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Russia says it may sell contaminated oil at a discount: Ifx

Russia says it may sell contaminated oil at a discount: Ifx

MOSCOW (Reuters) - Russia may sell contaminated oil at a discount, Energy Minister Alexander Novak was quoted as saying on Wednesday by Interfax news agency. He also said supplies via the Druzhba pipeline, which were interrupted after the discovery of the contaminated oil, will return to normal by year-end.

In limbo: the dirty Russian oil no one wants to pay for

In limbo: the dirty Russian oil no one wants to pay for

LONDON/MOSCOW (Reuters) - The bills are due for millions of barrels of contaminated Russian oil that have been stuck for weeks in pipelines from Belarus to Germany - but no one wants to pay. Western oil companies and European refiners that bought the oil a month ago, before discovering it was unusable, have so far refrained from freezing payments as

Saudi Aramco bets on oil supply to Europe, trading expansion

Saudi Aramco bets on oil supply to Europe, trading expansion

DUBAI (Reuters) - Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said. Aramco, the world’s biggest oil producer, is expanding its downstream, or refining and marketing, footprint

Russian oil quality back to normal at Baltic port after contamination

Russian oil quality back to normal at Baltic port after contamination

MOSCOW/LONDON (Reuters) - Russia has begun shipping clean oil via the Baltic after a contamination problem disrupted flows for three weeks and it is working to resume supplies by a pipeline to Europe although traders said this might take several more weeks to fix. High levels of organic chloride, used in oil extraction but which must be removed before

Oil may hold the secret to ending the trade war

Oil may hold the secret to ending the trade war

As the US ramps up pressure on China to end the trade war, crude oil might actually end up being the common ground the two countries need to find a solution On Wednesday, US president Donald Trump crushed any hopes of a trade deal with China when he announced that China “broke the deal” and that, as a consequence, the US will enforce even higher tariffs