* Surgutneftegaz is Russia's fourth biggest oil firm by
MOSCOW Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher U.S. sanctions, traders who deal with the firm told Reuters.
MOSCOW Russia used stocks held in tanks at its oilfields to help boost crude production in June, three industry sources told Reuters, in a sign of supply flexibility as OPEC kingpin Saudi Arabia pushes other major producers to increase spare output capacity.
LONDON/ALMATY/MOSCOW Major European trader Vitol is set to increase its cash-for-oil deal with Kazakhstan's state energy firm by offering about $650 million or more to finance the Kashagan oilfield, sources familiar with the matter said.
MOSCOW Ahead of a meeting with Saudi Arabia and other producers, Russia already plans to increase oil exports, its July-September schedule shows, which coupled with increasing refinery runs suggests Moscow is gearing up to raise production.
MOSCOW/LONDON Oil trader Trafigura will regain its position as the largest buyer of seaborne crude from Russia's Rosneft, trading sources told Reuters on Friday, expanding their partnership as Rosneft reduces its dealings with Vitol and Glencore.
(This version of the October 6 story corrects figure in paragraph 1 to 360,000 bpd from 36,000 bpd)
MOSCOW Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States on the foreign finance they can use, multiple Russian oil industry sources told Reuters.
MOSCOW Glencore has become the largest buyer of Russian Urals oil from Rosneft, overtaking rival Trafigura after taking a stake in Russia's biggest oil major last month, a Reuters analysis of trade data showed.
MOSCOW, Dec 27 Russia's second biggest oil
producer Lukoil has appointed a new vice-president for
sales and supplies after state-owned rival Rosneft
clinched several major deals at its expense, three sources told