Correspondent, London
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May 21, 2013

Oil falls on concern about Federal Reserve direction

LONDON, May 21 (Reuters) – Brent oil futures fell towards
$104 per barrel on Tuesday on concerns that the U.S. Federal
Reserve might scale back its quantitative easing programme,
which could damage fragile demand.

Comments by Fed officials and upbeat U.S. data last week
fuelled speculation the central bank might start to reduce its
bond purchases this year.

May 17, 2013

Oil price probe widens, senator wants Justice Department help

LONDON/WASHINGTON (Reuters) – A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.

Dutch trading house Argos Energies, a mid-sized trading company that deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday, a source familiar with the investigation said on Friday.

May 17, 2013

Oil price probe widens to include Dutch trading house

LONDON, May 17 (Reuters) – The European Commission
investigation into possible oil price manipulation extended
beyond three major companies to a smaller niche trading house,
while a Finnish refinery said it had been asked for information.

Dutch trading house Argos Energies is being investigated by
the European authorities, a source familiar with the
investigation said on Friday.

May 14, 2013

Traders seen gaining control of Europe’s fuel as refiners close

LONDON (Reuters) – Oil trading houses are poised to gain more control of Europe’s fuel supply as its refiners close, and the shutdowns could have a significant impact on prices and energy security, the West’s energy agency said on Tuesday.

The International Energy Agency foresees a seismic shift in global refining as countries such as India and Saudi Arabia build new capacity.

May 14, 2013

Traders to gain control of Europe’s fuel as refiners close-IEA

LONDON, May 14 (Reuters) – Oil trading houses are poised to
gain more control of Europe’s fuel supply as its refiners close,
and the shutdowns could have a significant impact on prices and
energy security, the West’s energy agency said on Tuesday.

The International Energy Agency foresees a seismic shift in
global refining as countries such as India and Saudi Arabia
build new capacity.

May 7, 2013

Oil below $105 as Middle East risk premium fades

LONDON, May 7 (Reuters) – Brent crude oil fell below $105
per barrel on Tuesday, after the risk premium caused by an
Israeli air strike on Syria faded.

The benchmark hit its highest in nearly a month above $105
in the previous session on fears of supply disruption following
Israeli air strikes on Syria close to Damascus.

Apr 30, 2013

Brent slips on bleak demand outlook, stimulus eyed

LONDON, April 30 (Reuters) – Brent oil fell towards $103 per
barrel on Tuesday, weighed by worries about the demand outlook,
though losses were capped on hopes that the U.S. Federal Reserve
and European Central Bank may do more to stimulate the global
economy.

Brent dropped 26 cents to $103.55 a barrel by 0916
GMT, after earlier touching a low of $103.41. U.S. crude was 1
cent lower at $94.49 a barrel, on track to end the month down
nearly 3 percent.

Apr 23, 2013

Oil slips below $99 as China, German PMI disappoint

LONDON, April 23 (Reuters) – Brent crude oil fell below $99
a barrel on Tuesday after weaker-than-expected manufacturing
data from China and Germany darkened the outlook for fuel
demand.

June Brent crude was down $1.51 to $98.88 a barrel
by 0829 GMT, while U.S. crude for June delivery was down
$1.27 at $87.92.

Apr 18, 2013

Oil bounces as sell-off is seen over-stretched

LONDON, April 18 (Reuters) – Brent crude oil jumped by more
than a dollar to $99 a barrel on Thursday, snapping a
six-session losing streak, with dealers saying it looked
oversold after losing 10 percent this month.

Oil earlier fell to a fresh nine-month low amid a wider
commodities rout triggered by data on Monday showing growth in
China had slowed unexpectedly in the first three months of 2013.

Mar 26, 2013

Oil gains on U.S. data, Brent premium at 8-month low

LONDON, March 26 (Reuters) – Brent oil’s premium to U.S.
crude fell to its lowest in more than eight months, lifted by
strong U.S. home sales data and as higher shale oil supply
reduced the U.S. need for imports.

U.S. single-family home prices rose in January, the biggest
annual increase in six-and-a-half years, helping bolster the
demand outlook in the world’s largest oil consumer.

    • About Simon

      "I am a senior correspondent at Reuters in London, working on the energy desk covering the oil market, both physical and futures, with a particular focus on oil products. I have been at Reuters since January 2007, and did stints on the foreign exchange and stockmarkets desk before moving to commodities. I sometimes write lifestyle pieces, and have a particular interest in food and literature."
      Joined Reuters:
      2007
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