Correspondent, London
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Sep 9, 2014

Steady supply keeps Brent oil below $100 a barrel

LONDON, Sept 9 (Reuters) – Brent crude fell for a fourth
straight day on Tuesday, with prices near a 16-month low below
$100 a barrel, under pressure from ample global supplies and
slower-than-expected growth in the world’s top oil consumers.

Steady or growing output from Iraq and Libya, where
investors had feared violence would cut production, and the
shale oil boom in the United States as well as a stronger U.S.
dollar have helped to depress the oil price.

Sep 4, 2014

Oil slips, buffeted by dollar moves, Ukraine situation

LONDON, Sept 4 (Reuters) – Oil slipped to around $102 a
barrel on Thursday, partially reversing a sharp rise the
previous day, with more volatility expected as traders await the
European Central Bank meeting and developments on Ukraine.

Oil futures on both sides of the Atlantic have seen sharp
swings, buffeted by moves in the dollar and hopes that the peace
talks in Ukraine may help the demand outlook in Europe.

Jul 25, 2014

Oil slips below $107 as ample supply outweighs risk premium

LONDON, July 25 (Reuters) – Oil fell below $107 a barrel on
Friday as plentiful supply outweighed concerns over conflicts in
the Middle East and Ukraine.

Brent crude for September delivery traded 18 cents
lower at $106.89 a barrel by 1400 GMT. The contract had closed
96 cents lower on Thursday.

Jul 25, 2014

Exxon’s European refinery play piles pain on pressured plants

LONDON (Reuters) – ExxonMobil is pouring $1 billion into modernising a European refinery just as others are fleeing the sector, making life even more difficult for older plants struggling to stay afloat.

Exxon said it would install a new coking unit at the 300,000 barrel per day (bpd) Antwerp plant to turn high sulphur oils created as a by-product of the refining process into various types of higher-profit diesel, including shipping fuels that will meet new environmental laws.

Jul 25, 2014

Oil flat around $107 as ample supply offsets risk premium

LONDON, July 25 (Reuters) – Oil held steady around $107 a
barrel on Friday, as plentiful supply countered any premium to
the price caused by concern over conflict in the Middle East and

Brent crude for September delivery traded 13 cents
higher at $107.20 a barrel by 0810 GMT. The contract had closed
96 cents lower on Thursday.

Jul 2, 2014

Oil falls towards $111 on possible Libya ports deal

LONDON, July 2 (Reuters) – Oil fell towards $111 a barrel on
Wednesday, its lowest in almost three weeks, on a possible
substantial recovery in Libyan exports after rebels said they
would reopen two oil terminals.

Libyan rebels blockading eastern oil ports have agreed to
reopen the remaining two terminals at Es Sider and Ras Lanuf.
The port seizures have crippled Libya’s oil industry since last

Jun 26, 2014

Oil steady around $114 as Iraq exports in focus

LONDON, June 26 (Reuters) – Brent crude oil held steady near
$114 a barrel on Thursday, with traders watching developments in
Iraq for the possibility of export disruption from OPEC’s
second-largest producer.

Oil hit a nine-month high a week ago on fears that conflict
in Iraq could split the country and hit oil exports, but it has
since retreated slightly as production has been largely
unaffected by the fighting.

Jun 25, 2014

Oil falls below $114 but Iraq conflict underpins prices

LONDON, June 25 (Reuters) – Brent crude oil slipped below
$114 a barrel on Wednesday as fears of supply disruption in
Iraq receded and after a rise in U.S. inventories pointed to
ample stockpiles for the world’s biggest oil consumer.

Oil has made sharp gains in the past two weeks as concerns
over fighting in Iraq, OPEC’s second-largest producer and
exporter, pushed the North Sea benchmark above $115, its highest
since September.

Jun 17, 2014

Oil flat as Iran relations thaw offsets Iraq fears

LONDON, June 17 (Reuters) – Oil was steady at around $113
per barrel on Tuesday, as signs of a thaw in relations between
Iran and the West offset fears that Iraqi exports could be hit
by spreading violence in OPEC’s second-biggest oil exporter.

Scores of Iraqis were killed on Tuesday during a battle for
a provincial capital, and fighting shut the main oil refinery,
starving parts of the country of fuel and power as an uprising
by Sunni insurgents threatened Iraq’s survival as a state.

Jun 17, 2014

Oil eases on Iran relations but supply concerns persist

LONDON (Reuters) – Oil futures fell towards $112 per barrel on Tuesday, pressured by signs of a thaw in relations between Iran and the West although market players saw scope for gains if violence in Iraq threatened production from OPEC’s second-biggest producer.

Islamic militants have seized towns in the north of the country in the past week, although Iraq’s 3.3 million barrels per day of oil exports remain unaffected so far.

    • 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."
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