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Middle East Crude-Benchmarks stabilize after 2-session fall

Middle East Crude-Benchmarks stabilize after 2-session fall SINGAPORE, Oct 16 (Reuters) - Spot premiums for Middle East crude benchmarks — Oman, Dubai and Murban — stabilized on Wednesday after sliding in the previous two sessions. QatarEnergy has trimmed the term price for al-Shaheen crude oil loading in December, trade sources said, tracking spot market levels this month.
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Azerbaijan's January-September oil exports via BTC pipeline down 4.4% y/y

Azerbaijan's January-September oil exports via BTC pipeline down 4.4% y/y BAKU, Oct 15 (Reuters) - Oil exports via the Baku-Tbilisi-Ceyhan pipeline, which runs from Azerbaijan through Georgia to Turkey, were down 4.4% year-on-year in January-September 2024 at 21.68 million metric tons, Azerbaijan's state statistics committee said on Tuesday. The BTC pipeline is used to export oil from the Azeri, Chirag and Guneshli oilfields, which are operated by BP BP.L .
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Middle East Crude-Benchmarks slip as Iran disruption concerns ease

Middle East Crude-Benchmarks slip as Iran disruption concerns ease SINGAPORE, Oct 15 (Reuters) - Spot premiums for Middle East crude benchmarks — Oman, Dubai and Murban — slipped for a second session on Tuesday as concerns about Iranian oil supply disruption eased, erasing geopolitical risk premium in prices. Global oil prices tumbled more than 4% to near two-week lows due to a weaker demand outlook and after a media report said Israel was willing to not strike Iranian oil targets, easing fe
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UK oil stocks decline as Iran supply disruption concerns ease

BUZZ-UK oil stocks decline as Iran supply disruption concerns ease ** Shares of British oil companies fall up to 4.4%, tracking declines in crude prices ** Brent crude futures LCOc1 drop 4%, while U.S. West Texas Intermediate futures CLc1 fell 4.2% by 0830 GMT, pressured by weak demand outlook and a media report saying Israel is not willing to stri
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European oil stocks fall tracking lower oil prices

BUZZ-European oil stocks fall tracking lower oil prices ** The European oil and gas index .SXEP falls as much as 2.6%, tracking a decline in global oil prices amid demand concerns and comments by Israel on escalating tensions with Iran ** Oil prices fell $2 in early Asian trade on a lowered OPEC outlook for global demand growth in 2024 and 2025, an
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Venture Global will not begin LNG deliveries to Italy's Edison until 2025

UPDATE 1-Venture Global will not begin LNG deliveries to Italy's Edison until 2025 Rewrites throughout, adds company and industry background, changes story identification tag Oct 14 (Reuters) - Italian energy group Edison EDNn.MI said on Monday that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025. Edison is among companies including Shell SHEL.L , BP BP.L and Repsol REP.MC that have filed contract arbitration cases a
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Middle East Crude-Benchmarks slip; Qatar offers Dec-loading cargoes

Middle East Crude-Benchmarks slip; Qatar offers Dec-loading cargoes SINGAPORE, Oct 14 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban slipped on Monday as concerns around an escalation of conflict between Israel and Iran eased. Spot premiums for Oman and Dubai fell toward $1.70 a barrel while IFAD Murban's premium to Dubai quotes dropped under $1.80. QatarEnergy will close on Tuesday three crude tenders for December-loading supplies.
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BP produced 12.5 mln tons of oil in Azerbaijan from January-September, ministry says

BP produced 12.5 mln tons of oil in Azerbaijan from January-September, ministry says BAKU, Oct 14 (Reuters) - BP BP.L produced 12.5 million metric tons of oil in Azerbaijan between January and September, Azerbaijan's energy ministry said on Monday. Production as of August since the start of the year had stood at 11.1 million metric tons. Reporting
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Azerbaijan's 9-month oil output down 4.8%, ministry says

UPDATE 2-Azerbaijan's 9-month oil output down 4.8%, ministry says Azerbaijan's oil output has been declining for years Country's OPEC+ oil output quota stands at 551,000 bpd Europe eyes Azerbaijan's gas Adds background, OPEC data BAKU, Oct 14 (Reuters) - Azerbaijan's oil output fell by 4.8% to 21.6 million metric tons in the first nine months of 2024, from 22.7 million metric tons a year earlier, Energy Minister Parviz Shahbazov said on Monday.
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Azerbaijan Jan-Sept gas exports to Europe totalled 9.4 bcm, ministry says

Azerbaijan Jan-Sept gas exports to Europe totalled 9.4 bcm, ministry says BAKU, Oct 14 (Reuters) - Azerbaijan exported 9.4 billion cubic metres (bcm) of gas to Europe over the first nine months of the year, the energy ministry said on Monday. Oil output was 21.6 million metric tons for the January to September period, with exports at 17.9 million tons.
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Middle East Crude-Murban falls for third straight session; Dubai, Oman rise

