Correspondent, London
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Sep 25, 2015

Oil prices steady, pressured by Japan data, dollar gain

LONDON (Reuters) – Oil prices were steady at about $48 per barrel on Friday, pressured by a rise in the dollar, weak consumer data from Japan and after analysts from Standard & Poor’s ratings cut their oil price assumptions.

Globally traded Brent futures were at $48.19 per barrel at 1124 GMT, up just 2 cents from their last close and erasing earlier Friday gains. U.S. West Texas Intermediate (WTI) futures were up 23 cents at $45.14 a barrel.

Sep 24, 2015

Oil rebounds near $48 on bargain-hunting after sharp fall

LONDON (Reuters) – Oil steadied at around $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large buildup in U.S. gasoline stocks and a tepid demand outlook.

Brent crude climbed 40 cents to $48.15 a barrel by 0943 GMT, after ending the previous session down $1.33.

Sep 24, 2015

Oil bounces to $48 on bargain-hunting after sharp fall

LONDON (Reuters) – Oil steadied at $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large buildup in U.S. gasoline stocks and a tepid demand outlook.

Brent crude LCOc1 climbed 27 cents to $48.02 a barrel by 0820 GMT, after ending the previous session down $1.33.

Sep 24, 2015

Oil bounces to $48 on bargain-hunting after sharp fall

LONDON (Reuters) – Oil steadied at $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large buildup in U.S. gasoline stocks and a tepid demand outlook.

Brent crude LCOc1 climbed 27 cents to $48.02 a barrel by 0820 GMT, after ending the previous session down $1.33.

Aug 13, 2015

U.S. refinery outages give European gasoline late boost

LONDON, Aug 13 (Reuters) – A string of refinery outages
across the United States and unrelenting demand for gasoline in
the country have given European gasoline a late boost to counter
the traditional decline in overseas demand as summer draws to a
close.

About 1.7 million tonnes of gasoline have been booked for
loading in August from Europe to the east coast of the United
States and the Gulf Coast, Reuters ship-tracking data showed, in
what traders said has been an exceptionally strong month.

Jul 28, 2015

Mealworms, algae make a tasty dish at London fest

LONDON, July 28 (Reuters) – India Knight and Danny Jack use
meal worms, algae, tree sap and homegrown flowers in a delicious
spread served in a tree house to get their customers thinking
about where their food comes from and its impact on the planet.

In a project subsidised by the global health foundation, the
Wellcome Trust, Knight, a micro-biologist by training, and Jack
were cooking 40 covers twice a day from a make-shift kitchen at
the base of a tree at the Shuffle Film Festival in an East
London park.

Jul 24, 2015

European car sales surge no help for fuel producers

LONDON (Reuters) – Surging European car sales will do little to help sagging fuel consumption, and oil refiners’ profits, as drivers opt for more efficient models, analysts say.Europe’s new car sales grew 14.8 percent, their fastest monthly rate in five and a half years in June, boosted by low interest rates and falling unemployment.

Vienna-based JBC Energy forecasts that demand for both gasoline and diesel in Europe will slide every year to 2020 for both gasoline and diesel, and combined demand for fuel from passenger transport will be almost 10 percent lower in 2020 at 2.9 million barrels per day than the 3.2 million bpd for 2015.

Jul 17, 2015

Oil flat, weak dollar offsets supply glut

LONDON (Reuters) – Brent crude oil steadied on Friday in low trading volumes after sharp losses earlier in the week on expectations of increased exports from Iran adding to an already heavy supply glut.

Brent crude was up 9 cents at $57.01 by 1120 GMT. Front-month U.S. crude futures CLc1 were trading at $50.83 per barrel, down 8 cents from their last settlement.

Jul 17, 2015

Oil rises on weak dollar, North Sea outage but glut weighs

LONDON, July 17 (Reuters) – Brent crude oil rose slightly on
Friday, underpinned by a weaker dollar and a power outage at
Britain’s largest oilfield, though a supply glut kept prices
pinned near $57 per barrel.

Brent crude was up 15 cents at $57.07 by 0827 GMT.
Front-month U.S. crude futures were trading at $50.87 per
barrel, down 4 cents from their last settlement.

Jul 10, 2015

Oil rises on China, Greece but demand worries weigh

LONDON (Reuters) – Oil prices rose on Friday, lifted by a rebound in Chinese stock prices and hopes of a breakthrough in the Greek debt crisis, but worries about oversupply and slowing demand limited gains.

Brent crude oil was up 56 cents at $59.17 a barrel by 1100 GMT. So far this month, the international benchmark has lost more than 7 percent.

    • 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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