices at unprecedented rates in an ......

(555 words by reuters.com)
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U.S. warplane downs Syrian army jet in southern Raqqa province | Reuters

...... Raqqa and captured several districts from the militants. The Syrian army has also taken territory from retreating Islamic State militants in the western Raqqa countryside and seized back some oil fields and villages that had been under the militants' control for almost three years. (Reporting by Suleiman Al-Khalidi in Amman and Matt Spetalnick in Washington; editing by Andrew Roche) ......

(548 words by reuters.com)
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U.S. warplane downs Syrian army in Raqqa province | Reuters

...... the militants. The Syrian army, which has been taking territory from retreating Islamic State militants in the eastern Aleppo countryside, has moved into Raqqa province and seized back some oil fields and villages that had been under the militants' control for almost three years. An SDF official told Reuters the Syrian army had been engaged in skirmishes in recent days with U.S.-backed ......

(786 words by reuters.com)
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Bodies of missing sailors found in flooded compartments of U.S destroyer | Reuters

...... U.S. warship. It was carrying 1,080 containers from the port of Nagoya to Tokyo. None of the 20 crew members aboard the container ship, all Filipino, were injured, and the ship was not leaking oil, Nippon Yusen said. The ship arrived at Tokyo Bay later on Saturday. The waterways approaching Tokyo Bay are busy with commercial vessels sailing to and from Japan's two biggest container ports in ......

(606 words by reuters.com)
(06/18/2017)

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Asia stocks shake off Wall St. blues, sterling steady before Brexit talks | Reuters

...... rose at their fastest pace in May since January 2015 failed to lift the yen. The dollar added 0.1 percent to 111.01 yen JPY=, after touching a two-week high on Friday. In commodities, oil futures lingered near six-week lows, as concerns about a supply glut amid faltering demand. U.S. crude CLc1 slipped 0.45 percent to $44.55 a barrel, while global benchmark Brent LCOc1 dropped 0.4 ......

(832 words by reuters.com)
(06/18/2017)
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Kuwait's ruler calls for Gulf unity to heal Qatar rift | Reuters

...... and travel ties with Qatar on June 5, accusing it of funding militant groups and fomenting instability, charges Doha denies. The row has blocked imports, left travellers stranded, hit the oil price and sown confusion among businesses. Sheikh Sabah, a long-serving diplomat, said Gulf countries had "one destiny" because of their historical ties and cross-border family relations. These ......

(484 words by reuters.com)
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At least 62 killed in forest fire still raging in Portugal | Reuters

...... energy production "back to the past" with disastrous decisions to withdraw from the Paris climate agreement and to promote the coal industry, a senior Vatican official said on Friday. Canada oil sands need more emissions measures: official panel CALGARY, Alberta Canada's oil sands need more emissions-cutting measures and monitoring, an official panel said on Friday in recommendations that ......

(731 words by reuters.com)
(06/18/2017)
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Qatar won't cut gas to UAE - Qatar Petroleum CEO | Reuters

...... interview aired on Sunday. The Dolphin gas pipeline links Qatar with the UAE and Oman and pumps around 2 billion cubic feet of gas per day to the UAE. The chief executive of Sharjah National Oil Corp said earlier on Sunday he did not expect flows of natural gas from Qatar to the United Arab Emirates to be interrupted by the diplomatic dispute in the region. (Reporting by Sylvia Westall ......

(374 words by reuters.com)
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Syrian army says U.S.-led coalition downed Syrian army plane | World | Reuters

...... Raqqa and captured several districts from the militants. The Syrian army has also taken territory from retreating Islamic State militants in the western Raqqa countryside and seized back some oil fields and villages that had been under the militants' control for almost three years. (Reporting by Suleiman Al-Khalidi; editing by Andrew Roche) Thomson Reuters is the world's largest ......

(261 words by reuters.com)
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South Sudan's displaced see little chance of peace | World | Reuters

...... the 1994 Rwandan genocide - some two million within South Sudan and nearly the same again outside its borders. U.N. experts say the conflict, which also has roots in control of South Sudan's oil wealth, amounts to ethnic cleansing and risks escalating to genocide. "People told me stories of fear and violence," U.N. High Commissioner for Refugees Filippo Grandi said after walking though ......

(350 words by reuters.com)
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Four people missing after flooding in remote Greenland village | Reuters

...... energy production "back to the past" with disastrous decisions to withdraw from the Paris climate agreement and to promote the coal industry, a senior Vatican official said on Friday. Canada oil sands need more emissions measures: official panel CALGARY, Alberta Canada's oil sands need more emissions-cutting measures and monitoring, an official panel said on Friday in recommendations that ......

(420 words by reuters.com)
(06/18/2017)
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Syrian army says U.S.-led coalition downed Syrian army plane | Reuters

...... Raqqa and captured several districts from the militants. The Syrian army has also taken territory from retreating Islamic State militants in the western Raqqa countryside and seized back some oil fields and villages that had been under the militants' control for almost three years. (Reporting by Suleiman Al-Khalidi; editing by Andrew Roche) With a weakened leader and reeling from ......

(432 words by reuters.com)
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Bodies of missing sailors found in flooded compartments of U.S. destroyer | Reuters

...... U.S. warship. It was carrying 1,080 containers from the port of Nagoya to Tokyo. None of the 20 crew members aboard the container ship, all Filipino, were injured, and the ship was not leaking oil, Nippon Yusen said. The ship arrived at Tokyo Bay later on Saturday. The waterways approaching Tokyo Bay are busy with commercial vessels sailing to and from Japan's two biggest container ports in ......

(801 words by reuters.com)
(06/18/2017)
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Financial Conduct Authority chairman to leave at end of March 2018 | Reuters

...... lenders in the northern Veneto area, a source said on Sunday, following a report Brussels was set to tell Rome it could not use direct state support to rescue them. MIDEAST STOCKS-Cheaper oil depresses most of Gulf but MSCI hopes buoy Saudi DUBAI, June 18 Most major Gulf stock markets fell on Sunday because of weak oil prices, but hopes that Saudi Arabia will join MSCI's group of ......

(284 words by reuters.com)
(06/18/2017)
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