LONDON, Dec 12 (Reuters) – Deutsche Bank will
make steep staff cuts at its U.S. and European power and gas
trading desks, with the departures of dozens of traders and its
global head of commodities, David Silbert.
Several sources close to the situation said on Wednesday
the bank was shrinking the workforce as part of an earlier
announced plan to chop 1,500 positions in corporate banking to
save billions of euros amid a profit slump due to the euro zone
LONDON Dec 5 (Reuters) – Brent crude oil rose above $110 a
barrel on Wednesday after two sessions of losses, as investors
switched their focus from fears of a U.S. fiscal crisis to hopes
that growth in top energy consumer China will pick up sooner
Front-month Brent futures traded 48 cents higher at
$110.32 by 0928 GMT, after losing nearly 1 percent in the
previous session. U.S. crude added 42 cents to $88.92.
LONDON, Nov 29 (Reuters) – Crude oil rose on Thursday on
optimism that U.S. lawmakers would reach a deal on fiscal policy
and as mounting tension in the Middle East intensified supply
Brent crude was up 73 cents at $110.24 a barrel by
0937 GMT while U.S. crude gained 70 cents to $87.19 a
barrel, following losses in the previous session.
LONDON (Reuters) – Brent crude oil futures fell to their lowest in more than a week on Wednesday on fears of a looming budget crisis in the United States, the world’s top oil consumer.
Brent crude fell $1.15 to $108.72 per barrel by 1412 GMT. U.S. crude shed $1.56 to trade at $85.62 per barrel.
LONDON, Nov 28 (Reuters) – Brent crude oil futures fell on
Wednesday on fears of a looming budget crisis in the United
States, the world’s top oil consumer.
Brent crude fell 29 cents to $109.58 per barrel by
0940 GMT, after dropping to $109.31 on Tuesday – its lowest
since Nov. 20. U.S. crude shed 27 cents to trade at
$86.91 per barrel.
LONDON (Reuters) – Brent crude oil rose by more than $1 per barrel on Wednesday after an explosion on a Tel Aviv bus intensified concerns that the clashes between Gaza and Israel could lead to a wider regional conflict that would disrupt oil flows.
Brent crude futures were up $1.08 at $110.91 a barrel by 1455 GMT, off an earlier session-high of $111.46. U.S. crude rose 71 cents to $87.46.
LONDON, Nov 21 (Reuters) – Brent crude oil rose above $110 a
barrel on Wednesday, supported by fears of supply disruption
from the Middle East, as clashes raged between Palestinians and
Israelis despite overnight truce talks.
Brent crude futures were up 58 cents at $110.41 a
barrel by 0955 GMT, off an earlier session-high of $110.55. U.S.
crude rose 54 cents to $87.29.
LONDON, Nov 16 (Reuters) – European oil refiners can expect
margins to come back down to earth in 2013 as global capacity
returns, after a rollercoaster this year that saw them soar in
the second and third quarters on low oil products stocks and
The persistent strength of European refining margins since
the middle of the year has surprised traders and refiners, who
had grown used to very tough conditions.
LONDON, Nov 14 (Reuters) – Oil gained on Wednesday after two
days in retreat, supported by a retreat in the dollar.
Brent crude gained 54 cents to $108.80 a barrel by
0957 GMT, after ending 81 cents lower on Tuesday. U.S. oil
gained 34 cents to $85.72.
LONDON, Nov 13 (Reuters) – Exxon Mobil is in
advanced stages of discussions with potential buyers to take on
Iraq’s West Qurna 1 oilfield, Deputy Prime Minister for Energy
Hussain Shahristani said.
“There are sufficient number of interested buyers with the
financial resources and the technical know-how to buy their
interest,” Shahristani said on Tuesday.