Edition:
India

Shadia Nasralla

Oil struggles to recover after U.S. gasoline stocks build

22 Oct 2020

LONDON Oil prices ticked up on Thursday but struggled to recover fully from the previous session's losses when higher U.S. gasoline inventories signalled a deteriorating demand outlook as coronavirus cases soar.

Solar projects already meet BP's profit goals, Lightsource BP says

22 Oct 2020

LONDON Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BP's plan to switch away from oil and gas to renewables.

Solar projects already meet BP's profit goals, Lightsource BP says

22 Oct 2020

LONDON, Oct 22 Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BP's plan to switch away from oil and gas to renewables.

UAE says OPEC+ plans to ease oil cuts from January as agreed

13 Oct 2020

DUBAI/LONDON The energy minister from the United Arab Emirates (UAE) said on Tuesday that OPEC+ oil producers will stick to their plans to taper oil production cuts from January.

UPDATE 7-Oil prices set for 10% weekly jump on U.S., Norway outages

09 Oct 2020

* Norway strike could cut 934,000 boepd if extends to Oct. 14

Oil prices head for 11% weekly jump on North America, Norway outages

09 Oct 2020

LONDON Oil prices inched up on Friday, setting both benchmark contracts on track for their biggest weekly gains since early June, on the back of supply outages caused by a storm in the Gulf of Mexico and a strike of offshore workers in Norway.

ANALYSIS-Premier Oil's takeover a blueprint for more deals as uncertainty bites

06 Oct 2020

LONDON, Oct 6 Premier Oil's takeover by private equity-backed Chrysaor marks the end of an 86-year oil wildcatter and could herald wider consolidation provided there are willing buyers in a sector whose outlook is highly uncertain.

Chrysaor to take over Premier Oil, creating UK North Sea's biggest producer

06 Oct 2020

LONDON Private equity-backed Chrysaor has agreed a reverse takeover of Premier Oil , the firms said on Tuesday, creating the British North Sea's largest oil and gas producer at a time the sector is facing a sharp decline in demand.

UPDATE 1-Premier Oil creditors extend debt test waiver to Nov. 5

01 Oct 2020

* Little interest in debt auction at 72 cents/dollar -source (Adds detail on ARCM debt auction, alternative deal)

Tullow Oil fending off potential cash crunch, reports $1.3 billion loss

09 Sep 2020

LONDON Tullow Oil is exploring ways to fend off a potential cash crunch as the London-listed group reported a $1.3 billion loss after it was forced to write down $1.4 bln due to collapsing demand for oil.

World News