LONDON, June 27 (Reuters) – When Petroplus went
bankrupt early this year, many in the industry thought that at
least the Coryton oil refinery in England, the most modern and
efficient of its five plants in western Europe, would survive.

So far it is the only one to have closed, doomed by the
priorities of UK bankruptcy law, the British government’s
laissez faire approach and strategic calculations by trading
houses who saw more opportunities from other refinery assets.

LONDON (Reuters) – Brent crude oil fell on Wednesday on mounting concerns that European leaders would fail to solve the region’s intractable debt crisis at a key meeting this week, offsetting tighter North Sea oil supply.

Brent crude had fallen $1.13 to $91.89 per barrel by 0833 GMT. U.S. crude was down 59 cents at $78.77.

LONDON, June 27 (Reuters) – Brent crude oil fell on
Wednesday on mounting concerns that European leaders would fail
to solve the region’s intractable debt crisis at a key meeting
this week, offsetting tighter North Sea oil supply.

Brent crude had fallen $1.13 to $91.89 per barrel by
0833 GMT. U.S. crude was down 59 cents at $78.77.

LONDON (Reuters) – Brent crude oil fell on Wednesday on mounting concerns that European leaders would fail to solve the region’s intractable debt crisis at a key meeting this week, offsetting tighter North Sea oil supply.

Brent crude had fallen $1.13 to $91.89 per barrel by 0833 GMT. U.S. crude was down 59 cents at $78.77.

LONDON (Reuters) – Brent crude oil fell on Wednesday, pinned near 17-month lows, hit by worries over Spain’s high borrowing costs and prospects for global demand growth.

Brent oil for August delivery was down 68 cents at $95.08 per barrel by 0630 EDT. It fell as low as $94.86 earlier, near Tuesday’s trough of $94.44, its lowest since January, 2011.

LONDON (Reuters) – Brent crude oil fell on Wednesday, pinned near 17-month lows, hit by worries over Spain’s high borrowing costs and prospects for global demand growth.

Brent oil for August delivery was down 68 cents at $95.08 per barrel by 0630 EDT. It fell as low as $94.86 earlier, near Tuesday’s trough of $94.44, its lowest since January, 2011.

LONDON, June 15 (Reuters) – Oil futures gained on Friday,
supported by hopes that Greece’s pending elections would result
in a government that favours the country’s recently negotiated
bailout and after a report that major central banks stood ready
to help stabilise markets.

Oil reversed earlier losses after the U.S. markets opened,
with traders shrugging off negative consumer sentiment data.

MOSCOW/LONDON (Reuters) – A former Russian energy minister has emerged as sole bidder for a bankrupt British oil refinery, and controversy over his past deals with distressed assets may be overlooked in last-ditch efforts to rescue the plant and up to 900 jobs.

Igor Yusufov remains interested in buying the Coryton refinery in Essex, say people close to both sides of the talks. The plant, a unit of bankrupt Swiss oil firm Petroplus, has run out of oil and its workers will be laid off if no deal can be reached.

MOSCOW/LONDON, June 15 (Reuters) – A former Russian energy
minister has emerged as sole bidder for a bankrupt British oil
refinery, and controversy over his past deals with distressed
assets may be overlooked in last-ditch efforts to rescue the
plant and up to 900 jobs.

Igor Yusufov remains interested in buying the Coryton
refinery in Essex, say people close to both sides of the talks.
The plant, a unit of bankrupt Swiss oil firm Petroplus, has run
out of oil and its workers will be laid off if no deal can be
reached.

LONDON, June 14 (Reuters) – Workers fighting to save their
jobs at the bankrupt Coryton refinery in Britain took their
fight to Prime Minister David Cameron on Thursday, marching to a
court where he was giving evidence and chanting “we got sold
out”.

Angered over what they say are plans involving Royal Dutch
Shell to turn the refinery into a storage terminal,
which would put most of the 900 employees and contractors out of
a job – demonstrators shouted: “Shell, Shell, go to hell!”