Middle East Crude-Murban falls for third straight session; Dubai, Oman rise SINGAPORE, Oct 11 (Reuters) - Middle East crude benchmark premiums for Oman and Dubai rose slightly on Friday, but Murban fell for a third consecutive session. SINGAPORE CASH DEALS Cash Dubai's premium to swaps rose 10 cents to $1.88 a barrel. SELLER-BUYER PRICE ($/BBL) REPSOL-TOTAL 78.60 REPSOL-TOTAL 78.60 REPSOL-MITSUI 78.59 TRAFIGURA-TOTAL 78.60 REPSOL-TOTAL 78.59 BP-MITSUI 78.59 HENGLI-TOTAL 78.55 EXXONMOBIL-MITSUI 7
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Asia Naphtha/Gasoline-Gasoline crack falls, halts three session rise

Asia Naphtha/Gasoline-Gasoline crack falls, halts three session rise Oct 11 (Reuters) - Asia's gasoline margins inched down on Friday after rising for three sessions, as 100,000 barrels of 92-gasoline exchanged hands at the closing window. The crack dipped to $4.41 per barrel over Brent crude from $4.44 on Thursday. In naphtha, the crack fell by $2.47 to $111.33 per metric ton over Brent crude.
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BP falls after forecasting Q3 profit slump on weak refining margins

BUZZ-BP falls after forecasting Q3 profit slump on weak refining margins ** Shares in BP BP.L fall 1.2% to 405.4p, second top loser on FTSE 100 index .FTSE ** British oil giant sees Q3 profit drop by $400 mln on lower refining margins ** Says oil trading result is also expected to be weak ** In oil production and operations unit, Q3 result will be
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UK Stocks-Factors to watch on Oct 11

UPDATE 1-UK Stocks-Factors to watch on Oct 11 Adds new items, updates futures Oct 11 - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.1%. * BP: BP BP.L said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous three months. * SAGA: British holiday group Saga SAGA.L said that Ageas AGES.BR would buy its insurance underwriting business for 67.5 million pounds ($88.06 million), and that it was in
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BP says weak refining margins to dent Q3 profit as fuel demand stalls

UPDATE 3-BP says weak refining margins to dent Q3 profit as fuel demand stalls Adds share price, analyst comment and net debt details in paragraphs 9 to 11 By Arunima Kumar LONDON, Oct 11 (Reuters) - Weak refining margins due to a slowdown in global demand for fuel and lower oil trading results will dent BP's BP.L third-quarter profit by up to $600 million, the British oil major said on Friday.
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BP Sees Q3 Upstream Production Broadly Flat Compared To Prior Quarter

BRIEF-BP Sees Q3 Upstream Production Broadly Flat Compared To Prior Quarter Oct 11 (Reuters) - BP PLC BP.L : 3Q24 BP TRADING STATEMENT UPSTREAM PRODUCTION IN Q3 IS NOW EXPECTED TO BE BROADLY FLAT COMPARED TO PRIOR QUARTER NET DEBT AT END OF QUARTER IS NOW EXPECTED TO BE HIGHER Source text for Eikon: ID:nRSK7860Ha Further company coverage: BP.L
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Oil settles down on Florida fuel demand worries, Mideast risk drives weekly gains

UPDATE 10-Oil settles down on Florida fuel demand worries, Mideast risk drives weekly gains Both benchmarks settle up 1% on the week Investors consider Israel's response to Iran's attack last week Hurricane aftermath to weigh on Florida fuel demand Libyan oil production restored to pre-central bank crisis levels Adds positions detail from the ICE in par 4 By Georgina McCartney HOUSTON, Oct 11 (Reuters) - Oil prices settled lower on Friday but rose for the second straight week as investors weighe
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US regulator denies Shell's request for older Venture Global LNG's documents

US regulator denies Shell's request for older Venture Global LNG's documents HOUSTON, Oct 10 (Reuters) - Shell SHEL.L on Thursday lost a bid to have U.S. regulators allow it to view nonpublic commissioning documents related to Venture Global LNG's Calcasieu Pass facility, a setback in a broader dispute over access to cargoes from the plant. Shell, BP BP.L , Galp GALP.LS , Repsol GALP.LS , Orlen PKN.WA and Edison EDNn.MI have launched contract arbitration cases in the U.S.
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Middle East Crude-benchmark premiums fall, Murban for second straight session

Middle East Crude-benchmark premiums fall, Murban for second straight session SINGAPORE, Oct 10 (Reuters) - Middle East crude benchmark premiums for Oman, Dubai and Murban all fell on Thursday, with Murban declining for a second consecutive session. SINGAPORE CASH DEALS Cash Dubai's premium to swaps fell 4 cents to $1.78 a barrel. SELLER-BUYER PRICE ($/BBL) RELIANCE-MITSUI 77.18 TRAFIGURA-TOTAL 77.18 EXXONMOBIL-MITSUI 77.18 TRAFIGURA-TOTAL 77.18 REPSOL-TOTAL 77.19 PHILLIPS 66-TOTAL 77.1 HENGLI-T
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Exane sees OPEC+ excess capacity looming over oil & gas sector

BUZZ-Exane sees OPEC+ excess capacity looming over oil & gas sector ** Exane BNP Paribas says it sees a "substantial" excess OPEC+ capacity hanging over the oil & gas sector "like the Sword of Damocles", anticipating a new phase for oil markets ** The broker warns that the excess OPEC+ capacity is colliding with insufficient global demand to absorb next year's expected non-OPEC supply growth ** Exane says the Brent oil price will have to move to a $60-65 per barrel level that may not only stimul
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