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India

Julia Payne

Trafigura takes a bet with North Sea oil on post-lockdown revival

22 May 2020

LONDON Commodities trader Trafigura has seized the moment and taken a rare dominant position in the North Sea crude market over the past two weeks as oil demand jumped, trading sources said.

Trafigura takes a bet with North Sea oil on post-lockdown revival

22 May 2020

LONDON, May 22 Commodities trader Trafigura has seized the moment and taken a rare dominant position in the North Sea crude market over the past two weeks as oil demand jumped, trading sources said.

Brent oil market structure, physical rally could draw oil from storage

14 May 2020

LONDON The oil futures market is pricing in tighter supplies due to OPEC-led production cuts and recovering demand as lockdowns to contain the coronavirus outbreak are eased, suggesting a huge inventory buildup could slow and start to be drawn down.

Brent oil market structure, physical rally could draw oil from storage

14 May 2020

LONDON, May 14 The oil futures market is pricing in tighter supplies due to OPEC-led production cuts and recovering demand as lockdowns to contain the coronavirus outbreak are eased, suggesting a huge inventory buildup could slow and start to be drawn down.

From zero to hero: physical oil rally might be short-lived

07 May 2020

LONDON/MOSCOW From Kazakhstan to the North Sea and the United States, physical crude has jumped in value in recent days but the rally will likely be tactical and short-lived rather than signalling a proper recovery, according to traders and analysts.

UPDATE 6-Oil jumps on China export bounce, longer term outlook weak

07 May 2020

* Saudi Arabia raises June official selling prices (Adds quote, updates prices)

ANALYSIS-From zero to hero: physical oil rally might be short-lived

07 May 2020

LONDON/MOSCOW, May 6 From Kazakhstan to the North Sea and the United States, physical crude has jumped in value in recent days but the rally will likely be tactical and short-lived rather than signalling a proper recovery, according to traders and analysts.

Top trader Vitol says virus might bring peak oil demand much quicker

05 May 2020

LONDON Oil markets are at the beginning of a fragile recovery as coronavirus lockdowns ease, though long-term peak demand may be permanently eroded, Vitol's chief executive told Reuters.

Energy trader Mercuria sees early signs of oil market recovery

01 May 2020

LONDON Global oil markets are showing early signs of rebalancing after production cuts by OPEC and the United States, with the market's pricing structure indicating that storing oil on idle tankers may soon no longer be profitable, Mercuria Energy Group said.

UPDATE 2-Energy trader Mercuria sees early signs of oil market recovery

01 May 2020

LONDON, May 1 Global oil markets are showing early signs of rebalancing after production cuts by OPEC and the United States, with the market's pricing structure indicating that storing oil on idle tankers may soon no longer be profitable, Mercuria Energy Group said.

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