Correspondent, London
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May 19, 2014

Murphy Oil UK head to pursue buyout of refinery -source

LONDON, May 19 (Reuters) – The head of Murphy’s Oil UK
operations has stepped aside to pursue the acquisition of the
company’s ailing Milford Haven refinery and retail business, a
source close to the company said on Monday.

Murco, Murphy’s British subsidiary, has been engaged for
months in talks with several parties on the sale of the 135,000
barrels-per-day refinery and its assets.

May 16, 2014

Citi builds commodity trade finance as others retreat

LONDON, May 16 (Reuters) – Citigroup plans to double
its commodities trade finance team within the next three years
as it seeks to benefit from a retreat by some rival banks, the
head of the business said.

Citigroup is one of the biggest players in trade finance but
has been relatively small in the specific area of commodities
trading. It started building a commodities trade finance team to
focus on the sector in 2012.

Apr 29, 2014

Oil rebounds towards $109 although sanctions response muted

LONDON, April 29 (Reuters) – Oil rebounded towards $109 a
barrel on Tuesday a day after prospects of a return of Libyan
supply prompted its biggest daily fall in nearly a month
although investors showed muted response to more U.S. sanctions
on Russia.

Libya’s National Oil Corp (NOC) said on Monday it planned to
lift force majeure from the eastern oil port of Zueitina,
offering hope of a restart to exports at a second port after a
deal with rebels.

Apr 14, 2014

Oil rises above $108 as Ukraine tension escalates

LONDON, April 14 (Reuters) – Oil rose above $108 a barrel on
Monday, on concern that escalating tension between Russia and
Ukraine could lead to supply disruption.

Towns in eastern Ukraine on Monday braced for military
action from government forces as a deadline passed for
pro-Russian separatists to disarm and end their occupation of
state buildings or face a major “anti-terrorist” operation.

Apr 3, 2014

Murphy says UK refinery could close after deal collapses

LONDON, April 3 (Reuters) – Murphy Oil told staff on
Thursday it could be forced to close its loss-making Milford
Haven refinery in Wales after exclusive talks with a private
equity firm collapsed.

The Arkansas-based oil company’ UK subsidiary Murco said it
had started 45 days of consultation with employees and their
representatives on the future of the loss-making 135,000 barrels
per day refinery.

Mar 27, 2014

Exclusive: Murphy Oil nears $500 million sale of UK refining assets

LONDON (Reuters) – Murphy Oil (MUR.N: Quote, Profile, Research, Stock Buzz) is ready to exit British refining next month with the sale of its Milford Haven plant and retail assets to private equity fund Greybull Capital for over $500 million, sources close to the talks told Reuters.

Murco, a Murphy Oil subsidiary, is expected to sell its 135,000 barrels-per-day (bpd) refinery in Wales, oil inventories, storage facilities and hundreds of petrol stations across Britain, the sources said.

Mar 27, 2014

Oil rises towards $108, supply worries underpin prices

LONDON, March 27 (Reuters) – Brent crude oil rose towards
$108 a barrel on Thursday, supported by worries about potential
supply disruption due to the possibility of Western sanctions on
Russia’s energy sector.

The United States and the European Union agreed on Wednesday
to work together on preparing possible further economic
sanctions in response to Russia’s actions in Ukraine and to make
Europe less dependent on Russian gas.

Mar 27, 2014

Murphy Oil nears $500 mln sale of UK refining assets

LONDON, March 27 (Reuters) – Murphy Oil is ready to
exit British refining next month with the sale of its Milford
Haven plant and retail assets to private equity fund Greybull
Capital for over $500 million, sources close to the talks told
Reuters.

Murco, a Murphy Oil subsidiary, is expected to sell its
135,000 barrels-per-day (bpd) refinery in Wales, oil
inventories, storage facilities and hundreds of petrol stations
across Britain, the sources said.

Mar 27, 2014

Oil flat around $107, supply worries underpin prices

LONDON, March 27 (Reuters) – Brent crude oil held steady
around $107 a barrel on Thursday, underpinned by worries about
potential supply disruption due to the possibility of Western
sanctions on Russia’s energy sector.

The United States and the European Union agreed on Wednesday
to work together on preparing possible further economic
sanctions in response to Russia’s actions in Ukraine and to make
Europe less dependent on Russian gas.

Mar 25, 2014

World Chefs: Say Cheese pop-up plays with notions of English food

LONDON (Reuters) – Ellen Parr’s photographer father Martin is famous for a 1995 book that showed British food for what it was – greasy, heavy, unhealthy and, more often than not, fried.

Now, at a pop-up restaurant in a community hall in east London, Ellen Parr and partner Alice Hodge are serving dishes that may resemble the food Parr’s father so graphically portrayed in “British Food”. But they are given a few twists to make them healthier, more international and trendier.

    • 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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