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Europe

Trafigura buys more naphtha; snaps up Reliance cargo

SINGAPORE (Reuters) -- European trader Trafigura has bought 55,000 t of naphtha from India's Reliance Industries for end-May loading from Sikka, adding to its unusually high purchases of the fuel from the Singapore cash market, traders said on Wednesday.

Oil dips on doubts over OPEC's ability to reduce inventories

LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.

TomTom, BP partner to ‘help BP customers boost fleet efficiency’

AMSTERDAM, The Netherlands -- BP FleetMove combines fuel transaction information from BP fuel cards with driver behavior data from the TomTom Telematics Service Platform in one, easy-to-use interface.

Russia elbows Saudi Arabia aside as China's top crude oil supplier in March

BEIJING (Reuters) -- Russia reclaimed its position as China's biggest crude oil supplier in March, customs data showed on Tuesday, displacing Saudi Arabia after two months in second place as Moscow fights to hang on to its slice of the Chinese market.

Distribution of Neste diesel expands to Estonia

Neste will start distributing the Neste Pro Diesel in the company's Estonian station network. Distribution starts with four stations and will be expanded during May to cover 20 Neste stations in Estonia.

Despite alliance, Russian shipper holds Venezuela oil hostage over debts

ST. EUSTATIUS/HOUSTON (Reuters) -- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 MM—money the crisis-stricken nation desperately needs.

Neste Jacobs to perform energy study for Unipetrol's Czech Republic refinery

Technology, engineering and project management company Neste Jacobs and refinery and petrochemical group Unipetrol have signed an agreement for Neste Jacobs to perform a comprehensive energy efficiency study of Unipetrol's Litvinov oil refinery in Czech Republic.

Oil slides as US pumps more, but OPEC and North Korea loom

LONDON (Reuters) -- Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production.

Russia's Transneft says oil supply schedule for Belarus in 2Q 2017

MOSCOW (Reuters) -- Russia will supply 5 MMt of oil to Belarus in the second quarter, down from 6 MMt seen previously, Russian oil pipeline monopoly Transneft said on Friday.

Nitrous gases briefly released at BASF plant after breakdown

BERLIN (Reuters) -- German chemicals company BASF said it had shut down one of its facilities at its main Ludwigshafen site after a breakdown at the facility led to a brief release of nitrous gases (NOx).